Catherine Cortez Masto’s net worth is a topic of great interest as she continues to serve as a prominent political figure in the United States. As the first Latina senator in US history, her financial background is as eye-catching as her groundbreaking career.
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Who is Catherine Cortez Masto?
Catherine Cortez Masto has served as the junior United States Senator from Nevada since 2017. Born in 1964, in Las Vegas, Nevada, she has dedicated her life to public service and law. Before her tenure in the Senate, Cortez Masto served as Nevada’s Attorney General from 2007 to 2015, where she focused on consumer protection, drug trafficking prevention, and fighting sex trafficking.
Catherine Cortez Masto’s net worth
According to OpenSecrets’ report for 2018, Catherine Cortez Masto’s net worth is estimated to be close to $4.6 million. However, based on her annual financial disclosure report for the year 2023, her total assets value ranges from $1,811,013 to $6,916,000. Also, she has no reported liabilities, which means that her total asset value is her actual 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 Catherine Cortez Masto make her money?
Catherine Cortez Masto’s income sources combine her career in law, investments, and public service. That said, she has made money over the years through the following:
- Salary from public service: As a US Senator, she earns an annual salary of $174,000. Her previous roles as Nevada’s Attorney General and various positions in the legal field have also contributed to her earnings;
- Real estate investments: Cortez Masto owns a real estate rental property in Las Vegas, Nevada, which adds to her net worth through both property value appreciation and rental income;
- Mutual funds: Like many other public figures, she has invested in mutual funds, diversifying her financial portfolio;
- Legal career: Before entering politics, she worked in the legal sector, earning an undisclosed income that definitely helped her current financial status.
Catherine Cortez Masto’s assets
Based on Senator Masto’s financial disclosure for the year 2023, she has quite a diverse portfolio which totals 16 assets, ranging from real estate to mutual funds and bank deposits. The total value of her assets is between $1,811,013 to $6,916,000, and her most prized assets include the following five:
- Town & Country bank deposit valued between $1,000,001 and $5 million;
- A single-family rental property in Las Vegas, Nevada, worth between $500,001 and $1 million;
- Nevada Public Employees’ retirement plan worth $250,001 and $500,000;
- Clark County Credit Union bank deposit valued between $100,001 and $250,000;
- Oakmark Select I mutual fund worth between $100,001 and $250,000.
Catherine Cortez Masto’s controversies
There have been claims and accusations in political ads suggesting that Senator Catherine Cortez Masto may have put her own financial interests first and became a multimillionaire while in office. However, these claims rely on financial disclosure reports that provide only broad ranges of assets and liabilities and show no evidence of wrongdoing.
Additionally, in her role as a senator, she’s been involved in pushing legislation related to financial regulation, such as a bipartisan bill aimed at enabling financial regulators to claw back bonuses from bank executives whose mismanagement causes their institutions to fail.
The bottom line
According to her latest financial disclosure report, Catherine Cortez Masto’s net worth is her total assets value (since she has no reported liabilities), ranging between $1,811,013 and $6,916,000. While this makes her a multimillionaire, she is still far from being the richest politician in the United States.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about Catherine Cortez Masto’s net worth
Who is Catherine Cortez Masto?
Catherine Cortez Masto is a United States Senator from Nevada, serving since January 2017. She is a member of the Democratic Party and the first woman from Nevada to be elected to the US Senate.
What is Catherine Cortez Masto's net worth?
According to her latest financial disclosure report, Catherine Cortez Masto’s net worth ranges between $1,811,013 and $6,916,000.
Has Senator Cortez Masto made her financial disclosures public?
Yes, as a United States Senator, Catherine Cortez Masto is required to file annual financial disclosures. These documents provide a detailed account of her financial assets, liabilities, and sources of income.
