Five Wealthiest Senators Worth At Least $500 Million Combined
Top Five Wealthiest Are All Baby Boomer-Aged (or Older), White Men...
Scott, Romney, Blumenthal, Warner & Ricketts
Although they sound like a law firm, these five names belong to the wealthiest U.S. senators based on Hunter’s Political Wealth Index review of their official financial disclosure reports.
Combined, they account for nearly 63% of the entire Senate’s total minimum net worth. The wealthiest senator, Florida Republican Rick Scott alone accounts for 26% of that total.
They’ve acquired their vast portfolios from a variety of ways — both traditional and entertaining — from inheriting family financial brokerage money, marrying into family New York City real estate money, profiting from leading a company that committed Medicare fraud, building a telecommunications empire surrounding cellular licenses and launching a private equity firm with help from offshore and foreign investments. You know, basically the same way anyone in the United States amasses their wealth.
Only two of them, Romney and Ricketts reported any liabilities at all — worth a combined minimum of $4.82 million. Most of those liabilities ($4.5 million worth) are held by Ann Romney as on demand capital commitments for investments in her trust.
You can access each senator’s profile as a paid member (or with a free trial) to dive into how each one amassed their fortune and understand their largest assets and portfolios.
Rick Scott, R-Florida
Mitt Romney, R-Utah
Richard Blumenthal, D-Connecticut
Mark R. Warner, D-Virginia
Pete Ricketts, R-Nebraska
However, it wouldn’t be fair to pick on just the wealthiest of the Senate, so the Index currently covers all sitting U.S. senators.
Compare all senators against each other’s net worth and see where your favorite members rank.
In the coming editions, we will publish more Political Piggy Bank profiles on other senators as well as comprehensive reports diving into the chamber as a whole: what senators reported offshore accounts, who’s invested in pharmaceutical companies, who still has bitcoin assets, etc.
Tell us what coverage you’d like to see next by commenting on this post.
Subscribe to get every edition delivered directly to you!
Pulled themselves up by their bootstraps :)