Leon Edward Panetta is a retired politician and government official from the United States who has served as secretary of defense, director of the Central Intelligence Agency, White House chief of staff, director of the Office of Management and Budget, and California’s representative. Find the net worth of the retired politician.
Leon E. Panetta Net Worth in 2024
As of August 2024, Leon E. Panetta’s estimated net worth is at least $8 million, as per reports of GuruFocus.
This valuation primarily stems from his position as a director at Oracle Corporation, where he holds approximately 58,090 shares of the company’s stock, valued at over $8 million based on recent stock prices.
Panetta’s financial standing reflects his extensive career in public service and corporate governance, including significant roles in the U.S. government and various nonprofit organizations.
Leon E. Panetta Career Highlights
Leon E. Panetta has had a distinguished career in public service, spanning decades and multiple high-profile positions. Here are the key highlights of his career:
Early Career
Military Service: Served as a First Lieutenant in the U.S. Army from 1964 to 1966.
Political Beginnings: Started as a legislative assistant to Republican Senator Thomas Kuchel in 1966. He later worked in the Nixon administration, becoming the director of the Office for Civil Rights, where he advocated for school desegregation before resigning in 1970 due to conflicts with the administration’s policies.
Congressional Career
U.S. House of Representatives: Elected in 1976, Panetta served California’s 16th Congressional District until 1993. He was known for his expertise in budgetary matters and served as chairman of the House Budget Committee from 1989 to 1993.
Roles in the Clinton Administration
Office of Management and Budget: Appointed by President Bill Clinton as director from 1993 to 1994, where he helped draft the administration’s first budget proposal.
White House Chief of Staff: Served from 1994 to 1997, playing a crucial role in managing the White House and negotiating with Congress.
CIA and Defense Secretary
Director of the CIA: Nominated by President Barack Obama in 2009, Panetta oversaw significant operations, including the mission that resulted in the death of Osama bin Laden in 2011.
Secretary of Defense: Appointed in July 2011, he served until February 2013. During his tenure, he ended the Iraq War, lifted the ban on women in combat, and extended benefits to same-sex couples in the military.
Post-Government Work
Panetta Institute for Public Policy: Co-founded in 1997, the institute focuses on promoting public service and civic engagement among young people.
Public Speaker and Author: After leaving government, Panetta has been active in public speaking and has authored a memoir titled Worthy Fights, reflecting on his experiences in leadership.
Panetta’s career is marked by a commitment to public service, fiscal responsibility, and advocacy for civil rights, making him a significant figure in American politics over the past several decades.
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Leon E. Panetta Assets, Cars, Houses
The search results do not provide specific information about Leon E. Panetta’s assets, cars, or houses. However, it is known that he resides on a family walnut ranch in California.
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