Mitch McConnell Net Worth

Mitch McConnell holds one of the highest posts in the Republican party and the federal government. He is the longest-serving Republican leader in Senate history. His net worth results from the inheritance he and his wife received. Elaine’s mother’s death contributed to his multimillion-dollar net worth. So what is Mitch McConnell’s net worth in 2022?

What Is Mitch McConnell’s Net Worth?

It is challenging to determine an exact amount because lawmakers must submit their personal financial disclosure forms and identify their assets within a wide range, such as $5 million to $25 million. Mitch McConnell submitted the most recent financial disclosure agreement in May 2018, showing that his net worth with his wife Elaine Chao ranges from $13.42 million to $54.56 million. Celebrity Net Worth estimates Mitch McConnell’s net worth is estimated to be $35 million.

Who Is Mitch McConnell?

Addison Mitchell is an American politician and former attorney. Since 2021, he has been Kentucky’s senior senator and Senate minority leader. Mitch McConnell, who is presently in his eighth term, has held the position since 1985. Before that, he led the Senate’s minority from 2007 to 2015 and as majority leader from 2015 to 2021.

The only other Kentuckian to hold the position of majority leader in the Senate is Mitch McConnell, who was first elected to the Senate seat in 1984. He served as the National Republican Senatorial Committee’s chairman between the election cycles of 1998 and 2000. He was chosen as Majority Whip in the 108th Congress and re-elected in 2004. He was selected as the Senate’s minority leader in November 2006 and served until the Senate’s Republican takeover in 2015.

Early Life

Mitch McConnell was raised in Athens, Alabama, by his parents, Julia Odene and Addison Mitchell II. He had a polio attack at the age of two, which nearly left him permanently crippled. Young Mitchell, thankfully, received care and made a full recovery. The family moved to Louisville, Kentucky, in 1956 after initially relocating to Augusta, Georgia, in 1950.

He attended DuPont Manual High School and studied politics at the University of Louisville. In 1967, he graduated from the University of Kentucky College of Law and served as president of the student bar association.

Career

Mitch McConnell began his political career as a Capitol Hill intern for Sen. John Sherman Cooper after earning degrees from the University of Louisville College of Arts and Sciences and the University of Kentucky College of Law. His subsequent political positions included serving as Sen. 

Senate Marlow Cook was the primary legislative aide, and President Gerald Ford’s deputy assistant attorney general. He presided over Jefferson County, Kentucky, as judge-executive from 1978 until January 1985, when he started his first term as a senator. 

He went on to serve as Kentucky’s senator for the longest time, and he successfully blocked several Democratic initiatives during that time. Mitch McConnell calls himself the “grim reaper” of Democratic legislation and is proud of his record as a conservative.

As soon as August 2018 rolled around, Mitch McConnell said he would be standing for reelection as Kentucky’s senator for the seventh term in 2020. 

In the general election held in November 2020, Mitch McConnell received 57.8% of the vote, while McGrath received 38.2%. If he decides to run again, it won’t be until 2026, when he’ll be 84 years old.

Personal Life

In 1968, Mitch McConnell wed Sherrill Redmon, who would become his first wife. The couple got divorced in 1980 after having three children together. Since then, Redmon has continued her studies in feminist theory at Smith College. In 1993, McConnell wed Elaine Chao, his second wife. President George W. Bush appointed Chao as secretary of labor, and President Donald Trump nominated him as secretary of transportation. 

In 1997, McConnell established the Washington, D.C.-based James Madison Center for Free Speech, a group dedicated to legal defense. He also served on the Board of Selectors for the Jefferson Awards for Public Service and was initiated into the Sons of the American Revolution in March 2013.

One of the richest members of Congress is reportedly McConnell. In 2008, after the passing of his wife’s mother, James Chao gave him a special present, which helped him further enhance his riches. In 2015 and 2019, “Time” magazine ranked him as one of the world’s top 100 most influential people.

Interesting Facts About Mitch McConnell

• Mitch McConnell was elected to serve Kentucky as a US Senator during his first term in 1985. 
• From 1977 to 1984, Mitch McConnell presided as Jefferson County Judge before joining the Senate. 
• McConnell was exposed to polio when he was just two years old. He couldn’t walk until he was five years old, but his mother’s dedication to physical therapy allowed him to do so. 
• He received an honorary degree from the University of Louisville College of Arts and Sciences in 1964. He continued to the University of Kentucky College of Law, earning a law degree in 1967.
• Mitch McConnell’s wealth results from the inheritance he and his wife received.

Conclusion

Mitch McConnell is an American politician who was born in Alabama. He currently holds the position of Minority Leader in the Senate. He is now the longest-serving Republican United States Senate leader, surpassing former Kansas Senator Bob Dole. 

Mitch McConnell’s net worth is $35 million as of August 2022.

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