How rich is Nebraska’s senator Pete Ricketts: Pete Ricketts’ net worth revealed

For those wondering about Pete Ricketts’ net worth, you’ve come to the right place. In the following piece, we’ll explore his personal wealth by looking at his assets and investments, as well as all other relevant financial information.

Who is Pete Ricketts?

Pete Ricketts is a Nebraskan politician and businessman. He is a member of the Republican Party and has served as the Governor of Nebraska from 2015 to 2023. Following his tenure as governor, he continued his political career by being appointed to the United States Senate, representing Nebraska.

Pete Ricketts’ net worth

According to his 2023 financial disclosure report, Pete Ricketts’ assets total between $3,241,236 and $10,090,000. He also has no liabilities, making his total asset value his actual 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 Pete Ricketts make his money?

Here’s a breakdown of Pete Ricketts’ income sources:

• Family business: The Ricketts family founded TD Ameritrade in 1975. Pete joined the company in various capacities, eventually becoming the Chief Operating Officer;

• Inheritance: As a member of the Ricketts family, Pete inherited a substantial portion of his wealth from his father, Joe Ricketts, the founder of TD Ameritrade;

• Political career: While not as lucrative as his business ventures, his political career has also provided him with a steady income and investment opportunities.

Pete Ricketts’ assets

As mentioned earlier, Pete Ricketts’ assets total between $3,241,236 and $10,090,000, and he has no reported liabilities. Out of his vast number of assets, the most valuable ones include the following:

• Vanguard Wellington Fund (VWELX) mutual fund, valued between $250,001 and $500,000;

• UBS Bank USA Core Savings banks deposit, valued between $100,001 and $250,000;

• Congressional Federal bank deposit, valued between $100,001 and $250,000;

• Lowe’s Companies Inc. (NYSE: LOW) corporate stock, valued between $100,001 and $250,000;

• Microsoft (NASDAQ: MSFT) corporate stock, valued between $100,001 and $250,000.

Was Pete Ricketts ever involved in insider trading?

Although boasting one of the most diverse portfolios in the Senate, there are no public records or indications suggesting Pete Ricketts’ involvement in insider trading. It appears that he adheres to the ethical standards required of him and his position in American politics.

How much is Pete Ricketts worth?

Pete Ricketts’ net worth can be anywhere between $3,241,236 and $10,090,000, according to his public disclosure report for the year 2023. Even though either ends of this estimate range are more than solid figures, Ricketts is nowhere near the top guns in US politics. His party colleagues, Rick Scott and Mitt Romney, are miles ahead in terms of net worth.

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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