Key Takeaways
- His entrepreneurial journey began in college when he managed a t-shirt business.
- Fallon is the president and CEO of Virtus Apparel.
- He has been the U.S. Representative for Texas’s 4th congressional district since 2021.
Pat Fallon, a politician, businessman, and philanthropist, has an estimated net worth of $1 million to $5 million as of December 2024.
Fallon’s wealth stems from his businesses, investments, and a remarkable political career.
Raised in a family of public school teachers in a rural setting, he developed a strong work ethic from an early age.
His entrepreneurial spirit emerged during college, where he managed a t-shirt business – a venture that laid the foundation for his later success.
He also served four years in the Air Force’s Reserve Officers Training Corps, earning the Air Force Achievement Medal, which not only enhanced his discipline but also financially supported his early ventures.
Pat Fallon is the president and CEO of Virtus Apparel, a company that creates military and patriotic-themed clothing.
Headquartered in Prosper, Texas, the company operates across a dozen national locations with about 100 employees.
Under Fallon’s leadership, the company has achieved great financial success while upholding its dedication to patriotism.
In this position, he makes an estimated $400,000 – $500,000 annually, showcasing his talent for leadership and strategic management.
Transitioning from business to politics, Fallon began his political journey in 2009 when he won a seat on the Frisco City Council.
A member of the Republican Party, he has served as the U.S. Representative for Texas’s 4th congressional district since 2021.
Prior to this, he represented the 106th district in the Texas House of Representatives from 2013 to 2019 and the 30th district in the Texas Senate from 2019 to 2021.
As a U.S. Congressman, he earns a significant salary supplemented by allowances and benefits. This income provides a stable foundation for his overall wealth while enabling him to focus on his legislative responsibilities.
Beyond his political earnings, Fallon has strategically built a diverse financial portfolio.
While details of his investment holdings remain private, his proactive management ensures steady growth and complements his business income.
In 2021, Pat Fallon faced scrutiny for violating the STOCK Act by failing to promptly disclose 93 stock trades valued between $7.8 million and $17.53 million.
Additionally, Fallon engages in public speaking, offering insights from his journey, which provides an additional income stream and establishes him as a thought leader.
He is also deeply committed to philanthropy. He actively supports organizations like the Boys & Girls Clubs of America and Dallas Baptist University, underscoring his dedication to improving lives and giving back to the community.
Pat Fallon’s net worth, fueled by his business ventures, political achievements, and smart investments, reflects his diverse approach to achieving success.
In Case You Didn’t Know
- Pat Fallon, born on December 19, 1967, in Pittsfield, Massachusetts, earned his bachelor’s degree in government and international relations from the University of Notre Dame.
- He shares two sons with his wife, Susan Kimberly Garner.
- On July 29, 2024, he was named one of seven Republican members on a bipartisan task force investigating the attempted assassination of Donald Trump.
