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Kenny Marchant Net Worth 2024



Kenny Marchant net worth

What is Kenny Marchant net worth?

Net worth$33 million
Date of BirthFebruary 23, 1951
OccupationAmerican politician
Political partyRepublican

Kenny Marchant net worth: Kenny Ewell Marchant is an American politician who has a net worth of $33 million making him one of the richest politicians in United States.

Early life, education and career

Marchant was born in Bonham, Texas, but grew up in Carrollton, a Dallas suburb. He graduated from R.L. Turner High School in Carrollton and attended college at Southern Nazarene University (SNU) in Bethany, Oklahoma, at which he graduated with a Business Administration degree. He worked as a real estate developer and he owned a home-building company prior to entering politics.

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Marchant served on the Carrollton City Council from 1980 to 1984, and was mayor of Carrollton from 1984 to 1986, both nonpartisan positions.

Texas House of Representatives

He was a member of the Texas House of Representatives from 1987 to 2004. During three of his nine terms in the Texas House, Marchant served as chairman of the Committee on Financial Institutions. He pushed for legislation that reorganized the Texas Banking Code.

In 2002, he was chosen as Chairman of the Texas House Republican Caucus. In 2004, he was named a Top Ten Legislator by Texas Monthly and Legislator of the Year by the Texas Municipal League.

U.S. House of Representatives

Marchant was also a member of the Republican Study Committee, the Tea Party Caucus and the U.S.-Japan Caucus.

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In the 110th Congress, Marchant served on the United States House Committee on Financial Services, Committee on Education and Labor, and Oversight and Government Reform Committee.

Marchant worked closely with Bush when he was governor of Texas, and bills himself as a staunch conservative. However, he has occasionally broken ranks with the GOP, as he did to increase the minimum wage.

 He has said that his top priority on Capitol Hill will be cutting the federal deficit with fiscal conservative policies. In 2017, he voted for the Tax Cuts and Jobs Act. Marchant expressed opposition to the proposed “Green New Deal” resolution in 2019, alleging that it would cost up to $93 trillion without having any effect on the global climate.

Marchant cosponsored legislation H.R. 1503 to amend the Federal Election Campaign Act of 1971 to require candidates for the presidency “to include with the campaign committee’s statement of organization a copy of the candidate’s birth certificate” plus supporting documentation.

 Introduced without the Republican leadership being informed, Florida Today commented that the bill “stems from fringe opponents of President Barack Obama who, during the 2008 election campaign, questioned whether Obama was born in Hawaii.”

On December 18, 2019, Marchant voted against both articles of impeachment against Trump. Of the 195 Republicans who voted, all voted against both impeachment articles.

Personal life

Marchant is married to Donna Marchant and has four children as well as either four grandchildren  or seven grandchildren. They live in Coppell, a Dallas suburb. Marchant’s son Matthew Marchant is a former mayor of Carrollton, Texas.

Kenny Marchant Net Worth

Kenny Marchant net worth: Kenny Ewell Marchant is an American politician who has a net worth of $33 million making him one of the richest politicians in United States.

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