Top 17 Wealthiest Politicians in the USA – Can You Guess Who’s First?

By Youmn January 29, 2019 View all posts (97)

Have you ever wondered how much your state’s governor’s net worth is? With political campaigns costing fortunes to plan and execute, it comes as no surprise that many of the nation’s richest individuals happen to be governors, senators, congressmen, and even presidents. The wealthiest politicians amongst them either had created successful ventures or inherited their fortunes.

Roll Call’s “Wealth of Congress” and Forbes’ “World’s Billionaires List” shed light on the richest politicians in office and estimated their net worths. We used these two lists, in addition to other sources, to put together a ranking of the 17 wealthiest politicians in the USA.

Read along to discover the politicians who are members of the 2-comma and 3-comma club!

17.) Gov. Pete Ricketts

wealthiest politicians governor pete ricketts

Independent / Barrett Stinson

  • State: Nebraska
  • Estimated net worth: $45 Million – $50 Million

Nebraska’s 40th Governor is a member of the Republican party and the son of TD Ameritrade’s founder. In his early career, he worked in his father’s business, raising in the ranks from the call center to executive positions before finally becoming CEO.

He is also a part-owner of Major League Baseball’s Chicago Cubs.

16.) Sen. Richard Blumenthal

wealthiest politicians richard blumenthal senator

Frankie Graziano / Connecticut Public Radio

  • State: Connecticut
  • Estimated net worth: $70 Million

Elected to the U.S. Senate in 2010, then as Connecticut’s senior senator in 2012, Richard Blumenthal may be worth more than $70 million.

Roll Call says that the majority of Blumenthal’s wealth comes from his wife. Cynthia Blumenthal is the daughter of Peter Malkin, a real estate developer in Manhattan, who also happens to be Donald Trump’s rival.

15.) Rep. Vern Buchanan

wealthiest politicians vern buchanan

Steve Nesius / AP

  • State: Florida
  • Estimated net worth: $73.9 Million

Vernon Gale Buchanan has represented Florida’s 16th district in the House of Representatives since 2012.

The Republican politician’s wealth is primarily due to his automotive dealerships. After starting his first business in the printing industry in Michigan, he moved to Florida and bought his first dealership in 1992. His activities kept on growing and made him one of the wealthiest politicians in America.

14.) Sen. Mark Warner

wealthiest politicians mark warner

William Atkins / GW Today

  • State: Virginia
  • Estimated net worth: $90.2 Million

The richest Senator and second richest Democrat in Congress is the 65-year-old politician Mark Warner.

His fortune was made by investing in telecommunication companies.

13.) Rep. John Delaney

John Delaney wealthiest politicians

AP Photo / Charlie Neibergall

  • State: Maryland
  • Estimated net worth: $93 Million

The health care industry is worth billions, and Representative John Delaney knows that better than anyone else.

John Delaney, who was the first Democrat to announce in 2017 that he will be running for president in the 2020 elections, started his fortune creating and running health care businesses, in addition to HealthCare Financial Partners.

He is also reported to be the only member in Congress possessing the famous American Express Centurion, a.k.a Black Card. 

12.) Rep. Michael McCaul

wealthiest politicians michael mccaul congerssman
  • State: Texas
  • Estimated net worth: $113 Million

Representing Texas’s 10th congressional district, Republican Representative Michael McCaul has had a long career in both the legal field and in office.

He made his fortune primarily by marrying Linda Mays, daughter of Lowry Mays, the founder and former CEO of Clear Channel Communications.

11.) Rep. Dave Trott

wealthiest politicians dave trott michigan senator

Carlos Osorio / AP Photo

  • State: Michigan
  • Estimated net worth: $119 Million

Mortgages might be a dreadful word to many of us, but to Dave Trott, the “foreclosure king,” mortgages are at the origin of his big fortune.

The GOP congressman retired in 2017 to focus on his family and return to the private sector. He also confessed that President Donald Trump is a “factor” in this decision.

10.) Rep. Jared Polis

wealthiest politicians jared polis

Sara Hertwig / Denverite

  • State: Colorado
  • Estimated net worth: $122.6 Million

Colorado’s 2nd Congressional District Representative, Jared Polis, won’t just go down in history as one of the youngest and wealthiest politicians in the House. He is also the first openly gay parent in Congress.

Jared Polis’s fortune comes from his entrepreneurial ventures, starting with American Information Systems, a web-hosting company he founded when he was still a college student.

