Senator Fetterman has garnered significant attention for his progressive policies and distinctive approach to politics. For those curious about his financial standing, this article explores John Fetterman’s net worth, revealing his sources of income and the details of his financial assets.
Who is John Fetterman?
John Fetterman is a prominent figure in the Democratic Party, currently serving as a US Senator for Pennsylvania. Born on August 15, 1969, in Reading, Pennsylvania, Fetterman has built a reputation as a progressive advocate with a focus on issues such as criminal justice reform, healthcare, and economic equality.
Before his tenure in the Senate, Fetterman was the Mayor of Braddock, Pennsylvania, where he garnered attention for his efforts to revitalize the struggling steel town. His imposing 6’8’’ frame, tattoos, and casual attire set him apart from the typical politician, and his straightforward approach to politics resonates with many voters.
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John Fetterman’s net worth
According to Yahoo Finance, John Fetterman’s net worth is around $800,000. Nevertheless, based on his 2022 financial disclosure report, we were able to get higher numbers, estimating his minimum net worth at $851,005 and maximum at $1,766,000.
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.
Sources of income
As a United States Senator, John Fetterman earns upward of $200,000 a year. He previously served as Lieutenant Governor of Pennsylvania, where his salary was estimated to be $169,451 per year. Before that, he was the mayor of Braddock, earning a modest salary of $150 per month.
Rundown of John Fetterman’s assets and investments
Fetterman’s assets and investments are quite diverse. Some of them include:
- Real estate: Fetterman owns eight properties in Braddock, including a home he bought for $30,000 in 2001;
- Investments: Fetterman has many investments under his belt. For example, he owns stock in Verizon (NYSE: VZ), from which he made less than $201;
- Inheritance: In the past, he has received help from family members. The Senator didn’t hide that his parents contributed $54,000 to his 2014 income while he was serving as mayor.
Fetterman’s views on insider trading
Fetterman has expressed his belief that lawmakers should not be able to profit off the same companies that they are regulating. He stated:
Fetterman on insider trading
“Lawmakers should be focused on getting results for their constituents—not lining their own pockets.”
This stance follows through on his promise to hold Washington accountable and level the playing field.
It’s important to note that Fetterman’s involvement in this issue is not due to any personal allegations of insider trading. Rather, he is part of a growing list of high-profile congressional candidates embracing the popular proposal. His advocacy for this ban is part of his broader commitment to transparency and accountability in government.
Summary
With a net worth somewhere between $851,005 and $1,766,000 (modest compared to many of his Senate peers), John Fetterman demonstrates his commitment to public service over personal financial gain. In fact, his income primarily comes from his Senate salary, and it seems that he maintains transparency in his financial dealings, with no involvement in insider trading or unethical financial practices.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
