How rich is Idaho’s senator Mike Crapo: Mike Crapo’s net worth revealed

Given Mike Crapo’s long tenure in the Senate, it’s natural to be curious about his net worth. Therefore, in this piece, we’ll explore his personal wealth, assets, and investments, as well as all other relevant financial information.

Who is Mike Crapo?

Mike Crapo is a Republican representing Idaho in the United States Senate. He began his political career in the Idaho State Senate and later served as a US Representative before being elected to the Senate all the way back in 1998.

Mike Crapo’s net worth

Mike Crapo’s net worth was $944,521 in 2018, according to OpenSecrets. However, based on his 2023 financial disclosure report, Crapo is actually worth anywhere between $1,067,006 and $5,580,000.

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 Crapo make his money?

Here’s a brief overview of Mike Crapo’s income sources:

• Legal practice: Prior to his political career, Crapo worked as a lawyer, which provided a stable income and opportunities for early investments;

• Senate salary: As a US Senator, Crapo earns an annual salary of $174,000, which has been a steady source of income for over two decades;

• Book royalties: Like many politicians, Crapo has authored books, contributing additional income through royalties;

• Pension: Serving multiple terms in Congress has entitled Crapo to a pension, adding to his financial security.

Mike Crapo’s assets

According to his financial disclosure report for the year 2023, Mike Crapo’s total assets range from $1,317,006 and $5,680,000, with liabilities totaling between $100,000 and $250,000. Out of his eight reported assets, the most valuable ones include:

• Residential property in Washington, DC, valued between $1,000,001 and $5 million;

• United States Senate Federal Credit Union bank deposit, valued between $250,001 and $500,000;

• Wells Fargo bank deposit, valued between $50,001 and $100,000.

Was Mike Crapo ever involved in insider trading?

Public records and news suggest that Mike Crapo was never involved in an insider trading scandal. He appears to adhere to the ethical standards bestowed upon him by his position in the US Senate.

How much is Mike Crapo worth?

Although far from the richest US Senator, Mike Crapo’s net worth, which ranges from $1,067,006 to $5,580,000, is more than a solid sum. Coupled with a long career in politics, a relatively clean public image, and no insider trading allegations, Idaho’s Senator Crapo will surely get even richer in the following years.

Disclaimer: The featured image in this guide is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.

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