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How rich is Virginia senator Tim Kaine; Tim Kaine’s net worth revealed

How rich is Virginia senator Tim Kaine; Tim Kaine’s net worth revealed
Bogdan Stojkov

Due to his prominence as a political figure in the United States, many people are wondering about Tim Kaine’s net worth. In the following piece, we’ll explore all relevant financial information related to the Virginia Senator, including his assets and investments.

Who is Tim Kaine?

Born on February 26, 1958, in Saint Paul, Minnesota, Tim Kaine embarked on his political journey after earning his law degree from Harvard Law School. He started as a civil rights lawyer and later transitioned into politics. His political career includes roles as the Mayor of Richmond, the Lieutenant Governor of Virginia, and the Governor of Virginia. In 2016, he ran as Hillary Clinton‘s vice-presidential candidate, but the duo lost to Donald Trump.

Kaine’s political stance

Tim Kaine represents Virginia in the US Senate, where he’s known for his moderate stance, often focusing on education, economic growth, and national security.

Tim Kaine’s net worth

According to OpenSecrets’ report from 2018, Tim Kaine’s net worth is around $800,000. However, based on his recent financial disclosure from 2023, we estimated his net worth be somewhere between -$217,9708 and $2,304,998.

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 Tim Kaine make his money?

Tim Kaine has made his money primarily through his career in politics. That said, here’s a brief overview of his career and earnings:

  • Civil rights lawyer: Kaine started his career as a civil rights lawyer;
  • Mayor of Richmond: He served as the Mayor of Richmond, Virginia, from 19982;
  • Lieutenant Governor: In 2002, he became the Lieutenant Governor of Virginia., During his run for lieutenant governor, Kaine raised $2.3 million;
  • Governor of Virginia: Three years later, Kaine became the Governor of Virginia. According to the Truth Out article we already mentioned, his 2005 run for governor was supported by several special interest groups and big donors;
  • Democratic National Committee Chairman: Obama named Kaine to succeed Howard Dean as the DNC chairman in 2009;
  • US Senator: Currently, he serves as a US Senator with a salary of $174,000.

Tim Kaine’s assets and investments

According to his financial disclosure for year 2023, Tim Kaine’s assets had a minimum value of $1,282,030 and a maximum of $3,055,000. On the other hand, his liabilities ranged from $750,002 and $1.5 million. His top assets were SPDR S&P 500, Virginia Retirement System, PIMCO Foreign Bond (USD-Hedged) P, PIMCO Income Fund Class I-2, and Invesco QQQ Trust, each valued between $100,001 and $250,000.

Tim Kaine on insider trading

There is no public record or news report indicating that Tim Kaine has been involved in any insider trading controversies. However, it’s worth noting that insider trading is a serious issue that has affected various members of Congress. In 2023, Kaine and his colleagues unveiled legislation to ban stock trading by members of Congress. This move came in response to concerns about potential conflicts of interest and the need for greater transparency in the financial activities of public officials.

What is insider trading?

Insider trading involves buying or selling stocks or other securities based on non-public, material information about the company. This practice is illegal as it gives an unfair advantage and undermines market integrity.

The bottom line

Tim Kaine’s net worth is somewhere between -$217,9708 and $2,304,998. Most of his wealth comes from his 17-year tenure as a lawyer in Virginia. However, his political career has also contributed significantly to his overall net worth, including his roles in local government, the DNC, and Congress. While his net worth is certainly impressive, it’s still quite modest compared to the wealth of some of his peers in Congress.

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

FAQs about Tim Kaine’s net worth

Who is Tim Kaine?

Tim Kaine is an American politician serving as a US Senator from Virginia since 2013 and was the Democratic vice presidential nominee in 2016.

What is Tim Kaine's net worth?

According to his latest financial disclosure report, Tim Kaine’s net worth ranges from -$217,9708 and $2,304,998.

What is Tim Kaine's annual salary?

As a United States Senator, Tim Kaine earns $174,000 annually.

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