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Top 10 Richest Politicians In US
(RANKED 2023)

Richest Politicians FI


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Richest Politicians: With the influence of the United States of America around the world, you must be familiar with at least one American politician. You must be wondering about these politicians and their net worth , so join us as we take a look at the backgrounds of the richest politicians in the US!

Aside from their wealth and political backgrounds, let’s also take a glimpse at:

  • The sources of their wealth – inheritance, real estate, own companies, etc;
  • The reasons why they make their ways to the news;
  • Some interesting facts about them;
  • And a lot more…

The billionaire president, Donald Trump and the New York City  former mayor, Michael Bloomberg have already left their offices. Because of this, a few new politicians entered our list.

Without further ado, let’s take a look at the mix of senators, house members, or governors who made our list. Buckle up as we take a look at the richest American politicians and their net worth!

#1. Jay Robert Pritzker

Richest Politicians Jay Robert Pritzker

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Forbes estimated Jay Robert “J. B.” Pritzker’s net worth is around $3.6 billion, which makes him the richest politician in the US. He is also the only politician who surpassed the net worth of former president Donald Trump. Amazing, right?

Pritzker received a bachelor’s degree from Duke University. He got his Juris Doctor from Northwestern University School of Law. Before his current post, Pritzker had not held any elected office.

Campaigning with His Own Money

Jay Robert Pritzker was elected as the Governor of Illinois in November 2018. He defeated the Harvard University alumni and private equity investor, Bruce Rauner. Pritzker used $171.5 million of his own money in his campaign against the former governor. This surely paid off with the largest margin of victory in over a century.

Pritzker’s $3.5 Billion Net Worth

JB is a member of the family that owns the Hyatt hotel chain. On top of that, he is also a venture capitalist who owns private businesses based in Chicago. Also, he is a co-founder of the private equity firm Pritzker Group along with his brother. With their family business and his own endeavors, it’s no wonder he topped our list.

But wait, there’s more…

JB has a charitable foundation known for supporting nonprofits primarily in Chicago. One of which is Ounce of Prevention Fund, which provides early-childhood education.

Interestingly…

JB’s sister, Penny Pritzker who’s also a billionaire, also assumed a position in the government. She served as U.S. Commerce Secretary under President Obama from 2013 to early 2017. Seems like interest in politics runs in the family, right?

#2. Jim Justice

Jim Justice

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Net Worth $440 Million

West Virginia Gov. Jim Justice II went to Marshall University. During his undergrad days, he was the captain of the golf team.

Jim has a strong interest in nature and the outdoors. This inspired him to start the Justice Family Farms in 1977 in Monroe County, West Virginia. This later on grew into  a major agricultural enterprise.

He also joined his family’s business in 1976. He became president and CEO of Bluestone Industries, Inc. and Bluestone Coal Corporation following his father’s death in 1993. In addition, he was also the president and CEO of 102 companies before his election as a governor.

The most interesting part is…

Gov. Jim Justice had a net worth of around $1.7 billion in 2018. This net worth made him  one of the richest American politicians. Besides, he also happens to be the wealthiest person in West Virginia.

Unfortunately, this took a turn in 2019 when his net worth dwindled due to the decline of the coal industry. The Forbes wealth reporter, Hank Tucker also reported that the deterioration of Gov. Justice’s assets sped up in 2020 due to the global pandemic.

Now…

Greensill Capital  filed a lawsuit with Justice’s Bluestone Resources. In the said lawsuit, it was revealed that the governor has borrowed $850 million since 2019. This lowered the senator’s current net worth to around $440 million.

Because of this huge decline in Justice’s wealth, Pritzker is now the only billionaire governor in the US.

#3. Jared Polis 

Jared Polis 

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Net Worth $388 Million

The 43rd Governor of Colorado is one of the career politicians in this list. Gov. Jared Polis, who assumed office in 2019, has a  B.A. in Political Science from Princeton University. Before his long political career, he started several businesses. This included American Information Systems and ProFlowers.

Political Career

Jared first entered politics in 2000. At the time, he was elected to a six-year term on the Colorado State Board of Education. In 2008, he won the election to the U.S. House to represent Colorado’s 2nd Congressional District. Afterwards, he was re-elected to four subsequent terms.

Founding Several Companies after College

As an undergrad, Polis co-founded the American Information Systems (AIS) and bluemountain.com. AIS is an internet access provider. Bluemountain.com  is a free electronic greeting card website. It was sold to [email protected] in 1999 for $430 million in stock and $350 million in cash.

