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How rich is Colorado senator Michael Bennet; Michael Bennet’s net worth revealed

How rich is Colorado senator Michael Bennet; Michael Bennet's net worth revealed
Bogdan Stojkov

The US Senator from Colorado has established himself as a notable figure in American politics. In this article, we’ll delve into Michael Bennet’s net worth, assets, and investments, as well as all other relevant financial information related to him.

Who is Michael Bennet?

Michael Bennet was born in 1964, in New Delhi, India, where his father worked as an aide to the US ambassador. Bennet grew up in Washington, D.C., and later earned his bachelor’s degree from Wesleyan University. He also holds a law degree from Yale Law School. Before entering politics, Bennet built a successful career in business and law.

Bennet served as the Superintendent of Denver Public Schools from 2005 to 2009, making significant strides in improving the district’s performance. In 2009, Colorado Governor Bill Ritter appointed Bennet to the US Senate, filling a vacancy. He has since been re-elected multiple times and has become known for his work on education reform, health care, and fiscal policy.

Michael Bennet’s net worth

According to OpenSecrets, Senator Michael Bennet of Colorado had an estimated net worth of $15,706,014 in 2018. This is almost one million less than what he was worth a few years prior, according to a previous report from OpenSecrets. Still, based on his 2022 financial disclosure report, we estimated his net worth to be somewhere between $6,672,030 and $29,679,999. Either way, Bennet is doing more than okay for himself, especially if we consider an average American’s 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 Michael Bennet make his money?

Michael Bennet’s wealth comes from a combination of his professional career, investments, and his salary as a US Senator.

Namely, before entering politics, Bennet worked in several high-paying roles. He started his career as a law clerk and then worked as a counsel to the US Deputy Attorney General. He later joined the investment firm Anschutz Investment Company, where he worked as a managing director—a role which significantly boosted his earnings.

Furthermore, as a US Senator, Bennet earns an annual salary of $174,000. This salary, while substantial, constitutes only a part of his overall income. His investments and other business ventures significantly augment his earnings.

Michael Bennet’s assets and investments

When it comes to assets and investments, it’s safe to say that Senator Bennet has quite a diverse portfolio. According to the mentioned OpenSecrets’ report from 2018, his investments span across various industries, with significant investments in and telephone utilities. That said, his top assets include the Canyon Balanced Fund LP and Charles Schwab Bank (NYSE: SCHW), each valued between $1,000,001 and $5,000,000.

Michael Bennet insider trading involvement

There have been some news reports discussing allegations regarding Senator Michael Bennet’s involvement in insider trading. However, it’s important to note that these are allegations and not proven facts and that Bennet has denied these claims.

What is insider trading?

Insider trading involves buying or selling stocks or other securities based on material, non-public information about the company. This practice is illegal because it gives an unfair advantage to those with privileged information, undermining market integrity and investor confidence.

The bottom line

Senator Michael Bennet’s net worth of between $6,672,030 and $29,679,999 mostly comes from his successful business and law career before entering politics. Although there have been certain allegations regarding insider trading, none of them were proven, with the Colorado Senator denying these rumors. Nevertheless, Michael Bennet is one of the richer US Senators, holding the 12th place among his peers back in 2018.

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

FAQs about Michael Bennet’s net worth

What is Michael Bennet's net worth?

Michael Bennet’s net worth is somewhere between $6,672,030 and $29,679,999.

Who does Michael Bennet represent in the Senate?

Michael Bennet represent the state of Colorado in the Senate.

What is Micahel Bennet's most valuable asset?

Michael Bennet’s top assets include the Canyon Balanced Fund LP and Charles Schwab Bank, each valued between $1,000,001 and $5 million.

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