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How rich is the first female Senator from Minnesota: Amy Klobuchar’s net worth revealed

How rich is the first female Senator from Minnesota: Amy Klobuchar’s net worth revealed
Nemanja Curcic

Amy Klobuchar is an American politician and lawyer who has served as the Senator from Minnesota since 2007. A prominent Democrat, she is Minnesota’s first elected female senator. In addition to her salary from politics, she has additional sources of income. Today, we’ll delve into Amy Klobuchar’s net worth and uncover how exactly she made her money. 

How rich is Amy Klobuchar?

Amy Klobuchar was valedictorian at Wayzata High School. She went on to receive her B.A. magna cum laude in political science from Yale University. After Yale, she attended the University of Chicago Law School, where she obtained her J.D. with high honors in 1985.

While at Yale, Klobuchar wrote Uncovering the Dome, a case study that described a decade of political maneuvering related to the building of the Hubert H. Humphrey Metrodome in Minneapolis. She would write three more books, and the contributions earned from her writing significantly contributed to her total wealth.

After finishing law, Amy Klobuchar found a job as a corporate lawyer. Her entry into the political arena came after she gave birth and had to leave the hospital 24 hours later, despite her daughter being born with a disorder. She would advocate for a bill that would make sure new mothers had a guaranteed 48-hour hospital stay: the bill was ultimately signed by President Clinton and made federal law.

Additionally, Klobuchar made six figures each year from her teaching positions at George Washington University and the University of Baltimore.

Finally, the Klobuchar couple significantly invested in mutual funds and contributed to their retirement accounts, which form a sizeable chunk of Amy Klobuchar’s net worth.

What is Amy Klobuchar’s net worth?

In the 2018 report, OpenSecrets estimated Amy Klobuchar’s net worth at $1.32 million. In 2019, Forbes reported the Klobuchar couple’s total net worth to be approximately $2 million. Her 2023 financial disclosure form indicates that her net worth is somewhere between $471,000 and $2.615 million.

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 Amy Klobuchar make her money?

Amy Klobuchar’s net worth has been built on several different sources:

  • Politics: Amy Klobuchar was elected County Attorney of Hennepin County in 1999 and served until 2007. She became the Senator from Minnesota in 2007 and continues to hold that position, along with an annual salary that is currently $174,000;
  • Book royalties: Klobuchar has written a total of four books: Uncovering the Dome, an autobiography, The Senator Next Door: A Memoir from the Heartland, a sprawling historical antitrust law overview titled Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age, and The Joy of Politics. According to her 2023 financial disclosure form, the royalties earned her over $86,000 that year;
  • Investing in retirement accounts and mutual funds: According to publicly disclosed tax forms, Amy Klobuchar and her husband, John Bessler, are avid investors. In 2021, their total investments were estimated to be worth between $1.19 million and $2.78 million—at the very least.

Insider trading involvement

Amy Klobuchar and her husband are investing in mutual funds, but she was never accused of insider trading. Furthermore, she was among the senators who supported STOCK Act in the first place and said in 2012:

“No one is above the law in this country – least of all the lawmakers. This common sense bill will strengthen our democracy by ensuring no federal employee or member of Congress can profit from nonpublic information they’ve obtained through their position.”

As a senator, Amy Klobuchar’s financial activities are closely observed and subject to the STOCK Act, which forbids the use of insider information for private profit, including insider trading.

Who is Amy Klobuchar?

Amy Klobuchar was born on May 25, 1969, in Plymouth, Minnesota. Her parents divorced when she was 15, and the event thoroughly affected her family. According to her memoir, to assist her father in financing her studies, she earned extra money by being a paid subject in scientific studies and taking jobs in construction. 

She went on to earn her law degree from the University of Chicago Law School. She started in private practice before becoming the Hennepin County Attorney in 1999, a position she held until she was elected to the Senate.

Recommended video: Who Is Amy Klobuchar? | 2020 Presidential Candidate | NYT News

As a moderate Democrat, she would greatly contribute to bipartisan efforts. She put her legislative efforts into healthcare reform, economic issues, and protecting consumer rights. Klobuchar was vital in crafting the 21st Century Cures Act, the goal of which was to hasten medical product development and deliver innovations directly to patients at an increased pace.

She entered the 2020 presidential race relying on her practical approach and specific Midwest character. However, she ultimately dropped out of the race and endorsed Joe Biden. She has left a lasting legacy for being vocal about election security, antitrust issues, healthcare reforms, and veterans’ affairs.

Ultimately, one of her greatest contributions was the betterment of rural communities and her efforts to expand their infrastructure.

The bottom line

Known for her resilience, practicality, and commitment to public service, Klobuchar has made a lasting influence on the domain of U.S. politics. However, she has made a sizeable wealth in the process. In fact, Amy Klobuchar’s net worth is variously estimated to be somewhere between $471,000 and $2.615 million, which makes her one of the more well-off figures in the U.S. Senate.

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

FAQs about Amy Klobuchar net worth

What is Amy Klobuchar's net worth?

According to her publicly available 2023 financial disclosure form, Amy Klobuchar’s net worth is between $471,000 and $2.615 million.

What ethnicity is Amy Klobuchar?

Amy Klobuchar’s father, Jim, was of Slovene descent.

What is Amy Klobuchar's most valuable asset?

Amy Klobuchar’s most valuable asset is her State Street Russell Small Cap Index Non-Lending Series Fund Class K mutual funds position valued between $250,001 and $500,000.

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