Kristi Noem made headlines last month when a thief snatched her purse inside a Washington, D.C., restaurant and made off with $3,000 in cash, prompting a question: Exactly how much money does the homeland security secretary have? About $5 million, Forbes estimates, after analyzing property records and financial filings.
The root of the fortune begins 1,200 miles away from the nation’s capital, in eastern South Dakota, where waves of grain fill the landscape and houses pop up every once in a while. The family farm where Noem grew up sits outside of Hazel (population: 132), surrounded by cropland. Her current home lies in Castlewood (population: 698) on a 200-acre plot of ranchland. And in the tiny town of Bryant (population: 471) lies an unassuming, single-story office building that serves as the key to the Noem family’s finances, housing her husband’s Noem Insurance, which has generated $1.1 million in salary and profits for him over the past two years selling insurance policies on homes, cars, farms and lives.
Read the full story on Forbes: https://www.forbes.com/sites/kylemullins/2025/05/31/how-rich-is-homeland-security-secretary-kristi-noem/
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