Top 10 Richest Politicians In America and Their Net Worth

Top 10 Richest Politicians In America: A fascinating update on the ranking of the richest US lawmakers, Politics appears to be the purview of the exceedingly affluent in America, as it is in many other nations of the world. It is expensive to run for political office, and even after investing the money and organizing a successful campaign, there is no assurance that one will succeed. Since they would still have money to fall back on if the election was a failure, it is best to leave politics to the men with the biggest bank accounts.

Sometimes people pursue politics because it is the only thing they know how to do; perhaps their relatives were politicians, and as a result, they were raised with an eye toward becoming public figures. Sometimes people get involved in politics to further the interests or fortune of their loved ones. Without further hesitation, let’s take a look at the richest politicians in America and what we might draw about them.

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Top 10 Richest Politicians In America and Their Net Worth

The table below shows the ranking order of the richest politicians in America, their net worth, and their current political party.

1. Michael Bloomberg-$76.8 billion

Top 10 Richest Politicians In America

In Boston, Massachusetts, on February 14, 1942, Michael Bloomberg was born. He was raised in a middle-class home and participated in boy scouts, finally earning the rank of Eagle Scout. He earned an electrical engineering degree from Johns Hopkins University in 1964. From Harvard Business School, he later obtained an MBA.

After graduating from Harvard, Michael went straight to work on Wall Street, where he eventually found a position at Solomon Brothers with a starting salary of $9,000. He was in charge of stock trading when he became a partner at Solomon Brothers in 1973. He lost his job in 1981 after a competitor bank bought Solomon.

Bloomberg is at the top of the list of the richest persons in American politics! He is a well-known novelist, politician, business mogul, and philanthropist. Most people know Michael Bloomberg as the owner and founder of the renowned financial data business known as Bloomberg LP. He served as New York City’s mayor from 2002 to 2013, and from 2019 to 2019, he ran for president in the Democratic Party’s primary.

2. B. Thomas Golisano-$5.1 billion

Top 10 Richest Politicians In America

American entrepreneur and philanthropist Tom Golisano have a $5.1 billion net worth. As the founder of Paychex, the second-largest payroll processor in the US, Thomas Golisano amassed his fortune. Tom is most well-known outside of Paychex for his marriage to former tennis pro-Monica Seles. They started dating in 2009, got engaged in 2014, and were married not long after. In 1994, 1998, and 2002, he ran for governor of New York on the Independence Party of New York’s ticket. He is a founder member of that party. He spent $93 million in total between the three campaigns.

The B. Thomas Golisano Foundation, established by Golisano in 1985, distributes money to groups that work to help people with disabilities and their families. Golisano has given away more than $1 billion of his wealth to charitable organizations. Major contributions of $24 million to the Rochester Institute of Technology, $14 million to the University of Rochester, $10 million to Niagra University, and $5 million each to Nazareth College and Hartwick College have been provided by him to support health care and top educational institutions.

3. Donald Trump-$3.2 billion

Top 10 Richest Politicians In America

American politician, real estate developer, author, and television personality Donald Trump. Donald Trump’s net worth is $2 billion as of this writing, he is ranking third on the list of the richest politicians in America. He was well-known for owning The Trump Organization, a real estate and licensing behemoth before he was elected president of the United States. Golf courses in the United States, Scotland, and Ireland are just a few of the international properties owned by The Trump Organization.

Since 2000, he has also made hundreds of millions of dollars by licensing his name for a wide range of goods and property development initiatives all over the world. Multiple protests were triggered by his election and policies. The 2017–2019 Robert Mueller–led special counsel investigation proved that Russia attempted to influence the 2016 presidential election to support the Trump campaign, but it did not prove that any campaign members joined forces or collaborated with Russia.

Trump, to a degree unheard of in American politics, fostered conspiracies and made several false and misleading claims during his campaigns and presidency. His acts and remarks have frequently been criticized for being racist and sexist and having racial overtones. His fortune, according to some estimates, has drastically decreased along with some of the unsuccessful business enterprises he has engaged in. Bloomberg believes that his value is significantly diminished. The majority of Donald Trump’s income came from real estate, wineries, golf courses, and his work as The Apprentice on television.

4. Bill Haslam-$2.4 billion

who is the wealthiest Politicians In America

The estimated net worth of American politician Bill Haslam is $2.4 billion. Bill Haslam was born in Knoxville, Tennessee, in August 1958. From 2011 to 2019, he served as governor of Tennessee. Haslam, a Republican, graduated from Emory University. From 2003 to 2011, he presided as Knoxville’s 80th mayor. Haslam became the 49th governor of Tennessee in 2011. He also serves as chairman of the Republican Governors Association. He started his business career alongside his father Jim Haslam, who founded the Pilot Corporation.

Without a doubt, one of the richest politicians in the country is Bill Haslam. Forbes estimates that Haslam is worth $2.4 billion, which is something to be proud of. Haslam became the leader of the Flying J truck stop network after inheriting it, serving in that capacity until 1999. He started his political career in 2003 when he was elected mayor of Knoxville, but it wasn’t until 2011 that he was voted for as governor of Tennessee.

Bill first worked as the company’s president before taking over as the CEO of Saks Fifth Avenue’s e-commerce and cataloging departments. The Tennessee Smokies of the independent baseball league are a team that Haslam co-owns. Haslam is also a co-owner of Pilot Flying J, the biggest network of c-stores and gas stations in the country. He has been on the Young Life Board of Trustees since 2011.

