Peter Navarro Net Worth

Written by Ivana - Reviewed by Emilija Public Figures

8 min read
Net Worth $ 7,000,000
Real name Peter Kent Navarro
Source of Wealth Book authorship and White House government official positions
Profession Author, professor emeritus of economics, former Assistant to President Trump, former national Defense Production Act policy coordinator, former Director of the White House National Trade Council, former Director of Trade and Manufacturing Policy
Spouse/Partner Married to Leslie Lebon
Date of Birth Jul 15, 1949
Zodiac Cancer
Age 73
Gender Male
Pronoun He/Him
Height 175 cm / 5 ft 8 inch
Nationality American
Siblings One brother

Biography

Peter Kent Navarro is an American author, professor emeritus of economics, political candidate and White House Advisor. He came to the limelight serving in the Trump administration in three roles: Assistant to the President, Director of the Office of Trade and Manufacturing Policy, and National Defense Production Act policy coordinator. [1]

Navarro is also known for his fierce criticism of China’s and Germany’s economic policies and their currency, which he delivers in his best-seller book “Death by China.” He has also authored 15 other books, including his doctorate thesis, “The Policy Game: How Special Interests and Ideologues are Stealing America,” in which he discusses workers’ compensation and how to help people that have lost their jobs to foreign competition.

Navarro was vocal in his views against the North American Free Trade Agreement (NAFTA) and Trans-Pacific Partnership Agreement.

He was one of the first White House officials who warned the administration about the catastrophic impact of the COVID-19 virus even before it grew into a pandemic.[2]

Currently, he is the Professor Emeritus of Economics and Public Policy at the Paul Merage School of Business, University of California, Irvine. His net worth is estimated at $7 million.

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Early life

Navarro was born in Cambridge, Massachusetts, on July 15, 1949, to his father, Albert "Al" Navarro, a saxophonist and clarinetist, and his mother, Evelyn Littlejohn, a secretary in Saks Fifth Avenue. His parents divorced when he was 9-10, and he moved to Bethesda, Maryland, with his mother and brother to a one-bedroom apartment.

He graduated from Tufts University in 1972 with a Bachelor of Arts degree. He got his Master's degree in Public Administration at Harvard University's John F. Kennedy School of Government in 1979 and earned a Ph.D. in Economics from Harvard.

Navarro also spent three years in Thailand with the U.S. Peace Corps.

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Academic career

Navarro began his career as a research associate at the Energy and Environmental Policy Center at Harvard in 1981. He held teaching positions at the University of California and the University of San Diego before joining the University of California, Irvine, where he served as a professor of economics and public policy for 20 years.

He has dedicated his academic career to energy issues. Navarro has written publications on economics, specifically on issues of balance of trade.

Navarro has written extensively on China’s unfair trade practices and currency manipulation. For example, in “The Coming China Wars,” he discusses how China creates global issues with energy, the environment, natural resources, and intellectual property.

In his best-seller “Death by China,” Navarro criticizes China for unfairly keeping its currency cheap and requesting American companies to relinquish intellectual rights if they're going to enter the market. He also points out that Chinese currency manipulation and illegal export subsidies make it impossible for American companies to compete with Chinese companies.

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Political career

Peter Navarro tried to get into politics by running for office in San Diego five times, including for mayor, city council, and San Diego County board of supervisors, but lost each time.

His political views have been much disputed and were considered across the spectrum. He first registered as a Democrat while living in Massachusetts but then registered as nonpartisan when he moved to California. Eventually, he became registered as a Republican in 1989.

Before joining the Trump administration in 2016, Navarro supported Hillary Clinton’s presidential campaign and Barack Obama’s policies for adopting wind energy and carbon taxes.

At the beginning of Trump’s presidential campaign, Navarro still considered himself a Democrat, but in 2018 he re-registered as a Republican.

Trump Administration

Navarro started serving as an adviser on economic issues during Donald Trump's 2016 presidential campaign.

His views in his book “The Coming China Wars” caught the attention of and appealed to then-candidate Trump, which helped him get a position in the Trump administration. He was a proponent of an isolationist and protectionist US foreign policy.

He considered trade a national security risk and that foreign companies buying American companies was a national security threat.

Navarro had a key influence on the Trump stance on the trade war with China and the forming of The United States-Mexico-Canada Agreement, also known as USMCA.

