John Barrasso is an American politician who has served as the senior U.S. Senator from Wyoming since 2007. A former orthopedic surgeon, Barrasso is a member of the Republican Party and a vocal supporter of Donald Trump. Today, we will uncover John Barrasso’s net worth and various income sources.
How rich is John Barrasso?
John Barrasso attended Georgetown University, where he earned his B.S. degree in biology and his M.D. in 1978. He also conducted his residency at Yale Medical School.
After Yale, Barrasso moved to Wyoming to join a private orthopedic practice in Casper. He would eventually become Wyoming Medical Center’s chief of staff. Additionally, Barrasso was a board-certified orthopedic surgeon in private practice from 1983 to 2007.
Barrasso first tried entering politics in 1996 when he decided to run for the U.S. Senate. He was elected to the Wyoming Senate in 2002 and reelected in 2006. In 2007, he replaced Senator Craig Thomas, who had passed away in office, and he continues to hold the spot today.
In addition to his former medical practice and politician’s salary, Barrasso holds a significant investment portfolio, which significantly contributes to his net worth.
What is John Barrasso’s net worth?
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 John Barrasso make his money?
John Barrasso’s net worth was built from his successful medical practice and political career. Furthermore, a large part of his wealth comes from various investments in savings, mutual funds, and individual stocks. More precisely, his wealth comes from the following:
- Medical career: From 1983 to 2007, Barrasso was a practicing orthopedic surgeon with various titles, including president of the Wyoming Medical Society and chief of staff at Wyoming Medical Center. While there is no public data regarding his income from this source, it can be assumed that it served as a solid basis for his current wealth;
- Political career: John Barrasso started his career in politics in 2002 and has since held several elected official roles. As a senator, he currently receives an annual salary of $174,000;
- Investing in mutual funds: By far, John Barrasso’s mutual funds investments make the most significant contribution to his net worth. These most notably include Vanguard Vanguard Total Stock Mkt Idx Adm (VTSAX), Vanguard Total Bond Market Index Fund (VBTLX), and Vanguard Wellington Admiral (VWENX), all three positions valued between $1 million and $5 million each;
- Individual stock holding: Interestingly, Barrasso also has a single individual stock position: $500K to $1 million worth of shares in Berkshire Hathaway (NYSE: BRK.B).
Insider trading involvement
Senator John Barrasso has not publicly expressed his opinion on barring senators and other U.S. representatives from holding individual stocks. This is understandable, considering he has a significant stake in a publicly traded company, Berkshire Hathaway, one of the world’s largest holding companies.
That said, Barrasso has been frequently associated with oil and fossil fuel companies and advocated in their favor. He has denied the scientific consensus on climate change and downplays the role of fossil fuels in global warming.
In what many see as a conflict of interests, Barrasso has received many donations for his campaigning from big oil players. In fact, OpenSecrets reveals that he ranks 10th on the list of largest big oil donation receivers in U.S. politics.
Who is John Barrasso?
John Barrasso was born in Reading, Pennsylvania, on July 21, 1952. He is a third-generation Italian-American. Before entering politics, he earned his M.D. from Georgetown University School of Medicine and worked as an orthopedic surgeon in Casper, Wyoming.
Barrasso started his political career in the Wyoming State Senate and served from 2003 to 2007. In 2007, he was appointed to the suddenly vacant spot of the late Senator Craig Thomas. He has been reelected ever since, and his current term will last until 2025.
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As a Republican, John Barrasso has built a reputation for conservative views and adamant support for energy development with a focus on traditional producers. He has also been active in healthcare reform and fiscal responsibility, which reflect the interests of his home state, Wyoming.
How much is John Barrasso’s net worth – the bottom line
The former orthopedic surgeon from Wyoming has acquired significant wealth from his combined medical, political, and investing ventures. John Barrasso’s net worth is estimated to be between $3.48 million and $16.88 million, which puts him among the more well-off representatives in U.S. politics.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/john-barrasso-net-worth/