Asa Hutchinson is an American attorney, businessman, and politician who served as the governor of Arkansas from 2015 to 2023. He also served as a U.S. attorney and House representative and held two roles in the George W. Bush administration. In 2023, he announced his candidacy in the Republican primaries with an anti-Donald Trump platform but ultimately suspended his campaign. This article will uncover Asa Hutchinson’s net worth and income sources.
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How rich is Asa Hutchinson?
Hutchinson obtained a B.A. in accounting from Bob Jones University and earned his J.D. from the University of Arkansas School of Law. Ultimately, he practiced law for over two decades in more than 100 jury trials.
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In 1982, Ronald Reagan named Hutchinson U.S. attorney, and at age 31, Hutchinson was the youngest person to hold the position. He gained caught the nation’s attention after prosecuting CSA, a white supremacist organization.
Hutchinson’s first two attempts at getting elected failed: in the 1986 senatorial and 1990 attorney general elections. In 1996, Asa won the U.S. House of Representatives seat left open by his brother, Tim Hutchinson. At the start of the George W. Bush administration, Hutchinson was named Administrator of the Drug Enforcement Administration (DEA), then a member of the Department of Homeland Security (DHS).
In 2014, Asa Hutchinson was elected governor of Arkansas, serving until 2023 due to term limits. He announced his Republican primaries candidacy in 2023 as Trump’s competitor but dropped out after weak Iowa caucuses.
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In addition to politics, in 2005, Hutchinson founded a consulting firm, Hutchinson Group, LLC. In April 2024, he became a political contributor to Scripps News.
What is Asa Hutchinson’s net worth?
Disclaimer: While we strive to estimate net worth accurately from filings, disclosure rules have shortcomings. Personal residences, certain personal property, and federal retirement accounts are often not reported. Large assets can be listed in broad categories like “Over $1 million” or “Over $50 million,” potentially worth much more. Likewise, state financial forms may omit residential property and liabilities like mortgages.
How did Asa Hutchinson make his money?
Hutchinson’s long and fruitful career mainly revolved around law practice and politics. Here’s a summary of his sources of income:
- Law practice: Hutchinson started practicing law shortly after earning his J.D. from the University of Arkansas School of Law and ultimately spent 21 years in private practice. Additionally, he was a U.S. attorney and was involved in the impeachment trial of President Bill Clinton in 1998;
- Politics: Hutchinson held various elected positions throughout his political career. His last elected role was governor of Arkansas, which comes with an annual salary of $163,501;
- Investment portfolio: The former governor has also dabbled in investing, with stock holdings in various businesses, including coffee, GE Healthcare (NASDAQ: GEHC), and a cruise company.
Asa Hutchinson’s assets and liabilities
Asa Hutchinson’s net worth comes primarily from the value of his personal residence. He also has federal and state pension plans and a mortgage. Here’s an overview:
- Personal residence – estimated value of $1.2 million;
- Federal and state pension plans – valued at almost $300,000;
- Mortgage on home – estimated at around $300,000.
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Insider trading involvement
In 2006, Ada Hutchinson filed a financial disclosure form as a candidate for governor that failed to list 200,000 shares in Fortress America, a “blank check” company stock position trading at approximately $5 per share. When questioned by the media about the $1 million difference a month later, he said that was “just totally an oversight” and amended the financial report.
Who is Asa Hutchinson?
Asa Hutchinson was born in Bentonville, Arkansas, on December 3, 1950. He spent decades in public service, serving in various roles in both state and federal government, including as the U.S. attorney, House representative, and governor of Arkansas.
As an attorney under Ronald Reagan and the youngest attorney in the country, he took a hard stance on drug trafficking. In 1985, he assisted with negotiations to end a hostage standoff with a white supremacist organization, The Covenant, The Sword, and The Arm of the Lord (CSA).
In 1998, Hutchinson was a manager in Bill Clinton’s impeachment trial before the Senate. Additionally, he served in the Bush administration as the Administrator of the Drug Enforcement Administration (DEA) and later as the Under Secretary for Border and Transportation Security at the Department of Homeland Security.
As a governor, he adopted a pragmatic stance and focused on economic development, tax reform, and education. Furthermore, he advocated for expanding Medicaid in Arkansas and pushing forward criminal justice reform.
Hutchinson is married to Susan Burrell, and they have four children. He is the younger brother of Tim Hutchinson, who served as the U.S. Senator from Arkansas. Asa Hutchinson is also the brother-in-law of former Arkansas state senator Kim Hendren, and Jim Hendren, the Arkansas state senator, is Asa’s nephew.
The bottom line
With approximately $1.5 million in value, Asa Hutchinson’s net worth is low-to-average compared with most other governors. However, it is more than a thousand times lower than that of his presidential candidate rival, Donald Trump.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
