How much is Vermont senator Peter Welch worth; Peter Welch’s net worth revealed

Due to his prominence in American politics, we decided to explore Peter Welch’s net worth. As such, in the following piece, we pick apart the Vermont senator’s finances, from his assets and investments to all other relevant financial information.

Who is Peter Welch?

Peter Welch is a seasoned American politician who has served as the US Senator from Vermont since 2023. Born in Springfield, Massachusetts, Welch entered politics after completing his education at the College of the Holy Cross and the University of California, Berkeley School of Law. Before becoming a senator, Welch represented Vermont’s At-Large Congressional District in the US House of Representatives from 2007 to 2023.

Peter Welch’s net worth

According to OpenSecrets, Peter Welch’s estimated net worth in 2018 was approximately $5,567,564. Yet, based on his 2023 financial disclosure report, he’s actually worth anywhere between $4,879,108 and $13,627,998.

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 Peter Welch make his money?

Here’s a summary of Peter Welch’s income sources:

• Salary from public office: As a US Senator, Welch earns an annual salary of $174,000, a consistent source of income throughout his political career;

• Legal career: Before entering politics, Welch practiced law, which provided a substantial foundation for his financial stability;

• Investments: Like many politicians, Welch has likely invested in stocks, bonds, and other financial instruments, contributing to his overall wealth.

Peter Welch’s assets

In Peter Welch’s 2023 financial disclosure report, we see that his total assets range between $5,144,108 and $13,738,000, with his liabilities totaling from $110,002 to $265,000. Out of all his assets, his most valuable ones are:

• Fidelity Government Cash Reserves bank deposit, valued between $500,001 and $1 million;

• SPDR Select Sector Fund—Industrial mutual fund, valued between $250,001 and $500,000;

• SNVXX—Charles Schwab Government Money Market bank deposit, valued between $250,001 and $500,000;

• Vanguard Total Stock Market ETF mutual fund, valued between $250,001 and $500,000;

• Fidelity Growth Company Fund Retail Class mutual fund, valued between $100,001 and $250,000.

Was Peter Welch ever involved in insider trading?

Peter Welch has been involved in insider trading incidents on more than one occasion. Specifically, he was caught a second time when his wife’s sale of ExxonMobil (NYSE: XON) stock resulted in a STOCK Act violation. He recently said that he and his wife will no longer trade individual stocks.

How much is Peter Welch worth?

Peter Welch’s net worth ranges between $4,879,108 and $13,627,998, placing him among the wealthier US Senators. However, he is not among the top tier of his congressional peers, some of whom have personal wealth that surpasses eight figures. Additionally, Senator Welch’s public image has been somewhat tarnished by his involvement in insider trading on two occasions.

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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