John James’ net worth revealed: How rich is the U.S. representative from Michigan?

John James is an American businessman and military veteran who has served as the U.S. representative from Michigan since 2023. James was a helicopter pilot who had over 750 flight hours, including in Iraq. After completing his service, he joined James Group International, a supply chain company whose father was the CEO. This article will analyze John James’ net worth and shed light on his various career paths. 

How rich is John James?

James attended the Catholic Brother Rice High School and then graduated from the U.S. Military Academy. He served eight years in the army, including multiple tours in Iraq as a helicopter pilot. Afterward, he obtained an M.S. in supply chain management from Penn State University’s Smeal College of Business and an MBA from the University of Michigan’s Ross School of Business.

Following his military service, James joined James Group International, a global supply chain management service company where his father was the CEO. He would later become the CEO of the company’s subsidiary, Renaissance Global Logistics. 

James attempted to enter politics twice, participating in the U.S. Senate race in 2018 and 2020. However, he lost both elections, the latter by a slim margin, but won a seat in the U.S. House of Representatives in 2022. 

Disclaimer: While we strive to estimate net worth accurately 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. Likewise, state financial forms may omit residential property and liabilities like mortgages.

How did John James make his money?

Here’s a summary of James’ various professional choices, business ventures, and other income sources:

• Political career: John James’ current position as a U.S. Representative from Michigan grants him an annual salary of $174,000; 

• Military service: Upon graduating from West Point, James spent eight years in active military service. He participated in several tours of duty in Operation Iraqi Freedom as an Apache helicopter pilot. Furthermore, he attended the Ranger School and earned the Ranger-tabbed rank of captain;

• Business: Following his active duty, James joined the family business. He became the director of James Group International, a supply chain management company, and the CEO of Renaissance Global Logistics, its subsidiary. 

John James’ assets and liabilities

John James’ net worth is mainly built on the ownership stake of his family business. He has also made certain investments that contributed to his wealth. The most valuable assets in his financial disclosure report include:

• James Group, Inc.  – partial ownership and stock position with an estimated value of $1,000,000 – $5,000,000;
• Federated Hermes Government Obligations Fund AVR Shares (GOVXX) – a mutual funds position worth between $1,000,000 – $5,000,000;
• Fifth-Third Bank  – a bank account estimated between $250,001 – $500,000;
• USAA Savings  – a bank account estimated between $100,001 – $250,000;
• OJ Land Development, Inc. – a rental property valued between $100,001 – $250,000.

Insider trading involvement

As reported by Finbold’s political stock tracker, John James had failed to properly disclose transactions in multiple companies, including technology giants Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL), in addition to a stake in Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A).

Furthermore, the report noted that the representative disclosed 146 trades in 2023, accounting for a volume of $1.19 million.

Who is John James?

John James was born in Detroit, Michigan, on June 8, 1981. He is a businessman, army veteran, and politician with solid experience in military and corporate leadership. Before becoming a politician, James spent eight years in military service, including over 750 flight hours on a helicopter, and helped run the James family business. 

He came to national prominence during his Senate race campaigns in 2018 and 2020, where he lost to Democratic incumbents by a narrow margin despite being endorsed by Donald Trump. However, he successfully leveraged his profile to win the House seat in 2022. He was also briefly considered as the Potential United Nations ambassadorship to replace Nikki Haley.

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James focused on economic growth, veterans’ affairs, national security, and limiting central government outreach during his tenure. Two of his West Point classmates are fellow representatives Pat Ryan and Wesley Hunt. He is married to Elizabeth James, and they have three children.

The bottom line

John James’ net worth, estimated between $1.84 million and $14 million, puts him above the average Congress member’s total wealth. However, his individual stock trading and investment have sometimes been at odds with the STOCK Act. 

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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