Ed Markey Net‌ ‌Worth and Income Sources

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.

Ed Markey Net‌ ‌Worth: Assets and Liabilities

Ed Markey AssetsMinimum ValueMaximum ValueEarnings
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
LiabilitiesMinimum ValueMaximum Value

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: Sen. Ed Markey is Junior Senator from Massachusetts.  Credit: Wikipedia

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

Ed Markey Net‌ ‌Wort: Sen. Ed Markey is one of the oldest Senators.  Credit: Boston Magazine

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.

Ed Markey Net‌ ‌Wort: Sen. Ed Markey is a Democrat.  Credit: Bloomberg

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: Sen. Ed Markay joined the United States Army Reserve as a Junior in College.  Credit: Twitter

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].

Similar Senator Net Worth and Income Articles:

Ed Markey Biography 

Legal Name/Birth NameEdward John Markey
Ed Markey Net‌ ‌Wort$820,000
PseudonymsEd Markey
Sources of WealthJunior US Senator from Massachusetts,Mutual Funds, Retirement Account, Private Law Practice
Date of BirthJuly 11th, 1946
Place of BirthMalden, Massachusetts, USA
ReligionRoman Catholicism
Marital StatusMarried 
Partner/SpouseSusan Blumenthal (m. 1988)
Names of ChildrenN/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 FundsMinimum ValueMaximum ValueIncome
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$1,000Less than $201
Fidelity SEP – Invesco QQQ Trust Series 1$15,001$50,000Less than $201
Fidelity SEP – SPDR S+P 500 ETF Trust Unit Series 1$1,001$15,000Less than $201
Fidelity SEP – Fidelity Extended Market Index Premium Class Mutual Fund$50,001$100,000Less than $201
Fidelity SEP – Fidelity Asset Manager 20% Mutual Fund$50,001$100,000Less than $201
Firsthand Technology Value Fund$0$1,000Less than $201
Firsthand Technology Value Fund$15,001$50,000Less 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$500,000Less 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 AccountsMinimum ValueMaximum ValueIncome
IRA – Morgan Stanley Smith Barney Powershares Trust (QQQ)$15,001$50,000Less than $201
TIAA-CREF Retirement Annuity – CREF Equity Index$250,001$500,000Less than $201
TIAA-CREF Traditional Retirement Annuity$100,001$250,000Less than $201
Total$365,003$800,000$0 to $600

Ed Markey Net Worth: Liabilities 

Ed Markey Net Worth: Liabilities TypeMinimum ValueMaximum Value
Members Mortgage Co.Mortgage$100,001$250,000
Chase Home FinanceMortgage$100,001$250,000
Total $200,002$500,000


[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

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