As the Speaker of the US House of Representatives, Mike Johnson’s net worth is a topic of interest to many. This is why we decided to explore his finances, nitpicking through his assets and investments, as well as all other relevant information.
Who is Mike Johnson?
Mike Johnson is a prominent American politician and attorney. He represents Louisiana’s 4th congressional district and has served as a member of the House of Representatives since 2017. As of 2023, Johnson holds the position of Speaker of the House, making him one of the key figures in US politics right now.
What is Mike Johnson’s net worth?
There are varying reports on Mike Johnson’s net worth, with OpenSecrets estimating his personal wealth back in 2018 to be -$32,501 and CCI reporting in 2024 that it’s significantly higher—$6 million. However, based on his 2022 financial disclosure report, his net worth ranges from -$280,003 to -$600,000.
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The reason Mike Johnson’s net worth estimate is negative is because he only reported liabilities and no assets, which is why there are numerous worries about his finances in different online reports.
Disclaimer: Estimating the US House of Representatives members’ 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. Additionally, as the speaker of the House, Mike Johnson earns $223,500 annually, but this isn’t required to be disclosed.
Mike Johnson’s income sources
Here’s a detailed look at the sources of his income:
- Legal career: Johnson worked as an attorney specializing in constitutional law, civil rights, and religious freedom. His legal practice brought in substantial earnings before he transitioned fully into politics;
- Political salary: As a member of the House of Representatives, Johnson earns an annual salary of $223,500;
- Book royalties and speaking engagements: Johnson has authored several books on legal and political subjects, contributing to his income. He also commands fees for public speaking engagements and online college courses, for which he reported in his financial disclosure that he earned $29,890 in 2022.
Mike Johnson’s liabilities
As mentioned, Mike Johnson’s 2022 financial disclosure report includes no assets. However, he does report several liabilities, totaling between $280,003 to $600,000. They include:
- Home mortgage valued between $250,001 and $500,000;
- Personal loan valued between $15,001 and $50,000;
- Home equity line of credit valued between $15,001 and $50,000.
Controversies and personal life
During his career, Mike Johnson faced numerous controversies. Namely, Johnson invited Pastor Jack Hibbs, a far-right media personality, to lead the opening prayer for the House of Representatives. This sparked criticism due to Hibbs’ history of spewing hateful vitriol toward various minority groups in the United States.
During his time in Congress, Johnson served on Donald Trump’s legal defense team during both impeachment trials in the Senate. Additionally, he was one of the 147 House Republicans who voted against certifying the 2020 election results in favor of President Joe Biden on January 6, 2021.
Feud with Marjorie Taylor Greene
Despite their initial alignment, Johnson killed a bipartisan Senate deal providing aid to Israel, Ukraine, and Taiwan in exchange for immigration restrictions and additional security measures at the US-Mexico border, starting a feud with fellow Republican, Marjorie Taylor Greene.
On a personal note, Johnson is married to Kelly Johnson, and they have four children. The family is known for their strong Christian faith and active involvement in their local community.
The bottom line
Due to no reported assets and three liabilities in his 2022 financial disclosure, Mike Johnson’s net worth is negative, ranging between -$280,003 to -$600,000. While this might seem unusual, Johnson isn’t alone; other prominent politicians, such as Senators Tom Cotton and Bill Cassidy, also have negative net worths.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
