Bogdan Stojkov
Although not the richest US Senator, Rand Paul’s net worth is definitely one to watch out for. In this piece, we’ll pick apart his finances to get to the bottom of how rich he is and whether he was ever part of any controversy, such as insider trading.
Who is Rand Paul?
Rand Paul is a physician-turned-politician representing Kentucky in the U.S. Senate for the past 13 years. He gained national attention during his 2016 presidential campaign as a Republican candidate. Despite a rocky relationship with President Donald Trump during the primaries, Paul now enjoys the former president’s endorsement.
Rand Paul’s net worth
As of recent estimates, Rand Paul’s net worth stands at approximately $1.5 million, according to Celebrity Net Worth. This figure places him among the less wealthy members of the Senate, where the average net worth tends to be significantly higher.
How did Rand Paul make his money?
Just like many other US Senators, Rand Paul has diverse income sources, such as:
- Senatorial salary: As a US Senator, he receives an annual salary of $174,000;
- Investments: Paul has been active in stock trading, although specific details about his returns are not widely publicized.
Paul’s assets and investments
Just like his income sources, Paul’s portfolio of assets and investments is also diverse. His financial holdings range from stock holdings and mutual funds to real estate and business entities. He also has significant investments in inflation-protected securities funds and money market funds. That said, here’s a rundown of these assets and investments:
- Stock holdings: Senator Paul’s wife, Kelley Paul, purchased up to $15,000 worth of shares in Gilead Sciences (NASDAQ: GILD), a research-focused biopharmaceutical company. This was the only individual stock reported in his financial disclosure;
- Mutual funds: According to Incomepedia, Paul owns assets valued between $461,032 and $1,490,000, which includes mutual funds providing income between $3,610 and $15,000;
- Real estate: Incomepedia also reports that he earns between $5,001 and $16,200 from real estate and up to $105 from business entities;
- Inflation-Protected Securities funds: Paul’s biggest investment holdings are in Vanguard’s Inflation-Protected Securities funds, in which he has two separate investments (one in a joint account) worth $100,000 to $250,000 each;
- Money market funds: Money.com also reports that Paul’s next biggest holding is $50,000 to $100,000 in a Vanguard money market fund. He and his family hold a half dozen money-market accounts;
- Gold investments: According to his most recent disclosure report, Rand Paul has invested between $1,001 and $15,000 in American Century’s Global Gold fund.
Insider trading involvement
Rand Paul’s active involvement in stock trading has not been without controversy. Allegations and investigations into insider trading among US lawmakers have put Paul under scrutiny. A former Southern District of New York federal prosecutor called for Rand Paul to be investigated for insider trading. However, it is important to note that while there have been accusations, no conclusive evidence has led to legal action against him.
How much is Rand Paul worth?
All in all, Rand Paul’s net worth of $1.5 million is more than a hefty sum. But despite being one of the more active senators in stock trading, his wealth is moderate compared to many of his peers in the Senate. Still, controversies regarding insider trading and his wife’s investment in Gilead Sciences affect the Kentucky Senator’s public profile.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
