Kathy Manning’s net worth revealed: How rich is the US Representative for North Carolina?

Due to her prominence in US politics and recent allegations of insider trading, we set out to explore Kathy Manning’s net worth, assets, and investments. We also went through her controversies and personal life details.

Who is Kathy Manning?

Kathy Manning is an American lawyer and politician currently serving as the US Representative for North Carolina’s 6th congressional district, a position she has held since January 3, 2021. Manning is a member of the Democratic Party, and her district includes Greensboro and most of Winston-Salem.

Before her political career, she was the first woman to serve as board chair of the Jewish Federations of North America and the founding board chair of Prizmah: Center for Jewish Day Schools. She has a background in law, having earned her Juris Doctor from the University of Michigan Law School.

Kathy Manning’s net worth

In 2023, GO Banking Rates estimated Kathy Manning’s net worth at $27 million and added her to their 25 richest US politicians list. However, according to her 2023 financial disclosure report, Manning is actually worth between $29,004,349 and $88,870,999.

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, Kathy Manning earns $174,000 annually, but this isn’t required to be disclosed.

How did Kathy Manning make her money?

Kathy Manning’s wealth primarily comes from her successful law career and various investments. Here’s a brief overview of her income sources over the years:

• Legal career: Manning worked as a lawyer for many years. She specialized in immigration law and was a partner at a law firm;

• Investments: Over the years, she has made various investments in real estate and the stock market;

• Congress salary: As a US Representative, Manning earns $174,000 annually;

• Board positions: Manning has held several influential positions, like being the first woman to serve as board chair of the Jewish Federations of North America.

Kathy Manning’s assets

When it comes to Kathy Manning’s assets, they range in value between $29,504,349 and $89,121,000. On the other hand, her reported liabilities total from $250,001 to $500,000. Out of all her assets, the most valuable ones include the following:

• Seven Bridges Multi-Strategy Fund Series hedge fund, valued between $5,000,001 and $25 million;
• Four separate Seven Bridges Long/Short Equity Fund Series hedge funds, each valued between $1,000,001 and $5 million.

Controversies and personal life

Kathy Manning has generally kept a low profile regarding controversies. Still, some of her political stances, particularly her support for Democratic policies, have drawn backlash from conservative constituents who disagree with her positions.

Additionally, there have been discussions surrounding her campaign funding. Critics have questioned the influence of large donors and special interest groups on her political decisions.

As for Kathy Manning’s personal life, she is married to Randall Kaplan. The pair have three children together and have been active in various community and philanthropic efforts.

The bottom line

Kathy Manning’s net worth, which ranges between $29,004,349 and $88,870,999, ranks her among the wealthiest US politicians. This wouldn’t be an issue if she wasn’t called out for buying military stocks just before pushing for war against Iran.

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