Rex Tillerson — Compensation & Financial Record
Rex Tillerson Position: Secretary of State (2017–2018); formerly CEO of ExxonMobil Party: R
Government Compensation Annual salary: $253,100 (Cabinet Level I) Total government salary earned: approximately $253,100 (14 months of service)
Retirement Tillerson served approximately 14 months as Secretary of State. Under FERS with less than 2 years of service he does not qualify for a federal pension. His ExxonMobil deferred compensation trust of $180,000,000 substantially exceeds any federal retirement benefit he would have been eligible for.
Financial Position Net worth at entry (2017): approximately $330,000,000 Components: 600,000+ ExxonMobil shares (approximately $54,000,000) plus deferred compensation trust of $180,000,000 Primary source: SF-278 nomination disclosure SF-278 PDF (Bloomberg hosted): https://www.bloomberg.com/graphics/2016-trump-cabinet/data/pdfs/Tillerson-Rex-W.-final278.pdf ExxonMobil SEC 8-K filing (January 4, 2017): Search SEC EDGAR at https://www.sec.gov/cgi-bin/browse-edgar - Company: "Exxon Mobil," Form: 8-K, Date: January 2017
ExxonMobil separation package: $180,000,000 placed in independent trust; $54,000,000 in shares sold; net reduction versus full retirement package: $7,000,000 Primary source: ExxonMobil 8-K (January 4, 2017) via SEC EDGAR (above) Forbes analysis: https://www.forbes.com/sites/danalexander/2017/01/04/secretary-of-state-appointee-rex-tillerson-reaches-180-million-severance
Net worth at exit (2018): approximately $330,000,000 Post-government income: No primary source document available. Tillerson has largely remained out of public life since 2018. Official disclosure requirements end upon departure from government service.
Post-Government Income No board appointments documented as of 2026. Speaking fees: No primary source document available. Book deal: None documented.
Campaign Finance No federal electoral campaigns filed.
Primary Sources
SF-278 PDF: https://www.bloomberg.com/graphics/2016-trump-cabinet/data/pdfs/Tillerson-Rex-W.-final278.pdf
SEC EDGAR (ExxonMobil 8-K): https://www.sec.gov/cgi-bin/browse-edgar
Forbes analysis: https://www.forbes.com/sites/danalexander/2017/01/04/secretary-of-state-appointee-rex-tillerson-reaches-180-million-severance
Time magazine tax deferral analysis: https://time.com/5197763/rex-tillerson-net-worth-tax-break/
Notes Tillerson's wealth was accumulated entirely prior to government service through his career at ExxonMobil, where he served as CEO from 2006 to 2017. His government tenure resulted in a net reduction of approximately $7,000,000 compared to his full ExxonMobil retirement package. Post-government income: No primary source document available. Official disclosure requirements end upon departure from government service.
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