Bill Hagerty is an American businessman and politician who has served as the senior U.S. Senator from Tennessee since 2021. Before becoming a senator, Hagerty served as the U.S. ambassador to Japan from 2017 to 2019. He is also the co-founder of Hagerty Peterson & Company, a private equity investment company. Today, we will reveal Senator Bill Hagerty’s net worth and trace back the roots of his enormous wealth.
How rich is Bill Hagerty?
Bill Hagerty graduated from Madisonville North Hopkins High School in Kentucky and earned a B.A. in economics and business administration from Vanderbilt University. He then received a J.D. from Vanderbilt Law School in 1984.
Hagerty started his career at Boston Consulting Group, which led him to a three-year assignment to Tokyo. After being an economic advisor and White House Fellow, he moved on to a career in private equity. He first worked for Trident Capital in Silicon Valley but later co-founded Hagerty Peterson & Company, a private equity investment firm.
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Afterward, Hagerty served as commissioner of the Tennessee Department of Economic and Community Development and on the boards of several prominent private and public companies.
In 2017, Bill Hagerty became the U.S. Ambassador to Japan. In 2019, he resigned from the role and started his campaign to run for the Senate. He was successful and became the Senator from Tennessee in 2021.
Due to a rich professional background in private equity and commerce, Hagerty has acquired substantial wealth.
What is Bill Hagerty’s net worth?
Disclaimer: Estimating a lawmaker’s net worth is challenging because disclosure forms do not mandate exact values. Instead, lawmakers report the value of their assets and liabilities within specified ranges. While we strive to accurately estimate net worth from filings, disclosure rules have shortcomings. Personal residences, certain personal property, and federal retirement accounts are often not reported. Large assets can be listed in broad categories like “Over $1 million” or “Over $50 million,” potentially worth much more. Additionally, most Members of Congress earn $174,000 annually, but this isn’t required to be disclosed.
How did Bill Hagerty make his money?
Bill Hagerty has taken several career paths, including financial advice, private equity, diplomacy, and politics. Here’s a list of potential publicly disclosed sources of income:
- Finances and private equity career: Hagerty has an extensive background in finances and business, from education to practical experience. He was an economic advisor under George Bush, then co-started his own private equity firm, Hagerty Peterson & Company. His many business endeavors have likely made the base for his substantial wealth;
- Diplomacy and other official roles: Hagerty held a number of government jobs in economy, finances, and diplomacy, which culminated in Donald Trump appointing him as the U.S. ambassador to Japan from 2017 to 2019;
- Political career: Bill Hagerty officially entered politics in 2021 when he became the Senator from Tennessee, which comes with an annual salary of $174,000;
Bill Hagerty’s assets
Hagerty’s 2022 financial disclosure form shows that the Senator from Tennessee has an abundant portfolio of assets, some of the most valuable being:
- Nashville Soccer Holdings, LLC – business stakes owned by Bill Hagerty’s four dependent children valued between $1,000,001 and $5,000,000 each;
- SPDR S&P 500 ETF Trust (SPY) – a mutual funds position valued between $1,000,001 and $5,000,000;
- Charles Schwab money market account– a bank deposit worth between $1,000,001 and $5,000,000;
- Contour Venture Partners – Business Entity Limited Partnership (LP) investment position worth between $1,000,001 and $5,000,000;
- NEWAsurion company – a non-public stock position valued between $1,000,001 and $5,000,000.
Insider trading involvement
Senator Bill Hagerty has been caught violating the Stop Trading on Congressional Knowledge (STOCK) Act in at least one instance. In fact, he was months in breach of the federal deadline when he reported three stock trades from three of his dependent children’s trusts.
The Senator’s office blamed the error on a “clerical error from the investment firm,” which was not the first instance of the STOCK Act violation.
Who is Bill Hagerty?
William Francis Hagerty IV was born in Gallatin, Tennessee, on August 14, 1959. He earned his B.A. in economics and business administration from Vanderbilt University and later obtained his J.D. from Harvard Law School. Following his studies, he began a private equity and finance career, landing job positions at Boston Consulting Group and later Trident Capital.
Before entering the political stage, Hagerty was the United States Ambassador to Japan from 2017 until 2019, when he resigned from his position to participate in the election for the U.S. Senate. He won the elections and became a Senator from Tennessee in 2021.
Recommended video: WATCH: Bill Hagerty Accuses Biden Admin Of Using ‘Secret Flights’ To Boost Blue States’ Voting Power
As a senator, Hagerty advocated for conservative policies, including national security, deregulation, and supporting American businesses. Furthermore, he has leveraged his diverse career experience in trade and foreign affairs.
The bottom line
The sizeable wealth of the Senator from Tennessee lands him in the upper half of the wealthiest U.S. Senators. Specifically, Bill Hagerty’s net worth is valued between $14.13 million and $77.55 million.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about Bill Hagerty net worth
How much is Bill Hagerty's current net worth?
As indicated by his 2022 annual financial disclosure form, Bill Hagerty’s current net worth is between $14.13 million and $77.55 million.
How long has Bill Hagerty been a senator?
Bill Hagerty won the November general elections in 2020 and assumed his duties as the Senator from Tennessee on January 3, 2021.
Was Bill Hagerty ever in breach of the STOCK Act?
Bill Hagerty has been found in breach of the STOCK Act multiple times. Furthermore, he owns and trades individual stocks.
What is Senator Bill Hagerty's most valuable financial asset?
According to the publicly disclosed financial data, Senator Bill Hagerty’s most valuable assets are his positions in private companies, such as NEWAsurion, and his dependent children’s positions in the Nashville Soccer Holdings, LLC, worth between $1,000,001 and $5,000,000 each.
