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HomeelectionsMike Johnson bucks trend of House speakers owning high-dollar assets: 'Man of...

Mike Johnson bucks trend of House speakers owning high-dollar assets: ‘Man of the people’

Newly elected GOP House Speaker Mike Johnson’s financial portfolio represents a substantial divergence from his predecessors who owned millions of dollars in assets and actively traded stocks.

According to Johnson’s most recent annual financial disclosure report filed in August, he doesn’t own any stocks and reported only liabilities — a 2013 home mortgage worth up to $500,000, a personal loan of up to $50,000 from 2016 and a home equity line of credit of up to $50,000 he secured in 2019. 

Johnson’s disclosures, though, were scrutinized, and a reporter raised questions about the new speaker’s financial health.

Jordan Libowitz, an ethics expert, was quoted recently saying Johnson’s disclosure was “strange” and could make him “ripe for influence buying,” while Brett Kappel, a government ethics expert at Harmon Curran, added it was “very unusual for a member not to have to disclose at least one bank account.”

Former Rep. Paul Ryan, R-Wis., who served as House speaker between October 2015 and January 2019, had an estimated net worth of $7.3 million as of 2017, according to Open Secrets. His 2017 disclosures revealed he owned millions in financial assets, which included real estate, mineral rights, mutual funds and individual stocks like Home Depot, Procter & Gamble and Wells Fargo.

Former Rep. John Boehner, R-Ohio, who was House speaker between January 2011 and October 2015, had an estimated net worth of $3.4 million as of 2015, Open Secrets data showed. Boehner reported in 2014 owning hundreds of thousands of dollars in individual stocks.

Thomas Catenacci is a politics writer for Fox News Digital.

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