What is Mitch McConnell's net worth? Inside GOP leader's inheritance and why he's among richest Congress members
Republican support for Senate minority leader Mitch McConnell (R-Ky) has increased by 12 points since late February. McConnell earned a 42 per cent approval rating among Republicans, up from 30 per cent in late February, according to a recent Politico-Morning Consult poll. The leader's popularity plummeted in February after he chastised former president Donald Trump in the aftermath of the Capitol riots.
"One-hundred percent of our focus is on stopping this new administration," McConnell recently told to NBC, adding, "We're confronted with severe challenges from a new administration, and a narrow majority of Democrats in the House and a 50-50 Senate to turn America into a socialist country, and that's 100 percent of my focus."
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What is Mitch McConnell's net worth?
Mitch McConnell is an American lawyer and politician who has a net worth of $35M, according to Celebrity Net Worth. McConnell is a Republican Senator from Kentucky who served as Senate minority leader from 2007 to 2011 and then majority leader beginning in 2015.
McConnell served as the Senate minority leader under Barack Obama for many years. He was elected majority leader when the Senate was flipped. In Kentucky's history, he is the longest-serving United States Senator. The American Conservative Union gave him a perfect score for his conservative views.
Between 2005 and 2015, social media users shared posts online that questioned how McConnell’s net worth increased drastically within that span of time if he was on a senator’s salary. This increase was due to a family inheritance received by his wife in 2007, reported Reuters. “Sen Mitch McConnell’s net worth: 2005: $2,962,015 2015: $26,927,535 Increase: $23,965,520 (+809.1%) How does a senator earning $193,400 a year increase their net worth by nearly $2.4 million in a year, every year for a decade?”, one post read. The senate majority leader would have earned $193,400, according to the US Senate's official website.
According to Politico and The Washington Post, McConnell's wife, former secretary of transportation Elaine Chao, got an inheritance after her mother died in 2007. Chao's father James S C Chao is an extremely successful Chinese-American shipping magnate. In a June 2019 report, Forbes estimated the inherited amount to be around $9M. A financial disclosure report for McConnell for 2008 listed the amount between $5M and $25M as “a gift from filer’s relative”. Today the couple's net worth tops $35M, making McConnell one of the richest members of Congress.