Attorney General Jeff Sessions resigned from his position on Wednesday, Nov. 7 — but much of Sessions’ wealth comes from real estate and investments.
Attorney General Jeff Sessions resigned from his position on Wednesday, Nov. 7. Sessions appeared to have stepped down due to mounting pressure from President Donald Trump, related to the ongoing investigation that’s being led by special counsel Robert Mueller in regard to Russian interference in the 2016 election. Sessions’ withdrawal comes fresh off the heels of a highly contested, and very expensive, midterm election.
Matthew Whitaker will take over as acting attorney general and is expected to take charge of the Russia investigation and Mueller from Deputy Attorney General Rod Rosenstein, reported CNN.
A controversial figure — allegations of racism have trailed Sessions’ appointment since before he was sworn in February 2017 — in an administration full of controversy, here’s a closer look at the former Trump cabinet member’s finances and net worth.
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It’s hard to pin down Jeff Sessions’ net worth. OpenSecrets lists his net worth at around $7.5 million as of 2015. Meanwhile, a July 2017 Forbes exposé put his net worth at $6 million. The U. S. attorney general receives a salary of $210,700, according to a report by Chron. Sessions held his post since February 2017, which means he earned approximately $368,725 during his tenure with the Trump administration.
Most of Sessions’ wealth comes from real estate and investments, according to OpenSecrets. His most valuable asset appears to be a piece of land valued between just over $1 million to $5 million. Forbes adds that he owns more than 1,500 acres in western Alabama, and puts the value over $2.5 million. The majority of Sessions’ investments appear to be mutual funds held by Vanguard or Alabama-based government bonds.
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President Ronald Reagan nominated Sessions for a seat as federal judge in 1986, which would’ve been a step up from working as a U. S. attorney in his home state of Alabama. However, he was rejected from the appointment due to charges of racism and bigotry, though he’d later make up for it by assuming the highest judicial appointment in America. He represented Alabama in the Senate for some time, winning his first term in 1996 and being re-elected in 2002,2008 and 2014. Sessions was one of Trump’s earliest, most ardent supporters before his likely forced resignation in November 2018.
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