What is Steve Schmidt Net Worth in 2020? Here's What You Should Know

Learn about the net worth and earnings of the American communications and public affairs strategist Steve Schmidt.

Steve Schmidt is well-known communications and public affairs strategist. He has worked on Republican political campaigns, with some prominent politicians such as President George W. Bush, California Governor Arnold Schwarzenegger, and Arizona Senator John McCain.

Steve Schmidt renounced the Republican Party in June 2018, calling the party 'fully the party of Trump.' As of December 2020, he seems to be switching sides, as he recently revealed that he was registering as a member of the Democratic Party. Many people are eager to learn about his career journey and how he got from working for the Republican party to register as a Democrat. Many of them are also curious about his net worth, so we compiled the details on both of these topics below.

What is Steve Schmidt Net Worth in 2020?

There is no credible report available on the net worth and earnings of Steve Schmidt. But by analyzing his career over the years, we have come to a rough estimation of his fortunes. As of December 2020, Steve Schmidt holds an approximate net worth of $3 million.

Steve Schmidt holds an approximate net worth of $3 million, as of December 2020.
Source: Vanity Fair

Steve Schmidt was the senior campaign strategist and advisor to the 2008 presidential campaign of Senator John McCain. He pushed McCain to select Sarah Palin as his running mate, a choice which McCain came to regret. He was also a Vice-Chair at the public relations firm Edelman until he stepped down in July 2018.

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Steve Schmidt serves as a board member of the nonprofit research organization JUST Capital. He is on the board, along with Arianna Huffington, Deepak Chopra, and others. Additionally, he is a member of The Lincoln Project, a Super PAC organized by current and former Republican operatives opposed to the re-election of Donald Trump in 2020.

Steve Schmidt's Career Beginnings

Steve Schmidt began his career by managing the campaign for the Kentucky Attorney General of Will T. Scott but failed. Will was formerly a Justice of the Kentucky Supreme Court. In 1998, he helped California State Senator Tim Leslie in his campaign for the Lt. Governor of California, but it too ended in failure. In the years 1998 and 1999, he worked as Communications Director for California State Treasurer Matt Fong and Lamar Alexander.

Steve Schmidt began his career by managing the campaign for the Kentucky Attorney General of Will T. Scott.
Source: New York Magazine

In the late 2000s, Steve Schmidt became a communications director of the House Committee on Energy and Commerce. In 2001, he served as the spokesman of the National Republican Congressional Committee and was the Communications Director by 2002.

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Additionally, Steve Schmidt ran a re-election campaign for California Governor Arnold Schwarzenegger in 2006. In July of the same year, he was appointed full-time for the handling of every operation of John McCain's campaign for the 2008 presidential campaign. He was hired in response to concerns that the campaign lacked coordination and a clear message.

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