|Net Worth:||$1 Million|
|Date of Birth:||June 7, 1959 (64 years old)|
|Nationality:||United State Of America|
What is Mike Pence’s net worth? How does Mike Pence make his money? Below is the current net worth of Mike Pence and how Mike Pence makes his money.
What is Mike Pence’s Net Worth?
Mike Pence is an American politician who has a net worth of $1 million. Mike Pence is arguably most recognized for serving as Donald Trump’s vice president and as the previous governor of Indiana.
In August 2016, Mike Pence disclosed that he had a low net worth, the majority of which was made up of a pension of about $500,000. His salary as governor of Indiana, which was $173,860 in 2015, served as his main source of income prior to becoming vice president.
Pence was an Indiana talk-radio presenter before he entered politics. He was conceived on June 7, 1959, in Columbus, Indiana. Hanover College awarded him a bachelor of arts in history, and Indiana University’s law school awarded him a JD.
In the late 1980s and early 1990s, Mike unsuccessfully ran for congress multiple times. His first election victory came in 2000. Before being chosen as Indiana’s governor, he served in congress from 2000 to 2012.
Since their union in 1985, he and his wife Karen have had three children. Although he was raised Catholic, he converted to a nondenominational form of Christianity in college.
A financial disclosure document published in 2016 shows that Mike and his wife Karen earned a combined $113,026 in adjusted gross income ($173,860 before deductions) in 2015.
Mike’s income as Indiana’s governor provided the majority of that. Additionally, they received about $9,000 from a pension fund. They claimed to have incurred debts of $80,000 for the education of their children and $3,500 in losses due to Karen’s company, That’s My Towel Charm, Inc.
They made at least $100,000 each year between 2009 and 2016 on average. They received $187,000 in 2009 and 2010. The Pences joined Donald Trump’s presidential campaign amid dire financial straits, according to a book published in 2019.
Karen reportedly lost her cool with Pence on election night: “Mike, what are you going to do? Money is not an issue for us! Who will cover the cost of my inaugural robe? “.
In the same book by Tom LoBianco, it is said that at some point in the years prior to being elected vice president, Mike lost $1 million that he had inherited from his father due to unsuccessful investments.
Additionally, he lost almost $700,000 in stock he owned in the gas station company owned by his family that filed for bankruptcy in 2001.
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