President-elect Donald Trump’s pick for defense secretary, Pete Hegseth, made $4.6 million as a Fox News host, a position he had held since the beginning of 2022, according to his financial disclosure, released one day before his confirmation hearing.
Hegseth also reported making approximately $1 million on speaking fees across dozens of engagements in 2023 and 2024, many of which were at conservative or Christian organizations. However, for one of those payments, a spokesperson for the American Legislative Exchange Council, where Hegseth reported being paid $150,000 for a speech in February 2023, said he only received $15,000 for the event – although he did not know where the error had been made. A transition official confirmed Hegseth was paid $15,000 for the engagement. The official said $150,000 was listed in error, and they are working on making a correction.
The former Fox News TV personality, whose deal with the network ended in November, also brought in royalties from three books he has written, including his latest book, “The War on Warriors.”
Hegseth held stock in several major defense contractors as well, including Lockheed Martin, Northrop Grumman, and Honeywell, according to his financial disclosure. The value of the assets was relatively small, listed between $1,001 and $15,000 for each of the companies.
Hegseth also held between $15,001 and $50,000 of Bitcoin.
In the list of incomes, Hegseth disclosed that he was paid $61,000 over four engagements with Helping a Hero, a non-profit organization that builds specially designed houses for service members injured in the war on terror. Hegseth listed three engagements in 2023 and one last year. According to ProPublica, Helping a Hero had $6.4 million in revenue in 2022.
This post has been updated with additional reporting on Hegseth’s payment for a February 2023 speech at the American Legislative Exchange Council.