Mike Pence Net Worth: How Much Wealth Does the Former VP Has

Former U.S. Vice President Mike Pence has become well-known mainly as former U.S. President Donald Trump's vice president.

Trump is known to have an estimated $2.7 billion net worth, which marked him as one of the wealthiest politicians to set foot in the White House.

Pence, on the other hand, has just a net worth of $1.2 million and is not among the wealthiest vice president as compared to others.

Dick Cheney's net worth is estimated at $100 million; Al Gore's at $300 million; and Nelson Rockefeller had a net worth of $1 billion, according to The List.

However, Pence has a net worth higher than Walter Mondale, who had a net worth of only $15,000.

Mike Pence: Net Worth and Wealth

Mike Pence announced in his August 2016 financial disclosure that he has a modest net worth, mostly made up of a pension worth around $500,000.

Celebrity Net Worth noted that his primary source of income before becoming Vice President was his Indiana governor's salary in 2015. It was worth $173,860.

Pence was a talk-radio host in Indiana before entering politics.

In 2015, Pence and his wife, Karen Pence, earned a combined $113,026 in adjusted gross income based on a financial disclosure released in 2016.

The Pence couple also earned around $9,000 from a pension fund or annuity, having claimed a $3,500 loss connected to Karen's business, That's My Towel Charm, Inc.

They also had $80,000 worth of debt related to their children's education.

In the years between 2009 and 2016, the two earned at least $100,000, while in 2009 and 2010, they earned $187,000.

In a 2019 book, Tom LoBianco claimed the Pences were alleged to be "financially destitute" when they joined Trump's presidential campaign. The same book noted that Pence lost $1 million he had inherited from his father on failed investments.

Pence also reportedly lost around $700,000 in stock he held in his family's gas station business which went bankrupt in 2001.

Mike Pence and Family

Yahoo News reported in January 2021 that the Pence family is currently staying at the Indiana governor's cabin or living with their families back in their home state.

Mike Pence and his wife Karen are reportedly looking for a new home after their free, taxpayer-funded housing officially ended.

Pence is reportedly staying at a cabin that Indiana Gov. Eric Holcomb uses as a retreat house. However, two other Indiana Republican insiders noted that the former vice president and former second lady are staying with family.

The lack of information regarding Pence's location at the time is mainly due to safety concerns after the insurrection at the Capitol on Jan. 6, 2021.

The mob that breached the building threatened Pence's life for his role in certifying U.S. President Joe Biden's election victory at the time.

The Pence family has managed to confirm at the time that they would keep their Secret Service protection.

This article is owned by Latin Post.

Written by: Mary Webber

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