Asa Hutchinson is a well-known American politician, lawyer, and businessman who served as the 46th Governor of Arkansas from 2015 to 2023. He has had a long and successful career in the public and private sectors, and his net worth has been a topic of interest for many people.
According to various sources, Asa Hutchinson’s net worth is estimated to be around $5 million. While this may not be as high as some other politicians or celebrities, it is still a significant amount of wealth. Hutchinson’s income sources include his successful career as a politician, lawyer, and businessman.
Asa Hutchinson’s net worth has been growing significantly in recent years, thanks in part to his successful political career. He has also been involved in various business ventures and has served on the boards of several companies. Despite his wealth, Hutchinson has remained committed to public service and has worked tirelessly to improve the lives of the people of Arkansas and the United States as a whole.
Early Life and Career
Asa Hutchinson was born on December 3, 1950, in Bentonville, Arkansas, to Coral Virginia (Mount) Hutchinson and John Malcolm Hutchinson Sr. He grew up in Bentonville and attended Springdale High School. After graduating from high school in 1968, he attended Bob Jones University, a conservative Christian college in Greenville, South Carolina, where he earned a Bachelor of Arts degree in 1972.
After college, Hutchinson worked as a radio talk show host and a small business owner before attending law school at the University of Arkansas. He earned a Juris Doctor degree in 1975 and began his legal career as a clerk for Judge Paul X Williams of the Western District of Arkansas.
Hutchinson later worked as a private practice attorney and served as a United States Attorney for the Western District of Arkansas from 1982 to 1985. He was appointed by President Ronald Reagan and confirmed by the United States Senate. During his tenure, he prosecuted a number of high-profile cases, including drug trafficking and organized crime.
In 1996, Hutchinson was elected to the United States House of Representatives, where he served until 2001. He was re-elected four times and served on several committees, including the Judiciary Committee and the Committee on Homeland Security. In 2001, President George W. Bush appointed Hutchinson as the Administrator of the Drug Enforcement Administration (DEA). He served in that role until 2003, when he was appointed as the first Under Secretary for Border and Transportation Security at the Department of Homeland Security.
Political Career
Asa Hutchinson’s political career spans over several decades. In 1982, he was elected to the U.S. House of Representatives from Arkansas’s 3rd congressional district. He served in this position until 1997 when he resigned to become the Administrator of the Drug Enforcement Administration (DEA) under President Bill Clinton.
After leaving the DEA in 2001, Hutchinson served as the Undersecretary for Border and Transportation Security at the Department of Homeland Security. In 2006, he ran for governor of Arkansas but lost to Democrat Mike Beebe.
However, Hutchinson did not give up on his political aspirations. In 2014, he ran for governor again, and this time he won the election. He took office in January 2015 and served until January 2023.
As governor, Hutchinson focused on issues such as education, healthcare, and economic development. He also signed into law several controversial bills, including a bill banning abortion after 18 weeks of pregnancy and a bill allowing guns to be carried on college campuses.
In addition to his role as governor, Hutchinson also served on several national committees, including the National Governors Association and the Council of Governors. He was also a member of the Republican Governors Association.
Asa Hutchinson’s Net Worth
Asa Hutchinson is a well-known politician, lawyer, and businessman from the United States. He has served in various public offices, including the United States House of Representatives, the Drug Enforcement Administration, and as the Governor of Arkansas.
According to several sources, Asa Hutchinson’s net worth is estimated to be between $250,000 and $5 million. His primary source of income is his career in politics, but he has also invested in various businesses over the years.
Asa Hutchinson founded a consulting firm in early 2005, which has helped him increase his net worth significantly. Later in June 2006, he invested in Fortress America Acquisition corporation, which is a publicly-traded company that focuses on acquiring businesses in the defense and aerospace industries.
Asa Hutchinson’s wife is also active on social media, and the couple frequently shares their personal and professional lives with their followers. They have been married for several years and have several children together.
Sources of Income
Asa Hutchinson’s net worth is estimated to be around $5 million, according to various sources. He has accumulated his wealth through a variety of sources.
Before entering politics, Hutchinson worked as a lawyer and served as a United States Attorney for the Western District of Arkansas. He also worked as an executive for several companies, including Varsity Auto Parts and the Corrections Corporation of America.
