After being honorably discharged from the Marine Corps, Pence joined Kiel Brothers Oil Company in 1988, after his father died, and served as its president from 1998 to 2004. She and her supporters will know if the general public feels the same way in just a matter of weeks. Mike Pence's net worth. NEW: Pence adviser Greg Jacob intends to publicly testify at a hearing next Thursday, June 16, according to a source familiar with the panel's schedule. Pence is a millionaire, but barely. wid: "393218", Gregory Jacob, a senior Pence adviser, meanwhile, is . the book says (via Celebrity Net Worth). See more onWilliam Barr,Steven Mnuchin, Wilbur Ross and Betsy DeVos. He made a third run for Congress and won. Mike Pence is a man who prefers to work for the greater good of the United States of America. No one on the planet is more assured to win this year, one Republican said. He has a pure loving kind heart . But much of his money comes from his wifes side of the family: His father-in-law is Monte Ahuja, head of Mura Holdings and founder and CEO of Transtar. Greg along with his other three brothers rode wagons in the presidential campaign for Barry Goldwater in the year 1964. 2023 NYP Holdings, Inc. All Rights Reserved, Date set for first Republican presidential primary debate in Milwaukee, Jared Kushner, Ivanka Trump slapped with subpoenas by special counsel investigating Capitol riot: report, DOJ searches Mike Pences nonprofit group office and comes up empty, Mark Meadows subpoenaed by special counsel probing Jan. 6: reports. Greg Pence (Gregory Joseph Pence) was born on 14 November, 1956 in Columbus, Indiana, United States, is a U.S. Representative from Indiana. You also have the option to opt-out of these cookies. His great grandfather made a fortune in film, banking and liquor. 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. [13] On May 8, 2018, Pence won the Republican nomination for the U.S. House seat his brother Mike had held for 12 years. All of them are Nicole, Lauren, Emily, and John. According the Center for Representative Politics, Greg Pence's net worth is valued at just over $12 million. Copyright 2023 CQ Roll Call. Such personal spending was legal then (though it has since been banned) but proved unpopular with voters. However, Greg Pence also earns some amount of money through some of his businesses. Victoria Spartz (Republican Party) is a member of the U.S. House, representing Indiana's 5th Congressional District.She assumed office on January 3, 2021. The next year, with the company bankrupt, the value of those shares dropped to zero. Pence came under attack in July 2020 when ABC News reported that he was allowing the sale of "objects with racist depictions of African Americans" at his antique malls. Origin of wealth: Biotech, ceramics, health care, New Yorks real median household income: $64,894. Forbes reported in July that Mike Pence is worth around $1.2 million, a paltry estate when compared to the fortunes of others in the Trump administration, such as Betsy DeVos, Steven Mnuchin, and Wilbur Ross. Wanna follow Greg Pence's net worth? In fact, some of those candidates we . [12] They have four children and nine grandchildren. In astatement cc'd to attorney Charlie Spies, Greg shared that the mall has a policy that "does not allow items that promote or glorify hatred, violence, racial, sexual, or religious intolerance, or promote organizations with such views.". Origin of wealth: Internet startups, tech, Washingtons real median household income: $70,979. We have estimated Greg Pence's net worth , money, salary, income, and assets. Longtime employees said the antique mall hasnt changed much since the Pences took over in 2006, except that theyve increased newspaper and television advertising. The Exit 76 mall has 15 employees, while the smaller one in Bloomington has 12. Currently, he has been providing his services for Indianas 6th congressional district as the US Representative since January 3, 2019. Washington, Let's investigate. The oldest of six siblings,Pence served four years in the Marine Corps, experience thats featured prominently in his ads. However, he's actually the younger Pence sibling. Greg Pence, Mike Pence's brother, launches run for Indiana U.S. House seat - Washington Times Skip to content America's Newspaper 1 Subscribe Sign In News Policy Commentary Sports Sponsored. Pence has one the modest net worth, although he served in high ranks in politics. . The home was first listed on April 1 and the former VP placed an offer a week later. Pence earned nearly $112,000 in his final year as governor, so Indiana will owe him around $35,000 per year starting at age 62, an income stream worth at least $500,000. Everybody thinks, Oh, hes not going to be involved, Bishop said when asked if Pences new pastime as a candidate takes him away from the mall. Ed Perlmutter is a member of Politician. Estimated net worth: Between $5-$25 million, Indianas real median household income: $51,181. So, how much is Greg Pence worth at the age of 66 years old? From 2001 to 2013, he served as a member of the U.S. House of Representatives. 