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How rich is South Dakota senator John Thune; John Thune’s net worth revealed

Bogdan Stojkov

As a prominent figure in American politics and a US Senator representing South Dakota since 2005, John Thune’s net worth is a topic of public interest. In the following piece, we’ll go through his wealth, assets, and investments, as well as all other relevant financial information concerning this influential member of the Republican Party.

Who is John Thune?

John Thune was born on January 7, 1961, in Pierre, South Dakota. He grew up in Murdo, South Dakota, and earned his bachelor’s degree in Business from Biola University and his MBA from the University of South Dakota. He began his political career as a legislative assistant for US Senator James Abdnor. After working in various roles, including executive director of the South Dakota Republican Party, Thune won a seat in the US House of Representatives in 1996 where he served three terms before being elected to the Senate in 2004.

John Thune as a Republican

Throughout his career, Thune has been known for his conservative stance on various issues, including fiscal policy and national security. As a prominent Republican, he has held significant positions, such as the Chairman of the Senate Republican Conference and the Senate Majority Whip.

John Thune’s net worth

According to Know Net Worth and Idol Networth, John Thune’s net worth is estimated to be around $5 million. This figure places him among the wealthier members of Congress, yet not as well off as some of his colleagues.

How did John Thune make his money?

John Thune’s wealth primarily comes from his salary as a US Senator and his investments over the years. As of now, the annual salary for a US Senator is $174,000. In addition to his Senate income, Thune has benefited from various allowances and benefits associated with his role, including travel and office expenses.

Thune has also made significant income through investments in real estate and mutual funds. Over the years, he has built a diverse portfolio that has contributed to his overall net worth. Additionally, Thune’s wife, Kimberley Thune, has worked as an investment manager, further adding to their family’s financial position.

John Thune’s assets and investments

According to OpenSecrets, John Thune’s financial holdings range from mutual funds and real estate to corporate securities and bank deposits. Here’s a brief overview of the top 5:

Organization Industry Minimum value Maximum value
Janus Balanced T Mutual fund $50,001 $100,000
American Funds American Balanced Fund Mutual fund $50,001 $100,000
Steadfast Income REIT / $15,001 $50,000
Congressional Federal Credit Union Credit unions $15,001 $50,000
Schwab (Reno, NV) Cash/Money market/Savings/Checking $3,003 $45,000
Table 1: John Thune’s top 5 assets. Source: opensecrets.com

Thune owns several properties, including a family home in Sioux Falls, South Dakota.

Insider trading involvement

John Thune’s financial dealings have remained relatively clean compared to some other members of Congress. From what we were able to gather, there have been no major scandals or accusations of insider trading involving him.

Insider trading involves buying or selling a publicly-traded company’s stock based on non-public, material information about the company. This practice is illegal because it gives an unfair advantage to those with privileged information, undermining market integrity and investor trust.

How much is John Thune worth?

John Thune’s net worth of about $5 million is the result of a combination of his long-standing political career, investments, and real estate holdings. While his primary income comes from his salary as a US Senator, his assets and investments have played a significant role in building his wealth. Still, Thune is a long way from some of his Congress peers, with more than just a few million dollars to their names.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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