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How rich is Texas senator John Cornyn; John Cornyn’s net worth revealed

How rich is Texas senator John Cornyn; John Cornyn's net worth revealed
Bogdan Stojkov

As one of the leading Texan politicians in Congress, John Cornyn’s net worth is more than an attractive topic for average Americans. In the following piece, we’ll go through a complete rundown of his assets, investments, and all other relevant financial info to explain his wealth. Note that these figures aren’t fully accurate but mere estimates based on varying sources.

Who is John Cornyn?

John Cornyn III is an American politician, attorney, and former jurist who’s been serving as the senior United States senator from Texas since 2002. He is a member of the Republican Party, and in his fourth term in the US Senate, he currently sits on the Senate Finance, Intelligence, and Judiciary Committees.

Before his tenure in the Senate, Cornyn served on the Texas Supreme Court from 1991 to 1997 and as the attorney general of Texas from 1999 to 2002. He was also a judge on Texas’s 37th District Court from 1985 to 1991.

In the Senate, Cornyn has held several leadership roles. He chaired the National Republican Senatorial Committee from 2009 to 2013 and served as the Senate majority whip for the 114th and 115th Congresses.

Cornyn was born in Houston, Texas, and is a graduate of Trinity University and St. Mary’s University School of Law. He received an LL.M. degree from the University of Virginia School of Law.

John Cornyn’s net worth

According to OpenSecrets, John Cornyn’s net worth in 2018 was estimated to be around $1,884,500. Still, based on his financial disclosure report for year 2023, Cornyn’s actual net worth can be anywhere between $22,873 and $1,734,996.

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 Cornyn make his money?

From what we were able to gather, Texas Senator John Cornyn’s wealth primarily comes from the following sources:

  • Senate salary: As a US Senator from Texas, John Cornyn earns a yearly income. His income is $174,000, which is a standard Senate salary;
  • Investments and retirement plans: Cornyn has invested in mutual funds, retirement plans, and corporate securities. He also earns income from his investment in fixed-income annuities;
  • Retirement plans: The same source suggests that Cornyn generates income from retirement plans which also contribute to his net worth.

John Cornyn’s assets and investments

Cornyn’s financial disclosure report reveals that the Texas Senator holds 18 assets, totaling between $872,873 to $2,115,000 for 2023. The top ones include:

OrganizationIndustryMinimum valueMaximum value
American Funds Growth Fund of AmericaMutual fund$100,001$250,000
Fundamental Investors Class AMutual fund$100,001$250,000
American Funds Investment CO of America AMutual fund$100,001$250,000
Capital Income Builder CI A ShsMutual fund$50,001$100,000
Judicial Retirement System of TexasRetirement plan$50,001$100,000
Senator Cornyn’s top 5 assets. Source: efdsearch.senate.gov

John Cornyn’s legislative integrity and contributions

No public records or reports indicate that John Cornyn was involved in insider trading activities. That said, let’s take a look at his legal and ethical records, considering his key role in the US Congress.

  • Legislative record: Cornyn has been an active legislator. During the 117th Congress (Jan 3, 2021-Jan 3, 2023), he introduced 34 bills that became law. In the 116th Congress (Jan 3, 2019-Jan 3, 2021), he introduced 19 bills that became law;
  • Ethical record: After Cornyn took office as Texas Attorney General, he asked Houston plaintiffs attorney Mike Gallagher, whom Morales had hired to argue a complex case in court, to subject his fee to legislative approval—a requirement that has since become state law;
  • Gun control: Cornyn laid down a red line on behalf of Republicans as any bill that restricted the gun rights of law-abiding citizens, like an assault weapons ban, was a non-starter.

How much is John Cornyn worth?

John Cornyn’s net worth is between $22,873 and $1,734,996. However, despite being a millionaire with a seven-figure net worth, we must point out that he isn’t among the wealthiest US politicians. In fact, many of his peers have significantly more money to their names.

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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