Mike Pence Net Worth
Mike Pence net worth and salary: Mike Pence is an American politician who has a net worth of $1 million. Mike Pence is probably most widely known for being Donald Trump's Vice President and the former governor of Indiana. As part of his financial disclosure, Mike Pence announced in August 2016 that he has a modest net worth that is mostly made up of a pension that was worth roughly $500 thousand. His primary source of income prior to becoming VP was his Indiana governor's salary which in 2015 came to $173,860. Prior to entering politics, Pence was a talk-radio host in Indiana. He was born on June 7, 1959 in Columbus, Indiana. He earned a bachelor of Arts degree in history from Hanover College then a JD fro, Indiana University's school of law. Mike ran for congress several times during the late 80s and 90s, but lost. He won his first election in 2000. He served in congress from 2000-2012 until he was elected governor of Indiana. He has been married to his wife Karen since 1985, and they have three children. He was raised Catholic but became a born-again nondenominational Christian while in college.
According to a financial disclosure released in 2016, Mike and his wife Karen earned a combined $113,026 in adjusted gross income in 2015 ($173,860 before deductions). The majority of that came from Mike's salary as governor of Indiana. They also earned around $9,000 from a pension fund/annuity. They claimed a $3,500 loss connected to Karen's business That's My Towel Charm, Inc. and $80,000 worth of debt related to their children's education. Every year between 2009 and 2016 they earned at least $100,000. In 2009 and 2010 they earned $187,000.
According to a book released in 2019, the Pences were financially destitute when they joined Donald Trump's Presidential campaign. On the evening of the election, Karen reportedly blew up at Pence: "What are going to do Mike?? We don't have any money! Who's going to pay for my inaugural gown?". According to the same book, by Tom LoBianco, at some point in the decades before becoming VP, Mike lost $1 million he had inherited from his father on failed investments. He also lost around $700,000 in stock he held in his family's gas station business which went bankrupt in 2001.
|Net Worth:||$1 Million|