Mitch McConnell Net Worth | Celebrity Net Worth

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What is the Net Worth and Salary of Mitch McConnell?

Mitch McConnell is a conservative American politician who has a net worth of $35 million. Mitch McConnell has served in the United States Senate as both minority and majority leader, and is the longest-serving senator ever from the state of Kentucky.

family wealth

Mitch McConnell was married to Sherrill Redmon from 1968 to 1980. They had three children together. He married Elaine Chao in 1993. Allen served as Secretary of Labor under George W. Bush and as Secretary of Transportation under Donald Trump.

Elaine’s father, James SC Chao, is a highly successful Chinese-American shipping magnate. James founded Formost Group, a New York-based shipping company that operates a fleet of 33 ships. The most significant is the estimated $1.2 billion value before the loan. The Chao family’s stake in Formost is estimated at $600 million, after debt and investments from the Export-Import Bank of China and Taiwan’s First Commercial Bank. Elaine has a younger brother, a sister named Angela, who serves as CEO.

Before 2007, Mitch McConnell had a net worth of $3 million. In 2007, following the death of Elaine’s mother, Mitch and Elaine’s personal wealth increased to $12.7 million, receiving an estimated $5–25 million inheritance. Today his net worth stands at $35 million, making Mitch one of the richest members of Congress.

early life

Addison Mitchell McConnell III was born on February 20, 1942 in Sheffield, Alabama. His mother was Julia Shockley and his father was Addison Michelle McConnell II. At a very young age, McConnell suffered a polio attack, which left his upper left leg paralyzed. He received treatment at the Roosevelt Warm Springs Institute for Rehabilitation, which saved him from becoming disabled for the rest of his life. In 1956, his family moved to Louisville, Kentucky where he studied as a high schooler at DuPont Manuel High School. He was elected president of the student council during his senior year. After high school, he attended the University of Louisville, where he earned a Bachelor of Arts degree with honors in political science in 1964.

livelihood

In 1967, McConnell enlisted in the US Army Reserves as a private. However, he was deemed medically unfit for military service due to his condition of optic neuritis. From 1968 to 1970 McConnell worked as chief legislative assistant to Senator Marlow Cook in Washington, D.C., where he managed a legislative department with five members, assisting with speech writing and constituent services.

In 1971, McConnell attempted to run for a seat in the state legislature as a representative. However, he was disqualified for not complying with the residency requirements for such office. Soon after the loss, he decided to work for a law firm, Segal, Isenberg, Sales & Stewart, and also served as a professor at the University of Louisville.

In October 1974, McConnell decided to return to Washington to fill a position as deputy assistant attorney general under President Gerald Ford. McConnell served as an acting judge in Jefferson County from 1977 to 1984. He then ran for a seat in the United States Senate against two-time incumbent Walter D. Huddleston, winning by 3,437 votes out of 1.2 million votes cast. .

On January 3, 1985, he was elected a United States senator representing the state of Kentucky. In his early years, he was known as a pragmatic and moderate Republican, but has gradually changed and become more conservative over time.

From 1997 to 2001, McConnell was chairman of the National Republican Senate Committee. He developed a reputation as an accomplished political strategist and strategist. He was 108 for the first time. was elected as majority whip during^th Congress and was re-elected the following year. After the Republicans took over the Senate after the 2014 senatorial election, he was voted as Senate Majority Leader.

In June 2018, McConnell became the longest-serving US senator from Kentucky in history. During his tenure, he became famous for his various conservative viewpoints. Although his views on topics such as abortion, unions and civil rights were more liberal in his early career, over time his views have evolved to become more socially conservative. He led the opposition against Obamacare during the Obama administration. McConnell also opposes strong gun control measures and efforts to mitigate climate change. He supported President Trump’s initiatives including strengthening border security, promoting free trade agreements, and the Tax Cuts and Jobs Act of 2017. He also supported the Iraq resolution authorizing US military action against Iraq. He has been highly critical of various democratic proposals for legislation around universal health care and green energy.

In the year 2020, McConnell faced Democratic candidate Amy McGrath, a former Marine, and Liberal candidate Brad Barron, a farmer businessman, in the 20202 election. McConnell was elected to his seventh term on November 3 when he defeated McGrath. In his career as a senator from Kentucky, he has managed to conquer every county in the state.

Although conservative, McConnell’s relationship with President Trump became significantly strained during Trump’s presidency and further developed after Joe Biden won the 2021 presidential election. Although he initially refused to acknowledge Biden’s victory, McConnell later congratulated President Biden and criticized Trump for his actions prior to the storming of the United States Capitol in 2021.

personal life

McConnell married his first wife, Sheryl Redmon, in 1968. The couple had three daughters before divorcing in 1980. Redmon pursued a feminist scholarship to Smith College. McConnell married his second wife, Ellen Chao, in 1993. Chao served as Secretary of Labor under President George W. Bush and then as Secretary of Transportation under President Donald Trump.

McConnell founded the James Madison Center for Free Speech in Washington DC in 1997, an organization dedicated to legal defense. He was also inducted into the Sons of the American Revolution in March of 2013 and serves on the board of selectors for the Jefferson Awards for Public Service.

McConnell is considered one of the wealthiest members of Congress. Following the death of his wife’s mother, his wealth further increased in 2008 following a personal gift from his father-in-law, James Chao. He was listed by “Time” magazine as one of the 100 most influential people in the world in both 2015 and 2019.