Earlier today, New York Attorney General Letitia James filed a lawsuit to dissolve the NRA amid allegations the organization violated nonprofit laws by hijacking tens of millions of dollars to executives, executive parents and other close associates. The lawsuit alleges that longtime NRA leader Wayne LaPierre and three senior executives “instituted a culture of self-dealing, mismanagement and negligent oversight,” while failing to properly manage the finances of the organization. LaPierre reportedly used $ 3.6 million in NRA money over two years for unnecessary travel costs. He also allegedly used NRA funds to pay for private jet flights for himself and his family members. Some of the flights he was on, some not. For example, he allegedly used NRA funds to pay for 8 return flights to the Bahamas, which would cost the organization $ 500,000. According to the Wall Street Journal, LaPierre used NRA funds to transport his family members across the country on private jets. For example, in 2017 he allegedly used NRA funds to pay for a jet that would deviate 500 miles from its route to pick up Wayne’s niece’s daughter in Nebraska en route to an event in Dallas. . He also reportedly awarded himself a $ 17 million post-employment contract without obtaining approval from the NRA’s board of directors.
[This is not going to be a political article. FYI – This will be a simple breakdown of Mr. LaPierre’s current net worth, salary and other forms of compensation since those questions have been searched a lot in the last few weeks.]
For those of you who don’t know, Wayne LaPierre is the Executive Vice President of the National Rifle Association, better known as the NRA.
Wayne LaPierre was born on November 8, 1949 in Schenectady, New York. His father worked as an accountant for General Electric. His family moved to Virginia when Wayne was 5 years old.
In Vietnam, Wayne came within inches of his editorial staff, but ultimately was not sent to war.
He attended Siena College undergraduate before earning a master’s degree in government and politics from Boston College.
He started working for the NRA in 1977. He was appointed Executive Vice President of the NRA in 1991, a position he still holds today. Through his leadership, he transformed the NRA from a relatively small organization to one of America’s most powerful lobby groups. In 2018, the NRA’s annual revenues exceeded $ 412 million, while expenses were $ 423 million.
This annual loss has been common for the NRA in recent years. In 2017, the organization spent $ 17 million more than it earned. In 2016, he lost $ 46 million, largely in an effort to bolster Donald Trump’s presidential campaign.
Salary: Wayne LaPierre’s NRA salary starts at $ 985,000 per year. In most years, he usually earns a bonus of around $ 150,000. Aside from base salary and bonuses, Wayne participates in the NRA Employee Pension Plan. In 2015, he grew old enough to receive a distribution of $ 3.7 million from his retirement account. So in that year he made a little over $ 5 million, but most years his salary is closer to $ 1 million.
Interestingly, Wayne is NOT the highest paid person in the NRA. That honor goes to Executive Director of General Operations Kayne B. Robinson, who earns just over $ 1 million in base salary each year.
Outside of his NRA compensation, LaPierre earns over $ 100,000 per year in commitment fees and book royalties. He is the author of the books Guns, Crime, and Freedom, Shooting Straight: Telling the Truth About Guns in America, Guns, Freedom, and Terrorism, The Global War on Your Guns, The Essential Second Amendment Guide, and America Disarmed: Inside the UN. and Obama’s plan to destroy the Second Amendment.
Net value: As of this writing, Wayne LaPierre’s net worth is $ 20 million.