4.6 • 12 Ratings
🗓️ 22 June 2025
⏱️ 5 minutes
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Noem, who often emphasizes her rough-and-tumble rural roots, can thank her husband’s insurance business for much of her money.
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0:00.0 | Here's your Forbes Daily Briefing, Bonus Story of the week. |
0:04.9 | Today on Forbes, How Rich is Homeland Security Secretary Christy Noam? |
0:11.4 | Christy Noem made headlines in April when a thief snatched her purse inside a Washington, D.C. restaurant |
0:16.8 | and made off with $3,000 in cash, prompting a question, exactly how much money does the Homeland |
0:22.9 | Security Secretary have? Forbes estimates about $5 million, this figure after analyzing property |
0:30.2 | records and financial filings. The root of the fortune begins 1,200 miles away from the |
0:36.1 | nation's capital, in eastern South Dakota, |
0:38.9 | where waves of grain fill the landscape and houses pop up every once in a while. |
0:43.9 | The family farm where Gnome grew up sits outside of Hazel, population 132, surrounded by cropland. |
0:51.5 | Her current home lies in Castlewood, population 698, on a 200-acre plot of ranchland. |
0:58.7 | And in the tiny town of Bryant, population 471, lies an unassuming, single-story office building |
1:05.7 | that serves as the key to the Gnome family's finances, housing her husband's Noam insurance, which has generated |
1:12.3 | $1.1 million in salary and profits for him over the past two years, selling insurance policies |
1:17.7 | on homes, cars, farms, and lives. Brian Noem, Christy's husband, purchased the agency from a South |
1:24.9 | Dakota bank in 2010. The cash flow seems to have taken off starting around 2015, |
1:30.3 | when, on Nome's disclosures filed while she served in Congress, |
1:33.3 | she reported that the income jumped from a range of $50,000 to $100,000 in 2014 |
1:39.3 | to $100,000 to $1 million the following year, never falling back again. |
1:45.0 | Today, Forbes estimates that if Brian were to sell his agency, he might get $2 million |
1:50.0 | for it after debt. |
1:52.0 | That makes it the single biggest chunk of the Trump Cabinet member's personal portfolio. |
1:57.0 | Other major assets include a car wash co-owned by Brian, their home and land, and an eclectic |
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