Steve Scalise’s net worth revealed: How rich is the House majority leader?

Steve Scalise is an American politician who has served as the U.S. Representative from Louisiana since 2008. A member of the Republican Party, he is the current House majority leader, having previously served as the House majority whip (2014-2019) and the House minority whip (2019-2023). Today, we will showcase Steve Scalise’s net worth and reveal his sources of income.

How rich is Steve Scalise?

Scalise attended Archbishop Rummel High School and obtained a B.S. from Louisiana State University, majoring in computer science and minoring in political science.

Scalise started his political career in 1995 when Louisiana Republicans recruited him to run for the State Representative seat. He won and served in the role until 2007, when he was elected the U.S. Representative for Louisiana’s 1st congressional district. 

In 2014, Scalise rose to prominence when he was elected House Majority Whip, the third-highest Republican position in the House. In 2019, the Republicans lost the House majority, so he became House Minority whip. Ultimately, Scalise was unopposed in his bid to become House Majority Leader in 2023. 

Disclaimer: While we strive to estimate net worth accurately 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. Likewise, state financial forms may omit residential property and liabilities like mortgages.

Steve Scalise’s assets and liabilities

Steve Scalise’s net worth is derived from his public financial disclosure report, which lists only one asset (a trust bank account worth between $15,001 and $50,000). In contrast, the form shows three liabilities, consisting of two mortgages and a personal loan:

• Home mortgage #1, Chase Bank – valued between $250,001 and $500,000;
• Home mortgage #2, Gulf Coast Bank – valued between $100,001 and $250,000;
• Personal loan, Home Bank – valued between $15,001 and $50,000.

Insider trading involvement

Steve Scalise does not own or trade individual stocks, so he cannot abuse insider trading information to benefit himself by investing in stocks. 

Who is Steve Scalise?

Steve Scalise was born in New Orleans, Louisiana, on October 6, 1965. He is a Republican known for his conservative stance on numerous issues, such as fiscal policies, Second Amendment rights, and abortion.

Recommended video: Getting to know Steve Scalise, nominated to be next House speaker

Scalise is a Roman Catholic. He has been married to Jennifer Ann Letulle since 2005, and they have two children. 

The bottom line

Steve Scalise’s net worth is one of the lowest in the House of Representatives, at below zero. However, his reported wealth of somewhere between -$785,000 and -$315,000 includes mortgages on his home but does not include the property itself. 

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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