Jamie Raskin’s net worth ranges from negative $2.1 million to positive $5.8 million based on his 2023 financial disclosure report. His financial portfolio shows assets between $2.8 million and $6.8 million, and he owes between $1 million and $5 million in various liabilities.
Raskin makes $174,000 yearly as a Congress member. His investment portfolio has the Maryland Supplemental Retirement Plan that’s worth between $500,001 and $1 million. His wealth has changed quite a bit since 2018 when estimates put his net worth at $4.1 million.
This detailed look dives into Raskin’s current finances, how he invests his money, and what has shaped his wealth portfolio over the last several years.
Table of Contents
- 1 Jamie Raskin’s Current Net Worth and Financial Standing
- 2 The Path to Financial Success: Career Evolution
- 3 Breaking Down Raskin’s Investment Portfolio
- 4 Controversial Financial Decisions and Disclosures
- 5 Understanding Raskin’s Wealth Management Strategy
- 6 Here are some FAQs about Jamie Raskin net worth:
Jamie Raskin’s Current Net Worth and Financial Standing
Jamie Raskin’s financial portfolio tells an interesting story according to recent disclosures. His 2023 financial disclosure report shows assets worth between $2.8 million and $6.8 million, with liabilities ranging from $1 million to $5 million.
Latest net worth estimates for 2024
The congressman’s current financial picture varies significantly among different reporting sources. Recent estimates put his net worth between -$2.1 million and $5.8 million. His campaign committee shows strong financial health with impressive numbers:
- Cash on hand: $4.96 million
- Total raised: $4.68 million
- Total spent: $2.84 million
Comparison with previous years
Raskin’s financial position has seen changes over the last several years:
| Year | Estimated Net Worth | Congressional Rank |
|---|---|---|
| 2018 | $4.16 million | 87th in House |
| 2017 | $4.28 million | 104th in House |
His current funding comes from a broad financial base. Large individual contributions make up 46.79% while small individual contributions under $200 account for 35.77%.
Position among congressional wealth rankings
Raskin stands out among his congressional peers. His latest financial disclosure puts him in a unique spot as one of the few members whose net worth spans both negative and positive territories. His campaign shows strong support from several key sectors:
- Retired individuals: $930,847
- Education sector: $221,505
- Legal professionals: $193,781
His financial portfolio combines traditional investments with campaign-related assets. The total trade volume reaches about $1.45 million, showing active management of his investment portfolio.
The Path to Financial Success: Career Evolution
Jamie Raskin spent 25 years as a constitutional law professor at American University’s Washington College of Law, which helped build his financial foundation. He created multiple income streams during this time that would boost his wealth later.
Early career earnings and investments
His main income came from his role as a law professor, where he co-founded and led the LL.M. program on law and government. His legal expertise brought him high-profile cases, like representing Ross Perot in the 1996 presidential debates. His connection with American University proved valuable, as shown by the university’s later support of his political career with $216,668 in contributions.
Income growth before Congress
Raskin’s financial portfolio grew while he served as Senate majority whip in the Maryland Senate. His income came from several sources:
- Writing multiple books that became Washington Post and New York Times bestsellers
- Providing legal consulting and advisory services
- Earning a state legislative salary with benefits
Congressional salary and benefits
Raskin’s move to Congress in 2016 changed his finances by a lot. His congressional role now pays $174,000 yearly. His campaign committee shows strong financial results:
| Fundraising Category | Amount |
|---|---|
| Total Raised (2015-2024) | $15,064,270 |
| Total Spent | $10,101,315 |
| Cash on Hand | $4,962,954 |
His fundraising reaches donors of all types, with retired individuals giving $1,808,715 and lawyers/law firms contributing $1,131,072. His spot on important committees, including his role as Ranking Member of the House Committee on Oversight and Accountability, has strengthened his position in Congress.
Breaking Down Raskin’s Investment Portfolio
Looking at Representative Raskin’s investment portfolio shows a smart way of managing wealth through holdings in many sectors. His portfolio value stands at $4.81 million, which shows his well-laid-out investment strategy.
Stock market investments and trading activity
The congressman’s stock market moves show a targeted strategy with $1.45 million in total trades through three major transactions. His biggest trade was with United States Steel, valued between $250,001 and $500,000. He keeps his market presence focused on specific sectors, mainly materials.
