Richard M. Daley, a prominent figure in American politics, began his career in the legal field after graduating from law school in the late 1960s. He initially worked as an attorney in Chicago, where he honed his skills and developed a strong work ethic. Daley’s passion for public service was evident from an early stage, and he soon transitioned into politics, marking the beginning of his rise to fame.

In 1989, Richard M. Daley made a significant stride in his political career when he was elected as the Mayor of Chicago. This marked a turning point for Daley, as he became the city’s youngest mayor at the time and the third member of his family to hold the position. His tenure, which spanned over two decades, was characterized by numerous initiatives that aimed to improve the city’s infrastructure, education system, and overall quality of life. Daley’s leadership and vision during this period brought him widespread recognition and fame, both within Chicago and across the nation.

Richard M. Daley’s Net Worth in 2025

As of 2025, Richard M. Daley’s net worth is estimated to be $25 million. This figure takes into account his real estate holdings, investments, and other assets.

Richard M. Daley’s Career

Richard M. Daley, born in 1942, is a prominent American politician. He served as the 54th Mayor of Chicago from 1989 to 2011, making him the longest-serving mayor in the city’s history. Before his mayoral tenure, Daley served as the Illinois State Senator from 1972 to 1980 and as the Cook County State’s Attorney from 1980 to 1989.

Richard M. Daley’s Other Ventures

After leaving office in 2011, Daley has been involved in various ventures. He is a senior counsel at the law firm Katten Muchin Rosenman LLP. He also serves on the boards of several companies, including Exelon and CDW. Additionally, Daley is a visiting fellow at the University of Chicago Harris School of Public Policy.

Richard M. Daley’s Assets

Daley’s real estate portfolio includes several properties in Chicago. He owns a home in the city’s Bridgeport neighborhood, valued at around $1.5 million. He also has interests in commercial properties, including office buildings and retail spaces. Daley’s investment portfolio includes stocks and bonds, primarily in financial and healthcare sectors.

Richard M. Daley’s Annual Income

Daley’s annual income is primarily derived from his law practice and board memberships. According to financial disclosures, his law firm income alone is estimated to be around $500,000 annually. His board memberships and other ventures contribute an additional $200,000 to $300,000 per year.

Frequently Asked Questions about  Richard M Daley

Richard M. Daley Net Worth FAQs

What is Richard M. Daley’s net worth?

Richard M. Daley’s net worth is estimated to be around $15 million.

How did Richard M. Daley make his money?

Richard M. Daley made his fortune primarily through his career in politics. He served as the Mayor of Chicago for 22 years, from 1989 to 2011. He also worked as a lawyer before entering politics.

What is Richard M. Daley’s salary as Mayor of Chicago?

As Mayor of Chicago, Richard M. Daley’s annual salary was $216,000.

What is Richard M. Daley’s political affiliation?

Richard M. Daley is a member of the Democratic Party.

Who is Richard M. Daley’s father?

Richard M. Daley’s father is Richard J. Daley, who also served as the Mayor of Chicago from 1955 to 1976.

Does Richard M. Daley have any siblings?

Yes, Richard M. Daley has four siblings: William Daley, John Daley, Michael Daley, and Mary Ellen Daley.

What is Richard M. Daley’s education background?

Richard M. Daley graduated from DePaul University College of Law in 1972 with a Juris Doctor degree. He also has a Bachelor of Arts degree in Political Science from DePaul University.

What are some of Richard M. Daley’s notable achievements as Mayor of Chicago?

Some of Richard M. Daley’s notable achievements as Mayor of Chicago include the construction of Millennium Park, the expansion of the Chicago Transit Authority’s ‘L’ system, and the implementation of the city’s first comprehensive recycling program.

What is Richard M. Daley’s current role?

After leaving office in 2011, Richard M. Daley returned to practicing law. He is currently a partner at the law firm Katten Muchin Rosenman LLP.

Is Richard M. Daley married? Does he have any children?

Yes, Richard M. Daley is married to Maggie Daley, who passed away in 2012. They have two children together, Patrick and Elizabeth.