Born Joseph Manchin III, he is a Politician as well as a businessman, currently serving as the senior United States senator from West Virginia.
In this article, we will cover the net worth of Joe Manchin, his income, salary, and personal life. Read the full article below to know all this about him.
What is the Net Worth of Joe Manchin As of 2022?
According to Celebrity Net Worth, the estimated net worth of Joe Manchin is nearly $8 million. He typically earns $700 thousand yearly. Since 2010, he is serving as the US Senator for West Virginia and before getting elected there he was appointed as the 34th Governor of West Virginia in 2005 and continued to serve the position until 2010. From 1986 until 1996, he served as the State Senator representing West Virginia.
While in the Senate, he gained major attention when he opposed such causes that his fellow Democrats actually backed, particularly Medicare for All and increasing the hourly minimum wage to $15. Additionally, he also expressed objection to abolishing the filibuster and packing the Supreme Court.
Joe became a national figure in 2021 after he opposed Biden’s “Build Back Better” plan. His “no” vote eventually destroyed the bill.
He earns $174,000 in salary as a senior Senator.
Joe Manchin Income
Joe Manchin’s net worth of nearly $8 million places him among the world’s top 20 wealthiest Senators. He founded a coal brokerage firm named Enersystems. Joe Manchin’s non-public shares in the company contribute to 30% of his net worth.
As per 2020 reports, his shares are worth $1-5 million on the basis of the coal market. This also disclosed that between 2011 and 2020, his dividend from the firm was worth around $5.2 million.
Joe Manchin’s Wife and Children
In August 1967, Joe tied the knot with Gayle Heather Conelly and the couple has three children together named Heather Manchin Bresch, who served as the CEO of Netherlands-based pharmaceutical company Mylan, Brooke, and Joseph IV.
Joe Manchin Real Estate and Car
Manchin has owned a yacht worth $250,000 in Washington D.C. since 2013. He lives there with his wife whenever he visits the state.
The duo also owns a modest townhome in Charleston, West Virginia. They spent $765,000 in January 2021 to acquire a riverfront home on the Kanawha River.
He drives a Maserati Levante worth $80,000 in D.C.
On Friday, June 15, 2022, President Joe Biden said that he would act on his own to reduce climate emissions and requested his fellow Democrats to pass the few parts of their sweeping domestic policy package they can agree on the following discussion in the Senate failed yet again.
He stated that some unspecified moves will be taken by him in order to cut climate emissions following Senator Joe Manchin stating he wouldn’t support a raise in tax rates and emissions-cutting incentives that have been prevented in Congress.
Joe told a West Virginia radio station that he was still ready to have a conversation but wouldn’t back climate incentives unless he had a better knowledge of economic situations.
Manchin said “I want climate. I want an energy policy,” adding “I would not put myself through this if I wasn’t sincere.”
Unless Joe’s back, Democrats would not be able to progress the legislation in the Senate, which is split 50-50 between Republicans and Democrats.
Democratic Senator Martin Heinrich took to Twitter saying “Senator Manchin’s refusal to act is infuriating.”
Joe Manchin’s successful political career helped him in building this net worth. Stay tuned to our website to continue catching more such information.