Minority Leader of the United States Senate
#10 in Politics today
Mitch McConnell Net Worth is $110 million as of 2024. McConnell earns a $212,000 salary annually. He has become one of the richest politicians with such ridiculous net worth, thanks to the help from his wife Elaine Chao.
Land
Mitch McConnellโs real estate holdings, valued at over $43 million, include approximately 600 acres of land across the USA:
- 300 acres of agricultural land in Kentucky.
- 150 acres of property near Nashville, Tennessee.
- 100 acres of land in Maui, Hawaii.
- 50 acres of wooded land in the Adirondacks, New York.
Source of McConnell’s Wealth
In recent years, Mitch McConnell has gained a lot of influence over Wall Street, wealthy businesspeople, and government agencies. During the 2008 financial crisis, he was one of the few who made money.
Rich businesses needing government approvals turn to McConnell. He uses his connections to get these approvals quickly. In return, these businesses give him valuable insider information that can be used to make money in the stock market.
For example, a businessman from Ohio, who got McConnell’s help with such approvals, sold his $17 million property to McConnell at a huge discount, for just under $6 million. So now it’s clear why his net worth is so high.
Real Estate Assets
Mitch McConnellโs extensive real estate portfolio, valued at over $43 million, includes more than 30 residential and commercial properties across the USA.
He owns a $10 million historic home in Louisville, Kentucky. McConnell also has a $7 million property in Washington, D.C which was sold to him by another rich businessman.
Additionally, he owns a $6 million commercial office building in Nashville, Tennessee. His portfolio also includes a $5 million residential complex in Atlanta, Georgia, and a $3 million mixed-use development in Charlotte, North Carolina.
Mitch McConnell Net Worth 2024 (Forbes)
Net Worth | $110 Million |
Annual Income | $17 Million |
Salary | $190,000 |
Real Estate Assets | $43 Million |
Stock Portfolio | $15 Million |
Investments in Stock Markets
Mitch McConnell’s net worth contains an enormous stock portfolio, totaling $36 million. He makes millions annually through dividend income on these investments.
- Alphabet Inc. (GOOGL) – $5 million
- Tesla Inc. (TSLA) – $4.5 million
- NVIDIA Corporation (NVDA) – $4 million
- Adobe Inc. (ADBE) – $3.5 million
- Broadcom Inc. (AVGO) – $3 million
- Meta Platforms Inc. (META) – $2.5 million
- PayPal Holdings Inc. (PYPL) – $2 million
- Starbucks Corporation (SBUX) – $2 million
- Qualcomm Incorporated (QCOM) – $1.5 million
- Applied Materials Inc. (AMAT) – $1.5 million
FAQs
Mitch McConnell earns $17 million annually.
Mitch McConnell's ex-wife is Sherrill Redmon. They were married in 1968 and divorced in 1980.
Mitch McConnell has served as a United States Senator from Kentucky for 38 years now.
Mitch McConnell and his ex-wife Sherrill Redmon have three children together. The names of their three children are Elly McConnell, Claire McConnell, and Porter McConnell.