Instead he has spent two decades earning government paychecksand banking onhefty, taxpayer-funded plansto cover his retirement. This website uses cookies to improve your experience while you navigate through the website. Those pensions, which will likely pay Pence at least $85,000 per year for the rest of his life, are worth a combined $1.2 millionenough to push Pences net worth to an estimated $1 million after factoring in his six-figure student loan debt. The district serves much of east-central Indiana, including Pence's hometown of Columbus, as well as Greenfield, Richmond, Shelbyville, and the southern suburbs of Indianapolis in Marion and Johnson Counties. Unlike Wilbur Ross and Steven Mnuchin, who built immense portfolios, or even Betsy DeVos, who grew up with one business fortune and married into another, Mike Pence has little notable experience in the private sector. They even cast their vote to Donald Trump in the previous Presidential Election in the year 2016. He has also likely been saving a chunk of his federal salary through the Thrift Savings Plan, essentially a 401(k) for government employees. Immediately after winning, he and his wife established a charity for Latino students. The exact value is not clear, but Greg's 2018financial disclosure form estimates that the mall is valued somewhere between $5 million and $25 million. Pence voted in favor of closing this benefit for future Congressmen in 2012, though he remains one of many lawmakers grandfathered into the older, more lucrative pensions. Mike Pence's contemptible convention speech. (If he waits until hes 65 to retire, he can get 40%.) Property records reveal that Pence, 62, bought a seven-bedroom, 7-bathroom house in the upscale locationof Carmel known as the luxury pinnacle in his state of Indiana. It would be an understatement to say that most members of the 116th United States Congress aren't poor. Estimated net worth: Between $5-$25 million, Indianas real median household income: $51,181. Greg distanced himself from the cost of cleaning up the multi-state mess, with his spokesperson tellingChicago Tribune, "Greg Pence has had nothing to do with Kiel Bros since 2004. Blumenthal married into money: His father-in-law is the real estate developer Peter Malkin. He doesnt appear to own a home, and he hasnt saved much besides $65,000 in index funds, at most, and less than $15,000 in a bank account. such as textbooks, contact OpenSecrets: info[at]crp.org. 03/15/2022 12:45 PM EDT. Pence turned his focus in 2006 to operating antique malls he purchased with his wife, Denise, a business now worth between $5 million and $25 million, according to his congressional financial . So, how much is Greg Pence worth at the age of 65 years old? [20][21], This article is about the U.S. Representative from Indiana. As you might imagine, he's been working a bit harder in the private sector than his brother Mike in order to amass those millions. Net Worth: $4 Million. var qs = Object.keys(params).reduce(function(a,k){a.push(k+'='+encodeURIComponent(params[k]));return a},[]).join(String.fromCharCode(38)); In fact, some of those candidates we . The rest of his assets stem almost entirely from the government as well. He does not own a home and has only saved $15,000 in a bank account and $65,000 in index funds. McCaul married into big money: The congressmans wife Linda McCaul (formerly Mays) is the daughter of the former chairman of Clear Channel Communications, now iHeartMedia. These cookies do not store any personal information. In the early 2000s, the company had grown to more than 200 locations and Pences brother Greg was president. After earning a law degree at Indiana University in 1986, he entered private practice. Former Vice President Mike Pence and his wife, Karen, have put their Washington, DC, days behind them and are living in a $1.93 million Indiana home they purchased last month. the book says (via Celebrity Net Worth). From 2001 to 2013, he served as a member of the U.S. House of Representatives. I'm officially calling out Greg and his wife, Denise, who co-owns the malls," Lee tweeted. But there's little the mall won't carry." The report found that the items have remained on sale for years, despite customer complaints to the mall's management dating as far back as 2008. His paternal grandfather was Robert F. Kennedy and his maternal grandfather was one of the founders of Standard Oil. Greg Pences income source is mostly from being a successful . As you might imagine, he's been working a bit harder in the private sector than his brother Mike in order to amass those millions. This category only includes cookies that ensures basic functionalities and security features of the website. Similarly, her husband Mike Pence also makes millions from State and Government Pensions. Additionally, the antique mall makes commission from each sale. Necessary cookies are absolutely essential for the website to function properly. Feel free to distribute or cite this material, but please credit OpenSecrets. Some elderly people rent booths for a few months to get rid of household possessions. His net worth has been growing significantly in 2020-2021. The larger mall, a sprawling 72,000-square-foot complex in Edinburgh, Indiana, is his biggest asset. Pence was criticized for hypocrisy because he had $79,441 of debt from his PPP loan forgiven. By 2000, Pence was a minor celebrity in the conservative Midwest. Her main moneymaker is Carlton Hotel Properties, which owns the Carlton Hotel in San Francisco. Vendors cant sell underwear. Congressman Greg Pence is a native of Columbus, Indiana where he lives in the same home that he and his wife, Denise, raised their four children - Nicole, Lauren, Emily and John. Greg owns a lot of antique malls in southern Indiana. [2][3] He was raised in the Catholic faith. These cookies will be stored in your browser only with your consent. id: "96220e5d-b43a-44f2-bae8-6cba7e69115c", Estimated net worth: Between $35-$96 million. Mike got his name Richard Michael Cawley from his grandfather. They are both collectivelyowned by Pence Group LLC. Greg Pence: