Kevin Cramer’s net worth has become a topic of interest as the North Dakota senator continues to shape policies and decisions in Washington. Hence, in the following piece, we’ll get into his finances, exploring his assets, investments, as well as all other relevant information.
Who is Kevin Cramer?
Kevin Cramer is a prominent American politician serving as the junior United States senator from North Dakota. Before his tenure in the Senate, he represented North Dakota’s at-large congressional district in the US House of Representatives from 2013 to 2019. As a member of the Republican Party, Cramer is known for his conservative stance on various issues, including energy policy, healthcare, and fiscal responsibility.
Kevin Cramer’s net worth
According to OpenSecrets’ report for the year 2018, Kevin Cramer’s net worth was $499,507. Nevertheless, based on his 2023 financial disclosure report, Cramer is actually worth between –$42,988 and $930,999.
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 Kevin Cramer make his money?
Kevin Cramer’s wealth comes from a combination of his political career, private sector roles, and prudent investments. Here’s a breakdown of the primary sources of his income:
- Political salary: As a US senator, Cramer earns an annual salary of approximately $174,000. His previous role in the House of Representatives also contributed to his income;
- Business ventures: Before his full-time political career, Cramer worked in various capacities within the private sector, including positions in energy companies and consulting roles;
- Investments: Cramer has made several investments in stocks, mutual funds, and real estate;
- Consulting and advisory roles: His expertise in energy and policy has led to lucrative consulting and advisory positions, further enhancing his earnings.
Kevin Cramer’s assets
According to his annual financial report, Kevin Cramer holds 15 assets, ranging from $457,012 to $1,181,000. He has only one reported liability, with a minimum value of $250,001 and a maximum value of $500,000. That said, his top assets are:
- T-C Lifecycle 2025-Rtmt mutual fund worth $250,001-$500,000;
- CREF Growth R1 (CREF V148064-8) mutual fund worth $50,001-$100,000;
- CREF Equity Index R1 (CREF V148064-8) mutual fund worth $50,001-$100,000;
- CREF Stock R1 (CREF V148064-8) mutual fund worth $15,001-$50,000;
- CREF Global Equities R1 (CREF V148064-8) mutual fund worth $15,001-$50,000.
Was Kevin Cramer involved in insider trading?
What is insider trading?
In 2020, several members of the United States Senate were accused of violating the STOCK Act by selling stock at the start of the COVID-19 pandemic and just before a stock market crash. Senator Cramer wasn’t mentioned directly, and no charges were brought against anyone. Also, all investigations into the matter were closed.
How much is Kevin Cramer worth?
Kevin Cramer’s net worth is somewhere between –$42,988 and $930,999, making him one of the less wealthy US Senators. Moreover, his annual report suggests he may be in debt, as his net worth could potentially fall into negative territory.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
