Net Worth of DOJ Head of Special Counsel Robert Mueller
An estimate of Robert Mueller’s net worth in 2017 is approximately $10.0 million. Mueller’s net worth is made up of ownership stakes in public companies trading on a major U.S. trading exchange and other financial assets held, which are described in further detail in this article.
Mueller disclosed all his personal financial information to the U.S. Office of Government Ethics for taking on the role of the head of Special Counsel, investigating Russian interference in the 2016 United States elections. He was appointed to this special position in May of 2017. (Source: “Executive Branch Personnel Public Financial Disclosure Report (OGE Form 278e),” U.S. Office of Government Ethics, August 8, 2017.)
The purpose of this role is to determine if there was any wrongdoing in regards to Donald Trump’s 2016 Presidential campaign and the Russian government. Mueller is the lead and has formed his own team to look into the matter.
Mueller has been in the public’s eye before; he served as the sixth director of the Federal Bureau of Investigation (FBI). He served from 2001 to 2013 under both the Bush and Obama presidencies.
After leaving the FBI role, Mueller worked in the private sector as a lecturer at Standford University and was a partner at WilmerHale, a law office located in Washington. The position was focused on investigating independent scandals such as the NFL’s conduct surrounding Ray Rice’s video of assaulting his fiancée and the Volkswagen emissions scandal.
With this being said, since Mueller is back working for a division of the government, all his financial information has been released to the public. If you’re wondering how Robert Mueller’s net worth is made up and how much he earns, the answers can be found in this article.
How Much Is Former FBI Director Robert Mueller Worth?
In the disclosure of all financial assets and liabilities, the net result is roughly $10.0 million in total assets owned. This would be a considerable increase when compared to Mueller’s 2001 net worth of $1.5 million, when he was first nominated as director of the FBI (the first time Mueller disclosed his financials to the ethics department).
The total net worth is based on taking the total amount of assets and subtracting any liabilities outstanding. When Mueller disclosed his financials to the ethics committee, there were no liabilities that were owned, such as a line of credit or mortgage. Everything was held in cash, public equities, and unique assets.
One of Mueller’s largest assets is held in two U.S. bank accounts valued up to $5.5 million. There is a high possibility that a part of these funds is from the dilution of the partnership in the WilmerHale law firm, which was approximately $3.5 million. This occurred when he took on the role of Special Counsel head.
Other assets include investment retirement accounts (IRAs), which were set up by WilmerHale and valued between $150,000 to $350,000. There are other IRA accounts that were set up before the ones that were set up with WilmerHale, with holdings in exchange-traded funds (ETFs) within the accounts. These accounts are valued between $170,000 to $800,000.
Other than the retirement investment accounts; Mueller has set up a family trust that owns publicly traded securities. Some of the holdings include large-cap companies such as American Express Company (NYSE:AXP), Amazon.com, Inc. (NASDAQ:AMZN), and Facebook Inc (NASDAQ:FB).
The disclosure does not include the value of his home or his cars. Since there are no liabilities held, it is safe to say that his home and cars are owned outright.
How Much Does Robert Mueller Earn?
In 2016, Mueller earned nearly $3.5 million through his lecturing and selling his equity ownership in WilmerHale. More than 90% of the income earned in 2016 was from selling the partnership to other partners of the law firm.
He also earned income for speeches including, $52,000 before Banamex, which is a Mexican division of Citigroup Inc. (NYSE:C), and $40,000 at a speaking engagement in New York to address Citigroup’s U.S. division.
How much does Robert Mueller make as a special counsel?
It is not disclosed how much Mueller makes on his current position as the head of the special counsel. But it is nothing near what he pulled in as income from his employment and business activities in 2016.
It is estimated that Mueller’s current salary is in the $200,000-to-$250,000 range. It is not a requirement that Mueller disclose his current income as the head of the special counsel division. Since he is obligated to disclose his financials once a year to the ethics division, the exact number will be known once the paperwork is made public.
Robert Mueller Net Worth Prediction 2018
In a 16-year time period, Mueller’s net worth has increased by more than 600%, which is an average of more than 40% annually. It is highly unlikely that Mueller’s future net worth continues to increase at this same rate since there is a fixed salary payment as a public sector figure.
Also, in his previous role as a partner, there were other individuals that were benefiting the business’s bottom line, which resulted in Mueller’s net wroth increasing. This is not the case anymore.
Going forward, Mueller’s net worth will be largely dependent on the performance of the stock market since a large chunk of his portfolio is invested in the markets. It will also be greatly impacted by the more than $5.0 million held in cash, once it is deployed into a growing asset, that is.