A few years after graduation, Polis founded ProFlowers. This is an online flower shop in La Jolla, California, which was later renamed as Provide Commerce, Inc.

You see…

With these endeavors, it’s no surprise that Polis was among its wealthiest members of the congress with his estimated net worth of $300 million.

Aside from joining our list, Jared Polis also made American history. He was the first openly gay man and second openly LGBT person elected as governor in the United States.

⭐⭐10 Richest Politicians In US ⭐⭐ Ranked By Net Worth✔ How They Made Their Fortune✔ Background & Bio✔ Top Take Aways✔ Fun Facts✔ Details✔ Lots More

#4. Greg Gianforte

Greg Gianforte

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Net Worth $315 Million

Greg Gianforte is the first of the house members on our list of richest American politicians.

Gregory Richard Gianforte or Greg Gianforte is the 25th Representative from Montana. Aside from this, he is also an American businessman and software engineer. He found a software company in the mid 1980s. He eventually sold it to McAfee Associates and made his whooping wealth.

The Billion Dollar Software Company, RightNow Technologies

Along with his wife Susan, Greg co-founded RightNow Technologies in 1997. It is a cloud-based customer relationship management software company. After a few years, the company went public in 2004. At the time, it was already employing over 1,000 workers and executives on several continents. In 2011,  Oracle Corporation acquired  RightNow Technologies for $1.5 billion.

After selling their company for that amount, it’s not surprising that Gianforte’s current net worth is around $315 million. This makes him the wealthiest politician in the house of representatives.

Greg Gianforte Philanthropy

Aside from his software companies, Gianforte also worked helping the community. He promoted job development in Montana through the Better Montana Jobs project. He also started a scholarship program for low-income students. Also, he pushed for veterans to receive training and work in the state.

#5. Michael McCaul 

Michael McCaul 

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Net Worth $294 Million

Michael Thomas McCaul Sr. or Michael McCaul is the U.S. Representative from Texas. He earned his Juris Doctor from St. Mary’s University. McCaul went into private practice and worked as an attorney and a federal prosecutor. He also served as the Chief of Counter Terrorism and National Security to the U.S. Attorney’s office in Texas before entering politics.

Here’s the deal…

McCaul’s massive net worth is largely due to large monetary transfers from his wife’s family. He’s married to Linda Mays McCaul, the daughter of Clear Channel Communications’ founder and former chairman, Lowry Mays.

In 2011, McCaul was named as one of the wealthiest members of the United States Congress. His net worth estimated at $294 million increased by more than 300% than his previous year’s net worth of $294 million..

But wait – there’s more…

In 2017, he made it in the news for a very peculiar reason. It was reported that the Austin Republican Michael McCaul’s household used more water than any other resident in the last year. For context, their house used 1,400,900 gallons in a year, while the average residential use in Austin is about 70,000 gallons a year.

Their household actually made the top 10 list of water usages several times. Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. Surely, this must have cost them a lot, right? We can only imagine how much their water bill costs. But with their net worth, this probably isn’t worth paying their minds over.

#6. Mitt Romney 

Mitt Romney 

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Net Worth $250 Million

Mitt Romney is our richest politician in the senate! You’ve probably heard of Sen. Romney before. That is because he ran for president as the Republican nominee in the 2012 elections. This is when Barack Obama won the presidential elections. 

But in case you haven’t, let us introduce the Senator from Utah, Willard Mitt Romney.

You see..

Romney is currently a member of the US Senate from Utah. Before his presidential candidacy and senatorial post, he already served in government office. He was the governor of Michigan from 2003 to 2007. This made him the second person to serve as a governor and United States Senator for different states.

In Romney’s case, it’s safe to say that interest in politics runs in the family. His father George, also served as Governor of Michigan. He was also a member of Richard Nixon’s presidential cabinet.

Bain Capital and Bain & Company

Mitt Romney is the richest man in the senate with a net worth of $250 million. Like most of the wealthy politicians in this list,  Mitt Romney made money through his business. Romney also made his fortune before his political career.

He finished his MBA from Harvard Business School in 1975, and his J.D from Harvard Law School in 1975. He established the private investment firm, Bain Capital, and Bain & Company.  Before his post, he was the former CEO of Bain Capital.

#7. Mark Warner 

Mark Warner 

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Net Worth $215 Million

The U.S. Senator from Virginia, Mark Warner had an interesting childhood growing up. Born in 1954, he grew up in a typical American middle-class household. As early as college, the senator already had political aspirations. It was when he told his parents that he would be the president of America someday.

