Bogdan Stojkov
In this article, we explore Michigan Senator Debbie Stabenow’s net worth and financial background. From her assets and investments to all other relevant information, we’ll check out just how much wealth she accumulated over the years.
Who is Debbie Stabenow?
Debbie Stabenow has represented Michigan in the US Senate since 2001. She began her political career in the Michigan House of Representatives before serving in the Michigan Senate and the US House of Representatives.
Debbie Stabenow’s main focus
Debbie Stabenow’s net worth
As of the last available report on OpenSecrets, Michigan Senator Debbie Stabenow’s net worth is $32.500 million. It’s safe to say that her financial standing is relatively modest for a long-serving senator. Either way, let’s see how she made her money.
How did Debbie Stabenow make her money?
From what we were able to gather, Debbie Stabenow made her money through a long and distinguished career in public service. Here’s a brief overview of her career:
- She served on the Ingham County Board of Commissioners from 1975 to 1978;
- She was a member of the Michigan House of Representatives from 1979 to 1990;
- She served in the Michigan State Senate from 1991 to 1994;
- She represented Michigan’s 8th congressional district in the US House of Representatives from 1997 to 2001;
- Since 2001, she has been serving as the United States Senator from Michigan, where she earns a $174,000 annual salary.
It’s worth noting that her net worth is among the lower tier in Congress. According to the Market Realist report we mentioned earlier, her 2021 financial disclosure filed with the SEC shows she had an earned income of $88,066, assets valued up to $250,000, and liabilities of up to $1.25 million.
Debbie Stabenow’s assets and investments
Debbie Stabenow’s assets and investments are relatively modest compared to some of her colleagues in the United States Senate. With this in mind, here’s a rundown based on the available information:
- Lake Trust Credit Union Checking Account: This is one of her known assets. According to Incomepedia, it had a minimum value of $15,001 in 2018. It was also reported that this was her only source of income apart from her salary as a senator;
- Stocks: CAknowledge reports that Stabenow holds stocks with companies like Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Amazon (NASDAQ: AMZN). However, the exact value of these investments is not publicly available.
Debbie Stabenow on insider trading
Senator Debbie Stabenow has not been involved in any insider trading controversy. In fact, she has been a proponent of legislation to prevent such activities. She co-sponsored bills to ban Members of Congress from buying and selling stocks while in office.
In 2011, she announced plans to introduce the STOCK Act, which prohibits Members of Congress from engaging in insider trading and increases transparency. The legislation redefines insider trading to include knowledge gained from Congressional work and service.
How much is Debbie Stabenow worth?
With Debbie Stabenow’s net worth of just $32,500, she is considered to be among the less wealthy US politicians. Nevertheless, that’s not why she’s popular when it comes to Senators and personal finances. Alongside her Senate peer Kirsten Gillibrand, Stabenow was instrumental in establishing the STOCK Act, prohibiting their colleagues from any insider trading activities.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