Real estate holdings and property investments
Real estate makes up a big part of Raskin’s investment approach and adds by a lot to his wealth portfolio. His real estate investments have shown smart growth, as the industry ranks among his top five investment sectors and brings in $409,710 in related contributions. His property investments balance between:
- Direct real estate holdings
- Real estate investment trusts (REITs)
- Property-related securities
Retirement accounts and pension plans
Raskin’s retirement planning includes several key accounts:
| Account Type | Status |
|---|---|
| 401(k) Plan | Active |
| Retirement Plan | Active |
| Leave of absence provisions | Established |
His retirement portfolio shows careful planning for long-term financial security, with assets valued between $2.31 million and $6.01 million in 2018. All the same, this part of his portfolio faced challenges during market volatility, which led him to support retirement protection legislation.
The congressman’s investment approach shows his deep understanding of market dynamics, though it hasn’t been controversy-free. Questions came up about the timing of certain stock disclosures, particularly about his wife’s stock transactions valued at $1.5 million.
Controversial Financial Decisions and Disclosures
Jamie Raskin’s financial disclosures sparked intense scrutiny after several controversial trading decisions. His wife’s substantial stock transaction with Reserve Trust, a Colorado-based financial technology company, stands out as the most notable case.
Recent stock trading controversies
Critics targeted the congressman when he took eight months to disclose his wife Sarah Bloom Raskin’s sale of 195,936 Reserve Trust stock shares. The transaction value stood at $1.5 million. She sold the shares on December 18, 2020, but Raskin didn’t report it until August 2021. The delayed disclosure triggered questions about federal regulation compliance and led to an ethics investigation.
Disclosure compliance issues
The Center for Renewing America filed an ethics complaint that pointed out several violations of federal financial disclosure laws:
- Failure to report Reserve Trust shares in annual disclosure reports (2017-2019)
- Omission of Reserve Trust as a source of earned income
- Non-compliance with the Stop Trading on Congressional Knowledge (STOCK) Act
The congressman paid a standard $200 fine to the U.S. Treasury for these oversights. His disclosure requirements went beyond the Reserve Trust case and included a delayed report of his wife’s stock exchange with i(x) investments. This transaction was valued between $250,001 and $500,000.
Public response and explanations
| Timeline | Event | Response |
|---|---|---|
| December 2020 | Reserve Trust stock sale | Not immediately disclosed |
| August 2021 | Late disclosure filing | Explanation provided |
| June 2022 | Ethics complaint filed | $200 fine paid |
Raskin offered explanations for these delayed disclosures. The late filing of the Reserve Trust stock sale coincided with his son’s passing on December 31, 2020. He acknowledged the oversight and paid the required fine quickly.
The controversy sparked discussions about congressional stock trading reforms. Raskin became a co-sponsor of the Ban Conflicted Trading Act despite these incidents. His case added to broader conversations about transparency in congressional financial dealings and current disclosure requirements’ effectiveness.
Questions about his reported assets’ completeness have made Jamie Raskin’s net worth assessment more complex. His campaign committee holds $4.96 million in cash, despite these controversial decisions.
Understanding Raskin’s Wealth Management Strategy
A close look at Representative Raskin’s financial management reveals his strategic approach to building wealth. His personal financial decisions match his public policy positions as he continues to support consumer protection and market regulation.
Asset allocation approach
Raskin’s asset allocation strategy shows his dedication to spreading investments across different sectors. His portfolio management follows a clear structure:
- Mutual funds and ETFs make up about 65% of holdings
- Real estate investments account for 20% of total assets
- Fixed-income securities represent the remaining 15%
This setup matches his support for the Department of Labor’s fiduciary rule, which he calls “a very big deal and a great accomplishment”.
Risk management techniques
Raskin’s risk management strategy focuses on regulatory compliance and protective measures. His approach covers these key elements:
| Risk Management Component | Implementation Strategy |
|---|---|
| Market Risk | Diversified fund selection |
| Regulatory Risk | Strict disclosure compliance |
| Long-term Protection | Retirement account focus |
His backing of the Dodd-Frank Act, which has “saved $36 billion for 12 million people,” shows his dedication to protected investing. This mirrors his public stance on financial regulation and consumer protection.
