Maine Senator Angus Kings Wealth Unveiled A Glimpse into Angus Kings Net Worth

Angus King, the current Maine representative in the Senate, has had an impressive career in both politics and business. In this article, we will delve into Angus King’s net worth, assets, and investments to uncover the sources of his substantial wealth.

Angus King, born in 1944, has been a prominent figure in American politics for many years. As an independent, he has served as a US Senator for Maine since 2013. Prior to his tenure in the Senate, he held the position of the 72nd Governor of Maine from 1995 to 2003. King is known for his pragmatic approach, often finding common ground between Democrats and Republicans and advocating for bipartisan solutions to national issues.

Before entering politics, King earned a law degree from the University of Virginia School of Law and worked as an attorney. His background in law has undoubtedly influenced his career in politics.

According to OpenSecrets, Angus King’s estimated net worth for 2018 was $9,494,061, ranking him 16th in the Senate in terms of net worth. However, based on his financial disclosure report for 2022, our estimates suggest that his current net worth falls between $4,293,084 and $13,119,999.

It is important to note that estimating a lawmaker’s net worth can be challenging due to the nature of disclosure forms. Instead of providing exact values, lawmakers report the value of their assets and liabilities within specified ranges. There are also certain assets, such as personal residences and federal retirement accounts, that are often not reported. Large assets can be listed in broad categories, potentially worth much more than the stated range. Additionally, lawmakers are not required to disclose their annual salary, which for most Members of Congress is $174,000.

Angus King’s income is not solely derived from his salary as a US Senator. Before entering the Senate, he earned a gubernatorial salary as the Governor of Maine, which was considerably less than his current earnings. However, his financial success extends beyond his political roles. King co-founded Northeast Energy Management, Inc., a company focused on energy conservation projects, before entering politics. He later sold the company, generating substantial profits that contributed to his wealth accumulation.

In terms of assets and investments, according to Angus King’s financial disclosure report for 2022, his assets range from $4,393,084 to $13,170,000. His top asset is a real estate property on Potter St., Brunswick, valued between $500,001 and $1,000,000.

Angus King has maintained a clean record when it comes to insider trading allegations. He has shown a commitment to adhering to the strict ethical guidelines that govern financial transactions for public officials, with no reported instances of engaging in insider trading or related controversies.

Angus King has expressed his view on the controversy surrounding the Republican attempts to block raising the federal debt limit. He characterized these attempts as reckless and driven by political motives for the 2022 election. He has shown a willingness to modify filibuster rules to ensure the passage of current and future debt limit increases with 50 votes.

With a net worth ranging from $4,293,084 to $13,119,999, Angus King’s wealth is a result of his successful political career, business ventures, and astute investments. While he ranks above many of his Senate peers in terms of net worth, he still falls behind some of the wealthiest Senators, such as Mitt Romney, Rick Scott, and Mark Warner.

It is crucial to note that the content on this site should not be considered investment advice, as investing is speculative and carries risk to your capital.