- Richest Politicians › Democrats
- Net Worth:
- $800 Thousand
- $174 Thousand
- Date of Birth:
- Jul 23, 1969 (53 years old)
- Place of Birth:
- Savannah, Georgia, U.S.
What is Raphael Warnock's Net Worth and Salary?
Raphael Warnock is an American pastor and politician who has a net worth of $800,000. Raphael Warnock first gained national attention in 2020 when he ran for Senate against Kelly Loeffler. Prior to entering politics Warnock served as the Senior Pastor at Ebenezer Baptist Church in Atlanta. In 2022 he defeated Herschel Walker in yet another hotly contested battle that went to a runoff.
Raphael Gamaliel Warnock was born on July 23, 1969 in Savannah, Georgia. He was the 11th of 12 children. The family grew up in public housing. His father was a mechanic in the US Army during World War II. After returning from the war, his father opened a car restoration business.
For college Raphael attended Morehouse where he earned a B.A. in psychology. After Morehouse he attended Union Theological Seminary where he earned a Master of Divinity, Master of Philosophy, and Doctor of Philosophy.
Soon after graduating from seminary he became a youth pastor at Abyssinian Baptist Church in New York.
He eventually landed as Senior Pastor at Douglas Memorial Community Church in Baltimore.
In 2005 he became the Senior Pastor at Ebenezer Baptist Church in Atlanta.
Salary and Finances
While at Ebenezer, Warnock earned an annual salary of $275,000. Interestingly, Warnock will actually take a pay cut when he enters the Senate, where first-year Senators earn around $174,000.
According to his federal election financial form, Raphael Warnock's net worth is somewhere around $800,000, depending on current market values of his stock portfolio. His biggest stock asset is retirement account with MMBB that is worth between $500,000 and $1 million. He portfolio has around a dozen other investments that are each worth between $1,000 and $15,000.
2020 Senate Race
In 2019, billionaire Kelly Loeffler was appointed to the Senate by the Governor of Georgia to replace an incumbent who had decided to step down. Loeffler and Warnock ran a tight race in 2020. The November general election results were so close that a runoff was needed.
On January 5, 2021 Raphael Warnock defeated Loeffler in that runoff.
2022 Senate Race
In 2022 Raphael had to defend his Senate seat again, this time against retired NFL player Herschel Walker. Once again Raphael won the general election, but by such a small margin that by Georgia law a run-off was required. Once again, Raphael was triumphant in the run-off and in January 2023 he began serving a six-year Senate term.
In 2005 Raphael paid $125,000 for a modest row-house in Atlanta.
Having firmly established himself in the US Senate for at least another six years, Raphael wasted no time in buying a more permanent residence in the Capital area. In January 2023 Raphael closed on a $1.1 million townhouse in Washington D.C.'s Old City Capital Hill neighborhood.