Pete Hegseth reported over $1 million in an account previously listed as under $50,000

3 sources · 3 support

What we can confirm

Authoritative reporting and the U.S. Office of Government Ethics financial disclosure support the narrow factual assertion. Hegseth's later annual disclosure lists “U.S. bank #2” as worth more than $1 million, while his December 2024 nominee disclosure listed an account with the same description at $15,001–$50,000. The filings do not establish that it was necessarily the same underlying account or explain the change, so the claim should not be interpreted as proving an actual increase in wealth.