Forbes estimates that Steve Scalise net worth is about $350,000.
Scalise’s wealth mainly comes from his long career in government.
He started in the Louisiana State House of Representatives in 1996, then moved to the state Senate in 2008.
A few months later, he entered the U.S. House of Representatives.
He served as whip for the Republican House majority from 2014 to 2018 and later became House majority leader.
Most of Scalise’s wealth comes from his federal pension, his biggest asset.
With 15 years of service in the House, he’s eligible to receive an estimated $46,000 per year from the federal government for life, starting at age 62.
Forbes estimates this pension to be worth about $350,000 if Scalise were to sell it today.
Apart from pensions, Scalise owns a modest home in Louisiana Parish, which he acquired in 1998.
However, he owes more on the property than it’s currently worth because of mortgages and loans.
He doesn’t seem to have many other assets besides a bank account and a personal loan.
His wife earns a salary from a travel agency but doesn’t have any significant assets.
If elected speaker, Scalise will have important responsibilities, including preventing a government shutdown.
However, he and other members of Congress would continue to receive their salaries, even in the event of a shutdown.
Steve Scalise Career
Steve Scalise is an American politician who has been serving as the House majority leader since 2023 and as the U.S. representative for Louisiana’s 1st congressional district since 2008.
He is a member of the Republican Party and previously served as the House majority whip from 2014 to 2019 and the House minority whip from 2019 to 2023.
Before being elected to Congress, Scalise had a brief stint in the Louisiana State Senate and served three terms in the Louisiana House of Representatives.
He chaired the House Republican Study Committee from 2013 to 2014.
In June 2014, his Republican colleagues elected him majority whip of the United States House of Representatives, making him the first Louisianian in that position since Hale Boggs from 1962 to 1971.
Following Senator David Vitter’s retirement in 2017, Scalise became the dean of the Louisiana congressional delegation.
Scalise’s district includes suburbs of New Orleans such as Metairie, Kenner, and Slidell, as well as a portion of New Orleans itself.
During practice for the Congressional Baseball Game in June 2017, an anti-Trump domestic terrorist targeting Republicans shot and seriously wounded Scalise.
After months of treatment, he returned to Congress in September of the same year.
In October 2023, Scalise won the Republican nomination for the Speaker of the House election after Kevin McCarthy’s removal.
However, he withdrew from the race the next day after failing to gather enough votes.
How did Jim Jordan make all his money?
According to the Net Worth Club, Jordan earns close to $1 million per year through various business ventures and consulting jobs.
He reportedly owns more than 10 rental properties, generating $710,000 in rental income annually.
The total value of these properties is said to be over $8 million.
You can read this extensive article on how Jim Jordan made his fortune.
Steve Scalise wife
Jennifer Ann Letulle married Steve Scalise on March 19, 2005.
They have two children together.
Steve Scalise was born in New Orleans to Alfred Joseph Scalise, a real estate broker who passed away on October 8, 2015, at the age of 77, and Carol Schilleci.
He has two siblings named Glenn and Tara Scalise.
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