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

How rich is Montana senator Jon Tester; Jon Tester's net worth revealed
Bogdan Stojkov

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. This figure combines his earnings from his senatorial salary, his farming business, and various investments. As a public servant, Tester’s financial disclosures provide insight into his wealth, revealing to us a diverse portfolio of assets.

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

Tester’s assets are spread among farming investments, land, and real estate. According to OpenSecrets, as of 2018, he had 8 assets totaling between $1,534,008 and $6,160,000. These assets include:

  • Farmland Crop Production: $1,000,001—$5,000,000;
  • T-Bone Farms Inc: $500,001—$1,000,000;
  • Wells Fargo Bank (Big Sandy, MT) Checking: $15,001—$50,000;
  • United States Senate Federal Credit Union: $15,001—$50,000;
  • Montana Retirement System Brokerage, IRA, 401k: $1,001—$15,000;
  • DWS GNMA Fund Mutual Fund: $1,001—$15,000;
  • DA Davidson: $1,001—$15,000;
  • American Electric Power: $1,001—$15,000.

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.

How much is Jon Tester worth?

Jon Tester’s net worth is around $3,672,000, making him a rather wealthy member 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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