The billionaire businessman and Governor of West Virginia has now become the new US Senator from West Virginia. With his business ventures spanning coal, agriculture, and real estate, Jim Justice’s net worth is a topic of interest for all Americans.
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Who is Jim Justice?
Jim Justice is an American businessman and politician. He is currently the 36th Governor of West Virginia, a position he has held since 2017. He initially ran for governor as a Democrat but switched to the Republican Party in 2017. In November 2024, he won the US Senate race in West Virginia, succeeding Joe Manchin.
Before his political career, Justice built a successful business empire, including coal mining, agriculture, and real estate. Justice is known for owning the Greenbrier Resort, a historic luxury hotel in White Sulphur Springs.
Jim Justice’s net worth
In 2021, Forbes reported that Jim Justice was no longer a billionaire after an $850 million debt to the insolvent Greensill Capital was revealed. The debt significantly impacted his net worth, which had previously been estimated at $1.2 billion.
Disclaimer: Estimating a US Senator’s net worth is challenging because disclosure forms do not mandate exact values. Instead, they 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.
Jim Justice’s assets
According to his 2024 candidate report, Jim Justice’s assets are valued from $1,244,757,129 to $1,868,731,000, with liabilities ranging from $87,560,013 to $158,115,000. Out of all these assets, the most valuable ones include:
- Justice Receivable, accounts receivable from a business, valued over $50 million;
- Southern Coal Receivable, accounts receivable from a business, valued over $50 million;
- Justice, LLC Receivable, accounts receivable from a business, valued over $50 million;
- Southern Coal Sales Receivable, accounts receivable from a business, valued over $50 million;
- Justice Low Seam Investment, corporate securities non-public stock, valued over $50 million.
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Controversies
Throughout his career, Jim Justice has faced several controversies. Namely, in the final weeks of his administration, he appointed his wife, Cathay Justice, to a 9-year term on the state school board, a move that sparked accusations of nepotism.
Furthermore, Justice has been criticized for his poor attendance record. Critics raised concerns about whether he will be committed to the demands of commuting between West Virginia and Washington DC, regularly.
On top of these, Jim Justice faced numerous financial issues with his businesses, including loan defaults, late payments, and court fines. His family recently paid a debt obligation to prevent the auction of his Greenbrier resort’s historic hotel.
Personal life
Jim Justice was born on April 27, 1951, in Charleston, West Virginia. He grew up in Raleigh County and attended the University of Tennessee on a golf scholarship before transferring to Marshall University. At Marshall, he was a two-year captain on the Thundering Herd golf team and earned both his bachelor’s degree and an MBA.
Justice met his wife, Cathy Comer, in high school, and they married in 1975. They have two children, Jay Justice and Dr. Jill Justice. The family resides in Lewisburg, West Virginia, and they chose not to live in the Governor’s Mansion.
The bottom line
Jim Justice will be the wealthiest US Senator of all time with a net worth ranging from $1,086,642,129 to $1,781,170,987. Most of his wealth comes from his successful business career which spans years prior to his beginnings in politics.
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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.
FAQs about Jim Justice’s net worth
How much is Jim Justice worth?
Jim Justice’s net worth is somewhere between $1,086,642,129 and $1,781,170,987, making him one of the wealthiest US Senators.
How did Jim Justice make his money?
Jim Justice’s primary income source is his coal mining business, Bluestone Resources.
Does Jim Justice still run his businesses?
Justice’s children now manage the family businesses, allowing him to focus on his political career. However, he remains closely connected to these ventures.
What properties does Jim Justice own?
Justice owns several properties, including the Greenbrier Resort, agricultural land, and real estate holdings across West Virginia and neighboring states.
