Pramila Jayapal’s net worth revealed: How rich is the US Representative for Washington’s 7th congressional district?

If you’re wondering about Pramila Jayapal’s net worth, you’re in the right place. In this piece, we explore the US Representative’s personal wealth, assets and investments, as well as controversies and personal life.

Who is Pramila Jayapal?

Pramila Jayapal is an American politician serving as the US Representative for Washington’s 7th congressional district since 2017. She is a member of the Democratic Party and represents most of Seattle and some suburban areas of King County. Jayapal is the first Indian-American woman to serve in the US House of Representatives and the first Asian American to represent Washington at the federal level.

Before her political career, she was a civil rights activist and the executive director of OneAmerica, a pro-immigrant advocacy group she founded after the September 11 attacks. She also served in the Washington State Senate from 2015 to 2017.

Pramila Jayapal’s net worth

In 2018, OpenSecrets estimated Pramila Jayapal’s net worth at $214,017. However, based on her 2023 financial disclosure report, her net worth is actually negative and stands anywhere between -$10,649,973 and -$600,004.

Disclaimer: Estimating a Congress Representative’s net worth is challenging because disclosure forms do not mandate exact values. Instead, they 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, Pramila Jayapal earns $174,000 annually, but this isn’t required to be disclosed.

Pramila Jayapal’s sources of income

Here’s a brief overview of Pramila Jayapal’s different sources of income:

• Congressional salary: As a US Representative, Jayapal earns $174,000 annually;

• Nonprofit work: While nonprofit salaries can vary, leadership roles in such organizations come with competitive compensation.

Pramila Jayapal’s assets

According to her 2023 financial disclosure report, Pramila Jayapal’s assets range in value between $850,027 and $2,150,000, with liabilities totaling from $2,750,004 and $11,500,000. Out of all her reported assets, the most valuable ones include:

• DFA US Social Core Equity 2 Portfolio, valued between $100,001 and $250,000;
• Dimensional ETF Trust Dimensional US Large Cap Value ETF, valued between $100,001 and $250,000;
• DFA US Sustainability Core I Ptf, valued between $100,001 and $250,000;
• Dimensional ETF Trust Dimensional US Small Cap Value ETF, valued between $100,001 and $250,000.

Controversies

In July 2023, Jayapal faced backlash for calling Israel a racist state during a conference. Her remarks were criticized by both Democrats and Republicans, leading her to step down on her statement and clarify her position.

During her 2016 campaign, Jayapal was accused of exaggerating her achievements in the Washington State Senate. Specifically, she claimed credit for killing a payday lending bill, which was actually stopped in the state house.

The bottom line

Pramila Jayapal’s net worth has been reported to vary, with some estimates suggesting she might have personal wealth in the millions. However, she is actually in debt due to significant liabilities. Her 2023 financial disclosure report indicates her net worth is between -$10,649,973 and -$600,004.

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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