After entering politics, Hutchinson served as a member of the United States House of Representatives from 1997 to 2001. He was then appointed as the Administrator of the Drug Enforcement Administration (DEA) by President George W. Bush from 2001 to 2003. In 2006, Hutchinson founded a consulting firm and also invested in the Fortress America Acquisition Corporation.
Since 2015, Hutchinson has been serving as the Governor of Arkansas. According to OpenSecrets, his campaign committee received more than $9 million in contributions during the 2018 election cycle.
Aside from his political career, Hutchinson also serves on the board of directors for several companies, including the Centene Corporation and the Southern Bancorp.
Overall, Hutchinson’s net worth is the result of his successful career in law, business, and politics, as well as his investments and board memberships.
Assets and Properties
Asa Hutchinson’s net worth is estimated to be around $5 million as of 2023. He has accumulated his wealth through his successful career as a politician, lawyer, and businessman.
Hutchinson owns several properties, including a house in Rogers, Arkansas, which he purchased for $600,000 in 2014. The house is located on a 3.5-acre land and has a swimming pool and a tennis court. He also owns a condominium in Little Rock, Arkansas, which he purchased in 2015 for $250,000. The condominium has two bedrooms and two bathrooms and is located in the River Market District.
In addition to his properties, Hutchinson also has several investments. He has stock in several companies, including Walmart, Tyson Foods, and J.B. Hunt Transport Services. He also has investments in mutual funds, such as the Vanguard 500 Index Fund and the T. Rowe Price Equity Income Fund.
According to Hutchinson’s financial disclosure statement, he has several bank accounts with a total value of $1.5 million. He also has retirement accounts with a total value of $1.2 million and a life insurance policy worth $500,000.
Philanthropic Activities
Asa Hutchinson and his wife Susan have been involved in various philanthropic activities throughout their lives. Susan has worked as a philanthropist for many years, and Asa has been supportive of her endeavors. They have donated to many charities and organizations, including the Arkansas Children’s Hospital, the Arkansas Foodbank, and the Susan G. Komen Foundation.
In addition to donating money, Asa and Susan have also given their time and expertise to various causes. Asa has served on the board of directors for the Arkansas Children’s Hospital, and Susan has been involved with the Junior League of Little Rock and the Women’s Foundation of Arkansas. They have also been active in their church and have volunteered with various community organizations.
Asa has also been involved in efforts to improve education in Arkansas. He has supported initiatives to increase funding for schools and improve teacher pay. Asa has also been a strong advocate for expanding access to pre-K programs, which he believes are critical for giving children a strong foundation for success in school.
Overall, Asa and Susan Hutchinson have been committed to giving back to their community and making a positive impact on the lives of others. Through their philanthropic activities, they have demonstrated a strong commitment to improving the quality of life in Arkansas and beyond.
Controversies and Criticisms
Asa Hutchinson has faced criticism and controversy throughout his career as a politician.
One of the most notable controversies occurred in 2018 when a bribery scandal involving Preferred Family Healthcare, a company that had received millions of dollars in Medicaid funds from the state, was uncovered. Governor Hutchinson and his Department of Human Services were criticized for their silence and lack of action in response to the scandal.
In addition, Hutchinson has faced criticism for his stance on various issues, including his opposition to same-sex marriage and his support for the death penalty. Some have also criticized his handling of the COVID-19 pandemic in Arkansas, particularly his decision to lift the state’s mask mandate in March 2021.
Furthermore, Hutchinson’s net worth has also been a source of controversy. While some estimate his net worth to be around $5 million, others claim it to be much lower or higher. Some have criticized him for his wealth and connections to the business community, arguing that it creates conflicts of interest and undermines his ability to serve the interests of the people of Arkansas.
Despite these controversies and criticisms, Hutchinson has maintained a strong political career and continues to hold the position of Governor of Arkansas.
Conclusion
Asa Hutchinson has had a long and successful career in both politics and business, which has contributed to his estimated net worth of $5 million. He has served in various public offices, including as a U.S. Congressman, DEA Administrator, and Governor of Arkansas.
Aside from his political career, Hutchinson has also worked in the private sector, serving as the CEO of Varsity Contractors, a national facilities services company. He also founded The Hutchinson Group, a consulting firm that specializes in government relations, homeland security, and defense.
Throughout his career, Hutchinson has demonstrated a commitment to public service and leadership, which has earned him respect and recognition from his colleagues and constituents. His success in both politics and business is a testament to his dedication and hard work.
