Pete Buttigieg Net Worth 2022 – How Did He Get Rich? Exposed!

Pete Buttigieg Net Worth 2022

Pete Buttigieg has an estimated net worth of $1 million in 2022. Pete Buttigieg, a former mayor of South Bend, Indiana, was among the 2020 Democratic presidential candidates and is the current secretary of transportation. He is the first openly gay man cabinet secretary. He earns the majority of his income from his career as a politician and government officer. 

Pete Buttigieg is a former South Bend, Indiana, mayor who served two terms. Buttigieg, a Harvard University graduate and an Oxford Rhodes Scholar, enlisted in the United States Navy Reserve and rose to the rank of lieutenant when he was deployed to Afghanistan in 2014. In April 2019, he declared his candidacy for the 2020 U.S. presidential election, making him the country’s youngest and first openly gay president. Buttigieg suspended his campaign in early March 2020, despite emerging as a top-tier Democratic candidate.

To calculate the net worth of Pete Buttigieg, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Pete Buttigieg
Net Worth: $1 Million
Monthly Salary: $14,000
Annual Income: $150,000
Source of Wealth: Politician, Government Officer

Early Life and Family

Peter Paul Montgomery Buttigieg was born on January 19, 1982, in South Bend, Indiana, to parents Joseph and Jennifer Buttigieg. His father immigrated from Malta while he was still in college, and despite studying to be a Jesuit priest, Joseph ended up teaching literature at the University of Notre Dame for nearly three decades.

Jennifer Buttigieg, Buttigieg’s mother, is a linguist from Indiana. Jennifer, like her husband, was a professor at the University of Notre Dame for nearly three decades.

Education

Buttigieg excelled academically as the son of two college professors. He graduated as valedictorian from high school and enrolled at Harvard University as a history and literature major. Following his graduation in 2004, he became a Rhodes Scholar at the University of Oxford, where he earned a B.A. in philosophy, politics, and economics.

Buttigieg became involved in state politics during his college years and later worked as a director for a consulting firm in Washington, D.C. Following graduation, he worked on John Kerry’s presidential campaign in 2004 and for another Chicago consulting firm, McKinsey & Company. He currently advises the Truman National Security Project, a progressive national security organization.

Buttigieg is fluent in seven languages in addition to English: Italian, Maltese, Spanish, Dari Persian, Arabic, French, and Norwegian (the last being self-taught).

Military Service

Buttigieg was inspired to join the military in 2007 as a supporter and volunteer for Barack Obama’s presidential campaign. Two years later, he joined the United States Navy Reserve, and in 2014, while serving his first term as mayor of South Bend, he was deployed to Kabul, Afghanistan, to participate in the Afghanistan Threat Finance Cell (ATFC), which aimed to disrupt terrorist organizations’ financial systems.

Buttigieg described serving in dangerous areas of Kabul in his 2019 autobiography, Shortest Way Home: “In a ritual to be repeated dozens of times, I would heave my armored torso into the driver’s seat of a Land Cruiser, chamber a round in my M4, lock the doors, and wave a gloved goodbye to the Macedonian gate guard.” “My vehicle would drive through the wire and into the bustling Afghan city, entering a world infinitely more interesting, ordinary, and dangerous than our zone behind the blast walls at ISAF headquarters.”

Buttigieg came out as gay in 2015, inspired by his overseas experience.

Mayor of South Bend

After winning the mayoral election in South Bend, Indiana, Buttigieg, then 29, took office in January 2012, becoming the youngest mayor in the United States to serve a city of over 100,000 people.

Buttigieg was re-elected in 2015, but not without a blemish: During his first term, federal investigators discovered that South Bend police were illegally wiretapping some of their officers’ phone calls at the request of police chief Darryl Boykins. Buttigieg was prompted to not only demote Boykins, but also to request his resignation. Boykins, the city’s first Black police chief, eventually filed a discrimination lawsuit against the city (previous white police chiefs purportedly conducted the same wiretapping policy). Buttigieg claims that this contentious event was his “first serious mistake as mayor.”

