Shelley Moore Capito’s net worth has been discussed a lot, especially given her active involvement in stock trading. As West Virginia’s most active senator in the stock market, it’s only fair to take a gander at her finances.
Who is Shelley Moore Capito?
Shelley Moore Capito has been a prominent figure in American politics for decades. She represents West Virginia as a United States Senator, a role she has held since 2015. Before her tenure in the Senate, Capito served as a member of the United States House of Representatives from 2001 to 2015. She is known for her moderate political views, working on a wide range of issues, including infrastructure, healthcare, and education.
Shelley Moore Capito’s net worth
OpenSecrets estimated Shelley Moore Capito’s net worth to be $2,149,080 in 2018. However, based on her annual report for the year 2023, Senator Capito is actually worth anywhere between $2,651,121 and $7,834,122.
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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 Shelley Moore Capito make her money?
Shelley Moore Capito’s wealth comes from a combination of her political career, investments, and inherited wealth. Here’s a breakdown of her income sources:
- Political salary: As a senator and former member of the House of Representatives, Capito receives a substantial salary, which contributes to her overall net worth;
- Stock investments: Capito has made numerous investments in the stock market, actively trading stocks that yield significant returns;
- Inherited wealth: Some of Capito’s net worth can be attributed to inheritance, adding to her financial base.
Shelley Moore Capito’s assets
According to her annual report, Shelley Moore Capito’s assets total between $2,651,121 and $7,834,122, with liabilities ranging from $465,004 to $1,050,000. That said, her most valuable assets include:
- Belle Meade Associates NT LP business entity limited partnership, valued over $1 million and held independently by either her spouse or child;
- Belle Meade Associates NY, LP business entity limited partnership, valued between $500,001 and $1 million;
- SINAX-ClearBridge Large Cap Value A (NASDAQ) mutual fund, valued between $100,001 and $250,000;
- United Bankshares, Inc. (NASDAQ: UBSI) common stock, valued between $100,001 and $250,000.
Was Shelley Moore Capito involved in insider trading?
What is insider trading?
It’s no secret that Shelley Moore Capito is active in stock trading. According to financial disclosure reports, her most recent transaction was on April 23, 2024, when she partially sold Apple shares (NASDAQ: AAPL) valued between $1,001 and $15,000.
However, there have been allegations related to insider trading. For instance, political commentator Swint believes that Capito and her husband traded on inside information during the 2008 financial crisis, specifically citing a trade where they dumped between $100,000 and $250,000 of Citigroup (NYSE: C) stock on November 18, 2008.
Please note that these allegations are not proven facts but rather opinions based on specific trades.
How much is Shelley Moore Capito worth?
Although regarded as West Virginia’s most active senator in stock trading, Shelley Moore Capito’s net worth is relatively modest. It ranges between $2,651,121 and $7,834,122, which is nowhere near the big guns such as Rick Scott and Mitt Romney.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
