People Want to Know Mitch McConnell’s Net Worth in 2022.As a result, we’ve updated our page with Mitch Mcconnell’s net worth, career, personal life, and other details. Addison Mitchell McConnell III is a retired lawyer who is the senior United States Senator from Kentucky and the Senate Minority Leader since 2021.
Mitch McConnell’s Early Life
Addison Mitchell Mcconnell III was born in Sheffield, Alabama, on February 20, 1942. Julia Shockley was his mother, and Addison Mitchell McConnell II was his father. McConnell was paralyzed in his upper left leg after contracting polio as a child. He was treated at Roosevelt Warm Springs Institute for Rehabilitation, which kept him from being disabled for the rest of his life.
In 1956, his family relocated to Louisville, Kentucky, where he attended Dupont Manual High School. During his senior year, he was elected president of the student council. Following high school, he attended the University of Louisville, where he graduated with honours with a Bachelor of Arts degree in political science in 1964.
Mitch McConnell’s Career
Mcconnell enlisted as a private in the United States Army Reserve in 1967. However, because of his optic neuritis, he was deemed medically unfit for military service. From 1968 to 1970, Mcconnell worked in Washington, D.C., for Senator Marlow Cook as his Chief Legislative Assistant. He was in charge of a legislative department with five members and helped the senator write speeches and help his constituents.
Mcconnell decided to return to Washington in October 1974 to serve as Deputy Assistant Attorney General under President Gerald Ford. Mcconnell then served as Jefferson County’s Executive Judge from 1977 to 1984. He then ran for a seat in the United States Senate, defeating two-term incumbent Walter Dee Huddleston by 3,437 votes out of 1.2 million cast.
McConnell served as Chairman of the National Republican Senatorial Committee from 1997 to 2001. He rose to prominence as a skilled political strategist and tactician. He was elected Majority Whip for the first time during the 108th Congress and was re-elected the following year. He was elected Senate Majority Leader after Republicans took control of the Senate following the 2014 Senate Election.
McConnell became the longest-serving United States Senator from Kentucky in history in June 2018. Throughout his tenure, he has become well known for a wide range of conservative viewpoints. Though his early views on abortion, unions, and civil rights were more moderate, his views have evolved over time to become more socially conservative.
During the Obama administration, he led the opposition to Obamacare. McConnell also opposes stricter gun control measures and climate change mitigation efforts. He backed President Trump’s initiatives to improve border security, promote free trade agreements, and lower taxes, including the Tax Cuts and Jobs Act of 2017.
In the 2020 election, Mcconnell will face Democratic nominee Amy McGrath, a former Marine, and Libertarian nominee Brad Baron, a farmer and businessman. On November 3, McConnell was elected to his seventh term after defeating McGrath. In his career as a Kentucky senator, he has won every county in the state.
Though a conservative, McConnell’s relationship with President Trump became strained throughout his presidency and deteriorated further after Joe Biden won the 2021 presidential election. Though he initially refused to acknowledge Biden’s victory, McConnell later congratulated President Biden and chastised Trump for his actions leading up to the storming of the United States Capitol in 2021.
Mitch McConnell’s Personal Life
In 1968, McConnell married his first wife, Sherrill Redmon. Before divorcing in 1980, the couple had three daughters together. In 1993, McConnell married his second wife, Elaine Chao. Chao served as Labor Secretary under President George W. Bush and then as Transportation Secretary under President Donald Trump.
In March 2013, he was inducted into the Sons of the American Revolution, and he serves on the Board of Selectors for the Jefferson Awards for Public Service.
McConnell is widely regarded as one of the wealthiest members of Congress. His fortune grew even more in 2008, thanks to a personal gift from his father-in-law, James Chao, following the death of his wife’s mother. In both 2015 and 2019, “Time” magazine named him one of the world’s 100 most influential people.
Mitch McConnell’s Family Wealth
From 1968 to 1980, Mitch McConnell was married to Sherrill Redmon. They shared three children. In 1993, he married Elaine Chao. Elaine has served as Labor Secretary under George W. Bush and as Transportation Secretary under Donald Trump.
Elaine’s father, James S. C. Chao, is a very wealthy Chinese-American shipping magnate. James founded The Foremost Group, a shipping company based in New York that operates a fleet of 33 ships. Before debt, Foremost is estimated to be worth $1.2 billion.
The Chao Family’s stake in Foremost is estimated to be worth $600 million after debt and investments from China’s Export-Import Bank and Taiwan’s First Commercial Bank. Elaine has one younger sister, Angela, who works as the CEO.
Mitch McConnell’s net worth was $3 million prior to 2007. Mitch and Elaine’s personal net worth increased to $12.7 million in 2007 after receiving an inheritance estimated at $5 to $25 million following Elaine’s mother’s death. Mitch is now one of the wealthiest members of Congress, with a net worth of over $35 million.
Mitch McConnell’s Net Worth
Mitch McConnell is a conservative American politician with a net worth of $35 million as of 2022. Mitch McConnell has served in the United States Senate as both the minority and majority leader, and he is the state of Kentucky’s longest-serving senator.
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