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The Multi-Million Dollar Career: Deconstructing Philip Perry’s Net Worth As Liz Cheney’s High-Powered Husband

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As of late 2025, the financial profile of Philip Perry, the husband of former Congresswoman Liz Cheney, is a compelling study in Washington D.C.'s intersection of elite law and high-stakes politics. While his wife's political career and outspoken stance have kept her in the national spotlight, Perry has quietly built a formidable and highly lucrative career as a litigation partner at one of the world's most prestigious "Big Law" firms, Latham & Watkins. The secrecy surrounding partner compensation at such firms means an exact net worth is elusive, but a careful examination of his professional trajectory—including his estimated multi-million dollar annual salary—suggests a personal wealth significantly higher than commonly reported, placing his estimated net worth in the multi-million-dollar range, likely exceeding $10 million when factoring in long-term earnings and investments.

This article dives deep into the sources of Philip Perry’s wealth, moving beyond outdated estimates to analyze his current earning potential in 2024. His nearly two decades as a top-tier partner at a firm where the average partner compensation is well into seven figures, combined with a significant career in the George W. Bush administration, paints the picture of a highly successful and financially powerful figure whose contributions are a major component of the Cheney-Perry family's substantial combined net worth.

The Complete Profile: Philip Jonathan Perry Biography

Philip Jonathan Perry is a prominent American attorney known for his expertise in complex litigation, particularly in the areas of federal regulatory law, constitutional issues, and biotechnology. His career is a blend of high-powered private practice and significant government service, a common path for Washington’s elite legal minds.

  • Full Name: Philip Jonathan Perry
  • Date of Birth: October 16, 1964
  • Age (2025): 61
  • Place of Birth: San Diego County, California, U.S.
  • Spouse: Elizabeth Lynne "Liz" Cheney (m. 1993)
  • Children: Five (Kate, Elizabeth, Grace, Philip, and Richard)
  • Education:
    • Colorado College (B.A.)
    • Cornell Law School (J.D.)
  • Key Career Roles:
    • Litigation Partner, Latham & Watkins LLP (Current role, intermittently since 1993, partner since 2007)
    • Acting Associate Attorney General, U.S. Department of Justice (George W. Bush Administration)
    • General Counsel, Office of Management and Budget (OMB)
    • General Counsel, Department of Homeland Security (DHS)
  • Legal Specialization: Complex litigation, constitutional law, federal regulatory matters, and biotechnology issues.

The Engine of Wealth: Philip Perry’s Lucrative Career at Latham & Watkins

The primary driver of Philip Perry’s significant personal wealth is his long-standing position as a litigation partner at Latham & Watkins, one of the world's most profitable and largest law firms by revenue. The financial figures associated with this role provide the clearest insight into his true earning power.

Understanding "Big Law" Partner Compensation

Unlike publicly traded companies, private law firms like Latham & Watkins do not disclose individual partner salaries. However, industry averages and reports offer a clear picture of the firm's financial scale. In 2024, the average compensation for all partners at Latham & Watkins was reported to have increased to approximately $1.48 million. This figure represents the average, meaning a high-billing, long-tenured litigation partner like Perry would likely earn significantly more.

Perry has been a partner at the firm since 2007 and has been affiliated with the firm since 1993. Given his experience and his history of handling high-profile, complex litigation—including cases before the U.S. Court of Appeals and matters involving the FDA—he is considered a "rainmaker" who brings substantial revenue to the firm.

For a partner who has consistently earned seven figures annually for nearly two decades, a conservative estimate of his cumulative earnings from the firm alone would be in the tens of millions of dollars. This long-term, high-income stream is the foundation for his personal net worth.

The Impact of Government Service on Earning Potential

Perry's tenure in the George W. Bush administration, holding senior legal roles like Acting Associate Attorney General and General Counsel for the OMB and DHS, is not directly a source of wealth, but it is a major factor in his high private-practice salary. His experience at the highest levels of federal regulation and policy makes him an invaluable asset to corporate clients facing government scrutiny or complex regulatory issues. This unique blend of public and private sector experience allows him to command top-tier legal fees and maintain his status as an elite partner.

While some older reports estimate Philip Perry's net worth at a conservative $3.5 million, this figure fails to account for the sustained, high-level income of a modern "Big Law" partner. His current, more realistic net worth is therefore estimated to be well over $10 million, based on his continuous high-earning career and accumulated assets.

The Combined Financial Power of the Cheney-Perry Household

To fully grasp the financial standing of the family, it is necessary to consider the combined wealth of Philip Perry and Liz Cheney. Liz Cheney, an attorney and former U.S. Representative, has an estimated individual net worth of approximately $20 million. [cite: 10 in previous search]

The couple's combined wealth is derived from several significant sources:

  • Liz Cheney's Assets: Her wealth comes from her own legal career, her political roles, book deals (including a highly anticipated future memoir), and various board memberships or media contributions since leaving Congress. Her financial disclosure forms, while not requiring her to report her husband's partner income, revealed her own substantial assets. [cite: 19 in previous search]
  • Real Estate and Investments: As a high-net-worth couple in D.C. political circles, they own significant real estate holdings. Their financial portfolio is likely diversified across various investments, managed by top financial advisors, which further compounds their wealth over time.
  • The Unreported Income Factor: A key detail in the couple's financial profile is that Philip Perry's income as a partner at Latham & Watkins was not required to be publicly reported on Liz Cheney's congressional financial disclosures. [cite: 2, 19 in previous search] This lack of transparency, though legal, makes it difficult for the public to gauge his exact annual salary and therefore, the precise growth of his individual net worth. This fact alone suggests his earnings were substantial enough to be a major financial component of the household, even without public disclosure.

Considering Liz Cheney's $20 million net worth and Philip Perry’s estimated personal net worth of over $10 million, the combined financial power of the Cheney-Perry household is estimated to be in the range of $30 to $40 million. This places them firmly among the wealthiest and most influential couples in Washington, D.C., a testament to their successful careers in law and politics.

liz cheney husband net worth
liz cheney husband net worth

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