Since January 2019, American lawyer and politician Gretchen Whitmer has led Michigan as its governor. From 2011 to 2015, she was the first female Senate leader for the Democratic Party. This article will reveal Governor Gretchen Whitmer’s official income sources and reveal her net worth.
Gretchen Whitmer’s Net Worth in 2024
Gretchen Whitmer, the Governor of Michigan, has an estimated net worth of approximately $2.97 million, according to Yahoo Finance. This figure is derived from her financial disclosures, which include various assets and income sources.
Income: In 2021, Whitmer reported an income of $151,173, primarily from her gubernatorial salary of about $130,000, along with $16,000 from investment dividends and $5,000 from capital gains.
Assets: Her financial disclosures indicate that she holds taxable and IRA assets valued at around $2.46 million. Additionally, she owns a family vacation home worth approximately $394,800.
Investments: Whitmer’s investments include significant holdings in a Vanguard Total Stock Market Index Fund, with around $1 million reported in Admiral shares.
Whitmer’s financial situation may further change with the upcoming publication of her memoir, “True Gretch: What I’ve Learned About Life, Leadership, and Everything in Between,” which is expected to generate additional income for her..
Overall, Whitmer’s net worth reflects her long career in public service and her investments, contributing to her financial stability as she continues her role as governor.
If you’re eager for more celebrity news and insights, check our previous posts, which provide detailed examinations.
What was the source of Gretchen Whitmer’s income?
Gretchen Whitmer has a prosperous legal practice in addition to her career in politics. She has also made significant investments in a variety of financial assets.
Her disclosed sources of income are as follows:
Practice of law: Gretchen Whitmer started practicing law as soon as she graduated with her J.D. from Michigan State’s College of Law in 1998. She served as an Ingham County prosecutor among other official roles;
Politics: Following her election to the Michigan House of Representatives in 2000, Governor Gretchen Whitmer has held several posts in the political arena. She currently holds the position of Governor of Michigan, which pays $159,300 a year;
Writing: Whitmer’s memoir, True Gretch: What I’ve Learned About Life, Leadership, and Everything in Between, was released in July 2024. Although the amount of royalties she would receive is unknown, it is expected to significantly increase her already enormous wealth;
Investing: Gretchen Whitmer has made significant investments in a range of securities, mostly mutual funds. Whitmer’s modestly over $1 million Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) mutual fund holding is one of her most valuable possessions.
Assets of Gretchen Whitmer
The Michigan governor’s portfolio is fully disclosed in Whitmer’s 2023 financial disclosure form. Her most valuable assets are:
- $1,003,294 in mutual funds, Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX);
- A $418,200 piece of residential real estate, a cottage in Elk Rapids, Michigan;
- The $382,135 mutual fund investment is Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX);
- Admiral Shares of the Vanguard 500 Index Fund (VFIAX) mutual fund investment valued at $273,973;
- Her spouse owns a mutual fund investment with Voya Financial, Michigan Office of Retirement Services, worth between $100,000 and $250,000.
Stay well-informed about celebrities’ net worth with the help of Wortholino.