How rich is Indiana senator Todd Young; Todd Young’s net worth revealed

The Indiana Senator’s financial status often sparks curiosity among the American public. As such, this article focuses on Todd Young’s net worth, exploring his finances—from assets and investments to all other relevant information regarding his wealth and income.

Who is Todd Young?

Todd Young is a prominent figure in American politics, representing Indiana in the US Senate since 2017. Born on August 24, 1972, in Lancaster, Pennsylvania, Young grew up in Indiana. He attended the United States Naval Academy, graduating with honors in 1995, and served in the US Marine Corps as an intelligence officer. After his military service, Young earned an MBA from the University of Chicago and a JD from Indiana University.

Todd Young’s net worth

Open Secrets estimated that Todd Young’s net worth in 2018 was -$1,393,000 due to the debt that he owes, ranging from $1 million to $2.1 million. Nevertheless, it seems that his negative net worth has reduced, based on his 2023 financial disclosure report. His net worth currently ranges from -$497,997 and $-135,002. This indicates that his liabilities exceed his assets significantly in both minimum and maximum estimates.

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 Todd Young make his money?

Todd Young’s wealth primarily comes from his political career and military pension. Here’s a brief breakdown of where his finances come from:

• Congressional salary: As a US Senator, Young earns an annual salary of $174,000. This salary has been consistent for members of Congress for several years;

• Military pension: Having served as an intelligence officer in the U.S. Marine Corps, Young receives a military pension, which supplements his congressional salary.

Todd Young’s assets

According to his 2022 financial disclosure report for the year 2022, Senator Young’s assets total between $52,003 and $130,000, and include:

• Indiana Prosecuting Attorney’s Retirement Mutual Fund: This asset was valued between $50,001 and $100,000;

• Old National Bank (Bloomington, IN) Checking: This checking account had a value between $1,001 and $15,000;

• Midsouthern Savings Bank Savings: This savings account was valued between $1,001 and $15,000.

Todd Young insider trading involvement

There is no public record of Senator Todd Young being involved in insider trading. Members of Congress sometimes face scrutiny over their financial dealings, but Young has managed to avoid such controversies as his financial activities appear to adhere to ethical guidelines and regulations set forth for public officials.

The bottom line

Indiana Senator Todd Young’s net worth is currently negative—ranging from -$497,997 and $-135,002—primarily due to substantial debt. However, it’s important to note that Young isn’t the only Senator in this situation, as several other senators also find themselves in a similar financial position, including Connecticut’s Chris Murphy.

Disclaimer: The featured image in this guide is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.

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