Tom Emmer, an American politician, has a net worth of $300,000.
He has not disclosed his finances since 2018, when he estimated his net worth at $32,000, the lowest it had been between 2013 and 2018.
This made him the 315th richest member of Congress.
His net worth was highest in 2013 at $515,000, dropping to $440,000 the next year, then $165,000, and finally $32,000 in both 2017 and 2018.
In his 2018 disclosure, Emmer’s main assets were a rental property in Delano, Minnesota, valued at $100,000 to $300,000, and an IRA valued at $15,000 to $50,000.
His largest liabilities were two loans, each ranging from $100,000 to $250,000, one of which was for his primary residence.
Emmer has been a member of Congress since 2015, representing Minnesota’s 6th district.
He gained national attention in October 2023 when he was selected as the GOP’s top candidate to replace former House Speaker Kevin McCarthy.
If elected, he would be second in line for presidential succession.
Emmer is known for being one of the most vocal advocates of cryptocurrency in Congress.
Career
Emmer’s career began in law, where he represented municipalities through organizations like the League of Minnesota Cities Insurance Trust and the League of Minnesota Counties Insurance Trust.
He dealt with cases involving police officers, volunteer firefighters, city and county inspectors, and land use issues.
He was licensed to practice law in Minnesota, North Dakota, and Wisconsin.
Tom served on city councils in Independence and Delano, Minnesota.
Emmer entered the Minnesota House of Representatives in 2004, succeeding Republican State Representative Dick Borrell in District 19B.
He won reelection in 2006 and 2008. During his time in the legislature, he regularly commuted to the Capitol by bus and served on various committees, including Finance, Health Care and Human Services Policy and Oversight, and State and Local Government Operations Reform, Technology, and Elections.
In 2010, Emmer ran for governor of Minnesota. He received endorsements from prominent figures like Sarah Palin, Tim Pawlenty, and Carol Molnau.
He won the Republican primary with a significant margin but faced challenges in the general election against former U.S. Senator Mark Dayton and Independence Party candidate Tom Horner.
Despite a close race and a recount, Emmer conceded the election in December 2010.
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