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Senator Jack Reed Net Worth Overview
Jack Reed’s net worth as per online sources is about $200,000.
Jack Reed is a senior United States Senator from the Democratic Party.[1] He represents the state of Rhode Island. Reed net worth consists of mutual funds and brokerage accounts.
Senator Investment and Assets
Mutual funds and corporate securities are the main components of Sen. Reed net worth. He also has money in his savings and checking accounts. [2]
Summary
| Jack Reed Net Worth | Value |
| Corporate Securities and mutual funds | $84,014-$385,000 |
| Bank deposits | $17,003-$80,000 |
| Total | $101,017-$465,000 |
The financial statement filed with the SEC shows that Sen. Jack Reed net worth is between $101,017 and $465,000.
Senator Jack Reed Income
Sen. Jack Reed earned a sizable retirement income in 2020. He also earned income from his investment in mutual funds and exchange-traded funds.
Income Source 1: Salary as a Senator
Sen. Jack Reed earns $174,000 as a senior senator from Rhode Island.
Income Source 2: Investment and Retirement Plans
Sen. Reed’s net worth increased from the income he earned from his investment and retirement plans. The table below has summarized his annual income from different sources.
Summary
| Sources | Income |
| Retirement accounts | $200,000 |
| Mutual Funds | $2,605-$8,000 |
| Senator | $174,000 |
| Total | $376,605-$382,000 |
As per the financial statement submitted with the SEC, Sen. Jack Reed’s net worth was between $376,605 and $382,000 in 2020.
Jack Reed’s Bio/Early Life
Jack Reed was born John Francis Reed on 12th November 1949. He was born and raised in Cranston, Rhode Island. His parents include Joseph Anthony Reed and Mary Louise.
Reed attended St. Matthew’s Elementary School in Cranston, RI. He completed his High School degree from La Salle Academy in Providence, RI.
In 1971, Reed received a Bachelor of Science degree from United States Military Academy located at West Point, NY. Jack Reed received a Master of Public Policy degree from Harvard University’s John F. Kennedy School of Government in 1978.
In 1982, Jack received his Juris Doctor (JD) degree from Harvard Law School. He married Julia Hart in 2005. The couple has one daughter.
Jack Reed Career
Reed joined the United States Army after graduating from the US Military Academy in 1971. He had served as the Platoon Leader, Battalion Staff Officer, and Company Commander.
In 1979, Reed retired from active duty as a captain. He continued to serve the United States Army Reserve till 1991.
Reed worked as an associate professor at Harvard’s John F. Kennedy School of Government in 1978. In 1979, Reed taught at the US Military Academy as a professor. He joined the law firm, Sutherland Asbill & Brennan, after receiving his JD degree in 1982. Later he joined the law firm Edward and Angel and worked for the company until 1990. His specialization included securities and banking law.
Reed’s political career started in 1990. He contested for the 2nd District United States House of Representatives election in Rhode Island. Reed defeated Republican Gertrude Coxe. He was reelected in 1992 and 1994 US House of Representative elections.
In 1996, Reed ran for the U.S. Senator seat from Rhode Island. He contested for the seat after the retirement of fellow Democrat Claiborne Pell. Reed won the Democratic primary with a large majority of 86 percent. He also won the Senate general election defeating Republican Nancy Mayer.
In 2002, Reed contested for the reelection of the Senate seat from Rhode Island. He won the election defeating Robert G. Tingle of the Democratic party. In the 2008 US Senate election, Reed defeated Tingle again retaining his seat.
Jack Reed was reelected in the 2014 and 2020 US Senate elections. He defeated rival Republicans, Mark Zaccaria and Allen Waters, respectively.
Jack Reed Accomplishments
Reed served the US Army with distinction. He received the Army Commendation Medal with Oak Leaf Cluster during active duty.[3]. His other military achievements include Expert Infantry Badge and Senior Parachutist Badge.
In 1998, Reed received an award from the Portuguese government. He was awarded the Grand-Officer of the Order of Prince Henry award for his effort in building US-Portugal relations.[4].
Reed sponsored the DREAM Act along with other Democrats in 2010. The bill was passed in Congress. It allowed undocumented individuals living in the US from a young age to gain citizenship.
Reed was awarded the Railroad Achievement Award by the Association of American Railroads in 2019.[5] He was given the award for his efforts in resolving issues facing the railroads in the US.
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Jack Reed Biography
| Legal Name/Birth Name | John Francis Reed |
| James Lankford Net Worth | $200,000 |
| Pseudonyms | Jack Reed |
| Sources of Wealth | Senior US Senator from Rhode Island |
| Date of Birth | 12th November 1949 |
| Place of Birth | Cranston, Rhode Island |
| Nationality | American |
| Gender | Male |
| Height | N/A |
| Weight | N/A |
| Religion | Catholic |
| Ethnicity | White |
| Marital Status | Married |
| Partner/Spouse | Julia Hart |
| Children | 1 |
| Names of Children | Emily |
Frequently Asked Questions About Jack Reed
Who is Senator Jack Reed from?
Senator Jack Reed was born and raised in Cranston, RI.
Where did Jack Reed go to college?
Jack Reed obtained his BA degree from the US Military Academy. He obtained a Master’s degree from Harvard University. Moreover, he obtained his JD degree from Harvard Law School.
When was Jack Reed elected Senator?
Sen. Jack Reed (D-RI) was elected the senator of RI for the first time in 1996.
References
[1]. https://www.legistorm.com/member/78/Sen_Jack_Reed.html – Senator Jack Reed (D-RI) salary information in 2022.
[2]. https://sec.report/Senate-Stock-Disclosures/REED/JOHN+F/250dae9c-ee66-4527-9ace-16e026b5bc0a – Annual financial report of Sen. Reed filed with SEC in 2020.
[3]. https://www.reed.senate.gov/about/jacks-story – An official biography of Sen. Jack Reed (D-RI).
[4]. https://m.imdb.com/name/nm2208691/trivia – Senator Jack Reed profile at IMBD.com.
[5]. https://www.aar.org/news/industry-honors-senator-jack-reed-with-railroad-achievement-award/ – Senator Jack Reed (D-RI) receives Railroad Achievement Award in 2019.
