Mike Pence Net Worth
$1 million
| Name | Mike Pence |
|---|---|
| Date of Birth | June 7, 1959 |
| Age | 62 years old |
| Height | 5 ft 8 inch (1.78m) |
| Profession | Politicians |
| Nationality | American |
| Religion | Catholicism |
| Net Worth | $1 million |
Mike Pence Introduction
Michael Pence is a famous American politician, broadcaster, and attorney who worked as the United States’ 48th Vice President from 2017 to 2021.
He was the Republican Party’s 50th governor of Indiana from 2013 until 2017. Pence previously served in the House Of Representatives from 2001 until 2013.
Mike Pence Early Life And Education
Michael Richard Pence was born in 1959, on the 7th, of June in Columbus, Indiana, to Ann Jane “Nancy” Cawley and Edward Joseph Pence Jr., who owned a chain of gas pumps. During the Korean War, his father fought in the United States Army and was awarded the Bronze Star, which Pence has in his office along with a recommendation note and a reception picture.
His dad is of German and Irish origin, while his mother is Irish. Edward Joseph Pence, Sr., his paternal grandpa, worked at the Chicago stockyards. He was named after his maternal grandfather, Richard Michael Cawley, who immigrated to the United States from Doocastle, County Mayo, Ireland, through Ellis Island, pursuing an aunt and his brother James, becoming a bus driver in Chicago, Illinois. His biological grandmother’s parents originated in Doonbeg, County Clare, Ireland.
In 1977, Pence finished Columbus North High School. In 1981, he received a Bachelor of Arts in history from Hanover College, and in 1986, he received a Doctorate Degree from the Robert H. McKinney School of Law at Indiana University–Purdue University Indianapolis. He became the chapter president of the Phi Gamma Delta fraternity while at Hanover. From 1981 until 1983, after graduating from Hanover, he worked as an admissions counselor at the institution.
Pence, like the rest of his family, was a Roman Catholic and a Democrat during his boyhood and early adulthood. He worked for the Bartholomew County Democratic Party in 1976 and supported Jimmy Carter in the 1980 presidential campaign, and he has stated that personalities like John F. Kennedy and Martin Luther King Jr. motivated him to get engaged in politics. Pence abandoned the Catholic Church while in college becoming an evangelical, conceived Christian, much to his mother’s chagrin. During this period, his political beliefs began to tilt to the right, which He attributed to the “common-sense conservative of Ronald Reagan” with which he came to identify.
Mike Pence Personal Life
Michael R. Pence was born on June 7, 1959, in Columbus, Indiana, as one of six children of Edward and Nancy Pence. He studied at Hanover College, where he earned a bachelor’s degree in politics in 1981 before going on to Indiana University School of Law, where he met his wife, current second lady Karen Pence.
During his undergraduate years, Pence also confirmed his Christian faith, which has characterized his career in politics and “remains the guiding force in his life,” according to the White House website. Michael, Charlotte, and Audrey Pence are Pence’s three children.
Mike Pence Age, Height, & Weight
Being born in 1959, on the 7th, of June “Mike Pence” age is 62 years old as of today date and his height is 5 feet 8 inches tall, (1.78 m) and his weight is 70 kilograms and (154 lbs) in pounds as of 2022.
Mike Pence Political Career
Mike Pence began politics in 2000, when he was 40 years old, as a state lawmaker for Indiana. According to his official White House biography, he was elected six times on a platform of “limited government, budgetary discipline, economic growth, educational opportunity, and the United States Constitution.”
Pence resigned from his position on Capitol Hill in 2013 and returned to Indiana to become the 50th governor of the Hoosier State. He ultimately moved to D.C. in 2017, but with a change of address — Pennsylvania Avenue — owing to his status as President Donald Trump’s second in command.
Mike Pence Investments
Pence said in 2004 that he had invested between $200,000 and $450,000 in Kiel Bros. Regrettably, the company went bankrupt the next year, and the share price plummeted dramatically. According to Fortune, Pence lost more than $600,000 after the company failed, although he had many thousand dollars in the bank. This is defined as information from his 2006 tax filings.
Pence, fortunately, had been in the federal govt for 5 years in 2006 and was eligible for a federal pension, which gives a fixed stream of income when one retires. Pence benefitted far more from Congressional self-dealing.
This was a federal statute established in 1986 that predicated pension payments for members of Congress and their staff on a significant proportion of the yearly payout compared to ordinary federal worker pensions. Mike Pence was one of several lawmakers who voted in 2012 to abolish this perk for future house members, yet he profited from the older, larger pensions. They were nearly twice as lucrative as conventional government pensions.
Between his twelve years as a lawmaker and his two years as vice president, Pence is entitled to around $50,000 per year from the state for the rest of his life. If he could be sold the annuity, he could expect to receive $700,000 for it.
Mike Pence Net Worth
Vice President Pence’s financial condition is more accessible than those of his wealthy boss since he is a part of the millionaire’s club. Sure, Pence’s net worth is $1 million, and he earns $230,700 per year as vice president, but his 2017 personal economic report — submitted with the U.S. Office of Government Ethics — showed a rather ordinary financial condition.
Pence’s only source of income in 2017 was his $174,000 income as governor of Indiana. His wife is identified as the proprietor of That’s My Towel Charm, Inc. and as an identity artist, although her earnings from both are less than $1,000.
Mike Pence’s $2 million net worth is largely derived from a pension plan worth around $500,001 and $1 million. He also has two more retirement accounts totaling up to $30,000 in value. Pence, like many other American parents, has taken out student loans to pay for his children’s education. The student loans range in value from $95,000 to $280,000.
Conclusion
Mike Pence has an approximate net worth is estimated to be around $1 million dollars as of 2022.
Mike Pence is a millionaire politician from the United States. Mike Pence is best known as Donald Trump’s Vice President and the state governor of Indiana.
Mike Pence disclosed in August 2016 as part of his economic declaration that he had a low combined wealth that is largely made up of a $500 thousand retirement. Prior to becoming VP, his principal source of income remained his Indiana governor’s income, which was $173,860 in 2015.