These Are The 50 Richest Politicians In The United States

McLeod Brown
by McLeod Brown
Study - 5 months ago
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Being a politician can be stressful. After all, you’re holding the wants and needs of a group of people with the flick of your pen.

But if you work hard enough and get to the tippy-top levels of the political world, you’ll be loved by everyone and supported to no end!

Just kidding. No you won’t. But you will probably be very rich!

As topics such as income inequality and the effect new tax cuts will have on different groups continue to barrage the news, we wanted to see just how rich the wealthiest politicians really are.

Very rich. Very rich was the answer we were left with.

Summary of findings

  • Donald Trump is the richest politician in the U.S. with a net worth of $1.34 billion
  • The average politician’s net worth was $9.79 million in 2015
  • Collectively, politicians in the Senate, House, Executive, and Judicial branches had a net worth of $5.72 billion
  • California has the most politicians on the list with five
  • Georgia, New York, and Tennessee all have four
  • Only eight women appeared on the list of 50 richest politicians
  • More shockingly – there are no people of color on the top 50 list


How we did it

Using data provided by the Center for Responsive Politics, we’re able to see which politicians had the highest net worth in 2015. We then combed through each politician to verify they were still in office before adding them to the list.

The Center for Responsive Politics captured the data by accessing personal financial disclosure forms covering 2004 to 2016. The valuation for each person’s assets is as of the last day of the year covered by the report.

To calculate the net worth, the maximum debt figure was subtracted from the minimum asset figure. Then the minimum debt figure was subtracted from the maximum asset figure. The average between the two was used to rank the politicians.

Some housekeeping items: personal residences that do not produce income are not included in the study. Same goes for retirement accounts from employment with the federal government (those can be quite large).

More info


Takeaways

  • Mark Warner is by far the richest senator with a net worth of nearly $240 million
  • Seven states had both senators appear on the top 30 list
  • Georgia senators David Perdue and Johnny Isakson, both inside the top 11 richest senators, have a combined net worth of $55 million
  • Debbie Stabenow (D-Mich) ranked last in net worth for senators with $32,500


Takeaways

  • The top 30 house representatives have a combined net worth of $2.2 billion
  • The top six alone have a combined net worth of $1.27 billion
  • Only five women appeared on the top 30 list
  • David Valadao (R-Calif) actually had a negative net worth to rank last for representatives at -$24.4 million
  • In all, 34 representatives were found to have negative net worths in the study