Due to his label as one of the most active senators in stock trading, we couldn’t help but wonder what Roger Wicker’s net worth is. So, in the following piece, we explore the Mississippi senator’s wealth and assets, as well as all other relevant financial information.
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Who is Roger Wicker?
Roger Wicker has been a prominent figure in American politics for several decades. Born in Pontotoc, Mississippi, Wicker began his career in law before transitioning into politics. He earned his bachelor’s degree from the University of Mississippi and later received a law degree from the University of Mississippi School of Law.
Military career:
Roger Wicker’s net worth
According to OpenSecrets, Senator Roger Wicker had an estimated net worth of -$180,996 in 2018. However, based on his 2023 financial disclosure report, Senator Wicker is worth anywhere between -$881,986 and $319,997.
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 Roger Wicker make his money?
Roger Wicker’s wealth comes from a combination of his congressional salary, investments, and other income sources. Here’s a brief look at each:
- Congressional salary: As a US senator, Wicker earns an annual salary of $174,000. This has been a steady source of income since his appointment in 2007;
- Investments: Wicker has made several investments in the stock market, which have contributed to his net worth. His active trading has often placed him among the most active senators in stock trading;
- Real estate: Wicker has invested in real estate rental property, which serves as another income source;
- Retirement benefits: His service in the US Air Force and long tenure in Congress have entitled him to substantial retirement benefits.
Roger Wicker’s assets
According to his 2023 financial disclosure report, Roger Wicker’s total asset value ranges from $368,014 to $920,000, with liabilities somewhere between $600,003 and $1,250,000. That said, his most prized assets include:
- Real estate rental property in Alexandria, VA, valued between $250,001 and $500,000;
- PGRWX-Putnam Fund for Growth & Income A (NASDAQ) mutual fund, valued between $50,001 and $100,000;
- AB Sustainable Global Thematic Fund Class A mutual fund, valued between $15,001 and $50,000;
- Walmart Inc (NYSE: WMT) corporate securities stock, valued between $15,001 and $50,000;
- Merck & Co. Inc. (NYSE: MRK) corporate securities stock, valued between $15,001 and $50,000.
Was Roger Wicker involved in insider trading?
What is insider trading?
There is no evidence suggesting that Senator Roger Wicker was ever involved in any insider trading scandal. At least, there are no official documents or news reports proposing anything related to this illegal practice, leading us to conclude that Wicker adheres to the ethical standards required of him due to his position in American politics.
How much is Roger Wicker worth?
To summarize, Roger Wicker’s net worth is somewhere between -$881,986 and $319,997. Although there’s a chance of the Mississippi senator not being in debt, it’s more likely that he actually is. However, if that’s true, he isn’t the only US Senator with a negative net worth, with Tom Cotton and Chris Murphy keeping him company.
Disclaimer:Â The featured image in this guide is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.
FAQs about Roger Wicker’s net worth
What is Roger Wicker's primary source of income?
Roger Wicker’s primary source of income is his salary as a US senator, which is $174,000 annually.
How long has Roger Wicker been in office?
Roger Wicker has been serving in Congress since 1995, first in the House of Representatives and then in the Senate since 2007.
Does Roger Wicker have any businesses?
There are no public records of Roger Wicker owning or operating any private businesses. His wealth primarily comes from his salary, investments, and real estate.
Has Roger Wicker been involved in any controversies regarding his stock trading?
While Roger Wicker’s active trading has raised ethical questions, there have been no formal charges or allegations of insider trading against him.
How does Roger Wicker's net worth compare to other senators?
Roger Wicker’s net worth is somewhere between -$881,986 and $319,997, meaning there’s a chance he may be in debt. On the other hand, some senators have net worths exceeding tens of millions of dollars.
What are the ethical guidelines for senators regarding stock trading?
Senators must follow strict ethical guidelines, including disclosure of financial transactions and avoiding conflicts of interest. The STOCK Act, passed in 2012, aims to prevent insider trading among members of Congress.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
