Colin Powell Net Worth 2021: Income, Salary, Career, Bio

Colin Powell was an American statesman and a retired four-star general in the United States Army who died on October 18, 2021. He was well known for being a politician, statesman, soldier, and diplomat. He was born in 1937 in the Harlem neighborhood of Manhattan, New York, and his current net worth was $60 million. His parents were of mixed African and Scottish descent. Colin was brought up in South Bronx. He did great in his career and brought a lot of applause and laurels to his name and army.

Colin Powell Net Worth

Full Name:Colin Powell
Net Worth:$60 Million
Country:United States
Born:April 5, 1937
Salary:$2 Million
Last Updated:2021

Colin Powell Net Worth Growth

Net Worth in 2021$60 Million
Net Worth in 2020$55 Million
Net Worth in 2019$55 Million
Net Worth in 2018$55 Million
Net Worth in 2017$55 Million



When Powell was in college he joined the Reserved Officers Training Corps and he even earned a commission as an Army Second Lieutenant. Just after that, he was assigned to the 48th Infantry as a platoon leader in West Germany. He even did a tour in Vietnam as a South Vietnamese advisor from 1962-1963. In 1968, he served as assistant chief of staff of operations for the 23rd Infantry division. He even received the Soldier’s Medal for bravery after he survived the helicopter crash and also rescued three other people from the wreckage.

After these tours, when Colin returned to the US, then he enrolled himself in George Washington University from which he graduated with an MBA in 1971. He even served the White House Fellowship from 1972 to 1973. He even attended the National War College in Washington from 1975 to 1976. He even served at Fort Carson, Colorado, and then became a senior military assistant to Secretary of Defence Caspar Weinberger. He even served as the United States Deputy National Advisor in 1987. Powell had his last military assignment from 1989 to 1993. And in that, he served as the 12th Chairman of the Joint Chiefs of Staff. He became the first African-American and the youngest officer to serve in that position.

Powell resigned from his position in 1993. He even founded America’s Promise Alliance that became the country’s biggest cross-sector alliance of non-profit organizations. He even established the Colin L. Powell Center for Leadership and Service at the City College of New York. In 2001, he was unanimously confirmed by the United States Senate as the 65th Secretary of State. He joined the Silicon Valley venture in 2005 after he retired from the military. Powell was always vocal about his distaste for the Republican Party.

Personal Life

Colin was born to Maud and Luther and brought up in South Bronx. He attended Morris High School and worked at a local store selling baby furniture. He graduated in 1958 with a Bachelor of Science in Geology from City College of New York. He started his army career while being in college. He married audiologist Alma Johnson in 1962. The duo had three children together named Linda, Annemarie, and Michael. His son Michael served as the chairman of the Federal Communications Commission from 2001 to 2005.

Due to his great hard work and dedication in his career he had received various honors. He got myriad US and foreign military honors. He even won civilian awards that include the Congressional Gold Medal, President Medal of Freedom, Presidential Citizens Medal, and Secretary of Energy Distinguished Service Medal. Powell even had some of the prestigious degrees from some of the renowned universities and colleges. He was one of the great militants who had shown his bravery and dedication in various instances. And all due to this he was able to manage a great number of awards and recognitions throughout his career. Even after his retirement, he had done a lot for the betterment of society.

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Net Worth$60 Million
NameAlma Powell
Height(6ft 1in)
Weight75 KG (Approx)
Date Of BirthApril 5, 1937
BirthplaceUnited States
Income$2 Million
SpouseAlma Johnson

Wealth Dependency

The major wealth dependency of Colin Powell was the military career that helped him to achieve a lot in his life. Besides that after retiring from the army in the early 1990s, he had earned a fortune thanks primarily for his speaking engagements. He even earned $7 million in 2000 from his 109 speaking engagements. He even got an advance of $6 million in 1995 for his autobiography “My American Journey”. All this has contributed a lot to his overall wealth making him even a might person even when he died.


He had worked very hard to achieve all that throughout his life. He died on October 18, 2021, and left the world for a heavenly abode. Throughout his life, he had worked towards the betterment of society and even get various appreciations and recognitions. He was a true patriotic person who knew how to stay connected with his roots and help the country flourish.

At the time of his death, Colin Powell had an estimated net worth of $60 million.

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