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Is Andrew McCabe’s Net Worth Really $11 Million?

Does the fired FBI official Andrew McCabe have a net worth of about $11 million? Apparently not. Here is the latest information.

Andrew McCabe was the Deputy Director of the Federal Bureau of Investigation (FBI) from February 1, 2016 – January 29, 2018. He apparently relinquished his post at the FBI in January, but reportedly used his accumulated leave to remain on the rolls as a federal employee until he could qualify for retirement when he turned 50.

McCabe turned 50 on March 18, 2018. He was fired on March 16, 2018 by Attorney General Jeff Sessions. Sessions stated in a press release that the FBI’s Office of Professional Responsibility and Office of Inspector General (OIG) had found McCabe made an unauthorized disclosure to the news media and “lacked candor — including under oath — on multiple occasions.”

In Federal Employee Retirement, Politics and Being Fired, FedSmith noted “He is an attorney with degrees from Duke University and Washington University at St. Louis with a net worth estimated to be about $11 million and an annual income of about $900,000 (according to several websites). Obviously, most of that income is not from his federal salary.”

Since that article was published, McCabe spokesperson Melissa Schwartz has been quoted as noting that the claim he has a net worth of $11 million is “absolutely not true.” The original source of the information, Finapp.co.in, has not responded to questions about the sources for its information and appears to be discredited.

Ms. Schwartz also sent out an announcement on Twitter that McCabe is now “crowdfunding” a legal defense fund “to defray the costs of responding to congressional inquiries and an inspector general investigation….”

The request for money for a legal defense fund at the last accounting on GoFundMe was $554,520 of the $250,000 goal. According to the post,

**This is the only official crowdfunding campaign for Andrew McCabe**

UPDATE: The response to this effort has been remarkable and beyond our expectations. Thank you to all who have lent your voices in support of Andrew and his family!

After having raised $554,520 from 13,272 people in 4 days, on April 2nd it was announced on the GoFundMe site that “the Andrew McCabe Legal Fund will cease accepting donations on GoFundMe. The funds generated will in the very near future be transferred to a more formal legal defense trust.”

No doubt, the saga of the former FBI official is not over and will be in the news for some time.

About the Author

Ralph Smith has several decades of experience working with federal human resources issues. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters on federal human resources. Follow Ralph on Twitter: @RalphSmith47