Liz Cheney may have taken a clobbering in her bid for reelection, but she does have some good news behind it all.
During the 6 1/2 years she spent in Congress, she increased her wealth by a cool $36 million dollars. And she managed to do that on an annual salary of $174,000 dollars a tear.
Not too shabby. In her first year alone, her wealth increased from $7 million to $14 million. She may not compare to Lincoln but she does compare to Hunter Biden.
Rep. Liz Cheney’s (R-WY) net worth ballooned from an estimated $7 million when she first took office in 2017 to possibly more than $44 million in 2020, according to analysis from the Center for Responsive Politics and her most recent financial disclosure forms.
Depending on where she falls in the ranges in her latest financial disclosure forms, that could represent as much as a 600 percent increase in her net worth in just a few short years in Congress–a massive boom for an already-independently wealthy political scion of the powerful Cheney family which counts among its most powerful her father, former Vice President of the United States Dick Cheney.
During Cheney’s first term in office, from 2017 to 2018, her net worth grew from the 71st ($7,036,013) to the 24th ($14,710,513) wealthiest member in the U.S. House of Representatives, the Center for Responsive Politics analysis shows.
Since then, Cheney’s net worth has continued to grow–perhaps significantly.
According to her 2020 Personal Financial Disclosure former, Cheney declared her net worth was estimated between $10,422,023 and $44,140,000 stemming from assets valued between $10,432,024 and $44,155,000. Cheney reported no earned income, gifts, or transactions.
Yet Cheney declared she held three posts, which include a trustee position at the University of Wyoming, a member of a holding company, and what appears to be her family’s trust.
The documents are reported in ranges, so it is unclear at this time exactly how close she falls to the top of the broader range, but even if her worth is the lower end, she still significantly increased her net worth while in office.
That means it took her 49 years to amass $7 million dollars or the same amount she made in her first year in Congress.