As Wyoming’s most active senator in stock trading, we decided to take a gander at Cynthia Lummis’ net worth. In the following piece, we’ll explore her assets, investments, and all other relevant financial information to uncover her personal wealth.
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Who is Cynthia Lummis?
Cynthia Lummis is a prominent political figure serving as Wyoming’s junior United States Senator since 2021. She is a member of the Republican Party, known for her conservative views and advocacy for financial deregulation. Before her tenure in the Senate, Lummis had an extensive political career, including serving as Wyoming’s sole US Representative from 2009 to 2017 and holding various state-level offices.
Cynthia Lummis’ net worth
According to OpenSecrets, Senator Cynthia Lummis’s estimated net worth was $12,255,507 in 2015. Nevertheless, based on her 2023 financial disclosure report, Senator Lummis is actually worth somewhere between $5,726,037 and $24,049,999.
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 Cynthia Lummis make her money?
Cynthia Lummis’s wealth comes from multiple sources, including her family’s ranching business, real estate investments, and an expansive stock portfolio. Here’s a brief overview of her income sources:
- Family ranching business: Lummis inherited significant assets from her family’s ranching operations, which have been a cornerstone of her wealth;
- Real estate investments: She has invested in various real estate properties, contributing to her growing net worth;
- Stock portfolio: Lummis is an active stock trader with a diverse portfolio, including investments in technology, energy, and financial sectors.
Cynthia Lummis’ assets
According to her financial disclosure report for the year 2023, Cynthia Lummis’ assets total between $5,776,037 and $24,065,000, with her liabilities ranging from $15,001 to $50,000. That said, her most valuable assets include:
- Arp & Hammond Hardware Company corporate securities, non-public stock, valued between $1,000,001 and $5 million;
- Ranch owned by Lummis Livestock Company, valued between $1,000,001 and $5 million;
- Sweetgrass real estate, valued between $1,000,001 and $5 million;
- Ranch land owned by Laramie River Ranch LLC farm, valued between $1,000,001 and $5 million;
- Wild Iris LLC commercial real estate, valued between $500,001 and $1 million.
Was Cynthia Lummis ever involved in insider trading?
What is insider trading?
Senator Cynthia Lummis has not been implicated in any insider trading activities. However, she did disclose a Bitcoin (BTC) purchase worth between $50,001 and $100,000 in August 2021. This disclosure was part of the STOCK Act, which aims to prevent profiting from nonpublic information. Lummis has been a vocal supporter of cryptocurrency and blockchain technology in Congress, making her pro-crypto stance clear.
Recently, she also sent a letter to the US Department of Justice regarding the ongoing investigation into Binance and Tether.
How much is Cynthia Lummis worth?
In summary, Cynthia Lummis’ net worth ranges between $5,726,037 and $24,049,999, making her one of the wealthier US Senators. Her wealth mostly comes from a family ranch business and a solid investment portfolio.
Nevertheless, Senator Lummis is nowhere near the top guns in Congress regarding wealth. The likes of Rick Scott, Mitt Romney, and Richard Blumenthal are all significantly richer than her.
Disclaimer: The featured image in this guide is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.
FAQs about Cynthia Lummis’ net worth
Is Cynthia Lummis involved in insider trading?
While Lummis’s active stock trading has raised questions, there is no conclusive evidence of insider trading. She asserts that her trades comply with legal and ethical standards.
What is the net worth of Senator Lummis?
Estimates place Cynthia Lummis’s net worth between $5,726,037 and $24,049,999.
What assets does Cynthia Lummis own?
Cynthia Lummis owns ranching property, real estate investments, a diversified stock portfolio, and other financial instruments.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
