Andy Beshear net worth revealed: How rich is the Governor of Kentucky?

Andy Beshear’s net worth isn’t just a topic of interest for Kentuckians but for all political enthusiasts due to his major role in American politics. As such, we’ll thoroughly explore his finances, going through his assets and investments, as well as all other relevant financial information regarding the Governor of Kentucky.

Who is Andy Beshear?

Born in Louisville, Kentucky, Andy Beshear is the son of Steve Beshear, who also served as the Governor of Kentucky from 2007 to 2015. Beshear has a rich background in law and public service, having earned his law degree from the University of Virginia School of Law and worked as the Attorney General of Kentucky from 2016 to 2019 before becoming governor.

What is Andy Beshear’s net worth?

Statements of Financial Disclosure in Kentucky are official documents that elected officials, candidates for public office, and certain state employees must file to provide transparency regarding their financial interests. These disclosures are designed to prevent conflicts of interest and ensure that public officials act in the best interests of the citizens they serve. 

However, these documents don’t include specific amounts or detailed information about the assets the officials might be holding.

Andy Beshear releases his tax returns for each year he has been in office, underscoring the importance of transparency. While this practice is relatively uncommon, Beshear prioritizes it to maintain public trust and enhance his overall image.

“Throughout my entire time in elected office, I have worked hard to be transparent with Kentuckians and to earn their trust. All public officials should work to earn the public’s trust and to demonstrate that their only interests are what’s best for the people of the commonwealth. This used to be expected. Now, sadly, it’s the exception.”

How did Andy Beshear make his money?

Andy Beshear’s wealth primarily stems from his career as an attorney and his roles in public service. Here’s a breakdown of his income sources:

• Legal career: Before entering politics, Beshear worked as an attorney at Stites & Harbison, a prominent law firm in Kentucky, where he earned a substantial income;

• Political salary: As the Attorney General of Kentucky and later as the Governor, Beshear earned a salary commensurate with these high-ranking positions;

• Inheritance: As the son of a former governor, Beshear might have benefited from family wealth and connections, though the extent of this influence on his net worth remains speculative.

Andy Beshear’s assets

Although Beshear’s Statement of Financial Disclosure doesn’t report the specific value of his assets, it does include ones that are worth over $10,000. These include:

1. Progressive Corp (NYSE: PGR);
2. Home Depot (NYSE: HD);
3. Fastenal Co (NASDAQ: FAST);
4. O’Reilly Automotive Inc (NASDAQ: ORLY);
5. TE Connectivity Ltd (NYSE: TEL);
6. Alphabet Inc Class C (NASDAQ: GOOG);
7. Charles Schwab Corporation Common Stock (NYSE: SCHW);
8. Microsoft Corp (NASDAQ: MSFT);
9. Apple Inc. (NASDAQ: AAPL);
10. JPMorgan Chase & Co (NYSE: JPM);
11. Berkshire Hathaway Inc Class B (BMW: BRKB);
12. Union Pacific Corporation (NYSE: UNP);
13. Expeditors (NYSE: EXPD);
14. Pfizer Inc. (NYSE: PFE);
15. TJX Companies Inc (NYSE: TJX);
16. Omnicom Group Inc. (NYSE: OMC);
17. General Electric Company (NYSE: GE).

Controversies

During his political career, Andy Beshear has been involved in more than a few controversies. Some of the most prominent ones include:

• Bluegrass Pipeline project: As an attorney, Beshear represented the developers of the Bluegrass Pipeline, which aimed to transport natural gas liquids through Kentucky. The project faced significant opposition due to environmental concerns and the use of eminent domain;

• COVID-19 response: Beshear’s handling of the COVID-19 pandemic drew both praise and criticism. Some praised his strict measures for protecting public health, while others criticized them as overreaching and harmful to businesses;

• Political feuds: Governor Beshear had notable public disagreements with other politicians, such as Senator JD Vance, Donald Trump’s running mate for the 2024 presidential elections.

The bottom line

In summary, Andy Beshear’s net worth of over $5 million is quite a substantial sum, overshadowing average Americans of his age more than five times. However, the Kentucky Governor’s personal wealth is nothing in comparison to other US politicians and potential Harris’ running mates like JB Pritzker who is worth billions.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about Andy Beshear’s net worth