How rich is the Indiana representative?

In this piece, we explore Victoria Spartz’s net worth by going through her assets and liabilities, all disclosed in the Indiana representative’s latest FD report.

Who is Victoria Spartz?

Victoria Spartz is a US representative from Indiana’s 5th congressional district. She was born in 1978 in Nosivka, Ukraine, and immigrated to the United States in 2000. Spartz is a member of the Republican Party and has held her congressional seat since January 3, 2021.

Before her election to Congress, Spartz served in the Indiana Senate from 2017 to 2020. She has a background in accounting and business, having worked as a certified public accountant and owning several businesses.

Victoria Spartz’s net worth

Sources like Penn Book Center estimate Victoria Spartz’s net worth at $25.4 million. However, according to her most recent financial disclosure report, we estimated Spartz’s wealth at anywhere between $2,932,012 and $39,865,997.

Disclaimer: Estimating a lawmaker’s net worth is challenging because disclosure forms do not mandate exact values. Instead, they 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.

Victoria Spartz’s assets and liabilities

Based on Victoria Spartz’s latest FD report, her assets total between $8,482,012 and $41,131,000, with liabilities ranging from $1,265,003 to $5,550,000. Out of all her disclosed assets, the most valuable ones include:

• Entrust Roth IRA, Noblesville, IN, valued between $5,000,001 and $25 million;

• Charles Schwab Roth IRA, Simon Property Group, Inc. (SPG), valued between $1,000,001 and $5 million;

• EcoArgo USA, Noblesville, IN, valued between $1,000,001 and $5 million.

Controversies

Multiple complaints have been filed against Victoria Spartz, accusing her of drastically cutting staff pay and communicating with “complete and total rage.” These allegations have led to a preliminary inquiry by the House Ethics Committee.

Additionally, there have been reports of Spartz berating staff and creating a generally toxic workplace. Despite these allegations, Spartz’s campaign has denied any wrongdoing and stated that they have not been contacted by the Ethics Committee.

Personal life

Victoria Spartz is married to Jason Spartz, a native of Noblesville, Indiana. The couple met in Europe while Victoria was in college, and they started a long-distance relationship that eventually led to marriage in 2000. They have two children together.

Spartz immigrated to the United States from Ukraine in 2000 and became a US citizen in 2006. She has a solid educational background, with degrees from Kyiv National Economic University and Indiana University.

The bottom line

Although having an impressive net worth that ranges between $2,932,012 and $39,865,997, Victoria Spartz is still a long way from the wealthiest echelon of US House representatives and politicians in general.

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