Josh Gottheimer net worth revealed: How rich is the New Jersey Congressman?

In this piece, we explore Josh Gottheimer’s net worth, assets, and investments, as well as his controversies and personal life details.

Who is Josh Gottheimer?

Josh Gottheimer is a US Congressman representing New Jersey’s 5th Congressional District since 2017. He is a member of the Democratic Party and has a background as an attorney, writer, and public policy adviser. Before his congressional career, Gottheimer worked as a speechwriter for President Bill Clinton and served as an adviser to the presidential campaigns of Wesley Clark, John Kerry, and Hillary Clinton.

Gottheimer has also held positions at the Federal Communications Commission, Ford Motor Company (NYSE: F), and Microsoft (NASDAQ: MSFT). He is known for his bipartisan approach and involvement in various legislative efforts, including those focused on transportation, public safety, and protecting the elderly LGBTQ+ community.

Josh Gottheimer’s net worth

In 2018, OpenSecrets estimated Josh Gottheimer’s net worth to be just under $9 million. However, based on his 2023 financial disclosure report, we calculated his net worth to be between $7,351,390 and $73,127,022.

Disclaimer: Estimating a Congress Representative’s net worth is challenging because disclosure forms do not mandate exact values. Instead, they 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, Josh Gottheimer earns $174,000 annually, but this isn’t required to be disclosed.

How did Josh Gottheimer make his money?

Here’s a brief overview of Josh Gottheimer’s different income sources over the years:

• Private sector: Before entering politics, Gottheimer held significant positions at Microsoft and Ford Motor Company;

• Lawyer career: Gottheimer worked as a lawyer and public policy advisor before entering politics;

• Political career: As a Congressman, Gottheimer earns annually $174,000;

• Investments: Josh Gottheimer’s financial disclosure reports indicate that he has a diverse portfolio with various assets and investments.

Josh Gottheimer’s assets

Based on his 2023 financial disclosure report, Josh Gottheimer’s assets range in value from $17,401,390 to $75,142,025, with liabilities totaling between $2,015,003 and $10,050,000. Out of all his assets, the most valuable ones include the following:

• Microsoft Corporation (MSFT), valued between $5,000,001 and $25 million;
• Microsoft Corporation (MSFT), call options, valued between $5,000,001 and $25 million;
• Vanguard S&P 500 ETF (VOO), valued between $1,000,001 and $5 million;
• Microsoft Corporation (MSFT), call options, valued between $1,000,001 and $5 million;
• Microsoft Corporation (MSFT), valued between $500,001 and $1 million.

Controversies

Josh Gottheimer faced several controversies throughout his political career. One notable clash involved the progressive wing of the Democratic Party. Gottheimer led efforts to separate the $1 trillion bipartisan infrastructure bill from a larger $3.5 trillion Democratic-backed spending bill, angering many progressives who felt this undermined the legislative strategy of the Congressional Progressive Caucus and the Biden administration.

Additionally, Gottheimer occasionally voted with Republicans on issues such as immigration, policing, and voting rights, drawing criticism from Democrats who believed he strayed from the party’s core values. He also faced backlash over remarks allegedly made about Muslim clerics, as well as criticism for accepting campaign donations from controversial figures.

The bottom line

According to his 2023 financial disclosure report, Josh Gottheimer’s net worth is estimated to range between $7,351,390 and $73,127,022, making him one of the wealthiest members of Congress. Much of his wealth stems from investments in Microsoft, where he worked before his political career.

However, Gottheimer has faced recent controversy, with allegations of insider trading raising ethical concerns. These accusations have sparked debate about the potential conflicts of interest arising from his position in American politics.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.