The 19th Secretary of Transportation of the US is American politician and former naval commander Peter Paul Montgomery Buttigieg. Joining the Democratic Party, he became the 32nd mayor of South Bend, Indiana, in 2012 and was dubbed “Mayor Pete” throughout his tenure. Pete Buttigieg’s Net Worth 2024 is a hot topic of discussion because he serves as the US Secretary of Transportation.
Pete Buttigieg Net Worth 2024
Pete Buttigieg has a $16 million net worth as of 2024 and he is paid USD 221,500 annually in his capacity as Secretary of Transportation. He also makes money via book deals, dividends, rental income, and business profits. The amount of money Buttigieg allegedly makes each year from book deals is between $5000,000 and $1 million for his debut work alone. He receives $150,000 in addition to a podcast.
In 2019, Pete Buttigieg’s net worth was estimated by Forbes to be about $100,000. He is really valued between -$706,990 and -$100,004, according to his 2023 financial disclosure declaration. His declared obligations surpass his total assets, which is why the statistics are negative.
Pete Buttigieg Biography
| Full Name | Peter Paul Montgomery Buttigieg |
| DOB | January 19, 1982 |
| Birth Place | Indiana, USA |
| Parents Name | Joseph and Jennifer Anne Buttigieg |
| Net Worth | $16 million |
Who is Pete Buttigieg?
During his 2020 presidential campaign, Pete Buttigieg came into the limelight and he was the mayor of South Bend, Indiana, from 2012 until 2020, before going into national politics. Buttigieg has an exceptional educational background, having attended Oxford University on a Rhodes Scholarship and earning a degree from Harvard University.
In addition to serving in the Navy Reserve and having traveled to Afghanistan in 2014, Buttigieg has had a number of positions in both the public and commercial sectors. He became the first out homosexual cabinet member in US history to be confirmed by the Senate when President Joe Biden named him to the position of Secretary of Transportation in 2021.
Pete Buttigieg- Early Life
Peter Paul Montgomery Buttigieg was born on January 19, 1982, in Indiana, USA. His parents are Joseph and Jennifer Anne Buttigieg. Due to his academic excellence, he received a Magna cum Laude degree from Harvard in 2004. He was granted a Rhodes Scholarship to attend Oxford University.
After pursuing his education at Pembroke College in Oxford, he graduated in 2007 with a bachelor of arts degree that included first-class honors in politics, economics, and philosophy. He served as a consultant and worked on John Kerry’s presidential campaign upon graduation. His active duty assignment in Afghanistan began after he enlisted in the U.S. Navy Reserve in 2009. In 2017, he was discharged from the military.
Buttigieg’s Personal Life
The first openly homosexual cabinet member in American history is Buttigieg. He started dating Chasten Glezman in 2015, and the two were married in 2018. In 2021, the couple took in Penelope Rose and Joseph August, their fraternal twins. For his explicit choice to take paternity leave in order to spend more time with his children, Buttigieg has received both praise and criticism. The family relocated to Chasten’s hometown of Traverse City, Michigan, in 2022, where his parents are still residents.
Pete Buttigieg’s Salary as USA Secretary and other income
In line with his broad profession, Pete Buttigieg has many sources of income.
- Government Salary: Buttigieg continues to get $ 221,500 per year as a salary for the post the Secretary of Transportation, having earned a significant salary when serving as mayor of South Bend;
- Book deals: His publications, which have earned him advances and royalties, have included Trust: America’s Best Chance and Shortest Way Home;
- Speaking engagements: Buttigieg uses his national recognition and political insight to earn large fees for speaking appearances;
- Military service: He earned extra money as a Navy Reserve member, however, it was not a significant source of revenue;
- Prior to taking on the job of mayor, Buttigieg had consulting and private sector positions at McKinsey & Company, where he was paid a competitive salary.
Assets and Investments
A $2 million house in South Bend, Indiana, a $1.5 million beachfront property in Hawaii, and a $2.5 million townhouse in Washington, D.C. make up Pete Buttigieg’s $6 million real estate wealth portfolio. Within Pete Buttigieg’s $8 million stock portfolio, the following companies are worth $2 million each: Tesla, NextEra Energy, Pfizer, Johnson & Johnson, Chevron, and Duke Energy.
Controversies
Even with his largely favorable public perception, Pete Buttigieg has encountered some controversy. In particular, during his presidential campaign, several questioned the morality of the projects he worked on while consulting at McKinsey & Company. He came under fire for how he handled ties between the police and the community in South Bend, especially when he fired the first African American police chief in the history of the department.
Pete Buttigieg- Facts
- When he was chosen to lead South Bend, Indiana, as mayor in 2011, he made history as the nation’s youngest mayor of a city with more than 100,000 citizens.
- While still the mayor, Buttigieg came out as homosexual in a 2015 article.
- Making history as the first prominent homosexual presidential contender, he sought the Democratic candidacy for president in the 2020 election.
- President Joe Biden named Buttigieg the U.S. Secretary of Transportation in 2021. Ever since his wealth has skyrocketed.
- He is wed to Chasten Glezman, with whom he has twins due in 2021.
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