What is Mitch McConnell’s net worth? Let’s dive deep into the salaries and assets of the Republican minority Speaker in the Senate.
Mitch McConnell is arguably the most experienced politician in the United States. With almost four decades as a public official, and also thanks to intelligent investments, Mitch McConnell (and his wife Elaine Chao) amassed quite a significant net worth.
In the current legislature, Mitch McConnell occupies the position of Minority Speaker in the Senate. He represents the Republican Party, which lost the 2022 Midterm elections in the Senate, while slightly winning in the House of Representatives.
Mitch McConnell occupied the Republican caucus in the Senate since 2007, either as a minority or majority leader. In 2020, he won the re-election with 57.8% of the votes.
Unfortunately, Mitch McConnell’s age and health issues might prevent him from running again in 2026. His condition deteriorated rapidly in recent months, so much so that he froze while giving a public address and was forced to be escorted away. It remains unclear whether McConnell will seek re-election for the next term.
leggi anche
Who is Benjamin Netanyahu? Political orientation and net worth of Israel’s prime minister
Mitch McConnell’s career and net worth
McConnell was born in 1942 and graduated from the University of Louisville College of Arts and Sciences and the University of Kentucky College. Before entering the US Senate in 1984, McConnell served as judge-executive of Jefferson County, Kentucky.
His highest accomplishment in early life was probably his marriage. McConnell’s wife Elaine Chao, an immigrant turned multi-millionaire, is also a skilled and accomplished politician. She contributed massively to Mitch’s political career, donating $1.1 million to campaigns and action committees between 1989 and 2018.
According to Mitch McConnell himself, he doesn’t own individual assets worth more than $10,000. However, estimates put his combined securities and investments at $75,000.
Indeed, the vast majority of his net worth comes from his salary as Senate party leader. As the minority caucus, his earnings amount to $193,400 per year.
Overall, the combined net worth of Mitch McConnell and Elaine Chao is estimated at $35 million. However, a precise assessment is impossible because US officials are required to reveal their net worth only within an arbitrary amount. They can, for example, say they’re worth between $1 and $1 million.
According to their tax disclosures, McConnell and Chao’s fund (which manages the family wealth) is worth between $5 and $25. To that, McConnell can add his personal assets, worth between $1.01 million and $2.17 million. Chao’s assets, on the other hand, are worth between $7,41 million and $27 million.
