Pete Buttigieg Forbes Net Worth (Updated 2025).
Pete Buttigieg, often referred to as “Mayor Pete,” began his career in the realm of politics while still a student at Harvard University. He interned for then-Senator Joe Donnelly of Indiana, his home state, and later worked on the campaigns of local and national Democratic candidates. This early exposure to politics laid the groundwork for his future endeavors.
Buttigieg’s rise to fame began in earnest when he was elected as the mayor of South Bend, Indiana, at the age of 29. He became the youngest mayor of a U.S. city with at least 100,000 residents and the first openly gay elected official in Indiana. His innovative and forward-thinking approach to governance, including initiatives focused on economic development and community engagement, quickly garnered national attention.
**Pete Buttigieg’s Current Net Worth (2025)**
As of 2025, Pete Buttigieg’s net worth is estimated to be around $10 million, according to Forbes. This figure is based on the latest available information and includes his assets and earnings from his political career and other ventures.
**Career**
Pete Buttigieg, born on January 19, 1982, is an American politician and former mayor of South Bend, Indiana. He served in this role from 2012 to 2020, making significant strides in economic development and infrastructure. In 2020, he ran for the Democratic nomination in the U.S. presidential election, ultimately serving as the Secretary of Transportation in the Biden administration from 2021 to 2023.
**Other Ventures**
Before his political career, Buttigieg worked as a consultant at McKinsey & Company and later served in the U.S. Navy Reserve. He has also authored two books, “Shortest Way Home” (2019) and “Trust: America’s Best Chance” (2021), which have contributed to his earnings.
**Assets**
Buttigieg and his husband, Chasten, own a home in South Bend, Indiana, valued at around $150,000, according to property records. They also own a home in Washington, D.C., purchased in 2021 for approximately $750,000.
**Annual Income**
As Secretary of Transportation, Buttigieg’s annual salary was $221,400. Before his appointment, his annual income varied, with his mayoral salary being around $125,000 and his book earnings contributing to his overall income.
Frequently Asked Questions about Pete Buttigieg Forbes
**Frequently Asked Questions: Pete Buttigieg Forbes Net Worth**
1. What is Pete Buttigieg’s net worth according to Forbes?
Pete Buttigieg’s net worth is estimated to be around $10 million, according to Forbes.
2. How does Pete Buttigieg’s net worth compare to other politicians?
Buttigieg’s net worth is higher than many politicians, but it’s still lower than some of the wealthiest politicians, such as former New York City Mayor Michael Bloomberg, who has a net worth of over $50 billion.
3. What are the primary sources of Pete Buttigieg’s wealth?
Buttigieg’s wealth comes primarily from his career as a politician and author. He has served as the mayor of South Bend, Indiana, and ran for the Democratic nomination in the 2020 U.S. presidential election. He has also written two books, “Shortest Way Home” and “Trust.”
4. How has Pete Buttigieg’s net worth changed over time?
Buttigieg’s net worth has increased significantly over the years, particularly since he began his political career. His net worth was estimated to be around $100,000 when he first ran for mayor of South Bend in 2011.
5. Does Pete Buttigieg have any significant business investments?
Buttigieg does not have any significant business investments. His wealth is primarily derived from his political career and book deals.
6. How does Pete Buttigieg’s net worth compare to his spouse’s net worth?
Buttigieg’s spouse, Chasten Buttigieg, is also an author and has a net worth estimated to be around $500,000. Together, their combined net worth is estimated to be around $10.5 million.
7. What is Pete Buttigieg’s annual salary as Secretary of Transportation?
As the Secretary of Transportation, Pete Buttigieg’s annual salary is $221,400.
8. How does Pete Buttigieg’s net worth impact his political career?
Buttigieg’s net worth has not had a significant impact on his political career. He has been transparent about his financial background and has not faced major criticism regarding his wealth.
9. What are some of Pete Buttigieg’s most expensive assets?
Some of Buttigieg’s most expensive assets include his home in South Bend, Indiana, which he purchased for $125,000 in 2009, and his book advance for his memoir, “Trust,” which was reportedly around $700,000.
10. How does Pete Buttigieg’s net worth influence his political views or policies?
There is no evidence to suggest that Buttigieg’s net worth significantly influences his political views or policies. He has consistently advocated for progressive policies, such as income inequality reduction, throughout his political career.
