The United States has about 100 Senates, many of the senators are successful businessmen as well. In this article, we will be bringing to you the top 10 richest senators in America 2021.
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. keep reading as we bring to you the list of the top 10 richest senators in America.
The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety.
Each state is equally represented by two senators who serve staggered terms of six years. There are currently 100 senators representing the 50 states. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, and has a vote only if the senators are equally divided.
The list of the top 10 richest senators in America 2021 is made possible because, each year, every member of the senate is made to file their financial disclosure to avoid conflict of interest.
Top 10 Richest Senators in America 2021
- Sen. Mitt Romney – $250 million
- Sen. Rick Scott -$220 million
- Sen. Mark Warner – $215 million
- Sen. Dianne Feinstein -$88 million
- Sen. Richard Blumenthal -$100 million
- Sen. John Hoeven -$47 ,million
- Sen. James E. Risch -$42 million
- Sen. Ron Johnson -$39 million
- Sen. Mitch McConnell -$34 million
- Sen. Rob Portman -$11 million
More on Top 10 Richest Senators in America 2021
The salary of a U.S. senator is $174,000 per annum, but senators usually make more money through other investments, the use of their high-profile status to make connections and various business dealings that help increase their wealth.
Sen. Mitt Romney
Net Worth -$250 million
Willard Mitt Romney is the 70th senator of Massachusetts. He began his tenure in 2019.
The business career of Mitt Romney began shortly after he finished graduate school in 1975. At that time, Romney entered the management consulting industry, and in 1977 secured a position at Bain & Company. Later serving as its chief executive officer, he helped bring the company out of financial crisis.
In 1984, he co-founded and led the spin-off Bain Capital, a private equity investment firm that became highly profitable and one of the largest such firms in the nation. The fortune he earned from his business career is estimated at $190–250 million.
As of 2021, Sen. Mitt Romney net worth is $250 million making him one of the top 10 richest senator in America 2021.
Sen. Mark Warner
Net Worth -$215 million
Mark Robert Warner is an American businessman and politician serving as the senior United States senator from Virginia, first elected in 2008. He is a member of the Democratic Party, vice chair of the Senate Democratic Caucus, and chair of the Senate Intelligence Committee.
Warner attempted to found two unsuccessful businesses before becoming a general contractor for cellular businesses and investors. As founder and managing director of Columbia Capital, a venture capital firm, he helped found or was an early investor in a number of technology companies, including Nextel.
He co-founded Capital Cellular Corporation, and built up an estimated net worth of more than $200 million
Sen. Rick Scott
Net worth of -$ 220 million
Richard Lynn Scott is an American politician and businessman serving as the junior United States senator from Florida since 2019. A member of the Republican Party, he was the 45th governor of Florida from 2011 to 2019.
Rick Scott created a blind trust for his holdings to avoid the appearance of a conflict of interest. The holdings in question included investments in companies and funds that Scott could have had an impact on through his administration’s policies. The trust in question was managed by one of Scott’s former personal assistants from before he became governor.
Aside the the blind trust, Scott has also been invested in stocks in firms that did business with the Maduro regime in Venezuela and a shipping firm
Rick Scott is one of the top 10 richest senators in America with a net worth of $220 million.
Sen. Dianne Feinstein
Net worth – $ 88 million
Dianne Goldman Berman Feinstein is an American politician who serves as the senior United States Senator from California, a seat she has held since 1992. A member of the Democratic Party, she was mayor of San Francisco from 1978 to 1988.
Dianne is currently married to investor Richard Charles Blum. Her 347-page financial-disclosure statement, characterized by the San Francisco Chronicle as “nearly the size of a phone book”, claims to draw clear lines between her assets and her husband’s, with many of her assets in blind trusts.
Blum capital, a private investment firm is believed to be the main source of Dianne Feinstein’s wealth..
She is one of the top 10 richest Senators in America with a net worth of $88 million.
Net worth- $100 million
Richard Blumenthal is an American lawyer and politician serving as the senior United States Senator from Connecticut, a seat he has held since 2011. A member of the Democratic Party, he is one of the wealthiest members of the Senate, with a net worth over $100 million. He served as Attorney General of Connecticut from 1991 to 2011.
His family’s net worth is derived largely from his wife; the Malkins are influential real estate developers and property managers with holdings including an ownership stake in the Empire State Building.
Sen. John Hoeven
Net worth -$47 million
John Henry Hoeven III is an American banker and politician serving as the senior U.S. Senator from North Dakota since 2011. A Republican, he served as the 31st governor of North Dakota from 2000 to 2010.
Before being elected governor, Hoeven was a banker who served in numerous executive roles at various banks, most notably as president of the nation’s only state-owned bank, the Bank of North Dakota, from 1993 to 2000.
He is on the board of directors at First Western Bank & Trust and has an estimated net worth of $47 million, making him one of the wealthiest U.S. Senators. He is the dean of North Dakota’s congressional delegation.
Sen. James E. Risch
Net worth -$ 42 million
James Elroy Risch is an American lawyer and politician who has served as the junior United States Senator from Idaho since 2009. A member of the Republican Party, he served as lieutenant governor of Idaho from 2003 to 2006 and from 2007 to 2009, and as governor of Idaho from 2006 to 2007.
James Risch is among the wealthiest senators with an estimated fortune of $$42 million.
Sen. Ron Johnson
Net worth -$39 million
Ronald Harold Johnson is an American accountant, businessman, and politician serving as the senior United States Senator from Wisconsin. He is a member of the Republican Party.
In the late ’70s, the senator began employment as an accountant at PACUR, a Wisconsin-based polyester and plastics manufacturing company owned by his brother-in-law. As time passed, he moved up through the ranks, and eventually became the company’s CEO by the mid-’80s.
Net worth -$34 million
Addison Mitchell McConnell III is an American politician and retired attorney serving as Senate Minority Leader since 2021 and as the senior United States senator from Kentucky, a seat he has held since 1985. A member of the Republican Party, he previously served as Senate Majority Leader from 2015 to 2021, and as Minority Leader from 2007 to 2015.
Majority of McConnell’s net worth is sourced from Vanguard 500 Index fund.
He is one of the richest Senators right now.
Sen. Rob Portman
Net worth -$ 11 million
Robert Jones Portman is an American attorney and politician serving as the junior United States Senator for Ohio. A Republican, Portman has served as a U.S. Representative, the 14th United States Trade Representative, and the 35th Director of the Office of Management and Budget (OMB).
Portman’s family founded and grew a material-handling distributor company and a large portion of his wealth is in Lebanon House Inc., which owns the Golden Lamb Inn, in Ohio.
Rob Portman net worth is $11 million making him one of the top 10 richest Senators in America 2021.
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