Despite being one of the younger figures in the US Senate, Markwayne Mullin’s financial status positions him as one of the wealthiest American policymakers. Within this article, we will delve into his personal riches, examining his possessions and financial ventures, alongside all other pertinent details.
Who exactly is Markwayne Mullin?
Markwayne Mullin is a prominent persona in Oklahoma’s political realm, currently serving as a state senator. His standing as both a businessperson and politician with deep community connections precedes him. Prior to venturing into politics, Mullin garnered recognition for his efforts in the corporate landscape, notably within the plumbing and construction sectors.
Prior to assuming his Senate position, Mullin held the U.S. Representative title for Oklahoma’s 2nd Congressional District from 2013 to 2023. He vocalizes strong support for conservative policies and business-oriented legislation.
Markwayne Mullin’s financial standing
Based on the financial disclosure report of 2022 attributed to Markwayne Mullin, an approximation places his wealth between $20,748,073 and $99,453,999. This approximation establishes Mullin among the elite ranks of wealthy US Senators, with only a select few superseding his fortune.
Legal Note: Evaluating a legislator’s wealth is intricate as precise values are not mandated by disclosure forms. Legislators instead report their assets’ and liabilities’ values within designated ranges. While we endeavor to accurately gauge net worth from filings, disclosure regulations pose limitations. Personal residences, specific personal properties, and federal retirement funds often remain unreported. Considerable assets may be listed in broad categories like “Over $1 million” or “Over $50 million,” potentially holding higher values. Additionally, the majority of Congress Members receive an annual salary of $174,000, a figure not mandated for disclosure.
How did Markwayne Mullin amass his fortune?
Below is a breakdown of the avenues through which he accumulated his prosperity:
- Entrepreneurial pursuits: Mullin Plumbing, a family enterprise he assumed and expanded, stands as a significant source of his revenue. The firm specializes in plumbing services and has flourished under his guidance;
- Real estate endeavours: Mullin has dabbled in assorted real estate ventures, contributing to his overall affluence;
- Political remuneration: Cloaked in his US senatorial role, Mullin draws an annual salary of $174,000;
- Advisory roles and public speaking engagements: Mullin garners earnings through consultation tasks and public speaking engagements, leveraging his dual expertise in business and politics.
Markwayne Mullin’s holdings
Per Senator Mullin’s 2022 financial disclosure report, his 107 assets collectively range between $25,748,073 and $100,454,000. He holds a solitary reported liability amounting between $1,000,001 and $5 million.
Within his staggering array of 107 assets, some of the most valuable incudes:
- Northwestern Mutual FDIC Insured mutual fund, valued between $1,000,001 and $5 million;
- Vanguard Intl Equity Index FDS FTSE mutual fund, valued between $1,000,001 and $5 million;
- Northwestern Mutual life insurance, valued between $1,000,001 and $5 million;
- Residential property in Englewood, FL, valued between $1,000,001 and $5 million;
- The Christie Renee Mullin life insurance, valued between $1,000,001 and $5 million.
Has Markwayne Mullin indulged in insider trading?
Insider trading revolves around purchasing or trading a publicly listed company’s stock based on confidential, material information about the company. This practice constitutes an offence as it unfairly favors individuals with executive data, undermining market integrity and investor confidence.
Markwayne Mullin demonstrates active participation in stock market dealings. Noteworthy is his acquisition of $30,000 worth of Badger Meters (NYSE: BMI) stock on February 7, 2024, leading to a notable surge of 26.55% in the stock’s value. Moreover, Mullin openly disclosed acquiring up to $50,000 worth of Raytheon (NYSE: RTX) stock on September 13.
What is Markwayne Mullin’s monetary value?
Markwayne Mullin displays a commendable net worth, varying between $20,748,073 and $99,453,999. His active engagement in stock trading sets him apart, incorporating several controversial transactions in recent years. Nonetheless, Mullin doesn’t top the Senate’s financial charts, with Republican counterparts Rick Scott and Mitt Romney reigning supreme in terms of affluence.
Image Source: Markwayne Mullin @ Instagram