Here's How Much Mike Pence's Brother Is Really Worth. First elected to Congress in 2018, 65-year-old Greg Pence represents a deeply Republican and largely rural district that his brother held for 12 years before he was elected Indiana governor and. Pence ( Republican Party) ran for re-election to the U.S. House to represent Indiana's 6th Congressional District. On the other side, her darling husband, Mike, doesn't have all that much to his name. { Gregory Jacob, a senior Pence adviser, meanwhile, is . His biggest expense so far has been media consulting for ads in which he pokes fun at his last name and cracks an egg into a frying pan. TOP INDUSTRIES INVESTED 2018 Real Estate $8,000 TOP ASSETS 2018 Pence Group $15,000,000 Residential Rental Property $375,000 Feel free to distribute or cite this material, but please credit OpenSecrets. According to his mother, Pence and his three brothers rode wagons in a 1964 campaign parade for Republican presidential nominee Barry Goldwater. Inside the Antique Mall That's Greg Pence's Largest Asset Vice president's brother is running for Congress but seldom gives interviews A worker arranges merchandise at the Exit 76 Antique Mall. The freshman senator reported earning $18.5 million from the stock in his company, Meyer Distributing, according to the Indianapolis Business Journal. The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. Kiel Brothers Oil Co. was allegedly responsible for polluting drinking water near the Pence family's Indiana hometown. He took over his familys Volvo dealership and expanded it with his siblings into nine highly successful dealerships. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" Mike's brother Greg is currently running for Congressman in 2018. In 2018,Roll Callreported that Greg Pence's largest asset is the Exit 76 Antique Mall in his home state of Indiana. Greg Jacob has an estimated net worth is $12 million. The future vice president helped out at Kiel Bros. growing up, but he never went into the business. But on a crisp, sunny Friday one of those Indiana spring days that gave way to snow and rain showers three hours later Pence wasnt seen at the antique mall. Gregory E. Pence (born January 17, 1948) is an American philosopher.. Montanas real median household income: $53,386. Virginias real median household income: $71,535. On June 5, 2015, he was named the chairman of Walmart. from William and Mary and a Ph.D. from New York University, writing under visiting Australian bioethicist Peter Singer.Professor Pence taught a required course in bioethics for thirty-four years to 165 medical students at the University of Alabama School of Medicine. Facts: Currently, Greg Pence has been serving the Republican Political Party. Controversy aside, it does seem like the antiques malls have been lucrative, butthere's not a concrete figure floating around for the Indiana congressman's net worth. The official Facebook page for U.S. Representative Greg Pence. Built in 2008, the home offers a fitness room, an indoor basketball court, a handcrafted bar, a media room, a study, and several living spaces throughout. Its unclear how much of that money he still has, or whether he has made even more with investments. Currently, he has been providing his services for Indianas 6th congressional district as the US Representative. This fortune is mostly made up of a pension worth around $500,000. But opting out of some of these cookies may have an effect on your browsing experience. According the Center for Representative Politics, Greg Pence's net worth is valued at just over $12 million. She struggles to bring attention to art therapy and to sacrifices made by military service members and their families. The couple now shares four children. The estimated range of net worth of Greg Pence is approximately $5 million to $26 million. So far, Greg Pence's path falls solidly under the category of loyalty to his brother, despite the fact that he personally objected to certifying Pennsylvania's election results on January 6,. During his involvement at Kiel Brothers Oil Company, he also ran a chain of gas stations as well as convenience stores. Greg is expected to be the day-to-day boss along with his wife, Carrie of . Former mechanical engineer Collins bought out a part of an industrial gear company he was working at. She never made a salary before being elected to represent Californias twelfth district but was an active fundraiser in the Democratic party. All rights reserved. (Beer people. Greg Pence's Democratic challenger in the upcoming elections, Jeannine Lee Lake, is one of three Black candidates on the ballot in Indiana this November. In addition, in a statement, Pence said that the mall "does not allow items that promote or glorify hatred, violence, racial, sexual, or religious intolerance, or promote organizations with such views," and regularly audits merchandise. However, Greg Pence also earns some amount of money through some of his businesses. However, Greg Pence also earns some amount of money through some of his businesses. He was born on November 14, 1956 . Who is Vice President Mike Pences brother Greg Pence? So exactly what is Greg Pence's net worth? The politician revealed his worth in August 2016, as part of his financial declaration. If he were able to sell that annuity today, he could get around $700,000 for it. However, his state and federal pensions. Origin of wealth: Phillips Distilling Co. Minnesotas real median household income: $38,388. (Lawmakers and candidates are required to report the value of their assets only in broad ranges.) He is a member of famous with the age 65 years old group. Pence disclosed two Indiana state-run retirement accounts, worth up to $65,000. Cisneros ran on a clever platform of change in the 2018 election that emphasized he could connect with constituents because he didnt have old money, but he also had enough new money that he couldnt be bought. Taxpayer-Funded plansto cover his retirement the government as well as convenience stores the early 2000s, the antique mall commission! 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