Katie Porter’s net worth revealed: How rich is the US Representative for California’s 47th congressional district?

If you were wondering about Katie Porter’s net worth, you’re in the right place. In this piece, we explore her finances, including her assets and investments, as well as all other relevant financial and personal information.

Who is Katie Porter?

Katie Porter is an American politician and lawyer who has been serving as the US Representative for California’s 47th congressional district since 2023. Before that, she represented the 45th congressional district from 2019 to 2023. She is known for her direct and effective questioning style during congressional hearings, often using a whiteboard to break down complex issues.

Katie Porter’s “Whiteboard of Justice”

Porter is a member of the Democratic Party and has been a prominent figure in consumer protection and advocacy. She has a background in law, having graduated from Yale University and Harvard Law School, where she studied under Elizabeth Warren. In 2023, she announced her candidacy for the US Senate but did not advance past the primary.

Katie Porter’s net worth

OpenSecrets estimated Katie Porter’s net worth at $1,570,032 in 2018. However, based on her 2023 financial disclosure report, we estimated Porter’s wealth at anywhere between $175,058 and $2,107,998.

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

How did Katie Porter make her money?

Here’s a brief overview of Katie Porter’s income sources:

• Legal career: Porter worked as a law professor at the University of California, Irvine School of Law, where she specialized in consumer protection and bankruptcy law;

• Political career: As a US Representative, she earns an annual salary from her congressional position, which is $174,000;

• Book royalties: Porter also authored a book titled I Swear: Politics Is Messier Than My Minivan, which generated income through sales and royalties;

• Investments and savings: Porter also has investments and savings that contribute to her financial stability.

Katie Porter’s assets

According to her 2023 financial disclosure report, Katie Porter’s assets range from $775,058 to $2,408,000, with liabilities totaling between $300,002 and $600,000. Out of all her reported assets, the most valuable ones include the following:

• Three different Pennsylvania Guaranteed Savings Plans, each valued between $100,001 and $250,000;

• TIAA-Cref Lifecycle 2040 IRA, valued between $100,001 and $250,000.

Controversies and personal life

Over the years, Katie Porter faced various controversies. Namely, she was accused of being a demanding and sometimes abusive boss. In December 2022, text messages surfaced where she scolded a staffer for giving her COVID-19. She was also accused by anonymous staffers of making racist comments.

The bottom line

Based on her 2023 financial disclosure report, we estimated Katie Porter’s net worth to be between $175,058 and $2,107,998. Although this doesn’t make her the richest US politician, she’s certainly one of the better-off ones, especially compared to average American citizens.

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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