How rich is Alaska’s first woman senator: Lisa Murkowski’s net worth revealed

Lisa Murkowski is an American attorney and politician who has served as the U.S. Senator from Alaska since 2002. She is the first woman to become a U.S. Senator from Alaska. Today’s article will estimate Senator Lisa Murkowski’s net worth and uncover her potential sources of income. 

How rich is Lisa Murkowski?

Lisa Murkowski has a B.A. in economics from Georgetown University and a J.D. from Willamette University College of Law. She was an attorney in the Anchorage District Court Clerk’s office from 1987 to 1989, then moved on to private practice until 1998. Notably, she was a part of the Mayor’s Task Force for the Homeless from 1990 to 1991. 

Murkowski’s first steps in her political career came in 1998 when she was elected to the Alaska House of Representatives. In December 2002, her father resigned his seat in the Senate in order to become the governor of Alaska and appointed his daughter to his now-vacant seat in a move that caused controversy. She was re-elected four times and continues to occupy the position.

Her career as a lawyer and then as a politician allowed her to accumulate a sizeable net worth.

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 Lisa Murkowski make her money?

Murkowski has a career background in law practice and politics. Her publicly available sources of income include:

• Attorney career: Lisa Murkowski received her J.D. from Willamette University in 1985. After she graduated, she entered various law practices and spent 11 years as an attorney;
• Politics: Murkowski began her political career in 1998 when she was elected an Alaska House of Representatives member. Today, she is a U.S. Senator from Alaska, which comes with an annual salary of $174,000;
• Investing: Lisa Murkowski has also invested heavily in various financial assets, including savings accounts, mutual funds, and even a substantial individual stock position in a publicly traded company, Wells Fargo (NYSE: WFC).

Lisa Murkowski’s assets

Murkowski’s 2023 financial disclosure report confirms the Senator from Alaska’s abundant portfolio of assets, including:

• Basement apartment as a rental property (Washington, DC) – valued between $500,001 and $1,000,000;
• Wells Fargo & Company (NYSE: WFC) shares – an individual stock position valued between $250,001 and $500,000;
• National Capital Bank bank deposit – valued between $50,001 and $100,000;
• S&P 500 SPDR (SPY) – a mutual funds position valued between $50,001 and $100,000;
• Vanguard Intermediate-Term Tax-Exempt Fd Admiral (VWIUX) – a mutual funds position valued between $50,001 and $100,000.

Insider trading involvement

Senator Lisa Murkowski was the sole sitting Republican senator who voted to ban Congresspeople from trading stocks in 2022. She also owns a significant amount of individual stock in Wells Fargo, valued between $250,001 and $500,000. However, she has not been accused of insider trading yet.

Who is Lisa Murkowski?

Lisa Ann Murkowski was born in Ketchikan, Alaska, on May 22, 1957. She holds a B.A. in economics from Georgetown University and a J.D. from Willamette University College of Law. Before she became a politician, she had eleven years of experience in private law practice. 

A member of the Republican Party, she entered politics by getting elected into the Alaska House of Representatives. In 2002, her father appointed her to the U.S. Senate, causing significant controversy. However, she has been reelected ever since. 

Murkowski has built a reputation as a moderate and frequently independent from most other Republican officials. 

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She has often crossed party lines and emphasized bipartisan cooperation, focusing on energy development, particularly in Alaska, healthcare reform, and Native Alaskan rights. Her centrist approach often empowered her to swing a vote on critical issues, turning her into one of the most influential players in the U.S. Senate.

The bottom line

The Senator from Alaska’s moderate wealth falls into the average category compared to the rest of the U.S. Senators. Specifically, Lisa Murkowski’s net worth is between $1.17 million and $3.16 million.

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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