Revealed Net worth of John Barrasso the surgeon senator from Wyoming
John Barrasso, an American politician and member of the Republican Party, has served as the senior U.S. Senator from Wyoming since 2007. Prior to his political career, Barrasso worked as an orthopedic surgeon and attended Georgetown University, where he earned his B.S. degree in biology and his M.D. in 1978. He completed his residency at Yale Medical School before moving to Wyoming to join a private orthopedic practice in Casper. Barrasso eventually became the chief of staff at Wyoming Medical Center and practiced privately from 1983 to 2007.
In 1996, Barrasso made his first foray into politics by running for the U.S. Senate. He was elected to the Wyoming Senate in 2002 and reelected in 2006. When Senator Craig Thomas passed away in office, Barrasso took his place in 2007 and has held the position ever since.
Aside from his medical practice and salary as a politician, Barrasso has a significant investment portfolio that contributes to his net worth. According to OpenSecrets’ 2018 analysis, his net worth was estimated to be $8.34 million. Although the exact figures of his current wealth are not available, his 2023 financial disclosure form suggests that his assets range between $3.48 million and $16.88 million.
It is important to note that estimating a lawmaker’s net worth is challenging due to disclosure rules, which do not require exact values. Instead, lawmakers report the value of their assets and liabilities within specified ranges. Certain assets like personal residences, personal property, and federal retirement accounts are often not reported. Large assets can also be listed in broad categories, potentially worth much more. Additionally, lawmakers are not required to disclose their annual salary of $174,000.
Barrasso’s wealth primarily stems from his successful medical practice and political career. Additionally, his investments in mutual funds, individual stocks, and savings significantly contribute to his net worth. His mutual funds investments, including Vanguard Total Stock Mkt Idx Adm (VTSAX), Vanguard Total Bond Market Index Fund (VBTLX), and Vanguard Wellington Admiral (VWENX), are valued between $1 million and $5 million each. He also holds $500K to $1 million worth of shares in Berkshire Hathaway.
While Barrasso has not publicly expressed his stance on barring senators and representatives from holding individual stocks, it is notable that he has a significant stake in Berkshire Hathaway. He has been associated with oil and fossil fuel companies and has advocated for them, despite denying the scientific consensus on climate change. Barrasso has received donations from big oil players for his campaigns and ranks 10th on the list of largest big oil donation receivers in U.S. politics, according to OpenSecrets.
As per the Stop Trading on Congressional Knowledge (STOCK) Act, Barrasso’s assets are monitored for any insider information used for personal gain, including insider trading.
Born on July 21, 1952, in Reading, Pennsylvania, Barrasso is a third-generation Italian-American. He earned his M.D. from Georgetown University School of Medicine and worked as an orthopedic surgeon in Casper, Wyoming, before entering politics. He served in the Wyoming State Senate from 2003 to 2007 and was appointed to the U.S. Senate in 2007. Barrasso has been reelected since then, and his current term will last until 2025.
As a Republican, Barrasso is known for his conservative views, support for energy development, and focus on traditional producers. He has also been involved in healthcare reform and fiscal responsibility, aligning with the interests of his home state, Wyoming.
In conclusion, John Barrasso’s net worth is estimated to be between $3.48 million and $16.88 million, making him one of the wealthier representatives in U.S. politics.