In order to get rich in Washington, usually you have to get out of government. Just ask Joe Biden’s secretaries of State, Defense, Treasury, Agriculture and Homeland Security—who all left their official posts around the time Trump took over and made millions out of office, giving speeches, joining corporate boards and otherwise cashing in on D.C.’s revolving door. The Biden cabinet member who might be the wealthiest, however, stayed in government the whole time.
Attorney General Merrick Garland is worth an estimated $20 million, tied with Janet Yellen at the top of our tally of Biden’s richest cabinet secretaries. How did Garland, who earned a salary of $141,000 to $230,000 every year from 1997 to 2020 as a federal judge, get so wealthy? Forbes set out to unravel that mystery, finding that Garland and his wife inherited plenty of money.
The story starts on a chilly September evening in 1987, when Garland married Lynn Rosenman at the Harvard Club in New York City, a building featuring wooden walls adorned with portraits and, in one place, a giant elephant head. The setting suited Garland, a graduate of both Harvard College and Harvard Law School, as well as the family he was joining. His bride, a fellow Harvard grad, worked as a staff assistant at a government contractor. Her father, also a graduate of Harvard College and Harvard Law School, made his living as an attorney at Cravath, Swaine & Moore. Her grandfather was a well-known New York lawyer, who served on the...
Read Full Story: https://www.forbes.com/sites/danalexander/2021/08/06/how-attorney-general-merrick-garland-amassed-a-20-million-fortune/
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