Lloyd Austins $7 Million Wealth and Land Holdings

Posted by Tandra Barner on Saturday, June 8, 2024

Lloyd Austin has a net worth of $7 million. He is the first African American to ever hold the position of United States Secretary of Defence. He earns a salary of $195,000 annually.

Real Estate Wealth

Lloyd Austin owns a waterfront mansion in Kiawah Island, South Carolina valued at $2.7 million, featuring ocean views, a private dock, and spacious living areas. Additionally, he recently bought a secluded log cabin estimated at $1.5 million.

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Maui Lands: In October of 2023, Lloyd Austin acquired a parcel of 100 acres in Maui, Hawaii. Following the recent wildfires that ravaged Maui, he expanded his holdings by purchasing an additional 350 acres at a significantly reduced price.

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Lloyd Austin Net Worth

Net Worth$7 Million
Annual Income$2 Million
Salary$195,000
Lobbying Earnings$1.4 Million
Speaking Fee$10,000 per event
Real Estate Assets$5 Million
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15 Quick Facts about Lloyd Austin

  • Full Name: Lloyd James Austin III.
  • Born: August 8, 1953, in Mobile, Alabama, USA.
  • Position: U.S. Secretary of Defense since January 22, 2021.
  • Military Career: Served as a four-star General in the U.S. Army.
  • First African American: To lead the Department of Defense.
  • Education: Graduated from the U.S. Military Academy at West Point in 1975.
  • Advanced Degree: Earned a Master’s degree in Business Management from Webster University.
  • Commanded: U.S. Central Command (CENTCOM) from 2013 to 2016.
  • Retirement: Retired from the Army in 2016 after 41 years of service when his net worth was very low.
  • Private Sector: Worked as a board member for Raytheon Technologies before joining the Biden administration.
  • Significant Operation: Oversaw the military operations against ISIS in the Middle East.
  • First Role in Government: Served as Deputy Chief of Staff for Operations at the U.S. Army.
  • Family: Married to Charlene Austin.
  • Hobbies: Enjoys fishing and reading.
  • Recognition: Awarded numerous military honors, including the Defense Distinguished Service Medal and the Legion of Merit.
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