Despite some controversy, Buttigieg was instrumental in transforming the city. He established programs to repair and clean up abandoned buildings, provided assistance to low-income families, and promoted urban development projects.

Buttigieg stepped down after two terms, making way for his former high school classmate and chief of staff, James Mueller.

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Political Career

When Buttigieg formally launched his presidential campaign in April 2019, he lacked the name recognition and support of other leading Democratic candidates, but he quickly gained ground thanks to his obvious intellect and charisma, and by the end of the year, he was trailing only the big three of Joe Biden, Bernie Sanders, and Elizabeth Warren in the polls.

Medicare For All Who Want It

While the healthcare debate in America remains heated and contentious, Buttigieg took a pragmatic approach to the issue. He supported giving Americans a choice in their healthcare by proposing a “opt in” option, while also allowing Americans who prefer to continue with private insurance to do so. Buttigieg’s “Medicare For All Who Want It” proposal contrasted with the more progressive candidates’ government-run single-payer proposals, such as Sanders and Warren.

The Douglass Plan

Buttigieg proposed the Douglass Plan to address the issues of Black disenfranchisement and reparations, which were among the topics discussed by 2020 Democratic candidates. The plan, named after abolitionist and civil rights activist Frederick Douglass, offered improved healthcare policies to the Black community, increased credit access for Black businesses and entrepreneurs, reinvestment in education, and systematic criminal justice reform. While the Douglass Plan was designed to address the needs and concerns of African Americans, it also aided other marginalized minority groups.

National Service

Buttigieg developed “A New Call to Service,” a plan that encouraged high school students to participate in national programs such as the Peace Corps and AmeriCorps, as well as to engage in some of today’s most pressing issues, such as climate change, addiction and mental health issues, and mentorship.

The U.S. Supreme Court

Buttigieg considered adding five more justices to the current Court structure in an effort to depoliticize the United States Supreme Court. These additional justices would be able to serve only after being unanimously voted on by the original nine U.S. Supreme Court justices. Buttigieg also considered term limits for justices, stating that if elected president, he would form a bipartisan commission to investigate the best and most viable options.

Secretary of Transportation

Buttigieg was confirmed as President Biden’s secretary of transportation on February 2, 2021, making him the first openly gay cabinet secretary. “I’m honored and humbled by today’s Senate vote—and ready to get to work,” he wrote on Twitter.

Dropping Out

Although Buttigieg’s campaign appeared to be on solid ground after winning the contentious Iowa caucuses in early February 2020, the candidate was unable to maintain momentum through subsequent primaries. Buttigieg announced his withdrawal from the presidential race on March 1, after finishing far behind Biden and Sanders in South Carolina.

“Our goal has always been to unite Americans in order to defeat Donald Trump and win the era for our values,” he said to supporters. “At this point in the race, we must recognize that the best way to keep faith with those goals and ideals is to step aside and help bring our party and our country together.”

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Husband and Personal Life

Buttigieg met his husband, Chasten, in 2015 through a dating app and married him three years later. Chasten earned his master’s degree at DePaul University before becoming a junior high school teacher at Montessori Academy in Indiana. Chasten resigned from his teaching position after Buttigieg announced his presidential candidacy in order to travel with him and support his candidacy.

Buttigieg, an Episcopalian, was unique among his 2020 Democratic presidential rivals in making his Christian faith a pillar of his political identity. Buttigieg, who is known for calling out religious Republicans who vote against measures that undermine the needs of the poor, has received both praise and criticism from religious leaders.

He publicly chastised Vice President Mike Pence, an evangelical Christian, for being a “cheerleader for the porn-star presidency” and chastised conservative Christians who backed President Trump.

“Because my party has been so allergic to religious language,” Buttigieg told CNN, “we’ve forgotten that people need to be made aware of their choice.” “I feel compelled to speak out, if only to expose the hypocrisies of those in power. Time will tell whether this is a wise political move.”

Further Reading

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1 thought on “Pete Buttigieg Net Worth 2022 – How Did He Get Rich? Exposed!”

  1. You have a strange mistake in the profile. Secretary Buttigieg does NOT have a monthly salary of “$75 billion.” He and his husband have two children, twins born in August, 2021.

    Reply

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