Ever wondered who America’s ultra-wealthy officials are? Sure, while the history of America’s party politics is but a narration of the elite’s monopoly of power, it is safe to say that Donald Trump’s rise to the White House has signaled the beginning of a more competitive political race between the richest of the rich.
From senators and house members to governors and presidents, it cannot be denied that the US government has been running under the command of the top 1% for a long time. And now, as the world economy continues to crumble and the elites compete for the top of the throne, a sudden and more apparent swell in politicians coming from wealthy backgrounds has been dominating the electoral scene.
Here, we have compiled a list of the 10 wealthiest American politicians that are currently competing within the bureaucratic landscape. Continue reading to learn about the wealthy people that are potentially making your laws.
10. Jim Justice, II
Net worth: $1.5 billion
As you might have already learned, prior to becoming the 36th governor of West Virginia in 2016, Jim Justice, II has already made a name for himself as a coal mining and agriculture business magnate.Similar to all other wealthy politicians, Jim Justice’s financial success can be attributed to his family’s wealth.
In the mid-70s, he began working for his father’s coal mining company, called Bluestone Industries, and later established his own grain farming business. Years later, he took over the family’s main business and became the CEO of Bluestone after his father passed away.
To date, Justice is considered to be the richest man in West Virginia, with a whopping net worth of $1.5 billion.
9. Thomas Steyer
Net worth: $1.6 billion
A billionaire, environmental activist, and former Presidential candidate, Thomas Steyer is one of the richest political figures in America today. Born in New York, he spent 26 years running the hedge fund Farallon Capital and soon shifted his focus towards politics and environmental activism.
Despite being a newbie in the political scene, Steyer managed to gain viewers and made it into the headlines by leading an effort to impeach President Donald Trump, even spending millions of dollars on TV ads and online networks. On February 29th, he decided to end his presidential bid, saying he couldn’t see a path where he could win at the race.
His net worth is reported to be $1.6 billion.
8. Mark Dayton
Net worth: $1.6 billion
Known to be his state’s first Democratic governor in two decades, Mark Dayton comes as one of the wealthiest politicians in America today. Graduating at the prestigious Yale University as Cum Laude, he soon decided to enter politics and became the Democratic governor of Minnesota from 2011 to 2019.
Aside from his political career, his wealth also stems from his family’s history, which mainly stems back to his great-grandfather George Dayton, founder of the US giant retailer Target Corporation.
To date, the affluent politician is said to have a massive $1.6 billion in net worth.
7. Bill Haslam
Net worth: $1.8 billion
Recognized to be the 49th Governor of Tennessee from 2011 to 2019, Bill Haslam’s 1.8 billion net worth makes him one of America’s biggest figures in today’s political landscape.
Before being appointed as a government official, Haslam has led his family’s chain of truck stops, Pilot Flying J, which now serves as the largest operator of travel centers and travel plazas in North America.
To date, his net worth is reported to be valued at $1.8 billion.
6. John Catsimatidis
Net worth: $2.7 billion
A Greek-born billionaire entrepreneur, John Catsimatidis is one of the ultra-rich figures that make up the wealthy American politicians list. Known to be a loyal and long-time Clinton donor, Catsimatidis has made major contributions to a variety of both Republican and Democratic campaigns.
His staggering wealth, which is around $2.7 billion, can be attributed to his diverse set of businesses, including the NY-based supermarket chain Gristedes, the oil refinery United Refining in Pennsylvania, and others.
5. Donald Trump
Net worth: $3.1 billion
As you might have guessed, current US President Donald Trump is one of the richest American politicians. In fact, even before his entry into politics, the name Donald Trump has already been associated with affluence and power. Much of his current wealth has been attributed to the inheritance left to him by his father, Fred Trump, who founded a real estate empire in New York City.
To date, Trump’s business owns and develops lodging and golf courses across different parts of the world. With his 2017 presidential victory, Trump now stands as the first billionaire president of the United States.
His net worth is reported to be a staggering $3.1 billion.
4. J.B. Pritzker
Net worth: $3.4 billion
Coming up on number four on our list is none other than the 43rd Governor of Illinois, J.B. Pritzker. Taking pride in his $3.4 billion net worth, this American businessman, philanthropist, and politician is an heir to the Hyatt Hotel fortune.
Prior to his victory as the Governor of Illinois in November 2018, Pritzker ran the private equity firm Pritzker Group with his brother Anthony.
To date, the Democratic politician maintains his position as one of the ultra-rich political figures in America today.
3. Meg Whitman
Net worth: $3.7 billion
Serving as the only woman who made it into our list, Meg Whitman is no ordinary philanthropist. Most recognized to be the former CEO of the e-commerce giant eBay, Whitman takes pride in her long and impressive list of chief executive experience. In fact, aside from eBay, she had also served to be the CEO of Hewlett-Packard and Quibi.
In 2010, the tech business leader veteran decided to make her way into politics and ran for California governor. According to reports, Whitman had spent nearly $150 million of her own money in the campaign.
To date, the business mogul carries a staggering net worth of $3.7 billion.
2. Jeff Greene
Net worth: $3.9 billion
Of course, who could forget about Jeff Greene? Another Palm Beach businessman, Greene created his fortune by investing in real estate even while studying at Harvard BusinessSchool. At the time of his graduation he had already secured 18 properties.
In 2010, Greene made his first attempt in politics by running as a Democrat for the United States Senate seat. This was followed in 2018 where he targeted the Democratic primary for governor, spending even a total of over $30 million for his campaign.
To date, he remains to be one of the richest politicians in America, with an overwhelming net worth of $3.9 billion.
1. Michael Bloomberg
Net Worth: $56.1 billion
Surprised? Probably not. After all, it has long been a common knowledge that Michael Bloomberg manages a massive fortune. After serving as the mayor of New York City from more than a decade, and a candidate in the 2020 Democratic presidential primaries, Bloomberg has long established himself to be an icon of the affluent.
After graduating from Harvard, he spent 15 years working at Wall Street firm Salomon Brothers. Soon, after securing a $10 million severance package, he later co-founded the financial information and media company Bloomberg LP.
To date, the businessman-politician is reported to have a net worth of $56.1 billion, making him the top one among the ultra-rich politicians in the US.
Did your jaw drop while going through our list? Which among these politicians are you most familiar to?
As the battle for supremacy among the elite continues to intensify, you can expect that the number of wealthy government officials will continue to grow the following years.
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