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How rich is Wisconsin senator Tammy Baldwin; Tammy Baldwin’s net worth revealed

How rich is Wisconsin senator Tammy Baldwin; Tammy Baldwin's net worth revealed
Bogdan Stojkov

As a prominent political figure in Wisconsin for many years, many people wonder about Tammy Baldwin’s net worth and how she accumulated her wealth. In the following text, we’ll provide a full rundown of her assets, investments, and all other relevant info.

Who is Tammy Baldwin?

Born on February 11, 1962, in Madison, Wisconsin, Tammy Baldwin is a prominent politician and attorney. She represents Wisconsin as a Senator, a role she has held since 2013. Baldwin graduated from Smith College in 1984 and earned her law degree from the University of Wisconsin Law School in 1989. Her political career began in the Wisconsin State Assembly, where she served from 1993 to 1999.

In 1999, Baldwin made history as the first openly gay woman elected to the US House of Representatives, representing Wisconsin’s 2nd congressional district. She continued to break barriers by becoming the first openly gay person elected to the US Senate in 2012. Known for her advocacy on healthcare, LGBTQ+ rights, and economic issues, Baldwin has been a vocal supporter of the Affordable Care Act and veterans’ affairs.

Tammy Baldwin’s net worth

According to OpenSecrets, Tammy Baldwin’s net worth was $1,147,003 in 2018. However, her financial disclosure report for year 2023 suggest that her actual net worth can be anywhere between $101,003 and $1,014,999.

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 Tammy Baldwin make her money?

Tammy Baldwin’s primary source of income is her salary as a US Senator, which is $174,000 annually. Before her tenure in the Senate, she earned a similar salary as a member of the House of Representatives. Additionally, Baldwin receives benefits and allowances related to her role, which contribute to her overall compensation.

Besides her salary, Baldwin has made several investments over the years. These investments have contributed significantly to her net worth, with her financial disclosures revealing a diversified portfolio.

Income sources

  • Annual salary of $174,000 as a US Senator;
  • Benefits and allowances associated with her political roles;
  • Investments in stocks and mutual funds.

Tammy Baldwin’s assets and investments

Senator Tammy Baldwin’s total assets range from $601,003 to $1,265,000, according to her financial disclosure report for year 2023. She reported four assets, with the following values:

  • Qualified Blind Trust (Senate approved QBT) trust blind valued between $500,001 and $1 million;
  • Summit Credit Union bank deposit valued between $100,001 and $250,000;
  • US Senate Federal Credit Union bank deposit valued between $1,001 and $15,000;
  • An unascertainable Wisconsin Retirement System retirement plan.

Insider trading involvement

Tammy Baldwin has not been involved in any insider trading scandals. Her financial activities and investments appear to remain transparent and within legal boundaries. Unlike some of her peers, Baldwin has managed to keep her financial dealings clean, avoiding the controversies that have plagued other politicians.

The bottom line

With no financial controversies and a net worth anywhere between $101,003 and $1,014,999, Tammy Baldwin has managed to keep her reputation afloat, unlike some of her peers. Nevertheless, it’s safe to say that in terms of finances, she’s miles away from average Americans.

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

FAQs about Tammy Baldwin’s net worth

Who is Tammy Baldwin?

Tammy Baldwin is a US Senator from Wisconsin, serving since 2013. She is a member of the Democratic Party and was the first openly gay person elected to the US Senate.

What is Tammy Baldwin's net worth?

Based on her latest financial disclosure report, Tammy Baldwin’s net worth is somewhere between $101,003 and $1,014,999.

What is Tammy Baldwin's most valuable asset?

Tammy Baldwin’s most valuable asset is Qualified Blind Trust (Senate approved QBT) trust blind valued between $500,001 and $1 million.

How does Tammy Baldwin's net worth compare to other US Senators?

Tammy Baldwin has a relatively modest net worth, compared to some of her Senate peers, such as Rick Scott, Mitt Romney, and Richard Blumenthal.

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