Trump praised Navarro’s views and called him a visionary economist who would “develop trade policies that shrink our trade deficit, expand our growth, and help stop the exodus of jobs from our shores,” states Reuters.[3]

Expectedly, Navarro’s extreme views on the economy and trade put him at odds with other economists and Trump advisors who advocated for free trade. Other economists considered his theories 'fringe' as they were far outside the mainstream economic views.

Then-President-elect Trump appointed Navarro to the newly-formed position of Director of the White House National Trade Council in December 2016.

In 2017, Navarro also became Director of the White House National Trade Council. In his two positions, he largely influenced US trade policy.

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The China-United States trade war

In 2018, Trump implemented rigid tariffs on 1300+ goods imported from China, such as solar panels, washing machines, flat-screen televisions, weapons, satellites, medical devices, aircraft parts, and batteries, starting the China–United States trade war.[4]

Despite Navarro’s confidence that no country would dare to retaliate against US tariffs, China retaliated by imposing a 25% and 15% tariff on goods imported from the US like cars, aluminum, airplanes, cars, pork, soybeans, fruit, nuts, and steel piping.

China filed a complaint with the World Trade Organization (WTO), saying that Trump’s tariffs violate WTO’s rules.

The China-United States trade war had a far-reaching impact on the countries' economies, including Germany, Canada, Britain, Japan, and South Korea. The European Union also retaliated against Trump’s policy by imposing tariffs on classic American products like jeans, bourbon, motorcycles, corn, and steel.[5]

Navarro believed that when a country imports more goods than it exports, it reduces its growth and creates a trade deficit. According to him, US trade policy would contribute to reducing the trade deficit and increasing growth.

However, it proved that the trade war was a total failure by the end of Trump’s presidency. The tariffs are still in place in Biden’s presidency.

2020 Elections conspiracy and indictment

Peter Navarro played a key part in overturning the results of the 2020 Presidential Elections. He frequently appeared on media outlets spreading conspiracy theories about electoral fraud.

Navarro also created a report containing allegations about electoral fraud, which has been dismissed by the court and debunked by the Election Security Task Force.

In February 2022, Navarro was subpoenaed by the House Select Committee to testify about the events of the January 6 Attack, but he declined the subpoena and refused to testify.

In June 2022, he was indicted by a grand jury on two counts of contempt of Congress: for refusing to comply with a subpoena for testimony and refusing to comply with a subpoena to produce documents.

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Personal life

Peter Navarro married Leslie Lebon in 2001. They lived in Laguna Beach with Lebon’s son from a previous marriage. However, she filed for a divorce in 2018, which was finalized in December 2020.

Conclusion

Peter Navarro is an economist, professor of economy, author, and former White House Advisor who was part of the Trump administration. He served as a Director of the White House National Trade Council and Director of Trade and Manufacturing Policy.

He had a key role in creating the Trump administration's trade policy and the China-US trade war. Navarro was notorious for spreading discredited conspiracy theories about the 2020 Presidential Elections.

His net worth is estimated at $7 million.

References

  1. Peter Navarro (2022) Wikipedia. Wikimedia Foundation. Available at: https://en.wikipedia.org/wiki/Peter_Navarro (Accessed: December 16, 2022).

  2. Lam, P. (2022) Who is Peter Navarro?, Investopedia. Investopedia. Available at: https://www.investopedia.com/articles/insights/012717/peter-navarro.asp (Accessed: December 16, 2022). 

  3. Beech, E. (2016) Trump Picks 'Death by China' Author for Trade Advisory Role, Reuters. Thomson Reuters. Available at: https://www.reuters.com/article/us-usa-trump-navarro/trump-picks-death-by-china-author-for-trade-advisory-role-idUSKBN14A27N (Accessed: December 16, 2022).

  4. China–United States Trade War (2022) Wikipedia. Wikimedia Foundation. Available at: https://en.wikipedia.org/wiki/China%E2%80%93United_States_trade_war (Accessed: December 16, 2022). 

  5. Bryan, B. (no date) Europe is Retaliating Against Trump's Tariffs by Targeting Classic American Products like Blue Jeans and Bourbon, Business Insider. Business Insider. Available at: https://www.businessinsider.com/trump-tariffs-european-union-targeting-bourbon-jeans-motorcycles-2018-3 (Accessed: December 16, 2022).