Liz Cheney’s net worth is estimated to be $7 million. The American lawmaker built her wealth through her political career, her profession as an attorney, and other endeavors.
Liz Cheney has served in several high-profile positions in government. She is the third woman in US political history to be elected into the third-highest position in the House Republican leadership. The politician once served in various positions in the State Department and had other jobs prior to her political career.
How Did Liz Cheney’s Net Worth Accrue?
Liz Cheney accumulated her $7 million net worth from her long and varied career. She has successfully built her career in politics and law over the years and has gotten richer at each level of her career.
Below is a cursory look at how well Liz Cheney made all her money:
She Made a Good Living Before Entering Politics
Liz Cheney started working for the State Department in the 1980s after she graduated from college. She lasted five years in the job and resigned in the early 1990s. The politician moved on to work under the United State Agency for International Development (USAID) in the U.S. embassies in Warsaw and Budapest. After a few years, she resigned from the job to work as a consultant for Armitage Associates LLP, a consulting firm.
Having attended law school, Liz Cheney also earns from her law career. She was a practicing lawyer at White and Case as an international law attorney. The politician served as a consultant for a World Bank Group member known as the International Finance Corporation. She also worked for the Deputy Secretary of State as a Special Assistant for Assistance to the former Soviet Union.
Liz Cheney also worked in various high positions in the State Department. She was appointed to the position of Deputy Assistant Secretary of State for Near Eastern Affairs. According to sources, the position was mapped out for her by Richard Boucher as America was getting serious about Middle Eastern Reform. In the position, she controlled the Middle Eastern Partnership Initiative and set out to cater to the needs of economic progress, literacy, and political reform.
After working with the State Department for a year, she left to work for her father’s re-election campaign – the Bush-Cheney re-election. She also took part in the ‘W Stands for Women’ initiative targeted toward female voters. After her campaign stint, she returned to the State Department and was appointed as the Principal Deputy Assistant Secretary of State for Near Eastern Affairs and Coordinator for Border Middle East and North Africa Initiatives.
Cheney worked towards promoting education, economic opportunity, and democracy in North Africa and the Middle East. She also headed the Iran-Syria Policy and Operations Group and set up a unit in the Bureau of Near Eastern Affairs under the State Department. She signed up for Fred Thompson’s presidential campaign in 2007 for the election that would take place in 2008.
The presidential candidate dropped out of the race and moved on to work as a senior foreign policy advisor for Mitt Romney’s Presidential Campaign. In 2012, she expanded her portfolio as a news contributor to the Fox News channel. She has starred as a guest on TV programs like Fox News Sunday and Hannity.
She reportedly earned a whopping salary of $281,587 from her stint with Fox News. While her salaries at the other levels in her previous jobs are unknown, she is seen to earn well based on her educational qualification.
The Lionshare of Liz Cheney’s Net Worth is From Politics
Liz Cheney has become a household name in the U.S. thanks to her flourishing political career. Being the child of a top US politician, there is no doubt that she has learned the rules of the game. She has held several high-profile positions as a politician, and this has significantly added to her net worth.
In 2014, Liz Cheney first contested for the office of the U.S Senate in Wyoming as a Republican candidate. Her campaign received a lot of backlash as she strongly opposed same-sex marriage. Reports have it that she dropped out of the race because of health-related issues. She assured the masses that she would keep fighting with them for their fundamental values, though she would no longer campaign.
A year later, in 2015, she ran for the U.S House of Representatives in Wyoming with the support of Simon Kukes, an American oil mogul, and emerged as the winner with 62% of the vote. In 2018, she was re-elected to the House of Representatives and was officially in charge as the Chair of the House Republican Conference. With the position, she ranked as the third Republican in the chamber.
In 2020, she was re-elected to the House of Representatives with 69% of the votes. She was voted out as the Chair of the House Republican Conference in May 2020 because of her regular criticism of Donald Trump. Though the exact amount that Liz Cheney earned as a member of the House of Representatives is unknown, according to reports, the standard salary of a member as of 2022 is $174,000.
Authorship Also Provides a Major Source of Liz Cheney’s Net Worth
Liz Cheney is not just a politician and an attorney, she also boasts of a few books to her name. She has authored a few books from which she has bagged a lot of money.
The politician got a book advance of $350,000 for her book titled In My Time: A Personal and Political Memoir co-authored with her father, former Vice President of America Dick Chenny. She earned $162,000 for her second book advance titled Exceptional: Why the World Needs a Powerful America.
Other Ways That Liz Cheney’s Net Worth Was Built
Liz Cheney has also worked as a guest speaker at various events and is seen to make a considerable amount from them. She once earned $128,950 in speaking honoraria. It is reported that she also makes money from her real estate.
Liz has also invested in over 25 companies, which serves as an asset to her. Some of the companies that she has invested in include ORINDA LLC, Latham & Watkins, Citibank NA, Vanguard, JP Morgan, Wells Fargo, and many more. She is the co-founder of two non-profit organizations – Keep America Safe and Alliance for a Strong America.
The organizations are focused on sensitizing Americans about the importance of American leadership in the world. She is seen to earn from the effective running of the two organizations which get funds from donations. In addition, she is a member of the International Board of Advisors at the University of Wyoming.