Tim Sheehy’s net worth revealed: How rich is the newly elected US Senator from Montana

As the newly elected US Senator from Montana, Tim Sheehy’s net worth is starting to draw more and more attention. In this piece, we’ll go through his background in the military, entrepreneurship, and politics to find out what he’s worth.

Who is Tim Sheehy?

Tim Sheehy is the founder of Bridger Aerospace (NASDAQ: BAER), an aerial firefighting company, a former Navy SEAL, and, as of November 5, 2024, a US Senator representing Montana. He defeated the incumbent Democratic Senator Jon Tester.

Tim Sheehy’s net worth

Back in 2023, NBC Montana reported that Tim Sheehy’s net worth is somewhere between $74 million and $200 million—a wide range due to the varying values of his investments and assets, which include his business holdings, properties, and other investments.

Disclaimer: Estimating a US Senator’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.

Tim Sheehy’s assets

According to his 2024 financial disclosure report, Tim Sheehy’s assets range from $107,059,158 to $298,063,000, and liabilities from $1,000,001 to $5 million. Here’s a list of his most valuable assets:

• Ownership interest in Turtle Lake Holding Company, LLC, valued over $50 million;

• Bridger Aerospace Group Holdings Inc corporate securities stock, valued between $5,000,001 and $25 million;

• Note receivable—Bird Point, LLC, accounts receivable from a business, valued between $5,000,001 and $25 million;

• Note Receivable—Element Aviation Services, LLC, accounts receivable from a business, valued between $5,000,001 and $25 million;

• Single family residential home and cabins in Polson, MT, valued between $5,000,001 and $25 million.

Controversies

During his campaign for Senate, Tim Sheehy faced several controversies regarding his business practices, as he faced scrutiny over its operations and contracts.

Additionally, Sheehy was accused of lying about his military service. He claimed to have been shot in the arm during a friendly fire incident in Afghanistan, but records and testimonies suggest he actually shot himself accidentally in Glacier National Park in 2015. He was also fined for illegally discharging a firearm.

Furthermore, Sheehy stated he was medically discharged from the Navy due to injuries sustained in combat, but his discharge paperwork indicates he voluntarily resigned.

Personal life

Tim Sheehy is married to Carmen Sheehy, whom he met while they were both at the US Naval Academy. Carmen is a former US Marine Corps Officer. The couple has four children—Walter, Evelyn, Annabelle, and Bruce. They chose to make Montana their home after leaving the military, and they are dedicated to raising their family there.

Tim and Carmen are philanthropists, with over $6 million in donations to various Montana charities. They have supported projects like improving rural healthcare and building a library and playground for underserved communities.

The bottom line

Tim Sheehy’s net worth ranges between $102,059,158 and $297,062,999, making him one of the wealthier US Senators. Still, he’s nowhere near the very top of US politicians in terms of personal wealth.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.