Hakeem Jeffries’ net worth revealed: How rich is the House Minority Leader?

Since becoming the House Minority Leader in 2023, interest for Hakeem Jeffries’ net worth is gaining more and more traction. In this piece, we explore his finances by going through his assets, as well as any associated controversies and personal details.

Who is Hakeem Jeffries?

Hakeem Jeffries is an American politician and attorney serving as the House Minority Leader and the Leader of the House Democratic Caucus since January 2023. He represents New York’s 8th congressional district, which includes parts of Brooklyn and Queens.

Jeffries was born in Brooklyn, New York, and attended Binghamton University for his undergraduate degree, Georgetown University for his Master of Public Policy, and New York University for his law degree. Before entering politics, he was a corporate lawyer.

In Congress, Jeffries is known for his eloquent speeches and strong advocacy on various issues, including criminal justice reform, economic equality, and voting rights. Recently, he made headlines for his speech at the Democratic National Convention, where he expressed strong support for Vice President Kamala Harris and criticized Donald Trump.

Hakeem Jeffries’ net worth

In 2018, OpenSecrets reported that Hakeem Jeffries’ net worth was $841,012. However, based on his 2023 financial disclosure report, we estimated that he’s currently worth between -$583,998 and $374,996.

Disclaimer: Estimating a Congressman’s net worth is challenging because disclosure forms do not mandate exact values. Instead, they report the value of their assets and liabilities within specified ranges. While we strive to accurately estimate net worth 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. Additionally, Hakeem Jeffries earns $193,400 annually, but this isn’t required to be disclosed.

How did Hakeem Jeffries make his money?

Here’s a brief rundown of Hakeem Jeffries’ income sources:

• Congressional salary: As a US Representative, Jeffries earned a base salary of $174,000 per year. His salary increased when he became the House Minority Leader, a position that pays $193,400 annually;

• Legal career: As mentioned, Hakeem Jeffries was a corporate lawyer before entering politics. He began his career as a clerk for Judge Harold Baer Jr. and later worked for several law firms and political organizations.

Hakeem Jeffries’ assets

According to his 2023 financial disclosure report, Hakeem Jeffries’ assets total between $281,002 and $765,000, and his liabilities range from $390,004 to $865,000. Out of all his assets, the most valued ones include:

• HSBC accounts, valued between $50,001 and $100,000;
• SPDR S&P Dividend ETF (NYSE Arca: SDY), valued between $50,001 and $100,000;
• Northwestern Mutual Whole Life Insurance Policy, valued between $50,001 and $100,000.

Controversies

Hakeem Jeffries’ career isn’t without controversies. For instance, in 1992, while attending Binghamton University, he wrote an essay defending his uncle, Leonard Jeffries, who made antisemitic comments. In the essay, he also criticized African American conservatives like Clarence Thomas and Colin Powell.

Besides the controversial essay that popped up in public in 2023, Jeffries was also scrutinized in the media by Republicans when he claimed that Donald Trump’s election in 2016 was illegitimate. He was accused of being an election denier.

The bottom line

According to his 2023 financial disclosure report, Hakeem Jeffries’ net worth has decreased compared to 2018. His current net worth is estimated to range between -$583,998 and $374,996, indicating that he may be facing significant debt due to substantial liabilities.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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