What is Joe Manchin’s Net Worth?
|Full Name:||Joe Manchin|
|Net Worth:||$8 Million|
|Born:||August 24, 1947|
|Salary:||$700 Thousand Per Year|
Joe Manchin is an American politician and businessman who is serving as the senior United States senator from West Virginia, since 2010. He is often cited as the most conservative Democrat in the state. He became the state’s senior US senator when Jay Rockefeller retired in 2015.
He receives the largest coal, oil, and gas donations of any senator. Manchin is also the founder of coal brokerage Enersystems. He was also the 34th governor of West Virginia from 2005 to 2010 and also the 27th secretary of state of West Virginia from 2001 to 2005.
He was recently in news for opposing President Joe Biden’s “Build Back Better Act” that would expand the nation’s social safety net.
Joe Manchin Net Worth Growth
|Net Worth in 2023||$8 Million|
|Net Worth in 2022||$7 Million|
|Net Worth in 2021||$6.8 Million|
|Net Worth in 2020||$6.2 Million|
|Net Worth in 2019||$6 Million|
Manchin was born on August 24, 1947, in Farmington, West Virginia. He is the second of five children. His parents are John Manchin and Mary. His father is of Italian descent and his mother was a Czechoslovakian immigrant.
His father owned a carpet and furniture store. Both his father and grandfather have served as Farmington’s mayors in the past.
Manchin is a member of the Friends of Wales Caucus. He graduated with a degree in Business Administration from West Virginia University in the year 1970. He has also been a close friend of Alabama Crimson Tide football coach Nick Saban since childhood.
Manchin was elected to the West Virginia House of delegates in 1982 and in 1986 was elected to the West Virginia Senate, where he served until 1996. He was the secretary of state of West Virginia from 2001 to 2005 and then became the governor of West Virginia from 2005 to 2010.
On the August 28, Democratic primary he defeated former Democratic Congressmen Ken Hechler. In the general election, he defeated Republican businessman John Raese.
He is been serving as a senior United States senator from West Virginia since 2010. As a member of Congress, he is known for his bipartisanship with his republican colleagues on issues such as abortion and gun ownership.
He is also a prominent opponent of policy proposals including Medicare For All, abolishing the filibuster, packing the Supreme Court, and increasing the federal minimum wage to $15 an hour. After 2020, he became an important swing vote in the 50-50 Democratic-controlled senate.
Assets and Properties
Manchin has listed AA Properties as a non-public asset on his annual financial disclosures. Enersystems is 71% of Manchin’s investment income and 30% of net worth. According to opensecrets.org, he owns up to 61 assets.
Joe Manchin’s source of income mainly accounts for his salary as a senior senate of the United States. He also earns from his business which he founded in 1988. He has been an investor in Emerald Coast Realty, which owns a La Quinta hotel in Elkview, West Virginia.
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|Net Worth||$8 Million|
|Date Of Birth||August 24, 1947|
|Birthplace||Farmington, West Virginia|
|Income||$1 Million (Annual)|
|Spouse||Gayle Heather Conelly|
Joe Manchin married Gayle Heather Conelly, in August 1967. And have three children together; Heather Manchin Bresch (who was CEO of Netherlands-based pharmaceutical company Mylan), Joseph IV, and Brooke.
He is a member of the National Rifle Association and is a licensed pilot. He is a catholic. As of the present, his net worth amounts to $7.6 million. He founded the coal brokerage Enersystems in 1988 and helped it run until he became a full-time politician, and gave control of his business to his son Joseph.
Joe Manchin has a net worth of $8 million. Joe Manchin’s source of income mainly accounts for his salary as a senior senator of the United States. He also earns from his business which he founded in 1988. He has been an investor in Emerald Coast Realty, which owns a La Quinta hotel in Elkview, West Virginia. Enersystems is 71% of Manchin’s investment income and 30% of its net worth.
As of 2023, Joe Manchin’s net worth is estimated to be $8 million and his annual salary is $700 thousand. He is an American politician, and businessman and serving as the senior United States senator from West Virginia, since 2010.
He found the coal brokerage Enersystems which he passed on to his son Joseph after becoming a full-time politician.
Before being a senior US senator, Manchin served in various offices as the governor of West Virginia and has also served as secretary of state of West Virginia. He was recently in news, for opposing Biden’s “Build Back Better Act” that would expand the nation’s social safety net.