North Carolina Senator Thom Tillis wealth unveiled Discover Thom Tillis net worth
Thom Tillis, a prominent political figure and the junior United States Senator from North Carolina, has garnered attention for his net worth. As a significant player in state and national politics, many are curious about his financial status.
Thom Tillis was born in 1960 in Jacksonville, Florida. He is a member of the Republican Party and has held the position of US Senator since January 3, 2015. Prior to his Senate tenure, Tillis served as the Speaker of the North Carolina House of Representatives. He established his political career after a successful stint in the private sector, where he worked for notable companies such as PricewaterhouseCoopers and IBM. Tillis is known for his conservative stance on various issues and has played a crucial role in shaping legislation and policy at both the state and national level.
In 2018, OpenSecrets estimated Thom Tillis’ net worth to be $10,966,045. However, based on our research and his financial disclosure report for 2022, Senator Tillis’ net worth is significantly lower, ranging from $1,812,020 to $7,475,998.
It’s important to note that estimating a lawmaker’s net worth is challenging due to the nature of disclosure forms. Instead of exact values, lawmakers report the value of their assets and liabilities within specified ranges. There are also certain assets that are often not reported, such as personal residences, personal property, and federal retirement accounts. Additionally, large assets can be listed in broad categories, potentially worth much more than indicated. Furthermore, the annual salary of most Members of Congress is $174,000, but this isn’t required to be disclosed.
Thom Tillis’ financial success can be attributed to his career in the private sector and his political career. Before entering politics, he held consultant and senior executive positions at major corporations like PricewaterhouseCoopers and IBM, which provided him with substantial compensation and helped him build a solid financial foundation. Additionally, his role as a US Senator, with an annual salary of $174,000, has further contributed to his wealth. Senator Tillis has also made strategic investments over the years, which have bolstered his net worth.
Based on Senator Tillis’ financial disclosure report for 2022, his total assets range in value from $2,312,020 to $7,676,000. His portfolio is well diversified and includes over 50 different assets. Some of his most valuable assets include a house in Huntersville, NC, worth between $1,000,001 and $5 million, a residence in Washington, DC, worth between $500,001 and $1 million, a residence in Nashville, TN, worth between $250,001 and $500,000, IBM corporate securities stock worth between $100,001 and $250,000, and Vanguard Total Stock Market Index mutual fund worth between $100,001 and $250,000.
While there haven’t been any reports of Thom Tillis being involved in insider trading, he did call for an investigation by the House Ethics Committee into Rep. Madison Cawthorn (R-N.C.) regarding allegations of federal insider trading laws violation.
In summary, Thom Tillis’ net worth is estimated to be between $1,812,020 and $7,475,998, according to his financial disclosure report for 2022. Regardless of the specific amount, it’s evident that Senator Tillis is in a solid financial situation. With a net worth in the seven-figure range, he is wealthier than the average American.