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How rich is Maine senator Angus King; Angus King’s net worth revealed

How rich is Maine senator Angus King; Angus King's net worth revealed
Bogdan Stojkov

The current Maine representative in the Senate has a formidable career in both politics and business. This is why in this piece, we explore Angus King’s net worth, assets, and investments to uncover how he amassed his substantial wealth.

Who is Angus King?

Born in 1944, Angus King has been a prominent figure in American politics for decades. An independent, King has served as a US Senator for Maine since 2013. Before his tenure in the Senate, he was the 72nd Governor of Maine from 1995 to 2003. King is known for his pragmatic approach that often bridges the gap between Democrats and Republicans, advocating for bipartisan solutions to national issues.

Law background

Before his political career, King earned a law degree from the University of Virginia School of Law and worked as an attorney.

Angus King’s net worth

According to OpenSecrets, Angus King’s estimated net worth for 2018 was $9,494,061. He ranked 16th in the Senate in terms of net worth. Nevertheless, our estimates based on his financial disclosure report for year 2022 suggest that he’s worth between $4,293,084 and $13,119,999.

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 Angus King make his money?

As a US Senator, Angus King earns an annual salary of $174,000. This salary, while significant, is only a portion of his overall income. Before his Senate career, as Governor of Maine, he earned a gubernatorial salary that varied over his terms but was considerably less than his current earnings as a senator.

Nevertheless, King’s financial success extends beyond his political roles. Before entering politics, King co-founded Northeast Energy Management, Inc., a company that focused on energy conservation projects. He later sold the company, reaping substantial profits. This business venture provided a solid foundation for his wealth accumulation.

Angus King’s assets and investments

According to the Angus King’s financial disclosure report for year 2022, King’s is assets totaled between $4,393,084 and $13,170,000, while his top asset was Potter St., Brunswick real estate property valued between $500,001—$1,000,000.

Angus King insider trading involvement

Angus King has maintained a clean record concerning insider trading allegations. It appears that he adheres to the strict ethical guidelines that govern financial transactions for public officials. In fact, there haven’t been any reported instances of King engaging in insider trading or any related controversies.

Debt limit controversy

Angus King characterized Republican attempts to block raising the federal debt limit as reckless and only designed to help the party in the 2022 election. He expressed some willingness to modify the filibuster rules so that current and future debt limit increases can pass with 50 votes.

The bottom line

Angus King’s net worth of between $4,293,084 and $13,119,999, showcases a blend of earnings from his political career, successful business ventures, and astute investments. This millionaire figure puts him above many of his Senate peers, yet still way off some of the wealthiest Senators, such as Mitt Romney, Rick Scott, and Mark Warner.

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

FAQs about Angus King’s net worth

Who is Angus King?

Angus King is an American politician and lawyer who currently serves as a United States Senator. King is an Independent; however, he caucuses with the Democratic Party.

Who does Angus King represent in the Senate?

Angus King represents the state of Maine in the Senate.

How long has Angus King been in office?

Angus King has been in office since January 3, 2013.

What is Angus King's net worth?

Angus King’s net worth is somewhere between $4,293,084 and $13,119,999, making him one of the richer American politicians.

What is Angus King's primary source of income?

Before entering politics, King co-founded Northeast Energy Management, Inc., a company that focused on energy conservation projects. He later sold the company, reaping substantial profits. This business venture provided a solid foundation for his wealth accumulation.

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