Lloyd Austin has a net worth of $7 million. He is the first African American to ever hold the position of United States Secretary of Defence. He earns a salary of $195,000 annually.
Real Estate Wealth
Lloyd Austin owns a waterfront mansion in Kiawah Island, South Carolina valued at $2.7 million, featuring ocean views, a private dock, and spacious living areas. Additionally, he recently bought a secluded log cabin estimated at $1.5 million.
Maui Lands: In October of 2023, Lloyd Austin acquired a parcel of 100 acres in Maui, Hawaii. Following the recent wildfires that ravaged Maui, he expanded his holdings by purchasing an additional 350 acres at a significantly reduced price.
Lloyd Austin Net Worth
| Net Worth | $7 Million |
| Annual Income | $2 Million |
| Salary | $195,000 |
| Lobbying Earnings | $1.4 Million |
| Speaking Fee | $10,000 per event |
| Real Estate Assets | $5 Million |
15 Quick Facts about Lloyd Austin
- Full Name: Lloyd James Austin III.
- Born: August 8, 1953, in Mobile, Alabama, USA.
- Position: U.S. Secretary of Defense since January 22, 2021.
- Military Career: Served as a four-star General in the U.S. Army.
- First African American: To lead the Department of Defense.
- Education: Graduated from the U.S. Military Academy at West Point in 1975.
- Advanced Degree: Earned a Master’s degree in Business Management from Webster University.
- Commanded: U.S. Central Command (CENTCOM) from 2013 to 2016.
- Retirement: Retired from the Army in 2016 after 41 years of service when his net worth was very low.
- Private Sector: Worked as a board member for Raytheon Technologies before joining the Biden administration.
- Significant Operation: Oversaw the military operations against ISIS in the Middle East.
- First Role in Government: Served as Deputy Chief of Staff for Operations at the U.S. Army.
- Family: Married to Charlene Austin.
- Hobbies: Enjoys fishing and reading.
- Recognition: Awarded numerous military honors, including the Defense Distinguished Service Medal and the Legion of Merit.