Because of his prominent public role, Raphael Warnock’s net worth sparks increasing curiosity among average Americans. This is why in this article, we’ll explore the Georgia Senator’s finances, including his assets, investments, and any insider trading controversies.
Who is Raphael Warnock?
Raphael Warnock is a well-known American pastor and politician. Born on July 23, 1969, in Savannah, Georgia, he grew up in public housing as the eleventh of twelve children. Warnock earned a Bachelor of Arts degree in psychology from Morehouse College and later obtained a Master of Divinity, Master of Philosophy, and Doctor of Philosophy from Union Theological Seminary.
Raphael Warnock’s net worth
From what we were able to estimate based on his financial disclosure report for year 2022, Senator Warnock’s net worth is actually between $545,015 and $2,199,998.
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 Raphael Warnock make his money?
As mentioned, Raphael Warnock’s income comes from several sources:
- Senate salary: As a US Senator, Warnock earns an annual salary of $174,000. This salary forms a significant part of his income;
- Pastoral work: Warnock has served as a pastor at the Ebenezer Baptist Church since 2005. According to some sources, his pastoral role earned him an annual income of $120,965 back in 2021;
- Book royalties: Warnock earned an advance of $243,750 for his 2022 book “A Way Out Of No Way”.
Warnock’s assets and investments
Raphael Warnock’s assets include multiple properties, such as a home in Atlanta and a vacation home on the Georgia coast. Additionally, his two biggest stock holdings are ML Bank Deposit Program bank deposit and MMBB—American Baptist Church retirement plan each worth between $500,001 and $1,000,000. This is, of course, according to his financial disclosure report for year 2022.
Insider trading involvement
There are no records of Raphael Warnock being involved in insider trading. However, the Georgia Senator has been vocal about the issue, joining his colleague Jon Ossoff in introducing legislation to ban individual stock trading by members of Congress.
This move came after his opponent in the Georgia Senate race, Kelly Loeffler, faced allegations of insider trading. Nevertheless, the allegations against Loeffler were later dismissed by the Senate Ethics Committee.
How much is Raphael Warnock worth?
Raphael Warnock’s net worth that ranges from $545,015 and $2,199,998 is undoubtedly a significant sum of money. However, it doesn’t compare to the wealth of his peers. The pastor-turned-politician falls into the middle tier of Senators in terms of net worth.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
