The Ethics in Government Act mandates that many federal elected officials publish an annual financial disclosure statement outlining their assets, investments, and business interests in an effort to promote transparency and avoid conflicts of interest. So, if you want to know about top senators Net Worth then this article is for you.
Among the people who are required to disclose this information are senators. Publicly accessible, their disclosures provide valuable insight into the financial standing of their filers.
Top 10 Senators Net Worth 2024
1. Senator Mitt Romney
Republican Romney was sworn in as Utah’s senator on January 3, 2019. His current term ends on January 3, 2025 In US history, he is the second person to serve as governor of multiple states and US senator.In 1984, he established the investment company Bain Capital.Currently, his net worth is around $250 million.His business endeavors account for the most of his riches. According to CapitalTrades, he has not reported any stock trades in the last three years.
2. Senator Mark Warner
It is estimated that the Democrat from Virginia is worth $215 million.In 2008 and 2014, he was elected to the US Senate twice. He is the creator of Columbia Capital, which made early investments in Nextel Communications and XM Satellite Radio that proved to be profitable. His current committee appointments are to the Banking, Housing and Urban Affairs, Budget, Finance, Rules and Administration, and Sitting on the Committee.He is a member of the Intelligence Select Committee in addition.
3. Senator Rick Scott
A Floridian Republican, Scott was elected to the Senate in 2018, which ended on January 3, 2025. His net worth is approximately $220 million. He sits on the Armed Services, Budget, Commerce/Science/Transportation, Homeland Security, and Government Affairs committees. He is the co-owner of the Texas Rangers baseball team.
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4. Senator Dianne Feinstein
At $88 million in net worth, the California Democrat is among CapitolTrades’ most active traders.In 2021, Feinstein came under question about an unreported trade by her husband. He later said he was willing to pay a penalty relevant to the transaction.Among other lawmakers in 2020, Feinstein was also investigated over whether she traded on inside information. He denied the allegations.
5. Senator Richard Blumenthal
Blumenthal, a Democrat from Connecticut who was elected to the Senate in 2010, is worth $82 million.He was re-elected in 2016, term ending January 3, 2023. He has traded mostly in REITs, but his portfolio also includes private equity funds. His last reported businesses were 3G Radar Private Fund and Olo Inc. (NYSE:OLO). Most of his business is done by his wife.
6. Senator James E. Rish
A Republican Party member from Idaho, Risch has a net worth of $42 million. At the age of 27, he started politics in 1970, and he took office in 2009.
7. Senator John Hoven
With a net worth of about $47 million, Hoven, a Republican, hails from North Dakota.He is a member of the Appropriations, Agriculture, Energy and Natural Resources, and Indian Affairs Committees. His sole business in 2021 was the sale of non-public equity in Northwest Respiratory Services LLC. Trade values ranged from $5M to $25M.
8. Senator Ron Johnson
His prior career as a businessman before venturing into politics is responsible for his impressive $39 million net worth.This table from CapitolTrades.com lists and details Senator Johnson’s businesses.Senator Mitch McConnell
9. Senator Mitch McConnell
He is a Republican from Kentucky who was elected to the Senate in 1984. He is worth $34 million in total. Addison Mitchell McConnell, his father, is the main source of his riches.He is also a 1967 batch law graduate from the University of Kentucky.
10. Senator Rob Portman
The Ohio Republican’s net worth is $10.8 million.He has not reported a business since 2018. He owns a significant portion of Lebanon House Inc., which in turn owns the Golden Lamb, a restaurant/hotel in Ohio that has hosted many political guests since 1803.
Conclusion
As of the 118th Congress in 2024, we examined the list of the Top 10 senators Net Worths. A US senator has an annual salary of $174,000, but it is common for politicians to have other financial assets. Most politicians often trade in stocks and come from business or law backgrounds.
