Senator Ed Markey net worth is estimated to be approximately $820,000. This information is based on the assets and liabilities specified in his financial disclosure [1].
Editor: We note that Ed Markey net worth is on the low side compared with other US senators.
The Massachusetts Junior Senator gained his net worth through mutual funds, retirement accounts, and by working as a lawyer. Our Ed Markey net worth estimate takes the value of his assets into account.
Table of Contents
Ed Markey Net Worth: Assets and Liabilities
| Ed Markey Assets | Minimum Value | Maximum Value | Earnings |
| Mutual Funds | $1,326,015 | $2,967,000 | $28,409 – $86,100 |
| Retirement Accounts | $365,003 | $800,000 | $0 to $600 |
| Total | $1,691,018 | $3,767,000 | $28,409 – $86,700 |
| Liabilities | Minimum Value | Maximum Value |
| Mortgages | $200,002 | $500,000 |
We have provided a more in-depth breakdown of Senator Ed Markey’s assets and liabilities in the Appendix at the end.
Ed Markey Net Wort: Income Sources
Senator Edward Markey earns income from many different sources. He earns $174,000 per year as a Junior United States Senator [2].
The Massachusetts Senator also earns money from mutual funds and his retirement account.
Income Source 1: Salary as a U.S. Senator
Senator Markey was elected to the United States Senate in 2013. He receives the default Senator salary of $174,000.
Income Source 2: Earnings from Assets
Senator Markey owns assets valued at between $1,691,018 and $3,767,000. He earns between $28,409 and $86,700 from these assets.
Senator Edward Markey Bio/Early Life
Edward John Markey was born on July 11th, 1946, in Malden, Massachusetts. His parents are John E. Markey and Christina Markey. His father was a milkman [3], while his mother was high school valedictorian.
Edward Markey’s family is Irish Catholic, and he studied at Malden Catholic High School and Immaculate Conception School. At the age of 19, Edward Markey began working as a salesperson and driver for an ice cream truck in Massachusetts. He quickly became known as “Eddie the Ice Cream Man” and used his earnings to fund his education at Boston College.
Edward Markey graduated from Boston College with a Bachelor of Arts in 1968. He then attended Boston College Law School and graduated with a Juris Doctor in 1972.
The young Markey then started his own private practice and worked as a lawyer. He joined the United States Army Reserve and served from 1968 to 1973 [4]. He reached the rank of Specialist Fourth Class before leaving.
Ed Markey Net Wort: Political Career
Ed Markey began his political career after being elected to the Massachusetts House of Representatives. Markey served the 26th Middlesex and 16th Middlesex districts between 1973 and 1976 [5].
Edward Markey ran for the House of Representatives in 1976. This was following the death of Congressman Torbert MacDonald, who died while still in office. Ed Markey had been elected to his third term in the Massachusetts State House before entering the Democratic Primary for the 7th district. Markey won the primary after securing 22% of the vote. He then faced Republican Richard Daly in a special election.
Edward Markey won this special election by a landslide, securing 77% of the vote. He has since been challenged three times in a Democratic primary. He won in 1980 after receiving 85% of the vote. He secured another victory in 1984 after receiving 54% of the vote. His third win was in 2002 after securing 85% of the vote.
Edward Markey began his bid for a Senate seat in 2004. He was a contender for John Kerry’s United States Senate seat if Kerry had been elected as President of the United States.
Edward Markey became a primary contender in a 2010 special election that was set up to replace Ted Kennedy. However, he turned down his Senate seat bid and endorsed Michael Capuano instead. Capuano then lost the Democratic Primary to Martha Coakley.
Edward Markey then ran during a special election in 2013. This was following John Kerry’s appointment as United States Secretary of State by President Obama. Many prominent politicians endorsed Edward Markey during his run. He won the Democratic Primary after defeating Congressman Stephen Lynch. He then went on to defeat Republican Gabriel E. Gomez in the June 25th Special Election.
Edward Markey was considered one of the Democratic senators with the longest tenure in the House prior to his election to the Senate. Markey is also one of the oldest candidates to win a Senate special election since the 17th Amendment was passed.
Edward Markey then ran for a six-year Senate term in 2014. He retained his Senate seat after defeating Republican Brian Herr by securing 62% of votes. Senator Edward Markey was heavily involved in his duties as Junior United States Senator. In 2020, he endorsed Elizabeth Warren during the Democratic Party presidential primaries. He then endorsed Joe Biden after Warren withdrew from the primaries in early 2020.
Many Democrats challenged Sen. Markey in the 2020 Senate election. Each of these challengers dropped out, with the exception of Joe Kennedy. Senator Markey then defeated Kennedy in the primary by gaining 55.6% of the vote. He then defeated Republican Kevin O’Connor and retained his Senate seat.
Senator Markey Accomplishments
Senator Edward Markey accomplished many things while working for the United States Government and Junior United States Senator.
He was the Senate author for the Green New Deal [6]. Senator Edward Markey was also one of the five Democrats who signed a letter to FEMA [7], urging them to sign an agreement with the United States Department of Housing and Urban Development.
Senator Markey was also one of seventeen senators who signed a letter to President Trump urging him to reduce the cost of prescription drugs [8].
Senator Markey Criticisms
Senator Markey has faced few criticisms during his time as Senator. In 2013, the National Republican Senatorial Committee criticized the Senator for being caught up in major ethics investigation. The Senator was accused of bouncing 92 checks while using his account at the congressional bank [9].
