Since there’s no lack of public interest when it comes to the financial standings of American politicians, in this article, we’ll reveal Senator Chris Coons’ net worth and provide insights into his finances, assets, and investments.
Who is Chris Coons?
Chris Coons serves as the junior United States Senator from Delaware, a position he has held since 2010. Born on September 9, 1963, in Greenwich, Connecticut, Coons graduated from Amherst College with a Bachelor of Arts in Chemistry and Political Science. He later earned a Master’s degree in Ethics from Yale Divinity School and a Juris Doctor from Yale Law School.
Chris Coons’ net worth
According to OpenSecrets’ report from 2018, Chris Coons’ net worth is estimated to be just over $10 million. The same source suggests that the Delaware Senator attained his net worth by acquiring mutual funds, corporate securities, real estate, and corporate stocks, as well as that he ranks 15th in terms of wealth in the Senate. However, based on the figures presented in his financial disclosure for the year 2022, Chris Coons’ net worth now ranges between approximately $708,048 and $5,644,997.
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 Chris Coons make his money?
Senator Coons accumulated his wealth through several different means:
- Salary from Senate: As a US Senator, Coons earns an annual salary of $174,000. This figure, set by law, provides a stable income throughout his tenure;
- Law career: Before his political career, Coons worked as an attorney. Although precise figures from this period are not publicly detailed, legal careers typically offer substantial earnings, estimated between $100,000 and $250,000;
- Corporate roles: Coons served as in-house counsel for W.L. Gore & Associates, a company known for its GORE-TEX fabric. Positions in corporate legal departments often come with lucrative compensation packages.
Chris Coons’ assets
Chris Coons’ financial disclosure, which we mentioned earlier, includes a diverse portfolio. It ranges from real estate and bank accounts to a variety of mutual funds and corporate securities. His total assets are valued from $2,223,048 to $6,405,000 and the most prized 3 include:
- WL Gore & Assoc: $1,000,001—$5,000,000;
- Sanibel Island Condo: $500,001—$1,000,000;
- WSFS Bank Checking: $100,001—$250,000.
Chris Coons insider trading involvement
From what we were able to gather, it seems that Senator Coons’ record is a clean slate. Namely, there have been no confirmed allegations or investigations of insider trading involving him which, surprisingly enough, isn’t that frequent.
How much is Chris Coons worth?
Chris Coons’ net worth ranging from $708,048 to $5,644,997 places him among the wealthier members of the Senate, even though it’s moderate compared to some of his peers. Nevertheless, with no records of insider trading or any other financial controversy, it’s safe to assume that his overall wealth will probably rise even higher in the future.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
