In case there was any doubt about the finances of Pennsylvania’s representative in the Senate, we’re here to clear things up. In this piece, we’ll explore Robert Casey’s net worth, picking apart his assets and investments, as well as all other relevant financial data.
Who is Robert Casey?
Robert Casey is a prominent American politician serving as the senior United States Senator from Pennsylvania. He comes from a family with a rich political history. His father, Robert P. Casey, served as Governor of Pennsylvania from 1987 to 1995. He is a member of the Democratic Party and has been in office since 2007, consistently advocating for policies that support healthcare, labor rights, and economic equality.
Casey graduated from the College of the Holy Cross and later earned his law degree from the Catholic University of America Columbus School of Law. Before his tenure as a US Senator, Casey served as Pennsylvania’s Auditor General and Treasurer, which helped solidify his reputation as a dedicated public servant committed to fiscal responsibility.
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Robert Casey’s net worth
According to OpenSecrets, Senator Bob Casey’s estimated net worth in 2018 was approximately $609,007. However, based on his 2023 financial disclosure report, Robert Casey is actually worth between -$589,989 and $599,997.
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 Robert Casey make his money?
Here’s a brief overview of Robert Casey’s income sources:
- Senatorial salary: As a US Senator, Casey earns a salary of $174,000 per year, which is a significant portion of his income;
- Investment income: Casey has a variety of bank deposits, mutual funds, and retirement plans, each contributing to his overall net worth;
- Book royalties: Casey has authored several books and articles, earning royalties that add to his income.
Robert Casey’s assets
According to his 2023 financial disclosure report, Robert Casey’s total assets range from $250,011 to $675,000, with liabilities totaling between $75,003 and $840,000. Out of his total of 17 assets, the most valuable ones include:
- Vanguard Federal Money Market Fund bank deposit, valued between $100,001 and 250,000;
- First National Community Bank deposit, valued between $50,001 and $100,000;
- Vanguard Federal Money Market Fund, valued between $50,001 and $100,000.
Was Robert Casey ever involved in insider trading?
What is insider trading?
From what we were able to gather, there are no records of Senator Bob Casey being involved in any insider trading scandal. It appears that he adheres to the ethical standards required of him due to his position in American politics.
How much is Robert Casey worth?
With a modest net worth ranging between -$589,989 and $599,997, Robert Casey ranks among the least wealthy senators in the United States. In fact, there’s a solid chance of him being in debt, given that his maximum liabilities surpass his minimum assets. However, he isn’t alone in this financial situation; Senators Tom Cotton and Bill Cassidy, as well as a few others, also have negative net worths.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
