Bogdan Stojkov
Although among the younger US Senators, Markwayne Mullin’s net worth makes him one of the richest American politicians. In this piece, we’ll explore his personal wealth, going through his assets and investments, as well as all other relevant information.
Who is Markwayne Mullin?
Markwayne Mullin is a major figure in Oklahoma politics, serving as the state senator. He has built a reputation as a businessman and politician with strong ties to his community. Namely, before entering politics, Mullin was well-known for his work in the business sector, particularly in the plumbing and construction industries.
Before his election to the Senate, Mullin served as the U.S. Representative for Oklahoma’s 2nd Congressional District from 2013 to 2023. He is a vocal advocate for conservative policies and business-friendly legislation.
Markwayne Mullin’s net worth
Based on Markwayne Mullin’s 2022 financial disclosure report, we estimate his net worth to be somewhere between $20,748,073 and $99,453,999. This estimate makes Mullin one of the richest US Senators, with only a few coming in front of him.
Disclaimer: Estimating a lawmaker’s net worth is challenging because disclosure forms do not mandate exact values. Instead, lawmakers report the value of their assets and liabilities within specified ranges. While we strive to accurately estimate net worth from filings, disclosure rules have shortcomings. Personal residences, certain personal property, and federal retirement accounts are often not reported. Large assets can be listed in broad categories like “Over $1 million” or “Over $50 million,” potentially worth much more. Additionally, most Members of Congress earn $174,000 annually, but this isn’t required to be disclosed.
How did Markwayne Mullin make his money?
Here’s a breakdown of how he accumulated his wealth:
- Business ventures: Mullin Plumbing, a family business that he took over and expanded, is a significant source of his income. The company provides plumbing services and has grown under his leadership;
- Real estate investments: Mullin has invested in various real estate properties, contributing to his overall wealth;
- Political salary: As a US senator, Mullin earns an annual salary of $174,000;
- Consulting and speaking engagements: Mullin also earns money through consulting work and speaking engagements, leveraging his experience in business and politics.
Markwayne Mullin’s assets
According to Senator Mullin’s 2022 financial disclosure report, his 107 assets total between $25,748,073 and $100,454,000. He also has just one reported liability, ranging from $1,000,001 and $5 million.
That said, out of his whopping 107 assets, the most valuable ones are:
- Northwestern Mutual FDIC Insured mutual fund, valued between $1,000,001 and $5 million;
- Vanguard Intl Equity Index FDS FTSE mutual fund, valued between $1,000,001 and $5 million;
- Northwestern Mutual life insurance, valued between $1,000,001 and $5 million;
- Residential property in Englewood, FL, valued between $1,000,001 and $5 million;
- The Christie Renee Mullin life insurance, valued between $1,000,001 and $5 million.
Was Markwayne Mullin ever involved in insider trading?
Insider trading involves buying or selling a publicly traded company’s stock based on material, non-public information about the company. This practice is illegal as it gives an unfair advantage to those with privileged information, undermining market integrity and investor trust.
Markwayne Mullin is pretty active in stock trading. Notably, he purchased $30,000 worth of Badger Meters (NYSE: BMI) stock on February 7, 2024. Since then, the stock has risen by an impressive 26.55%. Additionally, Mullin disclosed purchasing up to $50,000 of Raytheon (NYSE: RTX) stock on September 13.
How much is Markwayne Mullin worth?
Markwayne Mullin’s net worth is pretty impressive, ranging from $20,748,073 to $99,453,999. He’s also one of the most active Senators in stock trading, with various controversial purchases over the last few years. Still, Mullin is not at the very top of the Senate in terms of net worth, where his Republican colleagues Rick Scott and Mitt Romney reign supreme.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