1 year later, we remember. For permission to reprint for commercial uses, He later became the companys CEO. Mike has a worth of just around $1.2 million. Today, we honor the 13 brave and selfless American heroes who upheld their oath to our Nation. What would you expect to be the net worth of the Vice President of one of the wealthiest countries in the world? Rent at one of the 600 booths at the Edinburgh mall starts at $189 per month, and he takes a commission from each sale made. For his 12 years in the House and two years as Vice President, Pence is currently eligible to receive an estimated $50,000 a year from the federal government for the rest of his life. They are both collectively owned by Pence Group LLC. A large part of his net worth comes from pensions as he is a government employee. EmployeessaidPence stops in three or four times a week when hes in town. Also find out how he got rich at the age of 64. Theyre mostly stale enterprises with not much life, said one vendor of the antique mall model. If Pence has been making regular contributions, he could have hundreds of thousands in additional funds stashed in a plan that ethics laws do not require public officials to disclose. Please only use it for a guidance and Greg Pence's actual income may vary a lot from the dollar amount shown above. The only signs of Pence were framed newspaper clippings about him and his wife, Denise, purchasing the store in 2006 that hung in the concession area and one red-and-yellow Greg Pence lawn sign tucked into the corner of a conference room. Trump also hailed the Republican . This is because candidates are not required to disclose their spouses assets. [6][12], Pence was the finance chairman in U.S. Representative Luke Messer's 2018 campaign for the U.S. Gregory Pence was born on 09/14/1958 and is 63 years old. Pence owns and operates antique malls in southern Indiana. This fortune is mostly made up of a pension worth around $500,000. (Beer people. He knows exactly whats going on here, she said, adding that shes in communication with him every day. "Vendors can't sell underwear," wrote Simone Path, of the aforementioned 2018 Roll Call article. Facts: Currently, Greg Pence has been serving the Republican Political Party. Greg Pence received his BA degree in Theology as well as Philosophy from Loyola University Chicago. DC And when Pence leaves office in 2021 or 2025, the public will remain on the hookeven if he follows his predecessor, Joe Biden, and rakes in millions from books and speechessince Pence will be right at the governments retirement age, ready to start cashing in on his government pensions. He earned an average income of about $173,860 in 2015. 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. Compare Nancy Pelosi's Net Worth Nancy Pelosi is the only woman in U.S. history to hold the position of Speaker of the United States House of Representatives, a role she has served in from . Mike Pence Net Worth . While most elected national representatives make an annual base salary of $174,000, Congressional leaders like the Speaker of the House make more (She makes $223,500). We have estimated Greg Pence's net worth, money, salary, income, and assets. We know that Gregory's political affiliation is none; ethnicity is Caucasian; and religious views are listed as . Pence left Congress in 2013 to become governor of Indiana. Heres the one guy who doesnt need money.. He ran in the 2018 General Election and eventually won the election. His battalion was stationed in Beirut in the year 1983. 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. Open Secrets following the money in politics, OpenSecrets Following the money in politics. Pence makes his money from renting booths, of which there are about 600 at the Edinburgh store. 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. A living legacy of the famous Kennedy family, Kennedy is a lawyer by trade. [20][21], This article is about the U.S. Representative from Indiana. The sale closed on May 25. }; Booths start at $189 a month. Mike Pence Net Worth: Michael Richard Pence, an American politician born on June 7, . Mike Pence doesnt have all that much to his name. The freshman congressman reported to the Clerk of the U.S. House of Representatives last year that the assets he was required to list were valued between $38.7-$92.9 million. A few years later, in 1983, he completed his masters degree in Business Administration from the same Loyola University Chicago. Read more in our series: Attorney General Bill Barr's $40 Million Fortune. Pence is running on a national name that has been rehabilitated by the former governors departure from the state. Who is Vice President Mike Pences brother Greg Pence? Unlike those quite wealthy public servants, whose net worths stack up past the hundreds of millions and into the billions, Mike Pence has not devoted much of his time to acquiring private sector earnings. Congress passes laws for their own benefit, and theyll never shortchange themselves.. Mike's older brother,Greg