Jim Inhofe Net Worth and Income Sources

Senator Jim Inhofe Net Worth Overview

Jim Inhofe’s net worth is about $6-12 million according to reputable online sources and the senator’s public disclosure.

Jim Inhofe is a senior United States Senator. His net worth consists of real estate properties, corporate securities, and companies. His income from his position as a senator, real estate, and investment plans contribute to his Inhofe net worth.

Senator Investment and Assets

Sen. Inhofe’s net worth is composed chiefly of residential property, corporate securities, and bank deposits. The following table shows the components of his net worth. [1] 

Summary

Based on the disclosed financial statements for 2020, we have calculated Jim Inhofe’s net worth to be between $6,695,251 and $12,970,236

Senator Jim Inhofe Income

Sen. Jim Inhofe earns income as a senator. [2] Moreover, a state retirement plan also contributes to his net worth.

Income Source 1: Salary as a Senator

Sen. Jim Inhofe has been earning income as Oklahoma’s Senator since 1991. His income in 2021 was $174,000. [2]

Income Source 2: Investment and Retirement Plans

Sen. Jim Inhofe owns earns income from residential property and corporate securities. The details of his income sources are depicted in the table below.

Jim Inhofe Net Worth & Income Summary

As per the public financial information, Jim Inhofe’s estimated net worth is increasing by about $721,919 to $2,191,000 annually.

Jim Inhofe’s Bio/Early Life

Jim Inhofe was born James Mountain Inhofe on 17^th November in 1934. His place of birth is Des Moines, Iowa. He was the son of Perry Dyson Inhofe and Blanche.

Inhofe spent most of his childhood in Tulsa in Oklahoma. He attended Tulsa Central High School. In 1973, Inhofe graduated from the University of Tulsa with a BA in economics.

Between 1956 and 1958, he served in the United States Army with the rank of Specialist 4. He married Kay Kirkpatrick in 1959.

Jim Inhofe Career

Jim Inhofe worked in the real estate and insurance sector after graduation. He served as the Vice President of the Quaker Life Insurance company in the 1980s.

Inhofe entered politics in the mid-1960s working for the Republican Party. He was a member of the House of Representatives of Oklahoma in 1967. In 1969, Inhofe became a member of the Oklahoma Senate. He contested for the governor of Oklahoma in 1974 but lost to Democratic David Boren.

In 1976, Inhofe contested for the 1^st Congressional district from Oklahoma. He won the primaries defeating Republicans Frank Keating and Mary Warner. But he lost the election to Democratic James R. Jones.

Inhofe ran for mayor of Tulsa in 1978. He won the election defeating Democrat Rodger Randle. He got reelected in 1980 and 1982. 

In 1986, Inhofe contested for the 1^st District U.S House of Representative position. He received the most votes in the Republican primary. In the general elections, he defeated Democratic Party representative Gary Allison. Inhofe was reelected in 1988 when he defeated Democrat Kurt Glassco. He defeated Glassco again in the 1990 election. In 1992, Inhofe again won the 1^st District seat with a majority vote.

Inhofe ran for the senator position for the first time in 1994. He won the election succeeding Senator David Boren who had vacated his seat. In 1996, Inhofe won his first full-term by defeating Democratic rival Jim Boren.

He contested for the senate position again in 2002. He was successful in the general election defeating the Democratic party’s David Walters. 

In the 2008 US Senate election in Oklahoma, Inhofe defeated Andrew Rice of the Democratic party. Inhofe again contested for the US Senate election in 2014. He defeated Democratic rival Matt Silverstein in the general election by a clear majority.

In 2018, Inhofe served as the chairman of the Senate Armed Services Committee after the death of John McCain.

In the 2020 senate elections, Inhofe won by a majority of votes defeating rival Abby Broyles of the Democratic party. He announced he would not seek reelection at the end of his term in 2027. 

Jim Inhofe Accomplishments

Jim Inhofe was awarded the Character and Leadership Award by the US Air Force Academy. The award was given in 2013 in recognition of his exemplary character and leadership in personal, professional, and public service.[3]

Jim Inhofe Controversy

During his initial political career, Jim Inhofe had reported that he graduated from the University of Tulsa in 1959. But it was revealed during the 1994 campaign that he had graduated in 1973 when he was 39 years old. Inhofe initially denied the discrepancy, but later acknowledged it as true.[4]

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Jim Inhofe Biography 

Frequently Asked Questions About Jim Inhofe

Where is Senator Jim Inhofe from?

Jim Inhofe was born in Des Moines, Iowa.

How old is Senator Jim Inhofe?

Senator Jim Inhofe turned 87 years old in 2021.

What is Jim Inhofe’s district?

Sen. Jim Inhofe represents the Oklahoma district. He was first elected as U.S senior senator in 1994.

Is Jim Inhofe married?

Jim Inhofe married Kay Inhofe in 1959. The couple has been married for over 62 years.

Jim Inhofe Net Worth References

[1]. https://sec.report/Senate-Stock-Disclosures/Inhofe/James+M/d327dd76-7042-4582-9b22-227c3ff1340e – Sen. Jim Inhofe publically available financial information.

 [2]. https://www.legistorm.com/member/51/Sen_Jim_Inhofe.html – Sen. Jim Inhofe (R-OKLA.) salary information as a senior senator.

[3]. https://www.inhofe.senate.gov/newsroom/press-releases/inhofe-honored-with-air-force-leadership-award – Sen. Jim Inhofe received an award from the US Air Force Academy.

[4]. https://www.oklahoman.com/article/2477871/degree-disparity-surprises-inhofe – An article published in 1994 about the degree disparity of Sen. Jim Inhofe.