Hakeem Jeffries' Net Worth Analysis: Financial Status of the House Minority Leader
Who is Hakeem Jeffries?
Hakeem Jeffries is an American politician and attorney serving as the House Minority Leader and the Leader of the House Democratic Caucus since January 2023. He represents New York's 8th congressional district, which includes parts of Brooklyn and Queens.
Background
Born in Brooklyn, Jeffries attended Binghamton University for his undergraduate degree, Georgetown University for his Master of Public Policy, and New York University for his law degree. Before entering politics, he was a corporate lawyer.
Hakeem Jeffries' Net Worth
As reported by OpenSecrets in 2018, Hakeem Jeffries' net worth was $841,012. However, the 2023 financial disclosure indicates his worth ranges between -$583,998 and $374,996.
Estimating a Congressman’s net worth poses challenges, as disclosure forms do not require exact values but rather ranges. His salary is $193,400 annually, not fully disclosed.
Income Sources
- Congressional Salary: Jeffries earns a base salary of $174,000 annually, increasing to $193,400 as House Minority Leader.
- Legal Career: Previously a corporate lawyer, he began as a clerk and worked with law firms and political organizations.
Hakeem Jeffries' Assets
His 2023 financial disclosure shows assets totaling between $281,002 and $765,000, with liabilities ranging from $390,004 to $865,000. Significant assets include:
- HSBC accounts valued between $50,001 and $100,000
- SPDR S&P Dividend ETF valued between $50,001 and $100,000
- Northwestern Mutual Whole Life Insurance Policy valued between $50,001 and $100,000
Controversies
His career includes notable controversies, such as a 1992 essay defending comments made by his uncle Leonard Jeffries.
Wrap-Up on Hakeem Jeffries' Finances
Current estimates indicate Hakeem Jeffries' net worth has decreased since 2018, suggesting he may face substantial debt due to liabilities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.