Mike Johnson(Congressman) Net Worth

Mike Johnson, the Republican congressman representing Louisiana’s 4th congressional district, has an estimated internet value of -$32,501, in response to the Center for Responsive Politics.

This normally implies that his liabilities exceed his belongings.

Johnson’s financial state of affairs in all fairness unusual for a member of Congress. In response to Roll Join with, he’s one among solely 5 members of Congress with a harmful internet value.

The opposite 4 are Garret Graves (R-LA), Cedric Richmond (D-LA), Steve Scalise (R-LA), and Clay Higgins (R-LA).

There are just a few possible explanations for Johnson’s detrimental internet value. A single chance is that he has gathered sizeable college pupil mortgage debt.

Yet one more danger is that he has made investments which have misplaced profit. It’s also attainable that he has merely overspent his money stream.

Johnson’s fiscal situation has been the difficulty of some scrutiny. In 2018, the Louisiana Democratic Bash submitted a grievance with the Federal Election Fee alleging that Johnson had violated advertising marketing campaign finance laws by failing to reveal his cash owed.

The FEC dismissed the grievance, however it did increase queries about Johnson’s economical administration.

Even together with his destructive internet value, Johnson has been outfitted to maintain a profitable political career.

He was preliminary elected to Congress in 2016 and has been re-elected twice on condition that then. He’s at the moment the chair of the Republican Analysis Committee, the best Republican caucus in Congress.

Johnson’s financial state of affairs is a reminder that even members of Congress can battle financially. It’s also a reminder of the worth of economical transparency and accountability.

Listed here’s a much more complete breakdown of Johnson’s belongings and liabilities, in accordance to his 2018 financial disclosure report:

Belongings

Cash and onerous money equivalents: $50,000-$150,000
Retirement accounts: $150,000-$300,000
Different property: $50,000-$150,000
Liabilities

Pupil loans: $265,002-$550,000
Different liabilities: $50,000-$150,000
Entire belongings: $250,000-$600,000
Entire liabilities: $315,002-$700,000

Internet value: -$32,501 to -$100,001