How rich is Alaska’s senator: Dan Sullivan’s net worth revealed

Dan Sullivan is an American attorney and politician who has served as the junior U.S. Senator from Alaska since 2015. With joint Juris Doctor and Master of Science in Foreign Service degrees, he was active in law practice and military service before entering politics. Today, we will pinpoint Dan Sullivan’s net worth and trace back his sources of income.

How rich is Dan Sullivan?

Dan Sullivan attended Culver Military Academy in Indiana. He graduated magna cum laude with a B.A. in economics from Harvard University before enrolling at Georgetown University. Sullivan received joint J.D. and M.S. in Foreign Service degrees in 1993. 

After graduation, Sullivan joined the U.S. Marine Corps on active duty from 1993 to 1997, then transitioned to the Reserve. He was called into active duty three more times: from 2004 to 2006, in early 2009, and for a tour in Afghanistan in 2013. He is a colonel and has received the Defense Meritorious Service Medal and the Legion of Merit. 

Once finished with his active duty, Sullivan served as a law clerk for Judge Andrew Kleinfeld and Chief Justice Warren Matthews. In 2000, Sullivan joined the Alaska bar and worked in commercial and corporate law.

The first step in his political career was becoming Alaska’s attorney general in 2009. He was elected Alaska’s senator in 2014 and assumed his senatorial duties in 2015. 

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 Dan Sullivan make his money?

Dan Sullivan had a twin career, which consisted of attorney and military service, before entering politics. In addition to his active service duty and holding several prominent official positions, he boosted his wealth through investment. A precise list of Dan Sullivan’s sources of income is as follows:

• Politics: Dan Sullivan became Alaska Attorney General in 2009 and climbed the political ranks to become a senator in 2015. The title comes with an annual salary of $174,000;
• Military service: Sullivan received a foreign service education in addition to his law studies. He spent four years in active service (1993-1997) and has remained in reserve since then;
• Law practice: Dan Sullivan joined the Alaska bar in 2000 and worked in private practice and government posts, such as attorney general. It is unknown how much he earned from the roles, but it was likely sufficient to form a basis for his investments;
• Investing: Dan Sullivan is a prolific investor with a portfolio of mutual funds, savings accounts, real estate, and individual stocks. Additionally, Dan Sullivan’s father was the president and CEO of RPM International (NYSE: RPM), a building material firm, and the Alaskan senator has a significant stake in the company.

Dan Sullivan’s assets

Sullivan’s 2023 financial disclosure report shows that the Alaska senator has several valuable assets and investment positions:

• Shares in RPM International (NYSE: RPM) – a stake in his father’s company valued between $1 million and $5 million;
• Rental property: 301 Crystal Mtn. Rd (Girdwood, AK) – a residential real estate valued between $250,001 and $500,000;
• GS Investor Tax-Exempt Money Market Fund (FTXXX) – a mutual fund position valued between $250,001 and $500,000;
• Birch Lake Townsite: Block 1, Lot 13 Birch Lake Townsite (Birch Lake, Alaska) – an unimproved land valued between $100,001 and $250,000, owned by Dan Sullivan’s wife;
• BlackRock Global Allocation Instl (NASDAQ: MALOX) – a mutual fund position valued between $100,001 and $250,000.

Insider trading involvement

Senator Dan Sullivan was caught in breach of the Stop Trading on Congressional Knowledge (STOCK) Act at least once. As reported by Business Insider, he was ‘weeks late’ to report that he inherited and sold a stock position in Mowi (OSE: MOWI), a seafood company valued somewhere between $15,000 and $50,000 and $1,001 to $15,000 worth of stock in Five Below Inc., (NASDAQ: FIVE).

Furthermore, according to his financial disclosure forms, he owns individual stocks in dozens of publicly traded companies.

Who is Dan Sullivan?

Dan Sullivan was born in Fairview Park, Ohio, on November 13, 1964. He has a diverse background, with law, military, and government education. His multidisciplinary interests resulted in a Georgetown University joint law and foreign service degree.

Sullivan served in the U.S. Marine Corps as an infantry and reconnaissance officer and is currently a colonel in the Marine Corps Reserve.

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Before becoming a senator, Sullivan was Alaska’s attorney general and Commissioner of the Alaska Department of Natural Resources. Since being elected to the U.S. Senate in 2014, Sullivan has focused on energy, environment, and security issues. He has advocated for conservative policies and worked on military and veteran affairs and resource development.

How much is Dan Sullivan’s net worth – the bottom line

The wealth of the Senator from Alaska is approximately average compared to that of the rest of the U.S. Senators. To be more precise, Dan Sullivan’s net worth is valued between $2.87 million and $14.4 million, with a significant portion coming from his stake in RPM International, a company formerly run by his father.

Disclaimer: The featured image in this guide is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.

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