Representing Louisiana in the US Senate, Senator John Kennedy’s net worth is a focal point for many curious Americans. In this piece, we’ll take a look at his wealth, assets, and investments, as well as any related insider trading controversies.
Who is John Kennedy?
John Kennedy was born on November 21, 1951, in Centreville, Mississippi. He attended Vanderbilt University, where he earned his Bachelor of Arts in Political Science, Philosophy, and Economics. Later, he received a law degree from the University of Virginia School of Law and completed his education with a Bachelor of Civil Law from Oxford University in England.
Kennedy started his political career as a Democrat but switched to the Republican Party in 2007. He has served in various capacities, including Secretary of the Louisiana Department of Revenue and Treasurer of Louisiana. He became a US Senator in 2017.
Senator John Kennedy’s net worth
Senator John Kennedy’s net worth was estimated to be around $12.14 million in 2016 according to OpenSecrets. However, more recent data (his financial disclosure report for year 2022) suggests otherwise. His actual net worth is somewhere between $6,888,040 and $17,863,999, making him one of the richer US Senators.
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 John Kennedy make his money?
John Kennedy built his wealth through a combination of his salary, legal practice, and investments.
Salary
As a US Senator, Kennedy earns an annual salary of $174,000. Before his Senate career, he also drew earnings from his time as Louisiana’s State Treasurer and his legal practice.
Other sources of income
In addition to his salary, Kennedy has made money through:
- Legal practice: Kennedy worked at prestigious law firms and held significant legal positions before his full-time political career;
- Investments: Kennedy made savvy investments over the years, contributing significantly to his net worth;
- Book royalties: Kennedy has authored books and articles, earning royalties that add to his income.
Kennedy’s assets and investments
Senator John Kennedy has a diversified portfolio with stakes in various publicly traded companies. His assets in 2022 total between $7,138,040 and $17,964,000. Some of his notable assets include:
- 102 acres on Church Street valued between $1,000,001 and $5,000,000;
- iShares Core S&P 500 mutual funds valued between $500,001 and $1,000,000;
- MRGKX MFS Core Equity R6 mutual fund valued between $500,001 and $1,000,000.
Insider trading involvement
Insider trading has become a hot topic in politics, with several lawmakers facing scrutiny. However, there have been no significant allegations or evidence suggesting that Senator John Kennedy engaged in insider trading.
Holding Foreign Insiders Accountable Act
How much is John Kennedy worth?
Senator John Kennedy’s net worth stands between $6,888,040 and $17,863,999. His financial portfolio, which is largely composed of various business interests and mutual fund investments, is the main source of his wealth. Interestingly, his tenure as a senator and his political endeavors do not appear to have a significant impact on his financial status.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
