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How rich is Michigan senator Debbie Stabenow; Debbie Stabenow’s net worth revealed

How rich is Michigan senator Debbie Stabenow; Debbie Stabenow’s net worth revealed
Bogdan Stojkov

In this article, we explore Michigan Senator Debbie Stabenow’s net worth and financial background. From her assets and investments to all other relevant information, we’ll check out just how much wealth she accumulated over the years.

Who is Debbie Stabenow?

Debbie Stabenow has represented Michigan in the US Senate since 2001. She began her political career in the Michigan House of Representatives before serving in the Michigan Senate and the US House of Representatives.

Debbie Stabenow’s main focus

As a public servant, Stabenow has focused on issues such as healthcare, agriculture, and education. Her leadership roles include serving as Chair of the Senate Agriculture Committee, where she has been instrumental in shaping farm policy and food security programs.

Debbie Stabenow’s net worth

According to the 2018 report on OpenSecrets, Michigan Senator Debbie Stabenow’s net worth was $32.500. However, based on her financial disclosure for year 2023, we estimated that her net worth is actually negative, falling somewhere in between -$1,249,900 and -$350,002.

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 Debbie Stabenow make her money?

From what we were able to gather, Debbie Stabenow made her money through a long and distinguished career in public service. Here’s a brief overview of her career:

  • She served on the Ingham County Board of Commissioners from 1975 to 1978;
  • She was a member of the Michigan House of Representatives from 1979 to 1990;
  • She served in the Michigan State Senate from 1991 to 1994;
  • She represented Michigan’s 8th congressional district in the US House of Representatives from 1997 to 2001;
  • Since 2001, she has been serving as the United States Senator from Michigan, where she earns a $174,000 annual salary.

It’s worth noting that her net worth is among the lower tier in Congress. According to the Market Realist report we mentioned earlier, her 2021 financial disclosure filed with the SEC shows she had an earned income of $88,066, assets valued up to $250,000, and liabilities of up to $1.25 million.

Debbie Stabenow’s assets

Based on her financial disclosure for year 2023, Debbie Stabenow’s assets are relatively modest compared to some of her colleagues in the United States Senate. With this in mind, here’s a rundown based on the available information:

  • Lake Trust Credit Union Checking Account: This is the only asset reported in her financial disclosure for year 2023, and it has a minimum value of $100.001 and the maximum value of $250,000.

Some reports suggest that Stabenow holds stocks with companies like Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Amazon (NASDAQ: AMZN). However, the exact value of these investments is not publicly available.

Debbie Stabenow on insider trading

Senator Debbie Stabenow has not been involved in any insider trading controversy. In fact, she has been a proponent of legislation to prevent such activities. She co-sponsored bills to ban Members of Congress from buying and selling stocks while in office.

In 2011, she announced plans to introduce the STOCK Act, which prohibits Members of Congress from engaging in insider trading and increases transparency. The legislation redefines insider trading to include knowledge gained from Congressional work and service.

The bottom line

Based on her financial disclosure for year 2023, Debbie Stabenow’s net worth is negative, falling somewhere in between -$1,149,999 and -$599,752. As such, she is considered to be among the less wealthy US politicians. Nevertheless, that’s not why she’s popular when it comes to Senators and personal finances. Alongside her Senate peer Kirsten Gillibrand, Stabenow was instrumental in establishing the STOCK Act, prohibiting their colleagues from any insider trading activities.

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

FAQs about Debbie Stabenow’s net worth

What is Debbie Stabenow's net worth?

According to her financial disclosure for year 2023, Debbie Stabenow’s net worth is negative. It’s somewhere between -$1,149,999 and -$599,752.

What is Debbie Stabenow's annual salary?

As a United States Senator, Debbie Stabenow’s annual salary is $174,000.

How long is Debbie Stabenow in office?

Debbie Stabenow has been in office as a United States Senator since January 3, 2001.

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