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Kathy Hochul’s net worth revealed: How rich is the Governor of New York?

Kathy Hochul’s net worth revealed: How rich is the Governor of New York?
Bogdan Stojkov

Although everyone is raving about her aide being arrested under charges of espionage, did you ever wonder about Kathy Hochul’s net worth? In this piece, we explore her finances, assets, and investments, as well as all other relevant details.

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Who is Kathy Hochul?

Kathy Hochul is the current Governor of New York, having assumed office on August 24, 2021. She is the first female governor of New York and the first governor from Upstate New York since 1920. Before becoming governor, Hochul served as the Lieutenant Governor of New York from 2015 to 2021.

Hochul has a background in law and politics. She previously served as a US Representative for New York’s 26th congressional district from 2011 to 2013. She also held various local government positions, including Erie County Clerk and a member of the Hamburg Town Board.

A former aide to New York Governor Kathy Hochul, Linda Sun, and her husband, Chris Hu, were arrested at their Long Island home on charges of acting as agents for the Chinese government. The US Attorney’s office announced that they are set to appear in court, and the investigation is ongoing.

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Kathy Hochul’s net worth

According to Crix11, Kathy Hochul’s net worth is around $2 million. She is one of the highest-paid governors in the US, with her annual salary being $250,000.

Disclaimer: This article provides an estimated net worth derived from publicly available sources, as we do not have access to Kathy Hochul’s complete financial disclosures. As such, this figure should be considered an approximation.

How did Kathy Hochul make his money?

Kathy Hochul’s wealth primarily comes from her career in public service and her husband’s professional endeavors. Here’s a brief breakdown of her income sources:

  • Public service: Hochul has held various government positions, including US Representative, Erie County Clerk, and Lieutenant Governor of New York;
  • Governor’s salary: As the Governor of New York, she earns an annual salary of $250,000, which is one of the highest in all the USA;
  • Investments: According to her financial disclosure report, Hochul and her husband, William Hochul, have stock investments in companies like Alphabet (NASDAQ: GOOGL), Pepsi (NASDAQ: PEP), (Costco (NASDAQ: COST), Microsoft (NASDAQ: MSFT), BlackRock, Inc (NYSE: BLK), etc.;
  • Husband’s career: William Hochul is a former US Attorney and currently serves as Senior Vice President, General Counsel, and Secretary at Delaware North, a global hospitality and food service company;
  • Real estate: The couple owns multiple properties, including their primary residence in Buffalo, New York.

Controversies

Kathy Hochul has faced several controversies during her tenure as Governor of New York. One major issue is her plan to implement congestion pricing in New York City, which aims to reduce traffic and fund public transportation. The proposal has faced significant opposition, particularly from lawmakers and residents of Long Island.

In May 2024, Hochul made a controversial remark about Black children in the Bronx not knowing the word computer, which was criticized for perpetuating negative stereotypes. Although she apologized, the comment led to protests and demands for more investment in technology and education in the Bronx.

Additionally, the arrest of her former aide, Linda Sun, on charges related to acting as an agent for the Chinese government has raised concerns about the vetting process for staff and potential security risks.

The bottom line

With around $2 million next to her name, Kathy Hochul’s net worth stands solid, especially compared to average Americans of her age. Nevertheless, she’s nowhere near the richest US Governors and politicians in general.

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

FAQs about Kathy Hochul’s net worth

Who is Kathy Hochul?

Kathy Hochul is the current Governor of New York, having assumed office in August 2021 following the resignation of Andrew Cuomo.

What is Kathy Hochul’s net worth?

Kathy Hochul’s net worth is estimated to be around $2 million, primarily from her career in public service and her husband’s investments.

Who is Kathy Hochul’s husband?

Kathy Hochul’s husband is William J. Hochul Jr., a former US Attorney and current General Counsel for Delaware North, a hospitality and gambling company.

What happened to Kathy Hochul’s former aide?

Kathy Hochul’s former aide, Linda Sun, was arrested along with her husband on charges of acting as agents for the Chinese government, raising concerns about security and the vetting process for staff.

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