The Staggering Wealth: Unpacking Liz Cheney's Husband Philip Perry's Net Worth And Their $50 Million Fortune

The financial profile of a political power couple like Liz Cheney and her husband, Philip Perry, is often a subject of intense public scrutiny, especially as the former congresswoman continues to play a significant role in national politics, including her prominent work on the January 6th Committee and speculation about a future presidential bid. As of late 2024, the combined wealth of the Cheney-Perry household is estimated to be well over $50 million, a staggering figure largely built on decades of high-level legal work and strategic investments, positioning them among the wealthiest families in Washington’s political ecosystem.

This deep dive will unpack the career of Philip Perry, a high-powered litigation partner at a prestigious global law firm, and reveal the latest estimates of his personal net worth. While Liz Cheney's political career has been the subject of countless headlines, it is her husband's lucrative private sector career that has quietly cemented their status as a formidable financial unit, providing a massive foundation for her continued political and advocacy work.

Liz Cheney: Biography and Professional Profile

Elizabeth Lynne Cheney, better known as Liz Cheney, is an American attorney and former politician who has become one of the most prominent Republican voices against former President Donald Trump. Her career spans decades of public service and high-profile political roles.

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• Full Name: Elizabeth Lynne Cheney
• Date of Birth: July 28, 1966
• Place of Birth: Madison, Wisconsin, U.S.
• Parents: Dick Cheney (former Vice President) and Lynne Cheney
• Spouse: Philip Jonathan Perry (m. 1993)
• Children: Five (Kate, Elizabeth, Grace, Philip, and Richard)
• Education: Colorado College (B.A.), University of Chicago Law School (J.D.)
• Political Career Highlights:
  • U.S. Representative for Wyoming's at-large congressional district (2017–2023).
  • Chair of the House Republican Conference (2019–2021).
  • Deputy Assistant Secretary of State for Near Eastern Affairs (2002–2004).
  • Co-founder of the organization Keep America Safe.
  • Vice Chair of the House Select Committee on the January 6th Attack.
• Current Status: Prominent political figure, author, and considered a potential third-party presidential candidate for 2024.
• Estimated Net Worth: Estimates vary significantly, ranging from $10.4 million to as high as $47 million, with the higher figures reflecting recent book deals and investments.

Philip Perry’s Lucrative Career: The Foundation of His Net Worth

The core of Philip Perry's personal fortune comes from his long and highly successful career as a high-stakes corporate attorney. Unlike his wife, whose wealth accumulated through public service, book deals, and investments, Perry’s income stream is rooted in the private sector, specifically at one of the world's most elite law firms.

A Powerful Legal and Political Background

Philip Jonathan Perry is an American attorney and a former political appointee. Born on October 16, 1964, Perry's professional journey has alternated between influential government roles and highly compensated private practice.

During the George W. Bush administration, he held several key positions that cemented his reputation as a trusted legal and political operator. These roles included serving as the General Counsel for the Department of Homeland Security (DHS) and the General Counsel for the Office of Management and Budget (OMB). This experience gave him a deep understanding of federal regulatory and litigation matters, which is invaluable in the private sector.

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The Latham & Watkins Partnership

The most significant contributor to Philip Perry's net worth is his role as a litigation partner at Latham & Watkins LLP, a prestigious global law firm consistently ranked among the highest-grossing in the world. He has been with the firm since 2007, focusing on complex litigation, government investigations, and regulatory matters.

Partners at top-tier law firms like Latham & Watkins command substantial salaries, often exceeding $1 million annually, with senior partners earning significantly more. Perry's specialized experience, particularly his time in high-level government offices, makes him an exceptionally valuable asset to the firm's clients, many of whom are major corporations dealing with federal regulations and legal challenges. This consistent, high-seven-figure income over more than a decade is the primary engine behind his wealth accumulation.

What is Philip Perry's Estimated Net Worth in 2024?

Estimating the net worth of a private citizen, especially a high-earning law partner, is challenging, as their financial disclosures are not public like those of elected officials. However, based on his career trajectory and firm compensation structures, several financial outlets have offered estimates for Philip Perry's net worth in 2024.

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The consensus places Philip Perry's individual net worth in the range of $2 million to $4 million. A frequently cited figure is approximately $3.5 million. This figure primarily accounts for his accumulated savings and investments derived from his partnership income at Latham & Watkins, which began in 1993 and continued after his government service.

It is important to note that this estimate is often a conservative one. It does not fully account for the couple's shared assets, real estate holdings, or the value of any non-liquid investments that may be structured outside of his direct legal earnings.

The Combined Financial Power of the Cheney-Perry Family

The true measure of their financial standing lies in the combined net worth of Liz Cheney and Philip Perry. The couple's total fortune is a powerful blend of political influence, legal expertise, and generational wealth.

• Liz Cheney's Wealth: Liz Cheney’s personal net worth is substantial, with recent reports suggesting figures between $10.4 million and a remarkable $47 million. The higher estimates are likely due to the success of her 2023 memoir, Oath and Honor, and her lucrative speaking engagements following her time in Congress and her role on the January 6th Committee.
• Philip Perry's Wealth: His estimated net worth is consistently placed between $2 million and $4 million.
• Combined Net Worth: Taking a mid-range estimate for Liz Cheney and adding Philip Perry's wealth, the couple's total combined net worth is conservatively estimated to be in the range of $15 million to over $50 million. This places them firmly in the upper echelon of wealthy political families in the United States.

Their financial portfolio is diversified, likely including significant real estate holdings in Wyoming, where they reside, and Washington D.C., where their professional careers are centered. The family’s financial stability is a powerful asset, allowing Liz Cheney the freedom to pursue politically challenging and costly advocacy work without the immediate need for a traditional political salary.

The Impact of Wealth on Political Influence

The substantial wealth accumulated by Philip Perry and Liz Cheney offers them a degree of political independence that is rare. This financial security allows Liz Cheney to take controversial stands—such as her steadfast opposition to Donald Trump—without the fear of immediate financial ruin from losing a congressional seat or facing primary challenges, which she ultimately did in Wyoming.

The couple's network, spanning the highest levels of the U.S. government (through the George W. Bush and Dick Cheney connections), elite corporate law (Latham & Watkins), and the political establishment, provides them with unparalleled access and influence. The financial engine, largely driven by Philip Perry’s successful legal career, ensures that the Cheney family remains a powerful and well-resourced entity in the American political landscape, regardless of her current elected status.