In the American political arena, the intersection of finances and power has always been a subject of specific focus, with attention gravitating towards certain politicians’ fortunes and wealth-building strategies. Within this sphere, a select group of politicians stands out for their substantial fortunes.
Particularly, according to data obtained by Finbold, as of December 14, the wealthiest American politicians collectively control a fortune amounting to $9.02 billion. The list predominantly comprises seven Republican politicians, with only three Democrats making the cut.
Breaking down the politicians, Democratic Illinois Governor J.B. Pritzker holds the top position with a fortune of $3.4 billion, followed by former President Donald Trump at $2 billion. Governor of North Dakota, Doug Burgum, secures the third spot with a wealth of $1.1 billion.
Darrell Edward Issa, the representative for California’s 48th congressional district, boasts a net worth of $460 million, while Jim Justice, the governor of West Virginia, possesses a fortune of $450 million.
Other politicians on the list include the governor of Colorado, Jared Polis ($400 million), the Governor of Virginia, Glenn Youngkin ($400 million), Utah Senator Mitt Romney ($300 million), Florida Senator Rick Scott ($300 million), and Virginia Senator Mark Warner ($215 million).
How American politicians make money
The research also explored how the politicians have amassed their wealth. According to the report: “Most politicians derive their income through various avenues, including salaries from government positions, earnings from speaking engagements, book deals, and investments. Occasionally, they may engage in consulting or advisory roles, while some politicians have income streams from previous business ventures or investments established before entering the political arena.”
While the named politicians have accumulated substantial wealth, they have not escaped criticism. Specifically, the scrutiny directed at affluent politicians frequently revolves around issues such as wealth inequality, potential conflicts of interest, and the pervasive influence of money in politics.
Read the full story with statistics here: https://finbold.com/americas-