Inside the Senate’s Ultra‑Wealthy Club: Eight Senators Reporting $50M+ in 2024 Disclosures

Members of Congress are, on average, wealthier than the general public — and a small group in the Senate stands out as exceptionally well-off. Based on each senator’s latest annual financial disclosure covering 2024, eight senators report minimum asset totals of roughly $50 million or more. Six of the eight are Republicans, and four were first elected in 2024. Disclosures report value ranges and include assets owned by spouses; personal residences are often excluded or reported in ranges, so the figures below represent conservative minimum estimates.

Sen. Jim Justice (R‑West Virginia)

On paper, Jim Justice is the wealthiest senator, disclosing more than $1 billion in assets in 2024. Much of that value is tied to coal and mining interests and the Greenbrier resort. However, his billionaire status has been questioned by prior reporting: Forbes removed him from its billionaire list in 2021 after documenting substantial debts, and later reporting suggested his companies faced heavy liabilities. Justice served as West Virginia governor beginning in 2017 and was elected to the Senate in 2024.

Sen. Rick Scott (R‑Florida)

Rick Scott’s disclosure lists a broad range — roughly $243 million to $744 million. Large items include his Naples residence and multiple private aircraft (each reported in the $25 million–$50 million band), with the balance largely in investment funds. Scott entered statewide politics as Florida governor in 2010 and won a Senate seat in 2018.

At a July hearing on a proposed ban on stock trading, a colleague quipped about billionaires on the committee; Scott later defended private wealth, saying criticisms of lawmakers’ financial success were "disgusting" and that making money should not be a political liability.

Sen. David McCormick (R‑Pennsylvania)

McCormick’s 2024 disclosure shows at least $135 million in assets, including more than $50 million in equity tied to Bridgewater, where he served as CEO. He also reported a Colorado ranch valued between $25 million and $50 million, additional high‑value properties, significant bond holdings, and a dynasty trust. His liabilities were reported in a wide range ($14 million–$66 million), including a mortgage and a 2024 line of credit. McCormick was elected in 2024 after defeating the incumbent senator.

Sen. Tim Sheehy (R‑Montana)

Sheehy’s filings indicate a minimum net worth near $100 million and potentially more than $300 million. His ownership interest in Turtle Lake Holding Company — which holds millions of shares in Bridger Aerospace, the firefighting company he founded — is reported at over $50 million. He also disclosed Montana properties and a mortgage liability. Sheehy was elected in 2024.

Sen. Mark Warner (D‑Virginia)

Mark Warner is the wealthiest Democratic senator, with a reported range of roughly $76 million to $303 million. Much of his wealth is invested in diversified funds and bonds, including sizable holdings in the SPY exchange‑traded fund and municipal bonds. Warner served as Virginia governor and worked as a venture capitalist before joining the Senate in 2008.

Sen. Pete Ricketts (R‑Nebraska)

Pete Ricketts’ disclosure places him between about $74 million and $293 million. A significant portion stems from Charles Schwab stock that replaced his family’s TD Ameritrade holdings after the 2020 acquisition. He also owns residences in Omaha and Washington, D.C., each reported in the $1 million–$5 million range. Ricketts was appointed to the Senate in 2023 after previously serving as Nebraska’s governor.

Sen. Richard Blumenthal (D‑Connecticut)

Richard Blumenthal and his wife reported at least $70 million in assets, making him the second‑wealthiest Democrat in the chamber. Most of that wealth appears to derive from investments held by his wife, Cynthia, who is connected to the Malkin family and its real estate holdings. Blumenthal was elected to the Senate in 2010.

Sen. Bernie Moreno (R‑Ohio)

Bernie Moreno’s 2024 filings report minimum assets of about $50 million, primarily from real estate holdings — including residences in Florida and Washington, D.C., and land in Ohio — and mutual fund investments. Before entering politics, Moreno owned auto dealerships and founded a blockchain firm. He was elected to the Senate in 2024.

These eight senators represent the conservative minimums derived from 2024 disclosure ranges; many other senators are multimillionaires by the same measures. Because disclosure rules allow ranges and omit some precise valuations, the reported totals should be interpreted as conservative estimates rather than exact net worths.