How rich is Montana senator Jon Tester; Jon Tester’s net worth revealed

As a big name in American politics, Montana senator Jon Tester’s net worth is a subject of great interest to the general public. In the following piece, we’ll take a closer look at his finances, assets, and investments, as well as all other relevant information.

Who is Jon Tester?

Born on August 21, 1956, in Havre, Montana, Jon Tester is a prominent figure in US politics. He has served as the senior United States Senator from Montana since 2007. As a member of the Democratic Party, Tester is known for his moderate stance on various issues, often bridging the gap between the left and right in Congress. Before his political career, he was a farmer, maintaining his family’s farm in Big Sandy, Montana.

Jon Tester’s net worth

Jon Tester’s net worth is estimated to be around $3,672,000 in 2018. However, his latest financial disclosure report for year 2023 suggest that his total assets are worth between $1,704,009 and $6,510,000, and he has no reported liabilities.

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 Jon Tester make his money?

From what we were able to gather, Jon Tester’s income sources appear quite varied, reflecting both his career in politics and agriculture. Here’s a breakdown of his earnings:

• Senatorial salary: As a US Senator, Tester earns an annual salary of $174,000. This salary has been consistent since he took office in 2007;

• Farming business: Before entering politics, Tester was a full-time farmer. He continues to be involved in his family farm, which contributes significantly to his income. The farm’s revenue fluctuates based on agricultural market conditions, but it remains a substantial part of his net worth;

• Book sales and speaking engagements: Like many politicians, Tester has authored a book and participates in paid speaking engagements, further supplementing his income.

Tester’s assets and investments

According to his financial disclosure report for year 2023, Senator Jon Tester’s total assets range in value from $1,718,009 and $6,545,000. His most prized assets include:

• Family farm in Big Sandy, MT, valued between $1,000,001 and $5,000,000;

• Glacier Bank deposit worth between $100,001 and $250,000;

• American Electric Power Company, Inc. corporate securities stock worth between $50,001 and $100,000.

Insider trading involvement

There is no public record of Tester’s involvement in insider trading. What’s more, the Montana Senator has been active in efforts to prohibit insider trading in Congress. He introduced the Stop Trading on Congressional Knowledge (STOCK) Act, which prevents members of Congress and their employees from using knowledge gained from Congressional work for personal financial benefit.

The bottom line

Jon Tester’s total assets range from $1,704,009 and $6,510,000, making him one of the wealthier members of the US Senate. But just being a millionaire doesn’t make one a member of the upper tier of politicians in America, no matter how weird that might sound. Some of Tester’s peers are miles away from him in terms of personal wealth.

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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