Bogdan Stojkov
As a member of Congress and a representative of Maine, Susan Collins’ net worth is an interesting subject for many people. Luckily for them, in this piece, we dive into her finances, from assets and investments to any controversies like insider trading.
Who is Susan Collins?
Susan Collins has represented Maine in the US Senate since 1997. Born on December 7, 1952, in Caribou, Maine, she comes from a family with a long history in public service. After earning a degree in government from St. Lawrence University in 1975, Collins began her career working for Senator William Cohen and later held several positions in state government. Her political career took off when she won her Senate seat, becoming one of the most prominent moderate Republicans in Congress.
Susan Collins’ net worth
Susan Collins’ net worth has been a topic of interest for many, particularly given her long tenure in the Senate. As of 2024, her net worth is estimated to be around $8 million, according to Wealthy Persons. The seven-figure number sure does make her a millionaire; however, she’s nowhere near the richest person representing the US citizens in Congress.
How did Susan Collins make her money?
Susan Collins primarily earns her money through her salary as a US Senator. Senators receive a base annual salary of $174,000, which has been the standard for several years. Nevertheless, her income also comes from investments and real estate holdings, as well as a few books that she’s written.
Susan Collins’ assets and investments
From what we were able to gather, it appears that the top industries she invested in are pharmaceuticals and health products ($248,000) and electronics manufacturing & equipment ($237,500), according to OpenSecrets.
That said, here’s a rundown of Susan Collins’ assets and investments:
- Top assets: TD Bank (TSE: TD) savings ($750,000) and an IRA ($307,003);
- Stocks: She reported household assets of at least $1.2 million worth of corporate stock in companies including Apple (NASDAQ: AAPL), UnitedHealth Group (NYSE: UNH), and Union Pacific Railroad (NYSE: UNP). All stock assets in Collins’ report were attributed to her spouse, Thomas Daffron;
- Real estate: She owns at least four properties in Washington D.C., Maine, upstate New York, and Florida, estimated to be worth around $1.5 million collectively.
Insider trading involvement
Insider trading involves buying or selling stocks or other securities based on non-public, material information about the company.
Insider trading has become a significant issue in recent years, with several members of Congress under scrutiny. Susan Collins has, however, managed to steer clear of any major controversies related to insider trading. Her financial disclosures and transactions have remained transparent, and there is no public record of her engaging in any illegal trading activities.
How much is Susan Collins worth?
Susan Collins’ net worth of $8 million makes her a quite wealthy individual, compared to the average American. In fact, she’s a millionaire with a seven-figure number next to her name. Still, as strange as it might seem, Collins is nowhere near some of her Senate colleagues who have larger net worth numbers associated with them. For example, Mitch McConnell, Mitt Romney, and Elizabeth Warren.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
