What is Kevin Hern net worth? In 2024, Kevin Hern is worth around $360,979,615.
Hern amassed his wealth through various endeavors, including banking, real estate, manufacturing, and sports.
He invests in industries like electronics manufacturing and equipment, pharmaceuticals, and health products.
In 2018, his top assets were KTAK Corp., valued at $37,500,000, and CT BTs, worth $3,000,000.
Kevin Hern tends to buy military companies before they become public knowledge.
For example, he purchased Lockheed Martin stocks in August 2021.
Just two weeks before Lockheed Martin won a $10.9 billion Air Force contract, he invested another $100k in their stocks.
As a member of the Committee on Ways and Means, he bought and sold FS Investments, which had lobbied Congress on taxation issues.
He made a profit of 33.2% when he sold it.
Recently, Kevin Hern bought shares in Raytheon, a weapons manufacturer, before the conflict in the Middle East between Israel and Gaza began.
He also invested in energy stocks like NEE, XOM, PXD, and DVN, which are likely to benefit from wars.
Like many in Congress, Kevin Hern faces financial conflicts because of his investments.
They also receive substantial lobbying and donations from military companies and PACs, making it challenging to track their financial activities.
Kevin Hern Career
Kevin Ray Hern, born December 4, 1961, is an American businessman and Republican politician representing Oklahoma’s 1st congressional district in the U.S. House of Representatives.
Initially, from Missouri and raised in Arkansas, he graduated from Arkansas Tech University in 1986.
After his brief studies at the Georgia Institute of Technology, he worked for McDonald’s.
By 1997, he owned his first McDonald’s franchise, later earning an MBA from the University of Arkansas, Little Rock, in 1999.
Relocating to Oklahoma, he expanded his franchises to 18.
Hern entered politics in 2018, winning a seat in the House.
He chaired the Republican Study Committee in 2023 and competed for Speaker of the House.
Kevin Hern Businesses
Apart from his restaurant ventures, Kevin Hern also initiated various other businesses in Oklahoma, including a hog farm, a community bank, and multiple high-school sports publications.
In 2019, he owned a company producing decor and furniture for major U.S. fast-food chains, making him the wealthiest serving congressman from Oklahoma.
By 2023, his assets were valued between $36 million and $110 million.
During the COVID-19 pandemic, Hern’s KTAK Corporation received between $1 million and $2 million in federally backed small business loans from American Bank and Trust through the Paycheck Protection Program, aimed at retaining 220 jobs.
This loan drew attention since Hern openly opposes deficit spending.
In 2018, he advocated for a balanced budget, stating, “While there is no easy fix to this, the first step is clear: stop adding to it.”
However, in 2020, he defended the loan, remarking, “This isn’t a bailout. It’s a repayment of what the government has taken away from American workers and businesses.”
KTAK runs franchises, and during negotiations for the Paycheck Protection Program, Hern advocated for increased aid to franchises.
Hern ranked seventh in the United States House of Representatives for the total number of stock trades conducted while in office from January 2020 to January 2022. He was found to have violated the STOCK Act in 2021.
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