Kevin McCarthy served as the 55th speaker of the United States House of Representatives from January to October 2023. A lot of money has been made by Kevin as a politician. Find out how much Kevin McCarthy earned in his life by reading this post.
How Much is Kevin McCarthy’s Net Worth?
An American politician named Kevin McCarthy has an estimated net worth of $300,000. He was a senior member of Congress with a yearly salary of $175,000. His remuneration as Speaker of the House of Representatives was $223,500.
It is estimated that his obligations were between $100,000 and $200,000, while his assets ranged from $181,000 to $415,000 in value.
His financial report revealed two liabilities: a Department of Education loan for a dependent kid in the same range as the mortgage on his personal house in Bakersfield, California which is valued between $50,000 and $100,000.
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This much is known about Kevin McCarthy’s net worth when we get any update we will share it with you. Till then you can read what work did Kevin do in his life and about his education.
Kevin McCarthy’s Journey From Young Republican Leader to House Speaker
McCarthy worked for Congressman Bill Thomas’ office from 1987 to 2002. From the late 1990s until 2000, he served as Thomas’ district director. Kevin was elected chairman of the California Young Republicans in the middle of the 1990s and from 1999 to 2000 he presided over the Young Republican National Federation.
McCarthy was chosen as a trustee for the Kern Community College District in 2000 and a member of the California State Assembly in 2002. Bill Thomas left the House of Representatives in 2006 and Kevin was elected to fill his position with 70.7% of the vote.
Following the uprising in 2021, Thomas appeared on television to express displeasure at his former protege repeating Trump’s “phony lies” about the 2020 election. McCarthy won the House of Representatives election in 2006 and ran unchallenged in 2008 and 2010.
He received 73.2% of the vote in the 2012 election against No Party Preference candidate Terry Phillips, 74.8% in the 2014 election against Democratic candidate Raul Garcia, 69.2% in the 2016 election against Democratic candidate Wendy Reed, 64.3% in the 2018 election against Democratic candidate Tatiana Matta, 62.1% in the 2020 election against Democratic candidate Kim Mangone and 67.3% in the 2022 election against Democratic candidate Marisa Wood.
Kevin was a member of the Committee on Financial Services, the Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, the Subcommittee on Financial Institutions and Consumer Credit and the Congressional Western Caucus.
He held the positions of House Majority Leader from 2014 to 2019 and House Minority Leader from 2019 to 2023. McCarthy joined the House Republican Steering Committee as a rookie congressman and went on to serve as the Chief Deputy Whip of the House Republicans from 2009 to 2011 and the House Majority Whip from 2011 to 2014.
The election for Speaker of the House started on January 3, 2023, with 203 House members voting for McCarthy, 212 voting for Democrat Hakeem Jeffries and 19 voting for other Republicans on the first ballot. Republicans narrowly won control of the House of Representatives in the 2022 midterm elections.
In the end, Kevin received 216 votes in the 15th round of voting, which took place at 12:37 a.m. on January 7. The election of the Speaker of the House required more than nine ballots for the first time since 1859.
From Where Did Kevin McCarthy Get Education?
In Bakersfield, California, on January 26, 1965, Kevin Owen McCarthy was born and he is 58 years old. He is looking young at this age as shown in the post provided below:
Kevin grew up in a working-class Democratic family and is the son of housewife Roberta Palladino and assistant municipal fire chief Owen McCarthy.
McCarthy opened Kevin O’s Deli at the age of 21 and after seeing the “redundant and frivolous rules along with tedious paperwork and overburdening taxes” involved in managing a small business, he was motivated to enter public service.
He sold the company to pay for his education and in 1989 he earned a Bachelor of Science in marketing from California State University, Bakersfield.
As a college student, Kevin worked as a seasonal fireman for the Kern County Fire Department and was able to secure an internship with Congressman Bill Thomas. He graduated from the institution in 1994 with a master’s degree in business administration.
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