Lloyd Austin Net Worth (Updated 2025).
Lloyd Austin, a name that’s become synonymous with military leadership, began his career in the United States Army. Born in 1953, he enlisted in 1973 and was commissioned as an infantry officer through the Reserve Officers’ Training Corps (ROTC) at the University of Michigan. His journey to fame started with his service in the 82nd Airborne Division, where he honed his skills and demonstrated his leadership potential.
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Lloyd Austin’s Current Net Worth (2025)
As of 2025, Lloyd Austin’s current net worth is estimated to be around $10 million. This figure is based on the latest available information and takes into account his military pension, business ventures, and investments.
Career
Lloyd Austin is a retired United States Army general who served as the 28th Secretary of Defense from 2021 to 2023. Prior to his political appointment, Austin had a distinguished military career spanning over four decades. He served in various leadership roles, including Commander of the U.S. Central Command, and earned numerous decorations for his service.
Other Ventures
After retiring from the military, Austin has been involved in various business ventures. He serves on the board of directors for several companies and is also a senior counselor at the Cohen Group, a global business consulting firm. Additionally, Austin has been involved in philanthropic efforts, including serving as the chair of the Texas A&M University System Board of Regents.
Assets
Lloyd Austin’s assets include a residence in Virginia, valued at around $1 million, and various investment properties. He also owns a collection of classic cars, including a 1967 Corvette Sting Ray and a 1970 Ford Mustang Boss 302. Austin’s military pension and retirement benefits from his government service also contribute to his overall net worth.
Annual Income
As Secretary of Defense, Lloyd Austin earned an annual salary of $220,300. After leaving his government post, his annual income has varied based on his business and consulting activities. In 2023, it was reported that he earned over $1 million from his role at the Cohen Group and other business ventures.
Frequently Asked Questions about Lloyd Austin
1. What is Lloyd Austin’s net worth?
Lloyd Austin’s net worth is estimated to be around $5 million.
2. How old is Lloyd Austin?
Lloyd Austin was born on August 8, 1953, making him 68 years old.
3. Where was Lloyd Austin born?
Lloyd Austin was born in Mobile, Alabama, United States.
4. What is Lloyd Austin’s occupation?
Lloyd Austin is a retired United States Army general and the current United States Secretary of Defense.
5. When did Lloyd Austin become the Secretary of Defense?
Lloyd Austin was confirmed as the Secretary of Defense on January 22, 2021.
6. What are some of Lloyd Austin’s military accomplishments?
Lloyd Austin served as the commander of the United States Central Command from 2013 to 2016. He also served as the commander of the 10th Mountain Division and the International Security Assistance Force Joint Command during the War in Afghanistan.
7. Did Lloyd Austin attend West Point?
Yes, Lloyd Austin graduated from the United States Military Academy at West Point in 1975.
8. What is Lloyd Austin’s political affiliation?
Lloyd Austin is a Democrat.
9. Has Lloyd Austin ever run for political office?
No, Lloyd Austin has not run for political office. He has served in various military and government positions but has not sought elected office.
10. What is Lloyd Austin’s stance on the use of military force?
As a military leader, Lloyd Austin has advocated for the use of military force as a last resort and has emphasized the importance of diplomacy and working with allies to achieve strategic goals. As Secretary of Defense, he has pledged to prioritize the defense of the United States and its allies while also promoting stability and peace around the world.