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Ed Markey Biography
| Legal Name/Birth Name | Edward John Markey |
| Ed Markey Net Wort | $820,000 |
| Pseudonyms | Ed Markey |
| Sources of Wealth | Junior US Senator from Massachusetts,Mutual Funds, Retirement Account, Private Law Practice |
| Date of Birth | July 11th, 1946 |
| Place of Birth | Malden, Massachusetts, USA |
| Nationality | American |
| Gender | Male |
| Height | N/A |
| Weight | N/A |
| Religion | Roman Catholicism |
| Ethnicity | American |
| Marital Status | Married |
| Partner/Spouse | Susan Blumenthal (m. 1988) |
| Children | No |
| Names of Children | N/A |
Frequently Asked Questions About Senator Edward Markey
Does Ed Markey have a wife?
Senator Edward Markey married Susan Blumenthal in 1988. The pair have been married since.
Where is Senator Ed Markey from?
Senator Markey is from Malden, Massachusetts, USA.
Who did Ed Markey replace?
Senator Ed Markey replaced John Kerry on the Senate.
How clean is Ed Markey net worth?
As far as we know the Ed Markey net worth seems to be quite clean.
Ed Markey Net Worth Appendix
Ed Markey Net Worth from Mutual Funds
| Ed Markey Net Worth from Mutual Funds | Minimum Value | Maximum Value | Income |
| Fidelity MA AMT Tax-Free Money Market Fund | $15,001 | $50,000 | $201 – $1,000 |
| Fidelity Mass Muni Income Mutual Fund | $50,001 | $100,000 | $201 – $1,000 |
| Fidelity Government Money Market Fund (Core Acct) | $50,001 | $100,000 | $1,001 – $2,500 |
| Fidelity SEP – Fidelity Government Cash Reserves Money Market Fund | $0 | $1,000 | Less than $201 |
| Fidelity SEP – Invesco QQQ Trust Series 1 | $15,001 | $50,000 | Less than $201 |
| Fidelity SEP – SPDR S+P 500 ETF Trust Unit Series 1 | $1,001 | $15,000 | Less than $201 |
| Fidelity SEP – Fidelity Extended Market Index Premium Class Mutual Fund | $50,001 | $100,000 | Less than $201 |
| Fidelity SEP – Fidelity Asset Manager 20% Mutual Fund | $50,001 | $100,000 | Less than $201 |
| Firsthand Technology Value Fund | $0 | $1,000 | Less than $201 |
| Firsthand Technology Value Fund | $15,001 | $50,000 | Less than $201 |
| Janus Henderson Global Technology Class T Mutual Fund | $15,001 | $50,000 | $2,501 – $5,000 |
| Victory R.S. Small Cap Growth Class A Mutual Fund | $100,001 | $250,000 | $15,001 – $50,000 |
| Rydex NASDAQ 100 Inv Class Mutual Fund | $100,001 | $250,000 | $2,501 – $5,000 |
| Rydex NASDAQ 100 Inv Class Mutual Fund | $500,001 | $1,000,000 | $5,001 – $15,000 |
| Touchstone Focused Class Y Mutual Funds | $15,001 | $50,000 | $1,001 – $2,500 |
| Fidelity 500 Index Fund | $100,001 | $250,000 | $1,001 – $2,500 |
| Fidelity SEP – Fidelity 500 Index Fund | $250,001 | $500,000 | Less than $201 |
| Total | $1,326,015 | $2,967,000 | $28,409 – $86,100 |
Ed Markey Net Worth from Retirement Accounts
| Ed Markey Net Worth from Retirement Accounts | Minimum Value | Maximum Value | Income |
| IRA – Morgan Stanley Smith Barney Powershares Trust (QQQ) | $15,001 | $50,000 | Less than $201 |
| TIAA-CREF Retirement Annuity – CREF Equity Index | $250,001 | $500,000 | Less than $201 |
| TIAA-CREF Traditional Retirement Annuity | $100,001 | $250,000 | Less than $201 |
| Total | $365,003 | $800,000 | $0 to $600 |
Ed Markey Net Worth: Liabilities
| Ed Markey Net Worth: Liabilities | Type | Minimum Value | Maximum Value |
| Members Mortgage Co. | Mortgage | $100,001 | $250,000 |
| Chase Home Finance | Mortgage | $100,001 | $250,000 |
| Total | $200,002 | $500,000 |
References
[1]. Ed Markey Net Worth: Senator Ed Markey financial disclosure
[2]. Ed Markey Net Worth: United States Senate default salary
[3]. https://www.thecrimson.com/article/1976/11/22/ed-markey-the-milkmans-son-who/ – Ed Markey’s father’s occupation
[4]. https://www.bostonglobe.com/news/nation/2013/04/20/markey-rode-anti-vietnam-post-watergate-yearnings-seat-congress/geRkNb4wX1HRtZElFpXpgI/story.html – Ed Markey army service
[5]. http://archives.lib.state.ma.us/handle/2452/40890/browse?type=dateissued – Ed Markey elected to Massachusetts House of Representatives
[6]. https://www.nytimes.com/2019/02/21/climate/green-new-deal-questions-answers.html – Senator Ed Markey Green New Deal
[7]. https://www.masslive.com/politics/2018/04/us_sens_elizabeth_warren_ed_ma_19.html – Ed Markey FEMA
[8]. https://thehill.com/blogs/floor-action/senate/311202-senate-dems-sanders-to-trump-help-lower-drug-prices – Senator Ed Markey letter to President Trump.
[9]. Ed Markey Net Worth: Senator Ed Markey bounced checks controversy