READ MORE: Top 10 Richest Presidents In the US History (2022)

5. Gov. Jim Justice-$1.6 billion

Top 10 Richest Politicians In America

Jim Justice, the governor of West Virginia, is the fifth richest politician in America, with a net worth of almost 1.6 billion dollars. The lone billionaire in all of West Virginia is Governor Jim Justice, who took office in 2016. His father left him a coal business, which is where he derives his wealth. He owns coal mines in five different American states now as a mining tycoon.

Jim Justice graduated from Marshall University with both a bachelor’s and an MBA. He was raised in Raleigh County, West Virginia. He started working for his father’s coal mining business, Bluestone Industries, in the middle of the 1970s. Later, he broke away and established Bluestone Farms, his own grain farming business. In the early 1980s, following the death of his father, he took over as CEO of Bluestone Industries. Soon after, he started to grow the business.

He also acquired coal mines in Tennessee, Virginia, Kentucky, and other states. Farmland in numerous southern states is also under the management of Bluestone, currently known as the Justice Companies. He sold all of the West Virginia coal mining activities to Mechel OAO in 2009 for just below $450 million in cash and more than 83 million shares of the Russian corporation. He coaches both the boy’s and girls’ local high school basketball teams when he’s not managing his business or the state of West Virginia.

According to Forbes, Jim Justice’s Net worth is estimated at $1.6 billion, which makes him ranked fifth on the list of the richest politicians in America.

6. Tom Steyer-$1.5 billion

The Democratic Party’s Thomas Fahr Steyer follows with a substantial 1.5 billion dollars estimated net worth. Tom Steyer is a fundraiser, hedge fund manager, philanthropist, environmentalist, and liberal activist, however, he does not work in politics full-time.

He founded and was a former co-senior managing partner of Farallon Capital, where he made his money. Tom Steyer was also a founding partner in OneCalifornia Bank, which merged to form Beneficial State Bank.

He helped raise money for John Kerry, Hillary Clinton, and Barack Obama’s elections. He also ran in the Democratic primary but withdrew after spending close to $200 million without validating any delegates’ votes.

7. Bruce Rauner-$400 Million

Top 10 Richest Politicians In America

Bruce Rauner, a former governor of Illinois, is not a billionaire, but he is extremely closer. According to NBC Chicago, he obtained the position in 2015 and is supported by a fortune that is just around $400 Million in value.

Before his election, Rauner was head of GTCR, a Chicago-based private equity business. He has experience working in finance and handling money. In order to invest in smaller, regional businesses, he also started his own business, which is now known as R8 Capital Partners. He received an economics education at Dartmouth before earning an MBA at Harvard.

8. Herb kohl-$400 Million

wealthiest Politicians In America

Herb Kohl, a politician, and businessman from the United States is among the richest politicians in the country with a net worth of $400 million. He is the owner of the NBA team the Milwaukee Bucks and the current chairman of the Senate Special Committee on Aging. He has served four different terms as a senator from Wisconsin.

Herbert H. Kohl, who was born on February 7, 1935, in Milwaukee, Wisconsin, accumulated money through his own company, Kohl Investments, which he eventually sold to Goldman Sachs. In addition to owning the NBA team Milwaukee Bucks, Kohl is a Democrat and a former senator from Wisconsin.

He began his career as an investor in real estate and the stock market after receiving a BA from the University of Wisconsin in 1956 and an MBA from Harvard Business School in 1958. Kohl soon established Kohl Investments. Meanwhile, he and his brother inherited a family-run chain of 50 grocery stores as well as a number of pharmacies, department stores, and liquor stores. In the company, Kohl was in charge of the majority of the duties. He led Kohl’s as CEO from 1970 until the company was sold in 1979. Kohl also assumed the position of Wisconsin Democratic Party Chair from 1975 to 1977 at the same time. He had been a senator since 1988 and was re-elected in 1994 and 2000.

9. Jon S. Corzine-$350 Million

Top 10 Richest Politicians In America

In order to gain a Senate seat a few years ago, the limousine liberal spent $60 million, which fueled the political aspirations of other civic-minded wealthy cats. Corzine joined Goldman Sachs in 1975 as a bond trader after receiving his MBA from the University of Chicago. He eventually rose to the position of chairman and CEO. After supervising its IPO, he departed the investment company in 1999. He now spends his days criticizing the high salaries of corporations. With a net worth of $350 Million, he is one of the richest politicians in America.

10. John Kerry-$250 million

John Forbes Kerry was born in Aurora, Colorado, on December 11, 1943. He is the second of Richard John Kerry and Rosemary Forbes’ four children. Throughout his father’s Army Air Corps service and until his release, the family relocated frequently. Kerry lived in Millis, Massachusetts, and Groton, Massachusetts before relocating to Washington, D.C., at the age of seven, when his father accepted a position in the Department of the Navy’s Office of General Counsel and changed careers to become a diplomat in the State Department’s Bureau of United Nations Affairs.

John Kerry is a politician and diplomat from the United States with a $250 million estimated net worth according to celebrity net worth. He is famous for serving as the 68th Secretary of State of the United States and as a senator. John Kerry, a veteran of the Vietnam War, joined “Vietnam Veterans Against the War” and spoke out strongly against the conflict following his return home.

Summary

Here is a summary list of the Top 10 Richest Politicians In America and their net worth

1. Michael Bloomberg-$76.8 billion
2. B. Thomas Golisano-$5.1 billion
3. Donald Trump-$3.2 billion
4. Bill Haslam-$2.4 billion
5. Gov. Jim Justice-$1.6 billion
6. Tom Steyer-$1.5 billion
7. Bruce Rauner-$400 Million
8. Herb kohl-$400 Million
9. Jon S. Corzine-$350 Million
10. John Kerry-$250 million