9.) Rep. Greg Gianforte

wealthiest politicians greg gianforte

Matthew Brown / AP

  • State: Montana
  • Estimated net worth: $135.7 Million

The second-richest member of Congress made his fortune in the tech sector.

Greg Gianforte created Brightwork Development and sold it to McAfee Associates in 1994 for the hefty sum of $10 million. In 2012, he cashed in $1.5 billion after he sold his company RightNow Technologies, a cloud-based customer service business, to Oracle.

8.) Sen. Mitt Romney

wealthiest politicians mitt romney
  • State: Utah
  • Estimated net worth: $230 Million

Newly-elected Utah’s Senator Mitt Romney is no stranger to U.S. politics. His long career in the Republican party included two unsuccessful runs at the presidency in the 2008 and 2012 elections, in addition to being Massachusetts’ 70th Governor from 2003 to 2007.

His fortune, on the other hand, happened before his political life. He founded the investment firm Bain Capital.

7.) Gov. Rick Scott

Governor Rick Scott wealthiest politicians usa

AP Photo / Palm Beach Post, Gary Coronado

  • State: Florida
  • Estimated net worth: $232 Million

The wealthiest politicians know the sectors that yield massive profits.

After a career in the Navy, Rick Scott built his fortune in the healthcare business. He then went on to become Florida’s Governor. After taking on the latter function, he transferred his assets to a blind trust.

6.) Rep. Darrell Issa

wealthiest politicians darrell issa congress
  • State: California
  • Estimated net worth: $283.3 Million

The richest man in Congress was California’s Republican Representative Darrell Issa, up until his retirement in 2019.

Prior to his election, Darrell Issa co-founded and became CEO of Directed Electronics in 1982. He is one of the largest makers of automobile aftermarket security and convenience products in the USA.

5.) Gov. Bruce Rauner

wealthiest politicians bruce rauner illinois congress

Getty

  • State: Illinois
  • Estimated net worth: Just under $1 billion

The 42nd Governor of Illinois is only this close to becoming a billionaire.

With a background in finances (a B.A. in economics from Dartmouth and MBA from Harvard) Rauner was the chairman of the Chicago-based private equity firm GTCR and to R8 Capital Partners.

4.) Gov. Mark Dayton

wealthiest politicians mark dayton congressman

Elizabeth Flores / Star Tribune via AP

  • State: Minnesota
  • Estimated net worth (of the family): $1.6 Billion

As opposed to many of the wealthiest politicians mentioned so far in our list, Minnesota’s Governor and former Senator Mark Dayton inherited his massive fortune from his family’s ventures.

His great-grandfather George Dayton was the founder of Dayton Dry Goods Company. If the name doesn’t ring a bell, it was the company that created Target in 1962, which now is the world’s fifth-biggest retailer.

3.) Gov. Bill Haslam

wealthiest politicians governor bill haslam congress

Stephen Jerkins / WPLN

  • State: Tennessee
  • Estimated net worth: $1.8 Billion

Former Tennessee’s Governor Bill Haslam (out of office on January 19, 2019) was one of the wealthiest politicians in the USA.

Until 1999, he was the president of Pilot Flying J, his family’s chain of truck stops. The company was partially acquired in 2017 by Berkshire Hathaway, Warren Buffet’s company, for a reported sum of $2.7 billion.

2.) Gov. Jim Justice

jim justice wealthiest politicians

Wikimedia Commons

  • State: West Virginia
  • Estimated net worth: $1.9 Billion

West Virginia’s governor Jim Justice owns coal mines in 5 states, a business he inherited from his father.

He then went on to create his own dynasty, with over 50 companies under his belt, which makes him second in the USA’s wealthiest politicians, right behind President Donald Trump.

1.) President Donald Trump

wealthiest politicians donald trump president usa
  • Estimated net worth: $3.1 Billion

The richest politician in the country is Donald Trump, the President of the USA.

Donald Trump is now worth a massive fortune of $3.1 billion, which was first inherited by his father’s real estate company and later on developed with buildings, golf courses, hotels and more.

The first billionaire president in the history of the U.S. also made money in television and licenses.

 

What do you think of America’s wealthiest politicians? Is your state’s representative in the list? Speaking of states, would you like to know the best cities of each state? If yes, click ‘Next’ to read more about it!

 

 

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