September 28, 2021

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Betsy DeVos Raked In Vast Outside Income As Education Secretary

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Billionaire Betsy DeVos fattened her fortune considerably from various business interests during her four-year run as education secretary under former President Donald Trump.

DeVos, who is reportedly worth more than $2 billion, reported outside earnings from dividends, interest and rents of at least $225 million and “potentially well over $414 million” during her time in the Cabinet role, according to an analysis of her financial disclosures by watchdog group Citizens for Responsibility and Ethics in Washington.

“It is impossible to know the exact amount because DeVos’s income is reported in broad ranges, but we do know for a fact that she made nine figures during her four years in office,” the group, known as CREW, said in a statement Monday.

At the most modest end of her reported income, DeVos would have raked in more than $158,000 each day of her 1,422 days in the position. That works out to more than $6,500 per hour.

DeVos, who pledged to donate her government salary to charity, resigned from her job after the U.S. Capitol riot on Jan. 6. She cited Trump’s divisive rhetoric as an “inflection point.”

Critics, however, said DeVos’ condemnation of the then-president was too little, too late.

Last month, CREW reported that Ivanka Trump and Jared Kushner earned between $172 million and $640 million in outside income during their time in the Trump administration.

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