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How rich is the wealthy Senator from Indiana: Mike Braun’s net worth revealed

How rich is the wealthy Senator from Indiana: Mike Braun’s net worth revealed
Nemanja Curcic

Mike Braun is an American businessman and politician who has served as the junior U.S. Senator from Indiana since 2019. Known as the founder, president, and CEO of Meyer Distributing, an automotive parts company, Braun is a prominent figure in both business and politics in Indiana. This article will highlight Mike Braun’s net worth and the sources of his substantial wealth. 

How rich is Mike Braun?

Mike Braun attended Jasper High School and graduated from all-male Wabash College summa cum laude with a bachelor’s degree in economics. He received a Master of Business Administration from Harvard Business School.

After finishing his Harvard studies, Braun returned to Indiana and entered his father’s business, producing truck bodies for farmers. Amid an economic downturn for farmers in the 1980s, the company neared bankruptcy, but Braun steered the business towards truck parts and accessories. The move achieved considerable success and ultimately brought millions to the future senator.

Initially registered as a Democrat, Mike Braun switched to the Republican Party in 2012. His political career began when he was elected to the Indiana House of Representatives in 2014. However, he resigned from the post in 2017 to focus on his senatorial campaign, ultimately winning the seat in 2018 and assuming his duties in 2019.

Braun also decided to run in the 2024 Indiana gubernatorial election and was endorsed by Donald Trump on May 7, 2024. 

What is Mike Braun’s net worth?

OpenSecrets’ 2018 report estimated Mike Braun’s net worth at a whopping figure of $136.8 million. While there are no accurate numbers on his wealth today, his 2022 financial disclosure form suggests a figure between $8,300,051 and $29,379,000.

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 Mike Braun make his money?

Mike Braun’s net worth has been built from his company and the following streams:

  • Meyer Distributing & Logistics: Mike Braun joined his family company almost immediately after graduating from Harvard. Today, he is the president and CEO of Meyer Distributing, which had revenue of $610 million in 2023. Together with Meyer Logistics, he owns between $1.5 million and $6 million in non-public stocks, according to his financial disclosures;
  • Rural real estate and Maple Land, LLC: Mike Braun has a 50% stake in Maple Land, a farming company with various unimproved land assets worth between $800,000 and $1.6 million. Additionally, Braun owns between $2.35 million and $10.75 million in various properties across Indiana;
  • Politics: Mike Braun embarked on a career in politics in 2014 and ascended to the rank of senator, which currently comes with an annual salary of $174,000. Needless to say, while sizable on its own, it is almost negligible compared to the rest of his wealth;
  • Investing: A significant portion of Mike Braun’s net worth comes from his diverse investing ventures, with a portfolio of mutual funds, savings accounts, retirement, and individual stocks. It is difficult to come to a precise figure due to the sheer number of investments, but the two single most prominent include between $500,000 and $1 million worth of German American Bancorp, Inc. (NASDAQ: GABC) stock and the same amount in Springs Valley Bank & Trust (OTC: SVBT).

Insider trading involvement

Senator Mike Braun has not publicly positioned himself on the question of insider trading. After all, he himself owns at least two individual stocks (GABC and SVBT) worth between $1 million and $2 million. Still, this amounts to barely a few percent of his total net worth.

That said, there has been a discrepancy between his vocal anti-China stance and trade war stance and his own company’s ties to the Asian market. In fact, in May 2024, Politico highlighted Meyer’s imports from Changzhou Sunwood International Trading and the land lease to CYC Engineering, which is less than a mile from Meyer’s headquarters, as CYC Engineering sources 95% of its products from China.

As per the Stop Trading on Congressional Knowledge (STOCK) Act, Mike Braun’s assets are closely observed to prevent using insider information for personal benefit, which notably includes insider trading.

Who is Mike Braun?

Mike Braun was born on March 24, 1954, in Jasper, Indiana. He graduated from Jasper High School, where he met his wife, Maureen. Braun then attended Wabash College and later Harvard Business School. After graduating from Harvard, he joined his father’s business and ultimately transformed it into a successful truck parts and accessories manufacturer, Meyer Distributing. 

Braun started with politics in 2014, joining the Indiana House of Representatives. In 2018, he won the Republican primary for the U.S. Senate and ultimately won the election. A staunch conservative, Braun has supported limiting the federal government, pro-business policies, and fiscal responsibility. Furthermore, he is a key supporter of Donald Trump and has agreed with most of Trump’s policy stances. He has entered the race for the governorship of Indiana in 2024.

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The bottom line

The prominent businessman senator from Indiana is one of the wealthiest members of the Senate, often placed within the top ten richest U.S. representatives. Mike Braun’s net worth is estimated to be between $8,300,051 and $29,379,000, which is not only above the average senator’s wealth but also far wealthier than most senators.

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

FAQs about Mike Braun net worth

What is Mike Braun's net worth?

According to his publicly available 2022 financial disclosure report, Mike Braun’s net worth is between $8,300,051 and $29,379,000.

What is Mike Braun's most valuable asset?

Mike Braun’s most valuable asset is the timber land in Jasper, Indiana, valued between $1 million and $5 million.

Who are the Senators from Indiana?

The current Indiana’s senators are Todd Young (senior) and Mike Braun (junior).

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