Given her public profile and the nature of her work, there’s much speculation about California Senator Laphonza Butler’s net worth. In the following piece, we’ll explore her finances, going through her assets, investments, and all other relevant information.
Who is Laphonza Butler?
Born on May 11, 1979, in Magnolia, Mississippi, Laphonza Butler is an American labor union official and politician who currently serves as the junior United States senator from California. She graduated from Jackson State University with a bachelor’s degree in political science and began her career as a union organizer for various workers across the US.
At the age of 30, she was elected President of California’s largest homecare and nursing home workers union, SEIU Local 2015, and also served as president of the California SEIU State Council. Butler has also been involved in Democratic politics and campaign strategy for two decades, playing a central role in Kamala Harris’s 2020 presidential campaign.
First openly lesbian African American to serve in the Senate
Laphonza Butler’s net worth
Based on her New Filer Report for 10/03/2023, Laphonza Butler’s net worth is somewhere between –$670,972 and $559,999.
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 Laphonza Butler make her money?
Laphonza Butler’s wealth primarily comes from her roles in labor unions and politics. That said, here’s a closer look at her financial journey:
- Labor union salary: As the President of SEIU Local 2015, Butler earned an annual salary. This particular income is what formed the foundation of her wealth;
- Political career: After transitioning into politics, Butler’s salary as a California Senator further boosted her earnings, making $174,000 annually;
- Consulting and advisory roles: Butler has also served in various consulting and advisory capacities, including Kamala Harris’ 2020 presidential run, providing strategic insights to organizations and individuals, adding to her income.
Butler’s assets and investments
Like many of her peers, Senator Butler has diversified her wealth through investments and asset management. Her total asset portfolio is worth $329,028-$1,060,000, and includes the following assets:
- Real estate: Butler owns a single family residence in Los Angeles, valued between $1 and $5 million;
- Stock investments: She holds various mutual funds and ETFs;
- Retirement accounts: Like many in politics and in general, the California Senator has invested in retirement accounts to secure her financial future;
- Bank deposits: Butler has bank deposits in Navy Federal Credit Union and Bank of America (NYSE: BAC) around 150,000 and 350,000.
Insider trading involvement
There is no public information or news reports indicating that Laphonza Butler has been involved in any insider trading activities. Namely, such financial activities are closely monitored by regulatory bodies such as the Securities and Exchange Commission (SEC), and if any allegations or investigations were to take place, we would have found out by now.
What is insider trading?
The bottom line
Laphonza Butler’s net worth, estimated to be between -$670,972 and $559,999, positions her in the middle range among her senatorial colleagues. Both as a labor leader and a California Senator, she demonstrates determination and dedication and her financial growth stems from legitimate earnings, with no public record of controversy.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about Laphonza Butler’s net worth
Who is Laphonza Butler?
Laphonza Butler is a California senator known for her work in politics, advocacy, and labor organizations. She has served in various leadership roles and has been an influential figure in advocating for workers’ rights and social justice.
What is Laphonza Butler's net worth?
Laphonza Butler’s net worth is estimated between -$670,972 and $559,999, positioning her way behind some of her senatorial colleagues like Rick Scott, Mitt Romney, and Richard Blumenthal.
What are some of the key positions Laphonza Butler has held?
Laphonza Butler has held key positions such as President of SEIU Local 2015, one of the largest labor unions in California, and she has served as a senior advisor and strategist for political campaigns and organizations.