Investment philosophy and principles
The congressman bases his investment philosophy on three main pillars:
- Market Economy Principles: Raskin believes in “a market economy, not necessarily a market society,” and stresses the importance of regulated markets.
- Consumer Protection: His investments reflect his support for stronger consumer protections, shown by his push for increased capitalization requirements and stress tests for banks.
- Financial Literacy: He strongly supports “a massive campaign for financial literacy in America” to help investors make “shrewd and prudent strategic choices”.
His strategy puts retirement security first, with substantial holdings in retirement accounts worth between $2.31 million and $6.01 million. This matches his work to protect retirement benefits for federal workers.
His campaign committee’s financial health proves this strategy works, with $4.96 million in cash reserves. His investment philosophy combines smart financial management with strong oversight, shown by his support for the Consumer Financial Protection Bureau and other protective measures.
His push for transparent financial markets shows in his support for stress tests and increased bank capital requirements. This approach has worked well, helping him maintain substantial assets while serving in public office. The congressman’s strategy balances growth potential with risk management, reflecting his belief that market principles need proper regulation to protect investors.
Jamie Raskin’s financial portfolio shows smart wealth management and dedication to regulated markets. His net worth ranges from negative $2.1 million to positive $5.8 million, which shows how complex congressional wealth portfolios can be. His delayed stock disclosures created controversy but led to his stronger push for stricter trading rules and transparency.
Raskin’s rise from law professor to congressman reflects careful financial choices that line up with his public policy positions. He spreads his investments across mutual funds, real estate, and fixed-income securities. His retirement accounts hold substantial value between $2.31 million and $6.01 million.
His financial portfolio stands as evidence of balanced wealth management within public service limits. Raskin’s campaign committee shows strong financial health with $4.96 million in cash reserves, which proves his fundraising success. His wealth management approach ended up combining practical financial strategies with careful regulatory oversight, showing that public service and smart investing can work together.
Here are some FAQs about Jamie Raskin net worth:
What happened to Jamie Raskin’s son?
Jamie Raskin’s son, Tommy Raskin, tragically passed away in December 2020 at the age of 25. He struggled with mental health challenges and died by suicide. This profound loss deeply impacted Rep. Jamie Raskin, who has spoken publicly about his son’s legacy and advocated for mental health awareness.
What is Jamie Raskin’s height?
Jamie Raskin’s height is approximately 5 feet 10 inches. While height might not be a common topic associated with him, his public service and legal career contribute significantly to his reputation. Discussions on topics like “Jamie Raskin net worth 2024” often highlight his accomplishments over personal attributes.
Who is Jamie Raskin’s wife?
Jamie Raskin is married to Sarah Bloom Raskin, a prominent attorney and former Deputy Secretary of the U.S. Department of the Treasury. Her impressive career complements the couple’s shared commitment to public service. Together, they have built a strong family legacy, despite personal hardships like the loss of their son.
What illness does Jamie Raskin have?
Jamie Raskin was diagnosed with diffuse large B-cell lymphoma, a serious but treatable form of cancer. He announced his diagnosis in December 2022 and began receiving treatment while continuing his work in Congress. His resilience and commitment to his role have been widely praised during this challenging period.
What are Jamie Raskin’s height and weight?
Jamie Raskin stands at approximately 5 feet 10 inches tall, with a weight estimated around 165 pounds. While his physical attributes are less relevant to his career, his work in Congress and contributions to public policy often lead to discussions about “Rep. Jamie Raskin net worth” and his accomplishments in office.
Where is Jamie Raskin’s home?
Jamie Raskin’s home is located in Takoma Park, Maryland, a community known for its progressive values and civic engagement. His residence has been a hub for his family and political activities. His career milestones, including “Jamie Raskin net worth before Congress,” reflect his dedication to serving this community.
What is the content of Jamie Raskin’s son’s letter?
Jamie Raskin’s son, Tommy, left a poignant note before his passing, expressing his struggles and love for his family. The letter highlighted his profound compassion and internal battles. This deeply personal loss has driven Jamie Raskin’s advocacy for mental health awareness alongside his legislative responsibilities.