Like most of the politicians in this list, the senator made his own money before his political career. After graduating law school, Mark Warner found the venture capital firm, Columbia Capital.

The firm made several early investments in companies in the telecommunication industry. This includes XM Satellite Radio and Nextel Communication. Nextel Communication was later on purchased by Sprint for $36 billion.

With the success of Columbia Capital, it’s no wonder that Senator Mark Warner’s current net worth is $215 million.

#8. Rick Scott 

Rick Scott 

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Net Worth $220 Million

Making it on this list as the 8th richest politician, Senator Rick Scott of Florida. Senator Scott has an estimated net worth of $220 million.

Scott started his career in the senate in 2019. In this election, he defeated incumbent Bill Nelson with a very narrow gap of about 0.2 percentage points. Before losing to him, Nelson had served in the Senate since 2000.

Before working in the Senate, Scott served as governor of Florida from 2011 to 2019. One of his most notable actions during his governorship include his response to natural disasters. He also signed the legislation that restricted young persons’ access to firearms and he supported the expansion of charter schools in Florida.

And that’s just one side of the story…

Before entering politics, the senator made the bulk of his money. He created one of the largest hospital networks, the Columbia Hospital Corporation. Later on, it was merged with Hospital Corporation of America to form Columbia/HCA. By 1997, Columbia/HCA was the largest healthcare provider in the world, with annual revenues exceeding $23 billion

When Scott was the CEO of  Columbia/HCA, the company was investigated and fined $1.7 billion. As part of the settlement, Scott resigned from the company. Afterwards, he founded the investment company, Richard L. Scott Investments which has been helping him build his wealth.

#9. Dianne Feinstein 

Dianne Feinstein 

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Net Worth $88 Million

Dianne Feinstein is the only woman in our list of the richest politicians in the US. The senator from California has an estimated net worth of $88 million, which makes her the 9th richest politician in the US. 

In 2013, Feinstein and Barbara Boxer became the first women elected as U.S. senators from California. She was also the first female member of the Senate Judiciary Committee. Her  areas of focus include firearms legislation and environmental policy.

Fienstein’s long standing political career started when she served on the San Francisco Board of Supervisors in 1970. Afterwards, she served as mayor of San Francisco, and she unsuccessfully ran for Governor of California.

Given that Dianne has been very focused on her political career, it’s no surprise that most of her wealth comes from Blum Capital. It is the equity firm founded by her husband, Richard Blum. The assets of Blum Capital Partners, L.P. are currently valued at $4.5 billion. Woah.

⭐⭐10 Richest Politicians In US ⭐⭐ Ranked By Net Worth✔ How They Made Their Fortune✔ Background & Bio✔ Top Take Aways✔ Fun Facts✔ Details✔ Lots More

#10. Richard Blumenthal 

Richard Blumenthal 

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Net Worth $82 Million

Connecticut Sen. Richard Blumenthal net worth is approximately $82 million. The main source of this wealth is his spouse, Cynthia Malkin. Cynthia is a real estate investor and an heiress to the Malkin property empire.

Born in Brooklyn, New York City, the senator graduated from Harvard College, where he was editor-in-chief of The Harvard Crimson. He studied for a year at Trinity College, Cambridge, in England before attending Yale Law School. In Yale, he became classmates with Bill and Hillary Clinton.

After finishing law school and passing the bar, Blumenthal served as administrative assistant and law clerk for several Washington, D.C. figures. He also served as United States Attorney for the District of Connecticut. He also worked in private law practice before joining politics.

Before becoming a senator, Blumenthal also served in the Connecticut House of Representatives. He was also elected Attorney General of Connecticut in 1990 and served for 20 years.

Conclusion: Top 10 Richest Politicians in the US

And there we have the politicians who complete our list of top 10 richest politicians in America!

I was surprised to learn that the majority of politicians are self-made millionaires. It was inspiring to know how they achieved their wealth and how they aspire to help other people. The backgrounds of these politicians are not one and the same, which just proves that there isn’t only one formula to be where you want to be in life. 

What I learned from this article is that we don’t have to limit ourselves. Instead, we should take a look at the endless possibilities around us.

Because we’re pursuing a certain career path right now doesn’t mean that it’s what we have to do for the rest of our lives. Because we weren’t interested in serving the government doesn’t mean that it’s not worth pursuing now. 

Now, we could take a moment to think about where we are at the moment and where we wish to go, to figure out what we need to do.

What about you, what do you think of this article?

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