Gretchen Whitmer net worth 2024 | How much money does Governor Gretchen Whitmer have?

Gretchen Whitmer is an American lawyer and politician who has served as the Governor of Michigan since January 2019. She was the first woman to act as Democratic Senate leader between 2011 and 2015. This article will show Governor Gretchen Whitmer’s net worth and uncover her public income sources. 

How rich is Gretchen Whitmer?

Gretchen Whitmer graduated from Forest Hills Central High School in 1989. Afterward, she attended Michigan State University, where she earned her B.A. Whitmer first intended to become a broadcaster for ESPN, but her experience interning with then-State Representative Curtis Hertel convinced her to study law. She earned her J.D. in 1998 from Michigan State’s College of Law, magna cum laude.

Whitmer then entered private law practice in the Lansing office of a Detroit law firm. In 1999, she was elected chair of the East Lansing Transportation Commission. 

Her first steps towards a political career came in 2000 when she was elected a Michigan House Representative. In 2006, she was elected to the state Senate, and in 2011, she became the Senate’s first woman Democratic leader, holding the position until 2015. Additionally, she became an Ingham County prosecutor in 2016. Finally, she was elected governor in 2018, which she remains today. 

In addition to her law practice and politics, Gretchen Whitmer has invested in stocks, investment funds, and other assets, significantly contributing to her wealth. Despite her significant fortune, she has voluntarily filled out financial disclosure forms and made them public.

How did Gretchen Whitmer make her money?

In addition to politics, Gretchen Whitmer had a successful career in law practice. Additionally, she has heavily invested in various financial assets. Her publicly available income sources include:

• Law practice: Gretchen Whitmer earned her J.D. from Michigan State’s College of Law in 1998 and entered practice immediately after. She has held several official positions, including being an Ingham County prosecutor;
• Politics: Governor Gretchen Whitmer entered politics in 2000 when she was elected to the Michigan House of Representatives, and she has occupied various positions since then. Today, she is the Governor of Michigan, which comes with an annual salary of $159,300;
• Writing: In July 2024, Whitmer published her memoir titled True Gretch: What I’ve Learned About Life, Leadership, and Everything in Between. While we cannot know how much she will earn from royalties, it is likely to add to her already substantial wealth;
• Investing: Gretchen Whitmer has heavily invested in various assets, primarily mutual funds. In fact, one of Whitmer’s most significant assets is her Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) mutual fund position worth slightly over $1 million.

Gretchen Whitmer’s assets

Whitmer’s 2023 financial disclosure form shows precisely all the elements of the Michigan Governor’s portfolio, with her most valuable assets being:

• Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) – a mutual fund position worth $1,003,294;
• A cottage in Elk Rapids, Michigan – residential real estate valued at $418,200;
• Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) – a mutual fund position worth $382,135;
• Vanguard 500 Index Fund Admiral Shares (VFIAX) – a mutual fund position worth $273,973;
• Voya Financial, Michigan Office Of Retirement Services 401k savings account – a mutual funds position owned by her husband and valued between $100,001 and $250,000. 

Insider trading involvement

Governor Gretchen Whitmer does not own or trade individual stocks (according to her 2023 financial disclosure), which means she is not eligible as a suspect for insider trading. 

Who is Gretchen Whitmer?

Gretchen Whitmer was born in Lansing, Michigan, on August 23, 1971. She has a B.A. in communications from Michigan State University and a J.D. from Michigan State University’s College of Law. Before she entered politics, she worked in private law practice.

She served in the Michigan House of Representatives from 2001 to 2006 and the Michigan Senate from 2006 to 2015, and she was the first woman to be elected Democratic Senate leader from 2011 to 2015.

Whitmer made national headlines for her handling of the COVID-19 pandemic. She issued strict measures to halt the virus’ spread, which earned her both praise and criticism. Additionally, she has become known for her phrase ‘fix the damn roads,’ which highlights her desire to improve Michigan’s infrastructure. Furthermore, she has made a reputation as an advocate for women’s rights and education.

Recommended video: Why Gov. Whitmer Wants To Meet The Trump Supporters Who Plotted To Take Her Life

Gretchen Whitmer remains a high-profile Democrat in national politics. There have been rumors that she might be the Democratic 2024 presidential candidate to replace Joe Biden. However, she has since denied the allegations.

The bottom line

The Michigan Governor’s significant net worth puts her among the more wealthy U.S. officials. According to her 2023 financial disclosure form, Gretchen Whitmer’s net worth is $2.98 million.

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

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