As a prominent figure in US politics, Tina Smith’s net worth is a topic of interest for all Minnesotans and other Americans. This is why, in the following piece, we decided to explore her finances—shedding light on her assets, investments, and all other relevant information.
Who is Tina Smith?
Tina Smith is an American politician who serves as the junior United States Senator from Minnesota. She assumed office on January 3, 2018, after being appointed by Governor Mark Dayton to replace Al Franken. Before her Senate role, Smith served as the 48th Lieutenant Governor of Minnesota from 2015 to 2018. She has been a strong advocate for healthcare reform, women’s rights, and education. Smith’s background includes a mix of public service and private sector experience, making her a multifaceted and influential political figure.
Tina Smith’s net worth
Senator Tina Smith’s estimated net worth was $1,696,020 in 2018, according to OpenSecrets. Nevertheless, based on her annual financial report for the year 2023, Tina Smith’s net worth ranges from $1,859,042 to $6,861,998.
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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 Tina Smith make her money?
Tina Smith’s wealth comes from a combination of her career in public service and private sector roles. Here’s a breakdown of her primary income sources:
- Senate salary: As a US Senator, Smith earns an annual salary of $174,000;
- Private sector roles: Before her political career, Smith held various positions in marketing and public relations, including roles at General Mills (NYSE: GIS) and Planned Parenthood;
- Investments: Smith has diversified her income through investments in stocks, mutual funds, and other financial instruments;
- Pension: Smith receives pension benefits from her time in public service roles.
Tina Smith’s assets
Based on Tina Smith’s financial disclosure report for the year 2023, her total assets are worth between $3,359,042 and $7,612,000, and her total liabilities range from $750,002 to $1,500,000. That said, some of her most prized assets are:
- SNAXX—Schwab Value Advantage Money Fund Ultra Shares worth between $500,001 and $1 million;
- DexCom, Inc. corporate securities stock valued between $500,001 and $1 million;
- Insulet Corporation corporate securities stock valued between $500,001 and $1 million;
- NextEra Energy, Inc. corporate securities stock valued between $250,001 and $500,000;
- Artivion Inc corporate securities stock, valued between $100,001 and $250,000.
Was Tina Smith involved in insider trading?
What is insider trading?
Over the years, Tina Smith faced scrutiny for her financial activities, particularly stock trades that coincided with her role on the Senate Committee on Health. Limited media coverage of these transactions has prompted questions about potential insider trading and conflicts of interest. While there is no conclusive evidence of insider trading, it’s safe to say that her stock purchases have raised concerns.
How much is Tina Smith worth?
To sum up, Tina Smith’s net worth is more than solid, ranging between $1,859,042 to $6,861,998. Although these figures don’t make her the richest American politician—in fact, she’s far from Rick Scott, Mitt Romney, and Richard Blumenthal—her net worth is significantly higher than that of average Americans.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
