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The Multi-Million Dollar Portfolio: Unpacking Liz Cheney's Husband Philip Perry's Net Worth And High-Stakes Legal Career

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The curiosity surrounding the financial standing of Washington D.C.'s most prominent political families is perpetual, and the wealth of Liz Cheney's husband, Philip Perry, is no exception. As of late 2025, Philip Perry, a highly respected and successful litigation partner at the prestigious law firm Latham & Watkins, maintains an estimated individual net worth in the multi-million dollar range, primarily anchored by his significant equity and earnings from his "Biglaw" career. This figure, while substantial, is only one part of the couple's overall financial portfolio, which has drawn intense public scrutiny due to their high-profile political and legal careers. The true picture of Philip Perry's wealth is best understood by examining his career trajectory, which has alternated seamlessly between high-level government service and lucrative private practice. His position at a top-tier law firm, coupled with his wife's own substantial earnings from her political career, book deals, and public speaking engagements, places the Cheney-Perry household firmly within the ranks of America’s influential and affluent elite.

Philip Perry: Biography, Career Highlights, and The Foundation of His Wealth

Philip Jonathan Perry is far more than just "Liz Cheney's husband"; he is a highly accomplished attorney and former political appointee with a distinguished career spanning decades. His professional success is the direct foundation of his personal net worth, estimated by various sources to be around \$3.5 million as of the most recent public data.

Full Name: Philip Jonathan Perry

Date of Birth: October 16, 1964

Age (as of late 2025): 61

Place of Birth: San Diego County, California

Spouse: Elizabeth "Liz" Lynne Cheney (m. 1993)

Children: 5 (Kate, Elizabeth, Grace, Richard, and Philip)

Education:

  • B.A. from Colorado College
  • J.D. from Cornell Law School

Key Career Roles:

  • Litigation Partner, Latham & Watkins LLP (Current Role): Specializes in high-stakes litigation, particularly in regulatory, appellate, and administrative law.
  • Acting Associate Attorney General, U.S. Department of Justice (George W. Bush Administration): A high-ranking political appointment.
  • General Counsel, Office of Management and Budget (George W. Bush Administration): Served as the chief legal advisor for the OMB.
  • General Counsel, U.S. Department of Homeland Security (Nomination): Nominated for the role, though he ultimately did not serve.
  • General Counsel, Senate Governmental Affairs Committee: Served as counsel during the committee's investigation into President Bill Clinton's fundraising in 1997.
Perry's career path is characteristic of a Washington D.C. insider who successfully leverages government experience into a highly lucrative private sector role. His work as a litigation partner at Latham & Watkins, one of the world's most profitable "Biglaw" firms, is the primary source of his wealth.

The Anatomy of a Biglaw Partner's Wealth: Deconstructing Philip Perry's Net Worth

To accurately gauge Philip Perry's net worth, one must look beyond simple salary estimates and focus on the structure of a major law firm partnership. Latham & Watkins is an AmLaw 100 firm, where equity partners—like Perry—can earn annual compensation well into the seven figures.

Equity Ownership: The Multi-Million Dollar Anchor

The most concrete public data regarding Philip Perry’s finances comes from his wife’s Personal Financial Disclosures (PFDs) filed during her time in Congress. These disclosures, which are mandatory for elected officials, offer a rare glimpse into the couple's assets. According to Liz Cheney's 2020 Personal Financial Disclosure, Philip Perry held an "equity ownership" stake in Latham & Watkins valued between \$1,000,001 and \$5,000,000. This equity ownership is the cornerstone of his estimated net worth. It represents his share of the firm's profits and assets, not just a yearly salary. The estimated \$3.5 million net worth widely reported is a reasonable figure that falls squarely within this publicly disclosed range, accounting for his firm equity, other investment assets, and personal property.

High-Stakes Litigation and Earnings Potential

As a litigation partner, Perry handles complex, high-stakes matters, often before the U.S. Supreme Court and various U.S. Courts of Appeals. This type of legal work commands premium billing rates, and a partner's compensation is directly tied to their ability to generate revenue for the firm. * Political Capital: Perry’s background as a former political appointee in the George W. Bush administration provides him with invaluable insight into the regulatory and administrative landscape, making him a highly sought-after lawyer for corporate clients facing federal scrutiny. * Annual Income: While specific partner compensation is private, it is widely known that equity partners at top-tier D.C. Biglaw firms can earn annual incomes—including salary and profit shares—ranging from \$1 million to over \$5 million, depending on their seniority and book of business. This sustained, high-level income over nearly two decades has allowed Perry to accumulate his multi-million dollar net worth.

The Combined Financial Power of Liz Cheney and Philip Perry

While Philip Perry’s net worth is substantial, the couple's combined wealth is significantly larger, largely driven by Liz Cheney's post-Congressional career success. The couple's total combined net worth is estimated to be in the tens of millions of dollars.

Liz Cheney's Financial Portfolio

Liz Cheney’s own financial success stems from multiple high-value revenue streams: 1. Congressional Salary and Investments: While her annual Congressional salary was \$174,000, her net worth was estimated by OpenSecrets to be nearly \$15 million as of 2018. 2. Book Deals and Public Speaking: Following her role on the January 6th Committee and her highly public departure from Congress, Cheney has become a major figure on the speaking circuit. Her 2023 memoir, *Oath and Honor: A Memoir and a Warning*, was a bestseller, commanding a significant advance and royalties. 3. Family Legacy: While Liz Cheney’s wealth is separate from her father, former Vice President Dick Cheney, the overall family fortune and financial infrastructure provide a backdrop of immense financial security. Dick Cheney’s net worth has been estimated to be around \$150 million, and while his assets are not directly Liz Cheney's, the family's long-standing wealth and connections play an indirect role in their financial stability and opportunities. Current estimates for Liz Cheney's net worth vary widely, from around \$10.4 million to as high as \$47 million, reflecting her recent success in publishing and public commentary.

A Powerful Washington Couple

The financial power of the Cheney-Perry household is a classic example of a "power couple" in the Washington D.C. ecosystem, where political influence and elite legal expertise intersect. Their combined wealth is a reflection of their respective success in the highest echelons of government and the private sector. Philip Perry’s steady, high-earning career as a Biglaw partner provides a consistent multi-million dollar foundation, while Liz Cheney's high-profile political and public career contributes significant, high-growth wealth. This dual income stream ensures their continued financial stability and influence for the foreseeable future.
liz cheney husband net worth
liz cheney husband net worth

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