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 $3.0M. This file tracks the money next to the markets this office controls.
Military spendingDefense contractorsWeapons programsNational security
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: $3.0M+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