Kevin McCarthy Net Worth 2023

Kevin McCarthy net worth is $30 million in 2023. Kevin McCarthy is a well-known American Politician who was born in Bakersfield, California.McCarthy worked as a firefighter at California State University, Bakersfield.

Apart from this, he is a 58 years old young man. Kevin is a fourth-generation resident of Kern County. At the age of 19, he started a business selling sandwiches on Stine Road. As per the source, Kevin McCarthy’s political career started from the year 1987.

Kevin McCarthy Net Worth 2023

Kevin McCarthy net worth is $30 million in 2023. He currently earns a salary of $1 million per year. However, he is one of the wealthiest politicians in America. His political career is his primary source of wealth. Also, he lives a simple life on his earnings. He is having a great time because of his career earnings.

Biography of Kevin McCarthy

Kevin McCarthy was born on January 26, 1965, in Bakersfield, California to Roberta Darlene and Owen McCarthy. His father was an assistant city fire chief while his mother was a homemaker. Also, McCarthy earned his Bachelor of Science in Marketing in 1989 and Master of Business Administration in 1994 from California State University, Bakersfield.

As his parents were members of the Democratic Party, McCarthy is the first Republican in his immediate family. However,  He is also a former board member of the Community Action Partnership of Kern.

Therefore, McCarthy got married to Judy Wages in 1992 and the couple have two children together. Moreover, in 2015, he was accused of having an affair with Representative Renee Ellmers. Shortly before the allegations surfaced, McCarthy unexpectedly dropped out of the race for Speaker of the House. However, both McCarthy and Ellmers denied the allegations.

Kevin McCarthy Career

Kevin started his career serving on the staff of Congressman Bill Thomas from 1987 to 2002. He chaired the California Young Republican National Federation from 1999 to 2001. Kevin was elected as a trustee of Kern Community College District in 2000.

However, he was elected as the Member of the California State Assembly from the 32nd district in 2002. Also, Kevin McCarthy worked for the state workers’ compensation system and increased the business climate in California.

Moreover, Kevin replaced former boss Bill Thomas as a Member of the U.S. House of Representatives from California in 2006 and won the election with 85% of the vote. Also, he was re-elected for the second term in 2008. During this period, he was also elected as a House Republican Chief Deputy Whip in 2009. Later, Kevin served as House majority whip from 2011 to 2014.

Therefore, in the year 2012, his district was renumbered as the 23rd and the district majority was Republican. Kevin McCarthy won a fourth term with 73.2% of the vote vs. 26.8% for independent, No Party Preference (NPP) opponent, Terry Phillips. Also, in 2014, he was elected again for a fifth term and won the election against Raul Garcia with 74.8% of the vote.

Also, Kevin served in the United States of Representatives elections in California for the sixth, seventh, eighth and ninth terms from 2016 to 2022. Recently in the ninth term he defeated Democratic nominee Marisa Wood, winning reelection in 2022 with 67.2% of the vote.

Kevin McCarthy Education

He belongs to the Christian religion. Kevin McCarthy completed his graduation from California State University, Bakersfield with a Bachelor of Science in marketing in 1989. He completed his Master of Business Administration in 1994. Kelvin also worked as a firefighter for the Kern County Fire Department.

Kevin McCarthy’s Salary

Kevin McCarthy is an American politician who has a net worth of $300 thousand. As a senior member of Congress, Kevin McCarthy’s annual salary was $175,000. As Speaker of the House of Representatives, his salary is $223,500.

According to Kevin’s latest financial disclosure, which was given in 2018, at that time his net worth was $223,002. His assets ranged in value from $181,000 to $415,000 at that time and his liabilities ranged from $100,000 to $200,000. 

However, his financial disclosure listed two liabilities, a mortgage on his home in Bakersfield, California in the range of $50-100k and a Department of Education loan in the same range for a dependent child.

Also, his peak reported net worth was $300,000, as reported in his 2014 disclosure. As of this writing, he is the 270th richest member of the House of Representatives.

Kevin McCarthy House

Kevin McCarthy owns a 5-bedroom luxury house in California that is worth over $10 million. This luxury property comes with a pool, wine cellar, security and more features.

Kevin McCarthy’s Assets

However, Kevin McCarthy owns over $4 Million in investments. Most of Kevin McCarthy’s investments are in stock markets and Government Securities. Also, McCarthy has $1 million in cash and $500,000 in gold reserves. So, McCarthy owns three luxury yachts, all of which were gifts from unknown sources.

Kevin McCarthy Contact Details

• https://twitter.com/kevinomccarth
• https://www.instagram.com/repkevinmccarthy/?hl=en
• https://www.facebook.com/RepKevinMcCarthy
• https://www.youtube.com/user/repkevinmccarthy

Real Estate

McCarthy and his wife own a 1,571-square-foot home in Bakersfield, California, that was built in 1987. However, the home includes three bedrooms and two bathrooms, and Kevin and Judy bought the home in 1996.

The home’s estimated market value was approximately $300,000. Also, McCarthy’s 2019 financial disclosure stated that his mortgage on the house at the time was between $50,001 and $100,000.

How Rich is Kevin McCarthy?

By some accounts, McCarthy is recognized as one of the wealthiest politicians in the U.S. The website CAKnowledge.com reported his net worth as $95 million. However, according to Celebrity Net Worth, McCarthy is only worth $300,000.

Other sources, including the Los Angeles Times, report his net worth at a minimum of $81,000. As a congressional representative and Republican House leader. Also, McCarthy receives an annual salary of $193,400. If he is elected speaker of the House, that will increase to $223,500.

Born in Bakersfield, California, McCarthy graduated from California State University, Bakersfield, and went on to serve in the California State Assembly. However, he joined the U.S. House of Representatives in 2007 and has held the roles of party whip and minority and majority leader.

Kevin McCarthy, Wife & Relationship

Therefore, Kevin McCarthy married Judy Wages in 1992. He met with Judy in a high school biology class, Later that young woman married Kelvin. Also, the couple has two children Meghan McCarthy and Connor McCarthy. So, Meghan is a songwriter, executive creative director, screenwriter, and film and television producer and Connor is a graduate of Georgetown University.

Frequently Asked Questions

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