Mike Pence’s net worth revealed: How rich is the former Vice President of the US?

Although the former Vice President of the United States, Mike Pence’s net worth isn’t something many people wonder about. Nevertheless, we took it upon ourselves to explore his assets and investments and see what lies behind the former VP’s finances.

Who is Mike Pence?

Mike Pence is an American politician, lawyer, and former radio talk show host. He served as the 48th Vice President of the United States from 2017 to 2021 under President Donald Trump. Before becoming Vice President, Pence was the Governor of Indiana from 2013 to 2017 and a member of the US House of Representatives from 2001 to 2013.

What is Mike Pence’s net worth?

According to Yahoo! Finance, Mike Pence’s net worth is around $4 million. The figure is based on his earnings from his time as Vice President of the United States, his book deals, as well as his known investments.

What are Mike Pence’s income sources?

Here’s a brief overview of Mike Pence’s various income sources:

• Books deals: Like many American politicians, Pence earned money from book deals. His book So Help Me God earned him $1.4 million in advance payments, according to Forbes;

• Speaking engagements: Also like many US politicians, Mike Pence makes money from speaking engagements. The same report from Forbes claims that he made $3.4 million from delivering 32 speeches in 2022.

Mike Pence’s assets and investments

As Forbes noted in 2019, Mike Pence doesn’t have substantial savings. He has no significant real estate holdings, with only about $65,000 in index funds and less than $15,000 in a bank account.

In 2004, Pence disclosed owning between $200,000 and $450,000 worth of shares in Kiel Bros. Oil Co., an Indiana gas station and convenience store company. The company was owned by his brother and his father was employed there; however, the company went bankrupt in 2005, leaving Pence with $600,000 in debt.

Despite this, the Pence family benefits from publicly-funded government pensions. With federal and state pensions, two Indiana-administered retirement accounts, and likely funds in a federal Thrift Savings Plan, the Pence family is estimated to receive at least $85,000 annually, even with outstanding debt on eight Parent PLUS student loans.

Controversies

There’s no doubt that Mike Pence is a controversial figure in American politics, largely due to his strong conservative views that collide with LGBTQ+ and women’s rights.

Nevertheless, his most contentious moments arose during the COVID-19 pandemic when he led the White House Coronavirus Task Force, which faced widespread criticism. Later, he was thrust into the spotlight during the January 6 riots when he certified the Electoral College results, despite intense pressure from Trump and his supporters to overturn the election.

The bottom line

Although no longer the US Vice President, Mike Pence’s net worth is still something that interests the American public. Yahoo! Finance estimates Pence’s wealth at $4 million, which is more than a solid financial position to be in, especially considering there’s less and less chance of him stepping onto the main stage after his split with Donald Trump.

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

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