American politician and Congressman
#34 in Politics today
Matt Gaetz has a net worth of $50 million USD. He is a business partner in many local companies in his constituency and also makes millions through lobbying and stock markets. Gaetz earns $212,000 salary annually as a Congressman.
Just like Tucker Carlson, Gaetz was born into a very wealthy family and he has inherited $18 million from his ancestors. By the time he was 18, Gaetz already had $5 million in his trust fund, according to Forbes.
Bank Balance
According to documents disclosed on Reddit, Matt Gaetz is linked with three bank accounts connected to his social security number. He has a personal account with SunTrust Bank, with an approximate balance of $1.8 Million.
In addition, he has a checking account at Wells Fargo, designated for business profits, undisclosed donations, and gifts, with an impressive balance of $5.70 million.
Lobbying Income
Several plastic and rubber manufacturers in Florida regularly face legal challenges from environmental departments. During such predicaments, they turn to Matt Gaetz for help.
Gaetz subsequently resolves these challenges by engaging with and coordinating efforts with local government representatives. For this assistance, Matt Gaetz is handsomely rewarded both directly and indirectly.
For instance, Matt Gaetz assisted a boat manufacturing company in Miami by fast-tracking their government approval procedure. In appreciation, the company indirectly channeled over $900,000 into Matt Gaetz’s campaign coffer.
Moreover, Gaetz has stakes in a yacht manufacturing enterprise and an aluminum production company, earning him annual profits of more than $3 million.
Matt Gaetz Net Worth 2024 (Forbes)
Net Worth | $50 Million |
Annual Income | $11 Million |
Salary | $174,000 |
Inheritance | $18 Million |
Anonymous Gifts | $4.5 Million |
Stock Portfolio | $10 Million |
Assets & Investments
Matt Gaetz owns over 12 real estate properties, under both his own name and those of his family. The cumulative value of these holdings is estimated to be over $7.5 million. From these properties alone, Gaetz annually rakes in rental income close to $1 Million.
Gaetz’s portfolio includes investments worth $10 million in stocks and government bonds. This was considered while computing his net worth.
He has financial stakes in Apple, Microsoft, ExxonMobil, Google, Amazon, Universal Studios, and Bank of America. It is noteworthy that these assets might not be directly registered under his name.
House
Matt Gaetz owns a mansion situated in Fort Walton Beach, Florida, on the Gulf Coast. Acquiring the property in 2018 for $3.5 million, this 7,000-square-foot residence boasts six bedrooms and seven bathrooms.