Senate Wealthiest Members Secretly Form Billionaires’ Club, Forget About Constituents
KEY POINTS
- •Eight US senators are ultra-rich, with estimated net worths around $50 million or more as of 2024 financial disclosures.
- •Six of these wealthy senators are Republicans, half of whom were newly elected in 2024 following GOP recruitment of wealthy businessmen.
- •Senator Jim Justice claims over $1 billion in assets, mostly from coal and The Greenbrier resort, yet reportedly has significant debt.
- •Senators Rick Scott, David McCormick, and Tim Sheehy also top the list, collectively owning luxury real estate, airplanes, and trusts.
Welcome to Capitol Hill, where billionaires now legislatively blend coal mines, luxury resorts, and skateboard-sized private jets. Senator Jim Justice might technically be a broke billionaire, juggling $1+ billion in assets tied to West Virginia’s coal mines and The Greenbrier resort, but with enough debt to make a Fortune 500 CFO sweat. Joining him: Rick Scott of Florida, who owns up to $50 million in planes because apparently flying private is the new campaign trail. David McCormick’s got a $135 million portfolio including a dynasty trust (because why just leave money to your kids when you can also forgo taxes for generations?). Montana’s Tim Sheehy fights fires with drones and a $10 million real estate encore while self-funded GOP newbies dominate the Senate's rich list into 2024. It’s less ‘We the People’ and more ‘We The Trust Fund.’
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When your Senate race is basically a billionaire recruitment program with a hedge fund side hustle and a side of ‘disgust’ at critique, democracy's glossier than ever.
Eight GOP senators worth $50M+ entered politics so they can legally argue why rich people hating is their new civil rights movement.
Turns out your senator’s biggest asset isn’t legislation, it’s a line of credit way beyond your mom’s maxed-out MasterCard.
Source: Businessinsider | Published: 11/27/2025 | Author: Bryan Metzger
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