How has Pete Buttigieg built his wealth over the years?
From his time as South Bend mayor to serving as U.S. Secretary of Transportation, his financial journey includes salaries, investments, and even book deals.
This article breaks down Pete Buttigieg net worth, income sources, and financial standing in 2025.
Pete Buttigieg Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Peter Paul Montgomery Buttigieg |
| Popular Name | Pete Buttigieg |
| Birth Date | January 19, 1982 |
| Age | 43 (as of 03/13/2025) |
| Birthplace | South Bend, Indiana, U.S. |
| Nationality | American |
| Ethnicity | Maltese-American |
| Education | Pembroke College (2007), Harvard College (2004), University of Oxford, Saint Joseph High School |
| Marital Status | Married |
| Spouse | Chasten Buttigieg (m. 2018) |
| Children | 2 |
| Dating | N/A |
| Siblings | None (Only Child) |
| Parents | Joseph Buttigieg, Jennifer Anne Montgomery |
| Height | 1.73 meters |
| Net Worth | $500,000 |
| Source of Wealth | Government Salary, Book Deals, Investments |
What is the Net Worth Of Pete Buttigieg in 2025?
Pete Buttigieg’s net worth is estimated to at $500 thousands.
His wealth primarily comes from his political career, book deals, and investments in Apple and Google stocks.
Compared to other high-profile politicians, his financial standing is modest. For instance, Joe Biden and Kamala Harris have reported significantly higher net worth figures. However, Buttigieg’s career is still evolving, and future opportunities may increase his financial portfolio.
For those interested in how politicians compare financially, check out the most successful political figures on this list.
Related People
- Joe Biden
- Kamala Harris
- Barack Obama
- Chasten Buttigieg
- John Kerry
- Todd Young
- Elaine Chao
- Bernie Sanders
- Jill Long Thompson
- Pete Ricketts
Pete Buttigieg Wealth, Salary and Financial Overview
How Did He Build His Wealth?
Pete Buttigieg started his career at McKinsey & Company, where he worked as a consultant on energy, retail, and economic development projects. His corporate career provided him with initial financial stability before transitioning fully into politics.
As the Mayor of South Bend, Indiana, he earned $149,000 per year, focusing on city redevelopment and public infrastructure projects. His political career gained national attention when he ran for the Democratic nomination in the 2020 presidential election. Although he did not secure the nomination, his campaign elevated his public profile, leading to book deals and media opportunities.
His role as U.S. Secretary of Transportation further strengthened his financial standing, as he now earns a government salary of $221,400 per year.
His Salary as a Government Official
During his time in public office, Buttigieg has received a stable income from government roles:
- Mayor of South Bend (2012–2020): $149,000 per year
- U.S. Secretary of Transportation (2021–Present): $221,400 per year
Apart from his political salary, Buttigieg also earned a $75,000 advance for his book deal, which contributed to his overall wealth.
Investments and Assets
Pete Buttigieg has invested in Apple and Google stocks, with disclosed holdings valued at up to $50,000 in Apple stock and up to $15,000 in Google stock.
Additionally, in 2009, he purchased a 2,500 sq. ft. home in South Bend, Indiana, for $125,000 from foreclosure. The property has nearly doubled in value since then, further strengthening his financial position.
His investment strategy appears to be conservative, focusing on tech stocks and real estate. However, given his government position, his investment portfolio remains relatively modest compared to wealthier political figures.
Financial Disclosures and Debt
Despite his earnings, Buttigieg carries student loan debt ranging from $100,000 to $350,000, which remains a significant financial obligation.
His financial disclosures, required for government officials, confirm that he and his husband, Chasten Buttigieg, have a net worth between $100,000 and $1 million.
This figure includes his salary, book deal earnings, real estate, and stock holdings, minus any liabilities.
Conclusion
Pete Buttigieg’s net worth reflects his career path from McKinsey consultant to government official.
While his assets and salary provide financial stability, his student debt and relatively conservative investment portfolio keep his net worth within a modest range compared to other politicians.
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