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How rich is New Mexico senator Martin Heinrich; Martin Heinrich’s net worth revealed

How rich is New Mexico senator Martin Heinrich; Martin Heinrich's net worth revealed
Bogdan Stojkov

If you ever wondered about Martin Heinrich’s net worth, you’ve come to the right place. In this piece, we’ll dissect the New Mexico representative’s personal finances, exploring his assets, investments, and all other relevant information.

Who is Martin Heinrich?

Martin Heinrich is a United States Senator representing New Mexico. He graduated from the University of Missouri with a degree in mechanical engineering and later moved to Albuquerque, New Mexico. Before his Senate career, Heinrich served in the House of Representatives and held various local government positions, including as an Albuquerque City Councilor.

Martin Heinrich’s political views

Heinrich is known for his commitment to renewable energy and wildlife conservation, making significant contributions to both his state and national policies.

Martin Heinrich’s net worth

According to OpenSecrets’ report from 2018, Martin Heinrich’s net worth was $309,017. However, based on his 2023 financial disclosure report, he is actually worth anywhere between -$289,979 and $563,998.

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 Martin Heinrich make his money?

Here’s a brief overview of Martin Heinrich’s income sources:

  • Senate salary: As a US Senator, Heinrich earns a base salary of around $174,000 per year;
  • Investments: Heinrich has invested in various mutual funds and other financial instruments that have appreciated over time;
  • Previous salaries: Prior to his Senate career, Heinrich earned salaries from his roles in the House of Representatives and local government.

Martin Heinrich’s assets

Martin Heinrich’s 2023 financial disclosure report suggests that his total assets range from $260,021 to $829,000, with minimum and maximum liabilities being $265,002 and $550,000. Out of all of his assets, the most valuable ones include:

  • Public Employees Retirement Association of New Mexico retirement plan, valued between $100,001 and $250,000;
  • Scholar’s Edge Today Portfolio A mutual fund, valued between $50,001 and $100,000;
  • JPMCB SmartRetirement DRE 2040 Fund-CF-A mutual fund, valued between $50,001 and $100,000.

Was Martin Heinrich ever involved in insider trading?

What is insider trading?

Insider trading involves buying or selling a publicly traded company’s stock based on material, non-public information about the company. This practice is illegal as it gives an unfair advantage to those with privileged information, undermining market integrity and investor trust.

From what we were able to find out, it appears that Senator Heinrich was never involved in any insider trading activity. He appears to adhere to the ethical standards required of him and his position in the United States Congress.

The bottom line

With a pretty clean record throughout his political career and a relatively modest net worth ranging from -$289,979 and $563,998, Martin Heinrich has more in common with average Americans than most of his Senate peers. Due to reported liabilities, there’s a slight chance of him being in debt. However, he’s not alone in Congress with a negative net worth, with Tom Cotton and Bill Cassidy keeping him company.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about Martin Heinrich’s net worth

What is Martin Heinrich’s net worth?

According to his 2023 financial disclosure report, Martin Heinrich’s net worth is somewhere between -$289,979 and $563,998.

How does Martin Heinrich earn his income?

Martin Heinrich earns his income primarily from his salary as a US Senator, which is around $174,000 per year. He also earns money from investments.

Has Martin Heinrich been involved in any financial scandals?

No, Martin Heinrich has not been involved in any financial scandals. He adheres to strict ethical guidelines and financial disclosure requirements as a public servant.

What kind of investments does Martin Heinrich have?

Martin Heinrich has a diversified investment portfolio, including mutual funds, retirement accounts, and bank deposits. These investments contribute to his overall net worth through capital gains and dividend income.

How transparent is Martin Heinrich about his finances?

Martin Heinrich is transparent about his finances, adhering to the financial disclosure requirements mandated for public officials. His investments and assets are publicly disclosed, ensuring accountability and transparency.

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