Don’t Feel Sorry for Liz Cheney – She Increased Her Wealth by $36 Million After Serving Just 6.5 Years in Congress
Don’t feel sorry for Liz Cheney. She’s doing just fine.
Liz Cheney earns $174,000 per year as a member of Congress.
Cheney entered Congress in January of 2017.
Just two years later Speaker Paul Ryan elevated her to the Chair of the House Republican Conference. Ryan did this knowing she detested President Donald Trump as much as he did.
In 2018 her estimated net worth — per OpenSecrets — was nearly $15 million.
Cheney reportedly was worth $7 million in 2017.
Liz Cheney today is worth an estimated $44 million.
What a haul!
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.