If you are curious about Jake Auchincloss’ net worth, you’re in the right place. In this piece, we explore his finances by going through his assets and investments, as well as controversies and personal life details.
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Who is Jake Auchincloss?
Jake Auchincloss is an American politician and businessman currently serving as the US Representative for Massachusetts’s 4th congressional district since 2021. He is a member of the Democratic Party.
Born in 1988, in Newton, Massachusetts, Auchincloss has a diverse background. He graduated from Harvard University with a degree in government and economics and later earned an MBA from the Massachusetts Institute of Technology. Before entering politics, he served in the military as a Major in the US Marine Corps, where he commanded infantry in Afghanistan and a reconnaissance unit in Panama.
Auchincloss also worked in the tech industry and served on the Newton City Council from 2015 to 2021. He is known for his work on various bipartisan initiatives, including job growth, public transit, and tackling the rise of non-consensual deepfakes.
Auchincloss has notable family connections, being a distant relative of Jackie Kennedy and her grandson, Jack Schlossberg.
Jake Auchincloss’ net worth
According to his 2023 financial disclosure report, Jake Auchincloss’ net worth ranges between $1,538,101 and $9,069,999.
Disclaimer: Estimating a Congress Representative’s net worth is challenging because disclosure forms do not mandate exact values. Instead, they report the value of their assets and liabilities within specified ranges. While we strive to accurately estimate net worth from filings, disclosure rules have shortcomings. Personal residences, certain personal property, and federal retirement accounts are often not reported. Large assets can be listed in broad categories like “Over $1 million” or “Over $50 million,” potentially worth much more. Additionally, Jake Auchincloss earns $174,000 annually, but this isn’t required to be disclosed.
Jake Auchincloss’ sources of income
Here’s a brief overview of Jake Auchincloss’ sources of income:
Business career: Before entering politics, Auchincloss worked in the tech industry, where he held roles in various companies, focusing on innovation and technology;
Military service: Auchincloss served as a Major in the US Marine Corps, where he commanded infantry in Afghanistan and a reconnaissance unit in Panama;
Political career: As a US Representative, Auchincloss earns an annual salary of approximately $174,000.
Jake Auchincloss’s assets
Jake Auchincloss’ 2023 financial disclosure report suggests that his assets range in value between $2,538,101 and $9,570,000, and liabilities total from $500,001 to $1 million. Out of all his assets, the most valuable ones include the following:
House in Newton, MA, valued between $1,000,001 and $5 million;
iShares MSCI USA ESG Select ETF (SUSA), valued between $100,001 and $250,000;
iShares MSCI USA ESG Select ETF (SUSA), valued between $100,001 and $250,000;
SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX), valued between $100,001 and $250,000.
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Controversies
Auchincloss faced accusations during his 2020 congressional campaign of making racially insensitive remarks and supporting conservative policies while on the Newton City Council. He refuted these claims, asserting that his comments were taken out of context and that his opponents misrepresented his policy stances.
Auchincloss switched from the Republican Party to the Democratic Party in 2015, which prompted questions about his political beliefs. His party switch drew scrutiny from both sides of the political spectrum. In 2021, an ethics complaint was filed against him, alleging misuse of campaign funds, though the complaint did not lead to formal action.
Jake Auchincloss is married to Michelle Auchincloss, and the pair have three children together. They reside in Newtonville, Massachusetts.
The bottom line
Jake Auchincloss’ net worth is between $1,538,101 and $9,069,999, making him quite wealthy in comparison to average Americans his age. Nevertheless, Auchincloss is nowhere near the top echelon of US Congressmen in terms of personal wealth.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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Publish date : 2024-09-13 01:53:00
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