Letitia James, the Attorney General of New York, has been making headlines with her involvement in high-profile legal battles, including the civil fraud trial against former US President Donald Trump and a lawsuit against National Rifle Association (NRA) leaders.
Beyond her legal career, James’s financial standing has become a subject of curiosity, with questions about her net worth and salary.
Letitia James’s Net Worth and Salary
Letitia James, the Attorney General of New York, boasts a net worth of $15 million.
Letitia James is currently at the forefront of two significant legal cases, one involving Donald Trump and the other targeting NRA leaders, including Wayne LaPierre. As of January 6, 2024, she is seeking over $370 million from Trump and his co-defendants in the civil fraud trial.
Apart from demanding financial penalties related to alleged illicit gains, James has accused the NRA leaders of breaching state and federal laws, orchestrating the improper diversion of millions of dollars into personal accounts.
“The conclusion that defendants intended to defraud when preparing and certifying Trump’s SFCs is inescapable,” states James, emphasizing her stance in the case against the former President.
What is Letitia James’ Salary?
Her annual income is a testament to her financial prowess, earning $4 million through marketing, entrepreneurship, and investments. Letitia James’s salary is reported to be $103,375, and she supplements her income with other sources, including $3.9 million from various avenues such as inheritance, a stock portfolio worth $2.6 million, and additional business income.
Online documents reveal the existence of multiple bank accounts associated with James’s name. She maintains a personal bank account with approximately $850,000 at Chase Bank and a remarkable $1.5 million in a Bank of America savings account, designated for business income, private donations, and gifts.
Letitia James owns a diverse range of properties across New York City. Notable among them is a luxurious $420,000 townhouse in Manhattan’s Tribeca, a $210,000 brownstone in Harlem, and an $850,000 duplex in the Bronx.
While some claim that these properties were acquired under unique circumstances at substantially below market value, James attributes her success to strategic dealings and in-depth knowledge of the real estate market.
Born on October 18, 1958, in Brooklyn, New York, Letitia James hails from Jamaican parents who immigrated to the United States. Raised in a working-class family, she attended public institutions throughout her childhood in Brooklyn.
After graduating from Hunter College in New York City with a bachelor’s degree in political science, James pursued law school at Howard University.
Her early career saw her working as a public defender for the Legal Aid Society, followed by a role as the first Assistant Attorney General in charge of the Brooklyn regional office under Eliot Spitzer’s administration.
James later served two terms on the New York City Council and, in 2013, became the first African American woman elected to the position of Public Advocate of New York City.
In summary, Letitia James’s journey from a working-class background to the Attorney General of New York reflects not only her legal acumen but also her financial success. With a net worth of $15 million and a multifaceted income stream, James continues to be a prominent figure in both legal and financial arenas.