Jerry Moran is an American politician and lawyer who has served as the U.S. Senator from Kansas since 2007. A member of the Republican Party, he tends to advocate for moderately conservative causes. Besides politics, Moran has had a law practice and taught as an adjunct professor. This article will reveal Jerry Moran’s net worth, many business endeavors, and income sources.
How rich is Jerry Moran?
Jerry Moran attended Fort Hays State University and then the University of Kansas, where he received a B.S. in economics in 1976. He briefly worked as a banker before earning his J.D. from the University of Kansas School of Law in 1982.
Moran joined a private practice in Kansas City and later moved to Hays, where he practiced for 15 years. In addition to his practice, he served as the state special assistant attorney general and deputy county attorney of Rooks County. Additionally, he served as an adjunct professor of political science at Fort Hays State University.
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He started his political career in 1989 in the Kansas Senate, where he spent eight years. He was elected to the U.S. Congress in 1996 and took office a year later. Ultimately, he would win the 2010 election for the U.S. Senate and has held the position ever since.
What is Jerry Moran’s net worth?
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 Jerry Moran make his money?
In addition to politics and law practice, Moran is an active investor. In fact, his stock portfolio contains numerous individual stock and mutual fund positions. Jerry Moran’s net worth has been built via:
- Lawyer career: Moran was a practicing lawyer for over 15 years and held several important roles in the Kansas justice system. While there are no public records of his income during that time, it is reasonable to assume the law practice formed a base for Jerry Moran’s net worth;
- Political career: Jerry Moran entered politics in 1989 and has since occupied several elected official positions. As a senator, he currently receives an annual salary of $174,000;
- Individual stock investments: Moran is very active when it comes to investing. In fact, he has a diverse portfolio of individual stocks. The most prominent position in his portfolio is $100,001 to $250,000 worth of ExxonMobil (NYSE: XOM) stock, but it also includes sizeable shares in blue-chip companies like Berkshire Hathaway (NYSE: BRK.B), Boeing (NYSE: BA), and Chevron (NYSE: CVX);
- Mutual funds investments: In addition to individual stocks, Senator Moran also has significant stakes in prominent mutual funds and ETFs, such as Vanguard Short-Term Treasury ETF (VGSH) and Invesco Treasury Portfolio Institutional Class (TRPXX).
Insider trading involvement
Senator Jerry Moran has been accused of insider trading and violating the Stop Trading on Congressional Knowledge (STOCK) Act in at least one instance, such as missing periodic transaction reports in 2021.
Furthermore, Moran has continued his individual stock trading despite mounting pressure from the public and some senators to ban U.S. representatives from holding individual stocks.
Who is Jerry Moran?
Jerry Moran was born in Great Bend, Kansas, on May 29, 1954. He has a Bachelor of Science degree in economics from the University of Kansas and a Juris Doctor from the University of Kansas School of Law. Before entering politics, he worked as a banker and ran a private law practice.
Before becoming a U.S. Senator, Moran served in the Kansas State Senate from 1989 to 1997, ultimately reaching the position of Majority Leader. He then represented Kansas in the U.S. House of Representatives from 1997 to 2011, advocating agricultural policies that reflected the interests of his rural district.
Recommended video: ‘Freedom Requires Enormous Effort’: Jerry Moran Urges Support For Foreign Aid Supplemental
As a senator, Moran still prioritizes agricultural policies, in addition to veterans’ affairs, healthcare in rural communities, and fiscal responsibility. He has served on key Senate committees, such as the Appropriations Committee, the Commerce, Science, and Transportation Committee, the Banking, Housing, and Urban Affairs Committee, and the Veterans’ Affairs Committee.
How much is Jerry Moran’s net worth – the bottom line
With a multi-faceted career that shifted from banking to law practice, politics, and investing, the Senator from Kansas has managed to accrue a notable amount of wealth. In fact, Jerry Moran’s net worth is estimated to be somewhere between $1 million and $2.81 million.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
