How rich is South Dakota senator John Thune; John Thune’s net worth revealed

As a prominent figure in American politics and a US Senator representing South Dakota since 2005, John Thune’s net worth is a topic of public interest. In the following piece, we’ll go through his wealth, assets, and investments, as well as all other relevant financial information concerning this influential member of the Republican Party.

Who is John Thune?

John Thune was born on January 7, 1961, in Pierre, South Dakota. He grew up in Murdo, South Dakota, and earned his bachelor’s degree in Business from Biola University and his MBA from the University of South Dakota. He began his political career as a legislative assistant for US Senator James Abdnor. After working in various roles, including executive director of the South Dakota Republican Party, Thune won a seat in the US House of Representatives in 1996 where he served three terms before being elected to the Senate in 2004.

John Thune’s net worth

According to OpenSecrets, John Thune’s net worth is estimated to be just over $310,512. This figure makes him the 70th of the wealthiest members of Congress, way off as some of his colleagues. However, based on his financial disclosure for year 2023, Thune’s actually worth between $229,028 and $1,009,999.

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 John Thune make his money?

John Thune’s wealth primarily comes from his salary as a US Senator and his investments over the years. As of now, the annual salary for a US Senator is $174,000. In addition to his Senate income, Thune has benefited from various allowances and benefits associated with his role, including travel and office expenses.

Thune has also made significant income through investments in real estate and mutual funds. Over the years, he has built a diverse portfolio that has contributed to his overall net worth. Additionally, Thune’s wife, Kimberley Thune, has worked as an investment manager, further adding to their family’s financial position.

John Thune’s assets

According to his financial disclosure for year 2023, John Thune’s assets range from mutual funds and real estate to corporate securities and bank deposits. Here’s a brief overview of the top 5:

Insider trading involvement

John Thune’s financial dealings have remained relatively clean compared to some other members of Congress. From what we were able to gather, there have been no major scandals or accusations of insider trading involving him.

The bottom line

John Thune’s net worth is somewhere between $229,028 and $1,009,999. While his primary income comes from his salary as a US Senator, his assets and investments actually play a significant role in building his wealth. Still, Thune is a long way from some of his Congress peers, with more than just a few million dollars to their names.

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