Wes Moore’s net worth revealed: How rich is Maryland’s first African-American governor?

Wes Moore is an American politician, author, and ex-investment banker who has served as the Governor of Maryland since 2023. He has spent 16 years in the U.S. Army and has served in Afghanistan. He is Maryland’s first Black governor and the third African-American elected as a U.S. governor. Today, we will show Governor Wes Moore’s net worth and uncover his public sources of income.

How rich is Wes Moore?

Wes Moore first attended Riverdale Country School but transferred to Valley Forge Military Academy and College, graduating with an associate degree in 1998. After Valley Forge, he entered Military Intelligence in the Army Reserve. Next, Moore enrolled at Johns Hopkins University, graduating with a B.A. in international relations and economics in 2001. Finally, he entered Wolfson College, Oxford, receiving a master’s degree in international relations in 2004.

A member of the Army Reserve from 1998, Moore was called to active duty following the 9/11 attacks. He was deployed to Afghanistan from 2005 to 2006, earning the rank of captain during his service in the 82nd Airborne Division. In 2014, he left the Army. 

Following his military service, Wes Moore worked as an investment banker, first at Deutsche Bank (NYSE: DB) and then at Citibank (NYSE: C). In 2009, he was named to Crain’s New York Business‘ ’40 Under 40’ list.

In 2010, Moore founded a TV production company, Omari Productions. Later, in May 2014, he produced Coming Back with Wes Moore, a series that followed the lives of returning veterans. He would make another documentary, All the Difference, about two young African-American men. Furthermore, he launched a talk show with Baltimore’s WYPR station.

From June 2017 to May 2021, Wes Moore was CEO of the Robin Hood Foundation, a charitable organization that aimed to alleviate poverty in NYC. He also served on the board of directors of Under Armour (NYSE: UAA), resigning soon after becoming governor-elect. In 2022, he won the elections for the Governor of Maryland and assumed office in 2023.

Disclaimer: Estimating a Maryland official’s net worth is challenging because the State’s 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.

How did Wes Moore make his money?

In addition to his political career, Wes Moore had a diverse career spanning multiple fields and industries. His public sources of income have included:

• Military service: Wes Moore spent 16 years in the U.S. Army. He has served in Afghanistan between 2005 and 2006. Ultimately, he left the service with the rank of captain and several military awards, including the Parachutist Badge;
• Investment banker: Between 2007 and 2012, Moore worked as an investment banker, first for Deutsche Bank and then for Citibank;
• Literary career: Since 2010, Moore has published five books: The Other Wes Moore: One Name, Two Fates, Discovering Wes Moore: My Story, The Work: Searching for a Life That Matters, This Way Home, and Five Days: The Fiery Reckoning of an American City. He is entitled to royalties and compensations, and production companies have even announced the filming of some of his novels;
• Politics: As the Governor of Maryland, Wes Moore receives an annual salary of $180,000.

Wes Moore’s assets

Moore’s 2023 financial disclosure statement shows the Senator from Maryland’s abundant portfolio, which includes assets such as:

• Baltimore Home residence, 207 East Highfield Road – a residential property valued between $2,000,001 and $4,999,999, which was sold in September 2023;
• Philli III Acquisition LLC – a 10-24% stake in a limited liability company valued between $5,000,000 and $9,999,999;
• Valley Forge Acquisition LLC – a 10-24% stake in a limited liability company valued between $1,000,000 and $1,999,999;
• Broadcom Acquisition LLC – a 3-9% stake in a limited liability company valued between $2,000,000 and $4,999,999;
• Princeton Member LLC – a 3-9% stake in a limited liability company valued between $2,000,000 and $4,999,999.

Insider trading involvement

His 2023 financial disclosure statement reveals that Wes Moore does not own or trade individual stocks. Furthermore, as verified by the statement, he has transferred the securities owned into a blind trust.

Who is Wes Moore?

Westley Watende Omari Moore was born in Takoma Park, Maryland, on October 15, 1978. He holds an associate degree from Valley Forge Military Academy and College, a B.A. in international relations and economics from Johns Hopkins University, and a master’s degree in international relations from Wolfson College, Oxford.

A member of the Democratic Party and the Governor of Maryland since 2023, Wes Moore did not have a career in politics before. He is the first African American to hold the position of governor in Maryland’s history.

Recommended video: Maryland Governor Wes Moore fully backs Vice President Harris amid Biden’s exit

Before becoming a politician, Moore had several career paths, including serving as a captain in the U.S. Army, working in investment finance, and acting as a CEO of the Robin Hood Foundation, a New York-based local non-profit dedicated to fighting poverty.

Additionally, Moore is an accomplished and best-selling author known for writing five books, including The Other Wes Moore, which explores the parallel lives of two men with the same name but with starkly different lives. 

The bottom line

The Governor of Maryland has accumulated a substantial net worth over the years. More precisely, Wes Moore’s net worth is between $3.115 million and $11.76 million.

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

FAQs about Wes Moore net worth