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Hegseth disclosed $4.6 million in Fox pay, $900,000 in speaking fees, and defense-stock holdings

Reporting and findings

  1. documented

    During Donald Trump's nomination of Pete Hegseth for defense secretary, Hegseth's January 13, 2025 financial disclosure reported $4,602,340 in Fox News salary and ABC calculated $900,000 in fees from forty speaking engagements for the January 1, 2023–December 23, 2024 reporting period; it also reported $1,001–$15,000 holdings in each of Lockheed Martin and Northrop Grumman, asset-value bands rather than contract awards or realized profit.

Summary and current status

Hegseth disclosed compensation and asset-value bands; the filing reported no Pentagon contract value or personal profit from a government award.

Nominee financial disclosure filed with the Office of Government Ethics

People and organizations

Relationships in this file

  1. Donald J. TrumpTrump defense nominee's disclosed compensation and holdingsPete Hegseth

Money trail

  1. paymentFox News salary reported by Hegseth$4,602,340
    Paid by / source
    Fox News
    Received by
    Pete Hegseth
    realized · 2025-01-13 · observedRead source record
    Calculation detailsPopulation Salary Fox News paid Pete Hegseth during the disclosure reporting periodPeriod 2023-01-01 to 2024-12-23Basis Exact salary stated in Hegseth's OGE Form 278e and independently checked against ABC's review of the filing.Limits Compensation income, not net worth, a defense-contract value, or personal profit from a government award.
  2. feeSpeaking fees reported by Hegseth$900,000
    Fee payer / source
    Forty speaking-engagement hosts
    Fee recipient
    Pete Hegseth
    realized · 2025-01-13 · observedRead source record
    Calculation detailsPopulation Fees paid to Pete Hegseth for forty speaking engagements during the disclosure reporting periodPeriod 2023-01-01 to 2024-12-23Basis Used ABC News's calculation from the itemized OGE disclosure after its published correction to one event's fee.Limits ABC reports the aggregate as $900,000; it is compensation income, not net worth or government-contract revenue.