How much is Kelly Loeffler worth? Republican senator's massive fortune makes her richest person in Congress
Many reports revealed that Loeffler and her husband Jeffrey C Sprecher have estimated that Loeffler and her husband are worth at least $800 million
Republican senator Kelly Loeffler is said to be worth millions of dollars and is believed to be the richest person in congress. Loeffler is a businesswoman and politician who has served as the junior United States Senator for Georgia ever since she was appointed in December 2019. She is a staunch Trump supporter and had once said that she does not disagree with anything Trump has said or done, according to Fox.
According to Forbes, many reports revealed that Loeffler, 49, and her 65-year-old husband Jeffrey C Sprecher hold a roughly $500 million stake in a company called Intercontinental Exchange. However, after accounting for a decade of share sales and dividend payments and looking closely at Loeffler's financial disclosure report, Securities and Exchange Commission filings and property records, the publication has estimated that Loeffler and her husband are worth at least $800 million.
This makes Loeffler the richest person on Capitol Hill. Her massive fortune started in 1997 along with her husband who at the time was working at a successful power plant developer and was living in Beverly Hills in California.
He had then negotiated to purchase a struggling Georgia company called Continental Power Exchange and build a platform where traders would easily be able to buy and sell energy commodities online. Loeffler had joined the company in 2002 after she got her MBA at the DePaul University in Chicago. She had built her career at Toyota, Citi and William Blair.
She and Sprecher got married in 2004, despite there being a 15 year age gap between them and the two never had any children together. They are believed to be residing in a 15,000 square foot estate in Atlanta.
According to AJC, her assets also include a Buckhead estate called Descante which is worth up to $12 million and is owned by four separate limited liability companies which she and her husband Jeff Sprecher own.
The pair also own an oceanfront condo in Boca Raton, Florida, a villa at sea island, a private jet and a portion of the Atlanta Dream WNBA team. The majority and bulk of her wealth are listed among hundreds of items that represent millions of dollars in investments and bonds.
When releasing her financial disclosure, she also provided a statement saying that any sort of criticism could only be motivated by envy. She had said, "The Left, The Swamp, and career politicians will use my success to attack me – in the same way they’ve attacked our President and his family – because we reject socialism, champion freedom and unapologetically support the free enterprise system that made this country great."
"The ridiculous accusations and desperate lies will be many, but I refuse to apologize for being successful and will do whatever it takes to help Georgia and shake up the status quo in Washington," she continued.
In January 2020, she was sworn in to the US Senate after Georgia Governor Brian Kemp had appointed her to fill the seat of US Senator Johnny Isakson. In the November 3 election, she finished second leading to a runoff with Democrat Raphael Warnock.