Mike Pence Net Worth

What is Mike Pence’s Net Worth?

Net Worth:$1 Million
Profession:Politician, Lawyer
Country:United States of America
Born:June 7, 1959
Income (Annual):$250 Thousand
Source Of Wealth:Salary
Last Updated2022

Mike Pence Net Worth and Income:

Mike Pence is an American politician, lawyer, and broadcaster who has a net worth of $1 million. Pence served as the 47th Vice President of the United States from 2017 to 2021. Pence is the former Governor of Indiana and is a member of the Republican Party. He also served as a member of the House of Representatives from 2001 to 2013. Let us see how this politician rose to prominence by serving the Trump Administration and making significant net worth along the way.

Early Life

Micheal Richard Pence was born on June 7, 1959, in Columbus, Indiana, and was one of the six children of Ann Jane Nancy Cawley and Edward Joseph Pence Jr. His father ran a group of gas stations and served in the U.S Army during the Korean war.

His parents are of German and Irish descent and Pence has Irish ancestry. He graduated from Columbus North High School and earned a degree in Bachelor of Arts in History major from Hanover College in 1981.

Pence also subsequently earned a Juris Doctor from Robert H. McKinney School of Law at Indiana University/Purdue University in 1986. His first job was that of an admissions counselor at the college from 1981 to 1983.

Pence began to get inspired by politicians such as Martin Luther King Jr. and John F. Kennedy. He had political views and was a right-winged supporter and began to identify his common-sense conservatism with that of Ronald Reagan.

Early Career

Post graduating from Law school in 1986, Pence was a practicing attorney at a private firm. He also simultaneously ran for Congress against the Democratic Philip Sharp but was defeated. He once again ran this time after quitting his job but lost the second time as well.

He used his political donations to pay the mortgage for his house, groceries, golf tournament fees, credit card bills, and other personal expenses he had incurred. While this was not illegal, it was looked down upon by the supporters.

Pence was hired to run a weekly half-hour radio show, ‘Washington Update with Mike Pence,’ in 1988 at the WRCR-FM in Indiana. In 1991, Pence became the President of the Indiana Policy Review Foundation which was a self-described free-market think tank.

He was also a member of the State Policy Network and held the position till 1993. In 1994, he was offered another show called ‘The Mike Pence Show,’ which reached many radio stations but ended in 1999 to focus once more on standing for elections.

Tenure in the U.S House of Representatives

Pence won the 2000 elections in the U.S. House of Representatives and won a seat in Indiana’s 2nd congressional district. He was re-elected in the subsequent years after that in 2006, 2008, and 2010. He soon grabbed the ladder to climb up in leadership and became the Chairman of the Republic Study Committee, which was a conservative group of House Republicans.

In 2008, Pence was elected as the Republican Conference Chairman which was the third-highest-ranking Republican leadership. He was even listed by Esquire magazine as one of the best members of Congress and was even considered for President in a straw poll held at the Values Voter Summit in 2010.

Mike Pence Net Worth and Salary

Tenure as the Governor of Indiana

In 2012, Pence announced that he would seek Republican nominations to become Governor and was sworn in as the 50th Governor of Indiana in 2013. Pence focused on various economical reforms to change Indiana, especially advocating to cut the state taxes but subsequently never did them. He also supported an increase in funding for pre-schools but partially got approval from the House.

Pence opposed the Common Core State Standards and put religious beliefs on par with science and told the schools to let children decide what they believe in. However, this led to constant clashes between Pence and teacher unions after getting funds for preschool.

He tried to roll back into renewable energy standards and tried to end Indiana’s efficiency efforts. He even signed a bill that allowed firearms to be kept in vehicles in 2014 and was supported by Republicans.

Controversies

A lot of controversies also surrounded the bill against the Religious objections Bill which was praised by religious conservatives but went against LGBTQ+ communities. He also banned procedures on abortion and became a worldwide controversy in 2016. Pence was also criticized for deleting comments of others on his social media platforms, especially on his Facebook page.

He also prevented Muslims from entering the U.S which is unconstitutional and offensive but unsuccessfully prevented Syrian refugees and cut off federal funds for them. He also prevented the request for public records because Pence used a personal email account to conduct official businesses. Pence has also supported the impeachment of Bill Clinton and wrote that he was a President with ‘bad moral habits’ and can ‘incinerate the planet.’

Trump Administration

Pence was chosen by Trump as his Vice President because of his stronger connections to influence the big donors like the Kochs. He had initially signed up for re-election for the Governor position, but Trump announced the same on Twitter that Pence would be his running mate.

Pence was the most conservative vice president according to the FiveThirtyEight rating of candidates’ ideology. He was also inspired strongly by Dick Cheney.

Pence took the Vice President role and was in the office from 2017 to 2021. He was said to be holding a large influence on the administration due to his role as a mediator between Trump and the Congressional Republicans.

During the 2021 elections, Trump even ordered Pence to do something about the elections so that it would be in his favor. He declared that Pence should use his position to overturn the results and declare Trump the winner of the election.

Personal Life

Pence met his wife, Karen, at law school at Indiana University and got married in 1985. They have three children together, Michael, Charlotte, and Audrey. Pence is a first lieutenant pilot of the United States Marine Corps.

Although Pence is a powerful figure in U.S politics, he does not have much to his name. Since he worked for the government, he receives a federal pension that added up to his net worth. They are worth at least $85,000 per year and which added to his present net worth of $1 million. He currently resides in Virginia with his wife Karen in his Indiana house and has opened a transition office there.

Summary

As of 2022, Mike Pence’s net worth is estimated at $1 million. Mike is a controversial politician who served the Trump administration from 2017 to 2021.

Leave a Comment