Dick Cheney Net Worth: Wealth Behind the Power

With a huge net worth of $150 million, Dick Cheney is among the richest American politicians. He is a Republican who served in the administrations of George H.W. Bush and George W. Bush. He was the secretary of defense under George H.W. Bush’s administration. Cheney served as the U.S. 46th vice president under George W. Bush.

Would you like to know more about the wealth of the 46th United States vice president? Explore the wealth amassed by Richard Bruce Cheney. Uncover how politics and private sector ventures contributed to his formidable net worth.

Dick Cheney Biography

Early Years and Education

Dick Cheney was born on January 30, 1941, to Marjorie Lorraine and Richard Herbert Cheney. He was born in Lincoln, Nebraska, and raised there in part. Cheney grew up mostly in Casper, Wyoming, with two younger siblings.

Cheney’s father was a soil conservation agent for the U.S. Department of Agriculture. Mary, his mother, played softball in the 1930s. Cheney enrolled at the College View Elementary School in Lincoln. The school is today called Calvert Elementary School. He went to Natrona County High School in Casper, where he was the senior class president and the football team captain.

Cheney enrolled at the University of Yale but did not graduate. His grades were too low, forcing him to drop out. Dick Cheney later enrolled at Caspar College and studied political science at the University of Wyoming. He graduated with a Bachelor of Arts and Master of Arts.

Dick joined the University of Wisconsin–Madison to study for his doctorate but did not graduate. He dropped out to work for Governor Warren Knowles.

Personal Life

Dick Cheney was born on January 30, 1941, to Marjorie Lorraine and Richard Herbert Cheney. He was born in Lincoln, Nebraska, and raised there in part. Cheney grew up mostly in Casper, Wyoming, with two younger siblings.

Cheney’s father was a soil conservation agent for the U.S. Department of Agriculture. Mary, his mother, played softball in the 1930s. Cheney enrolled at the College View Elementary School in Lincoln. The school is today called Calvert Elementary School. He went to Natrona County High School in Casper. At Natrona, he was the senior class president and the football team captain.

Cheney enrolled at the University of Yale but did not graduate. His grades were too low, forcing him to drop out. He later enrolled at Caspar College and studied political science at the University of Wyoming. He graduated with a Bachelor of Arts and Master of Arts.

Dick joined the University of Wisconsin–Madison to study for a doctorate but did not finish. He dropped out to work for Governor Warren Knowles.

Family Life

Dick Cheney is married with two daughters, Mary and Liz Cheney. He married Lynne CheneVincent in 1964. Liz Cheney is a U.S. Representative from Wyoming. She won the congressional seat in 2017. Mary was a campaign aide during the Bush and Cheney’s re-election campaign.

Mary Cheney’s sexual orientation is gay. She has two children with her wife, Heather Poe. After his vice presidency, Dick Cheney spoke out publicly supporting same-sex marriage. In 2012, he pushed the state of Maryland to legalize same-sex marriage unions.

On February 11, 2006, Cheney went squirrel-hunting with his friend, Harry Whittington. Cheney shot his friend by accident, causing him to suffer a heart attack three days later. Whittington survived, and Dick Cheney was cleared of criminal offenses.

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Dick Cheney’s Career

Private Sector

Dick Cheney left the White House with George H. W. Bush in 1993. He joined the American Enterprise Institute. He served as the Council on Foreign Relations director between 1993 and 1995. When his term ended, he joined Halliburton, an oil field service company, as the CEO and chairman of the Board.

Dick Cheney left Halliburton in 2002 to work with George W. Bush as vice president. The company paid Cheney a fat retirement package of $20 million. In 2002, Halliburton was served a class-action lawsuit by its shareholders. The case accused Halliburton of securities fraud. It settled the case with $100 million in 2016.

In 2010, the Nigerian Government accused Hurliburton and Cheney of corruption. Halliburton agreed to pay a settlement fee of $250 million. As a result, the Nigerian Government dropped the charges.

Political

Dick Cheney’s political career began in 1966. He left the University of Wisconsin to work for Governor Warren Knowles. In 1968, Cheney received a Congressional fellowship from the American Political Science Association. He then moved to D.C. to intern for Rep. William Steiger.

Cheney was an assistant to Donald Rumsfeld in the Office of Economic Opportunity. He then moved to the Cost-of-Living Council as an assistant director. When President Nixon resigned from office, Gerald Ford assumed office automatically.

Dick Cheney continued to work for the White House as an executive assistant to the president and chief of staff. Dick Cheney served as the campaign manager for Gerald Ford’s 1974 presidential campaign.

In 1978, Cheney won the election to represent Wyoming in the U.S. House of Representatives. His daughter, Liz Cheney, is the current Wyoming representative. Cheney served six terms as Wyoming representative. He was the chairman of the House Republican Policy Committee between 1981 and 1987. In 1988, he became the House Minority Whip.

In 1989, President George H.W. Bush appointed Cheney to the Department of Defense. Before leaving the Department, Cheney directed two successful military campaign operations. Such operations include the U.S. invasion of Panama and Operation Desert Storm. He received the Presidential Medal of Freedom.

Vice Presidency

Dick Cheney left the White House after George H.W. Bush’s tenure and returned to work with George W. Bush. He was Bush’s vice president between 2001 and 2009. Cheney influenced several policies in the White House, particularly foreign policy.

He was a temporal president twice during his vice presidency. President George Bush underwent minor surgeries on June 29, 2002, and July 21, 2007.

Vice President Cheney was instrumental in George W. Bush’s administration’s approach to war and terror. He constantly claimed that Iraq possessed weapons of mass destruction. He also insisted that Iraq had ties with Al-Qaeda. He was the target of the suicide bombing outside the Bagram Airfield in 2007. The Taliban claimed responsibility for the attack that killed 23 people.

Though Dick Cheney was the most powerful vice president America ever had, he left office with the lowest approval rate ever.

Post-Vice Presidency

Dick Cheney left public service with President George W. Bush’s administration. He published two books with his daughter Liz Cheney. The first was in 2011, In My Time: A Personal and Political Memoir and the second was in 2015, Exceptional: Why the World Needs a Powerful America.

Dick Cheney suffered a heart attack six times before undergoing a transplant in 2012.

Earnings Financial Data

Assets Investments

Dick Cheney’s massive net worth comprises assets in real estate, vehicles, and a yacht. He has 12 pieces of real estate, five vehicles, and one luxury yacht. He has over $13 million in cash reserves and a vast stock market investment portfolio. Cheney’s stock investments include Qualcomm, Amazon, and Intel, among other corporations. His stock investments total over $15 million.

House

Dick Cheney owns several pieces of real estate, including homes in different states. In January, the former vice president purchased a small lot in McClean, Virginia, for $1.35 million. And in 2008, he brought down the original house and began constructing a new home.

In 2005, Cheney acquired a waterfront estate, which he sold at a loss in 2019. He paid $2.67 million for the estate in Saint Michaels, Maryland, and sold it for $2.1 million. The former vice president also resides part-time in his Wilson, Wyoming home.

Cars

Dick Cheney owns a fleet of five luxury vehicles and one luxury yacht. One of his luxury cars is a $370,000 Mercedes-Benz G-Class.

FAQs

Conclusion

Richard Bruce Cheney is by far the most powerful vice president in American history. He was the vice president of President George W. Bush. Before that, he served in other administrations, including George H.W. Bush’s.

Cheney left public office in 2009 but has remained in the public eye. He often speaks on political matters. Cheney attracted harsh criticism in 2004 when he supported same-sex marriages.

Cheney has led a successful political career and business investments. The politician has built a massive wealth of $150 million from these ventures.

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