Who is Asa Hutchinson and what’s his net worth today? President George W. Bush employed Asa Hutchinson, a former governor of Arkansas and U.S. attorney, as a prosecutor and the head of the DEA. His net worth according to FORBES, is estimated at $1.5 million as of 2023.
How did Asa Hutchison accumulate his riches?
He started with legal practice, in the town square by the local courthouse. It’s where he handled some of his earliest cases. He was making about $87,012 per year.
He was the youngest U.S. attorney in the nation when Ronald Reagan appointed him to the position of U.S. attorney for the western district of Arkansas at the age of 31. He could have been earning anywhere between $59,700 and $190,000.
Hutchinson began his campaign for the U.S. Senate on the steps of the Bentonville courthouse, where he had previously tried cases. He was defeated not only in that election but also in the subsequent race for state attorney general.
That being said, Hutchins’ brother Tim relinquished his congressional seat in 1996. Asa successfully ran and was elected to replace him.
Hutchinson was one of the trial managers in the U.S. Senate trial of Bill Clinton, another politician from Arkansas, who was impeached by the House in 1998, the year George W. Bush assumed office. Following his appointment as Undersecretary of Homeland Security, Hutchinson was appointed by Bush to lead the Drug Enforcement Administration. He’s estimated to have been earning anywhere between $76,795 and $103,699 yearly. Possibly, the earnings could have been more.
What was Asa Hutchinson’s salary after leaving the government?
After leaving the Bush administration in 2005, he ran a largely unsuccessful campaign for governor in 2006, but he did make some money nevertheless.
He launched his own homeland security consulting business and was made a partner in the Venable LLP law firm in Washington, D.C.
Nine days after he left DHS, one SPAC offered him 200,000 shares and a job as a “special advisor.”
He received another $200,000 in cash and some shares from one board position.
Hutchinson got back into politics in 2015 and ran for governor’s mansion once more.
He was able to secure a yearly salary of approximately $150,000 in addition to an estimated $179,00 state pension.
What are Asa Hutchinson’s assets?
He is estimated to be worth close to $300,000 in pensions from the federal government and the State of Arkansas.
Hutchinson’s house, which he paid $514,000 for thirteen years ago, is the main source of his wealth. At present, its approximate value is $1.2 million, with an estimated $300,000 still owed on the mortgage.
He owns an out 2 luxury car and a collection of about 3 luxury watches.
A month ago, he filed a financial disclosure report that shows that his current investment portfolio is a motley assortment of holdings, including stock in a coffee company, shares of GE Healthcare, and a position in the cruise line Norwegian.
Additionally, he had invested in several prestigious businesses, including Microsoft, Wal-Mart, and Tyson Foods Corporation.
Conclusion
At an estimated range of $5 million to $7 million in 2023, Asa Hutchinson’s wealth puts him in the league of wealthy politicians in the United States.
His business activities have included owning and managing small businesses, including an Arkansas law firm and consulting firm. This has allowed him to amass a substantial amount of wealth.
Hutchinson has also worked with many companies, and participated in different business ventures, in addition to being a member of the board of directors. This has allowed him to accumulate a lot of wealth.
