U.S. Department of Defense (Department of War) · SecretaryIn office

Runs the Pentagon and the military budget.

Pete Hegseth was appointed, not elected, and is worth between −$5.0M and $3.9M. This file tracks the money next to the markets this office controls.

Military spendingDefense contractorsWeapons programsNational security

Official portrait of Pete Hegseth — Pete Hegseth

File A - Money Read

What the money shows

Pete Hegseth is Secretary of War at U.S. Department of Defense (Department of War), an office tied to Military spending, Defense contractors, and Weapons programs. Pete Hegseth has a listed net worth of -$546,950, sourced to Forbes. Pete Hegseth's appointment file lists President Trump, and a 2025 sworn-in year. Pete Hegseth's career file includes Army National Guard officer and Concerned Veterans for America CEO.

Sources: OGE · FEC

Nominated

Nov 12, 2024

by President Trump

Sworn in

Jan 25, 2025

29th Secretary of Defense before the department title changed

Term

Serves at the President's pleasure

File A - The money, next to the power

The portfolio vs. the jurisdiction

Estimated net worth: Estimated $3.0M by Forbes.Forbes · 2025-04-01

File B - The power

What this office controls

The Defense Department buys weapons, directs military priorities, and manages the largest discretionary budget in the federal government. Its choices move contractors, shipyards, aerospace firms, and technology suppliers.

File C - Before this office

Career

Army National Guard officer · Concerned Veterans for America CEO · Fox News host