American politician Dick Cheney was born on January 30, 1941, and is well-known for his significant duties. He most famously held the position of Vice President under President George W. Bush from 2001 to 2009. Throughout his long political career, Cheney has held positions as White House Chief of Staff and Secretary of Defense under President George H.W. Bush.
He was well-known for taking a firm stand on national security and was instrumental in determining American policy. Although specifics are still unknown, Cheney’s estimated net worth is significant, reflecting his extensive and influential political career. He most likely made his money through a variety of investments and business endeavors.
Dick Cheney Net Worth
Dick Cheney is a 150 million dollar corporate executive, author, and politician from the United States. Many people believe that Cheney, who served as President George W. Bush’s 46th vice president, was the most influential vice president in American history.
Although Cheney’s lengthy career in the Republican Party is what made him most famous, his $100 million net worth indicates that he has successful roots in the private sector.
Dick Cheney’s tenure as CEO of oil services company Halliburton is mainly responsible for his wealth. From 1995 to 2000, Cheney served as CEO. Financial filings from 2000 state that Cheney’s total compensation for those years was $72.5 million.
This consisted of a basic pay of $12.5 million, retirement benefits of $20 million, and stock options totaling $40 million. Dick received bonuses, retirement perks, and deferred compensation, totaling several million dollars from the corporation while he was in office.
Prior to Cheney taking over as vice president, Halliburton ranked as the 22nd biggest military contractor in the United States. They were the seventh by 2003.
Dick Cheney’s Early Life and Education
Richard Bruce Cheney, better known as Dick Cheney, was born in Lincoln, Nebraska, on January 30, 1941. Along with his father, Richard, two younger siblings, Bob and Susan, and mother, Marjorie, he was raised in Casper, Wyoming.
Richard was a soil conservation agent with the U.S. Department of Agriculture, and Mary had played softball well back in the 1930s. Dick was the senior class president and football team captain at Natrona County High School in Casper, where he also attended College View Elementary School (now known as Calvert Elementary School) in Lincoln.
Cheney attended Yale University after high school but left less than two years later because of her poor academic performance. He was detained twice for driving under the influence in 1962 and 1963 after leaving Yale.
After attending Caspar College, he went on to get a Bachelor of Arts and Master of Arts in political science from the University of Wyoming. In 1966, he left his doctoral studies at the University of Wisconsin–Madison to work as a staff assistant to Governor Warren Knowles.
Dick Cheney’s Personal Life
As the first Methodist vice president to work under a Methodist president, Cheney is a member of the United Methodist Church. Bob, Cheney’s brother, used to work for the Bureau of Land Management as a civil servant.
From 1986 until 1996, his spouse Lynne served as the National Endowment for the Humanities’ chair. She currently works as a senior fellow at the American Enterprise Institute, a writer, and a public speaker.
Seven grandchildren and two daughters, Elizabeth (“Liz”) and Mary Cheney, belong to the marriage. Liz is the wife of Philip J. Perry, a former general counsel of the Department of Homeland Security and a former congresswoman from Wyoming.
Mary, who lives in Great Falls, Virginia, with her spouse Heather Poe, was a campaign aide for the Bush reelection campaign. The Coors Brewing Company and the Colorado Rockies baseball team formerly employed her. Since stepping down as vice president, Cheney has openly endorsed gay marriage. Nelson was Cheney’s Golden Retriever pet as of 2015.
Check out the articles given below to read more about the fortunes of various stars:
- Jonathan Owens Net Worth: The Financial Success Story of Her!
- Bobby Kotick Net Worth: Exploring His Impact on the Gaming Industry!
- Taraji P. Henson Net Worth: Breaking Down the Numbers Behind Her Income Triumph!
Dick Cheney’s Career
After receiving a congressional fellowship from the American Political Science Association in 1968, Cheney relocated to Washington, DC, to work as an intern for Congressman William Steiger.
Cheney was employed by Donald Rumsfeld at the Office of Economic Opportunity from 1969 to 1970. He then worked as an assistant director of the Cost of Living Council and as a staff assistant in the White House in the years that followed.
Cheney was the White House Chief of Staff and Assistant to the President after serving as Deputy Assistant to the President under Gerald Ford’s administration. Additionally, he served as Ford’s 1976 presidential campaign manager.
In 1978, Cheney was chosen to serve as a representative for his native Wyoming in the US House of Representatives. He chaired the House Republican Policy Committee from 1981 to 1987 and was re-elected five times.
Cheney left the House of Representatives in 1989 to take a job as George H.W. Bush’s Secretary of Defense, a post he kept until 1993. Cheney had been named House Minority Whip in 1988.
Dick led the military operations Operation Just Cause and Operation Desert Storm while serving as Secretary of Defense. He also received two honors: the Presidential Medal of Freedom and the U.S. Senator John Heinz Award for Greatest Public Service by an Elected or Appointed Official.
Private Sector Career
Following Bill Clinton’s inauguration in 1993, Cheney resigned from the Department of Defense. After Dick started working at the American Enterprise Institute, he was a director of the Council on Foreign Relations for two terms, from 1993 to 1995.
His first term was from 1987 to 1989. Cheney was Chairman of the Board and CEO of Halliburton, an oilfield services firm, from 1995 to 2000. He reportedly left the company in 2000 to join George W. Bush’s administration, and he was given a $20 million retirement package.
A class-action lawsuit alleging securities fraud against Halliburton was filed by its shareholders in 2002, and it was settled for $100 million in 2016. The Nigerian government accused Cheney and Halliburton of wrongdoing in 2010; however, the allegations were withdrawn after the business consented to a $250 million settlement.