Thom Tillis’ net worth has become a topic of interest for many North Carolinians and keen political observers across the nation. As a US Senator, Tillis has a significant impact on both state and national politics, prompting questions about his financial status.
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Who is Thom Tillis?
Born in 1960 in Jacksonville, Florida, Thom Tillis is a prominent political figure serving as the junior United States Senator from North Carolina. He is a member of the Republican Party and has been in office since January 3, 2015.
Before his tenure in the Senate, Tillis served as the Speaker of the North Carolina House of Representatives. His political career began in earnest after a successful stint in the private sector, where he worked for various companies, including PricewaterhouseCoopers and IBM (NYSE: IBM). He is known for his conservative stance on many issues, playing a crucial role in shaping legislation and policy in both his home state and the nation.
Thom Tillis’ net worth
In 2018, OpenSecrets estimated Thom Tillis’ net worth to be $10,966,045. However, based on our research and his financial disclosure report for the year 2023, Senator Tillis’ net worth is significantly lower, ranging from $3,254,049 to $11,085,998.
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 Thom Tillis make his money?
Senator Thom Tillis’ financial success can be attributed to a combination of his career in the private sector and his political career. Namely, before entering politics, he worked as a consultant and senior executive for major corporations like PricewaterhouseCoopers and IBM. His roles in these companies were well-compensated, allowing him to build a solid financial foundation.
Nevertheless, Tillis’ political career has also contributed to his wealth. As a US Senator, he earns $174,000 annually, which, combined with his previous earnings, has surely bolstered his financial standing. Additionally, Senator Tillis has made various strategic investments over the years, further increasing his net worth.
Thom Tillis’ assets
Based on Senator Tillis’ financial disclosure report for the year 2023, his total assets range in value from $2,312,020 to $7,676,000. His portfolio is well diversified and includes over 50 different assets, with the most prized ones including:
- A house in Huntersville, NC, worth between $1,000,001 and $5 million;
- A residence in Washington, DC, worth between $500,001 and $1 million;
- A residence in Nashville, TN, worth between $250,001 and $500,000;
- IBM corporate securities stock worth between $100,001 and $250,000;
- Vanguard Total Stock Market Index mutual fund worth between $100,001 and $250,000.
Thom Tillis’ insider trading involvement
What is insider trading?
From what we were able to gather, Thom Tillis hasn’t been involved in any insider trading controversy himself. However, he did call for an investigation by the House Ethics Committee into Rep. Madison Cawthorn (R-N.C.) over allegations that Cawthorn violated federal insider trading laws.
The bottom line
To summarize, Thom Tillis’ net worth is estimated to be between $3,254,049 and $11,085,998, according to his financial disclosure report for the year 2023. Regardless of whether his net worth is closer to $2 million or over $7 million, it’s safe to say that Senator Tillis is in more than a solid financial situation. With a seven-figure net worth next to his name, he’s one of the richer US Senators, far wealthier than average Americans.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about Thom Tillis’ net worth
Who is Thom Tillis?
Thom Tillis is an American politician serving as the junior United States Senator from North Carolina. He has been in office since January 3, 2015. Tillis is a member of the Republican Party and previously served as the Speaker of the North Carolina House of Representatives from 2011 to 2015.
What is Thom Tillis' net worth?
Thom Tillis’ net worth is estimated to be between $3,254,049 and $11,085,998, according to his financial disclosure report for the year 2023.
How does Thom Tillis' net worth compare to his Senate peers?
Thom Tillis’ net worth is relatively modest compared to many of his Senate peers. The US Senate includes several members with significant wealth, often ranging from several million to tens or even hundreds of millions of dollars.
