The Democrat from Madison is just barely a millionaire, and in the middle of the U.S. Senate in terms of personal wealth. She avoids potential conflicts of interest by making a voluntary choice regarding her finances.
U.S. Sen. Tammy Baldwin’s net worth was estimated at about $1.1 million in 2018, according to the most recent evaluation from Open Secrets, a nonprofit that tracks money in politics.
That would make the Wisconsin Democrat the 55th-wealthiest senator, close to the middle of the U.S. Senate’s 100 members.
By comparison, the other senator from Wisconsin, Republican Ron Johnson was estimated to be worth about $39 million by Open Secrets in 2018. That would make him the 6th-richest senator.
Baldwin reports assets of between $500,000 and $1 million, which she has put in a Senate-approved, qualified blind trust. Senators are not required to place their assets into a blind trust, but they can to avoid the perception of impropriety or insider trading.
Baldwin also reported bank accounts valued between $100,000 and $250,000. And she reported a house valued between $250,00 and $500,000.
Her full disclosure report is below.
The STOCK Act of 2012, which passed both the House and Senate with near-unanimous votes, banned House members and aides from using nonpublic information derived from their positions to trade stocks. It also requires the House clerk to post members’ financial disclosure reports filed online.
But the law does not ban politicians from owning stock in individual companies, as many have insisted. A bill introduced last month in the Senate by Kirsten Gillibrand (D-New York) and Josh Hawley (R-Missouri) would do that. It faces an uncertain path forward.
The Badger Project is a nonpartisan, citizen-supported journalism nonprofit in Wisconsin.