Pence, on the other hand, isn't relying on taxpayer-funded pensions for his retirement. Greg Pence was born as Gregory Joseph Pence on November 14, 1956, in Columbus, Indiana, USA. North Dakotas real median household income: $61,843. in theology and philosophy and a Master of Business Administration in 1983 from Loyola University Chicago. var qs = Object.keys(params).reduce(function(a,k){a.push(k+'='+encodeURIComponent(params[k]));return a},[]).join(String.fromCharCode(38)); His daughter, Charlotte released a book, Marlon Bundo's: A Day in the Life of the Vice President. By 2013, around the time the couple moved into the Indiana governors mansion, they had sold their modest, three-bedroom home outside D.C. and their 1,400-square-foot residence in their hometown of Columbus, Indiana. Along with another smaller antique mall in nearby Bloomington, this 72,000-square-foot mall is Pences largest asset. After failing in his 1988 and 1990 congressional campaigns, he went on to . He has been the states most senior senator since 2011. Origin of wealth: Co-founder of Bain Capital, Utahs real median household income: $68,358. Politician and Democrat who became the U.S. Representative for Colorado's 7th congressional district in 2007. The value of the two antique malls, organized as Pence Group LLC, is somewhere between $5 million and $25 million, according to Pences financial disclosure form, filed with the Clerk of the House in January. Vice President Mike Pence and his older brother, Greg, sure have a lot in common. Greg Pence officially kicked off his professional career in the year 1979 after being commissioned in the Marines. So, how much is Greg Pence worth at the age of 65 years old? He is an Former Vice President of the United States. . Another spokesperson explained, "The oil and gas industry changed rapidly in the 1990s and early 2000s, and many small, independent companies like Kiel Brothers were not able to survive.". All rights reserved. These programs, long exploitedby career politicians, have drawn conservative ire for years. In 2006, Pence hit his fifth year of federal servicemaking him eligible for a federal pension, a guaranteed stream of income in retirement. Worth: $ 0.14: 1 penny, 1985-1992. 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. The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. [16], Pence and his wife, Denise, own two antique malls. Roll Call reported in 2018 that the majority of his wealth comes from a pair of antique malls in his home state of Indiana. This is another attempt by the liberal media to rehash old, baseless attacks." cb: (new Date()).getTime() In 2019, Forbes also reported that Pence doesn't own a home and "hasn't saved much besides $65,000 in index funds, at most, and less than $15,000 in a bank . Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org. Moreover, he doesn't seem to own a home and hasn't saved much besides $65,000 in index funds, at most, and less than $15,000 in a bank account. Estimated net worth: Between $36-$92 million, Oklahomas real median household income: $50,051. Pence and his wife held a rally outside the Exit 76 Antique Mall for his brother and Trump a week before the 2016 presidential election, but his employees said he doesnt do politicking in the store. [7] Through the company, he also ran a chain of gas stations and convenience stores. But one item on the floor recently caught his eye. So, here is Donald Trump's vice president, Mike Pence's net worth. [5] [6] He earned a commission in the Marines in 1981 after receiving his undergraduate degree and served for five and a half years, rising to the rank of first lieutenant. But according to Greg Pence's team, the congressman is not actively involved in choosing the inventory sold at his malls. The former tax and environmental litigator made great money in his private legal practice, but marrying the head of a major private equity firm didnt hurt, either. He has six other siblings and is the eldest one. such as textbooks, contact OpenSecrets: info[at]crp.org. It is a huge amount. Instead he has spent two decades earning government paychecksand banking onhefty, taxpayer-funded plansto cover his retirement. Most people dont get that kind of golden handshake, says Grover Norquist, president of the right-leaning Americans for Tax Reform. Mike Pence: Net worth. Greg Pence, net worth $12.6 million, received a loan of $79,441 for his Pence Group, LLC, which he valued on his financial disclosure as worth between $5 and $25 million. At a minimum, that would mean the mall is bringing in at least $113,4000 from renting out the booths, but it's unclear how much of that comes back to Greg himself, since some of that is presumably used for operating costs. After the business fell under, Greg became the deputy commissioner of the Department of Environmental Management, which is the same agency that was againstKiel Brothers Oil Co in a legal battle. Greg Pence, as well as his wife Denise Pence, are a huge supporter of Donald Trump. 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