Jonathan Jackson’s net worth revealed: How rich is the U.S. representative from Illinois?

Jonathan Jackson is an American politician and activist who has served as the U.S. representative from Illinois since 2023. The son of Jesse Jackson, a prominent civil rights activist, Jonathan is the former national spokesman for the Rainbow/PUSH Coalition. In addition to activism, he has a successful career in business. Today’s article will explore Jonathan Jackson’s net worth and examine his public sources of income. 

How rich is Jonathan Jackson?

Jackson went to Whitney M. Young Magnet High School in Chicago. He earned a B.A. from North Carolina A&T State University and an MBA from the Kellogg School of Management at Northwestern University. 

He continued his family legacy of human rights activism, traveling with his father to Syria, Cuba, and Venezuela, even meeting Fidel Castro and Hugo Chávez. In 2007, he became the national spokesman for the Rainbow/PUSH Coalition, taking on the issues of innocence, juvenile justice, and prison reform. Afterward, he championed the issue of the closure of Chicago Public Schools and education reform.

Jackson was a successful businessman in addition to his civil rights and social issues engagement. Starting in 1988, he was an investment analyst for Michael Milken, as well as Independence Bank and the Chicago Board of Trade. In 1998, he and his brother became the owners of a Chicago-based Anheuser-Busch Cos. distributorship – River North Sales and Service, LLC. 

Additionally, he has taught finance, entrepreneurship, and business at City Colleges of Chicago and Chicago State University.

In 2022, Jackson entered the race for the U.S. House of Representatives in Illinois’s 1st congressional district and won: Bernie Sanders and other Democratic progressives endorsed him. 

Disclaimer: While we strive to estimate net worth accurately 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. Likewise, state financial forms may omit residential property and liabilities like mortgages.

How did Jonathan Jackson make his money?

Here’s an overview of Jackson’s publicly known career paths and sources of income:

• Politics: Jonathan Jackson’s current position as a U.S. Representative from Illinois comes with an annual salary of $174,000; 

• Activism: Jackson’s family has a solid background in civil rights activism and community engagement. Jonathan himself has been vocal about the public school system, justice reform, and advocating for wrongly accused and innocent prisoners. Additionally, he is the former national spokesman for the Rainbow/PUSH Coalition;

• Business and investment: Jackson was a successful investment analyst before he entered politics. He also owned River North Sales and Service, a Chicago-based Anheuser-Busch Cos. distributorship. Furthermore, he has a significant stock position at Microsoft (NASDAQ: MSFT).

Jonathan Jackson’s assets and liabilities

Jonathan Jackson’s net worth is higher than that of an average House representative. Some of his most valuable assets included in his latest financial disclosure form are:

• Rental property: S. King Drive, Chicago, IL  – a rental property with an estimated value of $250,001 – $500,000;
• S. Cornell Property, Chicago, IL  – a rental property with an estimated value of $100,001 – $250,000;
• R.E. Partnerships 1802 E. 71st St. LLC Roseland Building Venture, Chicago, IL  – a rental property with an estimated value of $100,001 – $250,000;
• Vanguard Target Retirement 2030 Fund (VTHRX)  – a mutual funds position estimated at $100,001 – $250,000;
• Microsoft Corporation (NASDAQ: MSFT) – a stock holding worth between $100,001 – $250,000.

Insider trading involvement

Despite the controversy surrounding Congresspeople trading stocks, Jonathan Jackson has significant stock positions that may point to a breach of law. According to Finbold’s politician stock tracker, he has purchased shares of Hexcel (NYSE: HXL), a military aerospace materials company. What’s more, the purchase came shortly before an “unexpected and unwelcomed visit of U.S. authorities in Niger.”

Who is Jonathan Jackson?

Jonathan Jackson was born in Chicago, Illinois, on January 7, 1966, to Reverend Jesse Jackson, a civil rights leader, and Jacqueline Jackson, also an activist. Being part of a family deeply rooted in activism and public service made a fertile ground for him to engage in activism, too. Before entering politics, he advocated for minority-owned businesses and economic empowerment initiatives.

Before his political career, he was also a successful businessman and educator. He has a background in business, holding an MBA from Northwestern University’s Kellogg School of Management, and has worked in various roles, including as an adjunct professor and investment consultant.

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In Congress, Jackson focuses on issues such as healthcare access, affordable housing, criminal justice reform, and environmental sustainability. He seeks to bring tangible improvement to his district by addressing systemic inequalities and promoting progressive policies.

The bottom line

Jonathan Jackson’s net worth, ranging from $892,038 to $3,239,998, puts him above the average member of Congress in terms of total wealth. That said, a substantial part of his riches came from individual stock trading and investment despite the prohibitions of the STOCK Act. 

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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