With an impressive political career, many people now wonder about Kirsten Gillibrand’s net worth and how she amassed her wealth. In the following piece, we’ll explore all relevant financial data regarding the New York Senate representative.
Who is Kirsten Gillibrand?
Kirsten Gillibrand is a prominent American politician. Raised in a politically active family in Albany, New York, she earned her degrees from Dartmouth College and UCLA School of Law. Gillibrand began her career as a lawyer at Davis Polk & Wardwell, specializing in securities litigation and white-collar criminal defense.
In 2006, she entered politics, winning a seat in the US House of Representatives for New York’s 20th congressional district. In 2009, Governor David Paterson appointed her to the US Senate to replace Hillary Clinton. Gillibrand has since been re-elected multiple times.
As a senator, she advocates for women’s rights, healthcare reform, and veterans’ affairs. She authored “Off the Sidelines,” encouraging women’s political engagement.
Kirsten Gillibrand’s net worth
According to OpenSecrets, Kirsten Gillibrand’s net worth is estimated to be around $296,000. However, based on her financial disclosure report for year 2023, Senator Gillibrand’s total assets range from $1,215,004 and $5,550,000.
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 Kirsten Gillibrand make her money?
Kirsten Gillibrand earns her money primarily through her salary as a United States senator. Senators receive a base annual salary of $174,000. Additionally, Gillibrand benefited from investments and family wealth. On top of that, she worked as a lawyer before entering politics, which also contributed to her financial foundation.
- Senate salary: $174,000 per year;
- Previous legal career: Undisclosed substantial income as a corporate lawyer;
- Book deals and speaking engagements: According to Yahoo Finance, Gillibrand received a $50,000 book payment for her children’s book “Bold & Brave”.
Gillibrand’s assets and investments
Kirsten Gillibrand’s assets include a mix of real estate, investments, and savings. She owns a home in Brunswick, New York, and an apartment in Washington, D.C. Furthermore, her financial disclosure shows a range of investments, including:
- Citi Money Market & Checking bank deposit worth between $1,000,001 and $5,000,000;
- US Senate Federal Credit Union bank deposit worth between $100,001 and $250,000;
- US Senate Federal Credit Union bank deposit worth between $15,001 and $50,000;
- TrustCo Bank deposit worth between $100,001 and $250,000.
Insider trading involvement
In recent years, there have been questions regarding senators’ involvement in insider trading, a practice where individuals trade stocks based on non-public information. Nevertheless, Gillibrand has not faced any accusations or investigations regarding insider trading. In fact, she advocated for stricter regulations and transparency in financial dealings for members of Congress, further distancing herself from such controversies.
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012
How much is Kirsten Gillibrand worth?
Kirsten Gillibrand’s total assets range from $1,215,004 and $5,550,000 illustrating her stable and comfortable financial status. Despite recent questions regarding senators’ net worth and insider trading involvement, the New York Senate representative keeps a clean slate in that regard, maintaining a prominent position in American politics.
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