Virginia Foxx’s net worth revealed: How rich is the U.S. representative from North Carolina?

Virginia Foxx is an American politician, educator, and businesswoman who has served as the U.S. representative from North Carolina since 2005. A lifelong Republican and staunch conservative, Foxx advocates traditional values and limited government. She has served as Secretary of the House Republican Conference and has chaired the House Education Committee. This article will reveal Virginia Foxx’s net worth and disclose her public income.

How rich is Virginia Foxx?

Foxx grew up in a poor family and simultaneously attended Crossnore High School in Crossnore, North Carolina, and worked as a janitor at the school. Although she was the first in her family to complete high school, she would earn a bachelor’s degree (from the University of North Carolina at Chapel Hill), an M.A. in college teaching, and an Ed.D (from the University of North Carolina at Greensboro).

Upon completing her studies, Foxx found work as a research assistant and an English instructor at Caldwell Community College & Technical Institute and Appalachian State University, ultimately moving into university administration. She was president of Mayland Community College and served as Deputy Secretary for Management for North Carolina. Additionally, she and her husband owned and operated a landscaping business and a nursery.

Foxx entered politics in 1994 when she was elected to the North Carolina Senate. In 2004, she was elected to the U.S. House of Representatives and has held that position since then. 

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.

How did Virginia Foxx make her money?

Virginia Foxx has an academic background in education. Additionally, she has been a small business owner and an active investor. Here’s a summary of her public sources of income:

• Politics: Since entering politics in 1994, Foxx has held several elected positions in her political career. Her current position as a U.S. Representative from North Carolina comes with an annual salary of $174,000; 

• Teaching: Foxx occupied various college-level teaching and administrative roles, including teaching English and working in university administration. Furthermore, she was president of Mayland Community College and Deputy Secretary for Management for North Carolina;

• Small business: As previously mentioned, Virginia and her husband, Thomas Foxx, owned a nursery and a landscaping business;

• Investment portfolio: Foxx’s financial disclosure shows assets, including stock holdings, such as Altria Group (NYSE: MO), Pembina Pipeline (NYSE: PBA), and Via Renewables, Inc. (NASDAQ: VIASP).

Virginia Foxx’s assets and liabilities

Virginia Foxx’s net worth is substantial compared to other House representatives. Some of the most valuable assets included in her latest financial disclosure form include:

• Schwab Value Advantage Money Fund (SWVXX)  – a mutual funds position with an estimated value of $1,000,001 – $5,000,000;
• NOTE RECEIVABLE – HIDDEN CASTLES, WAXSAW, NC UNION COUNTY  – debts owed to the filer with an estimated value of $250,001 – $500,000;
• Pembina Pipeline Corp. (NYSE: PBA)  – a stock position with an estimated value of $100,001 – $250,000;
• Rental – 240 Rime Frost (Foscoee Watauga County, NC)  – rental property estimated at $100,001 – $250,000;
• MVB Bank account – a bank account worth between $100,001 – $250,000;

Insider trading involvement

Completely disregarding the controversy of Congress members owning and trading individual stocks, Virginia Foxx has been an avid investor for quite a while. According to Finbold’s politician stock tracker, her recent steadfast investments in Ardmore Shipping (NYSE: ASC), an oil shipping company, have landed her in the green—despite the fallout of potential insider trading allegations.

Who is Virginia Foxx?

Virginia Foxx was born in New York on June 29, 1943, but raised in the rural Avery County, North Carolina. Her family was poor, and she first lived in a home with running water and electricity when she was 14. She worked as a janitor while attending high school and was the first in her family to graduate. Beating the odds, she worked her way up to earn an EdD from the University of North Carolina at Greensboro.

A traditional Republican known for her conservative attitude, Foxx has focused on fiscal, social, and educational issues during her tenure. Additionally, she advocates limited government, lower taxes, and reduced federal regulations. She chaired the House Committee on Education and the Workforce, pushing for education reform, workforce development, and labor policies.

A prominent conservative figure within the GOP, she upholds the Second Amendment and pro-life policies and opposes federal government overreach.

Recommended video: Virginia Foxx Outright Threatens Julie Su With Subpoena During Tense House Hearing

The bottom line

Virginia Foxx’s net worth, ranging from $3,355,037 to $10,450,000, pushes her into the upper half of the Congresspeople’s wealth list. However, she has been under fire for actively pursuing individual stock trading and investment despite controversy and the STOCK Act. 

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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