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Senator Joe Manchin Net Worth Overview
Joe Manchin Net Worth is about $8 million according to reliable sources online.
Joe Manchin is a senior US Senator from West Virginia. His net worth is composed of retirement plans, mutual funds, corporate securities, and residential property.
Senator Investment and Assets
Sen. Manchin has invested in different corporate stocks. He also owns exchanges traded funds that contribute to Manchin net worth. Moreover, His assets also include residential properties.
The following table shows Sen. Manchin net worth components. The information is based on the financial information he had submitted with the SEC for 2020. [1]
Summary
| Joe Manchin Net Worth | Value |
| Corporate Stocks, Trust and Mutual Funds | $615,003-$1,300,000 |
| Bank Accounts | $4,676,016-$9,515,000 |
| Residential Properties | $1,030,007-$2,220,000 |
| Retirement Accounts | $115,002-$1,050,000 |
| A/C Receivables | $100,001-$250,000 |
| Total | $6,536,029-$14,335,000 |
Sen. Joe Manchin Net Worth is estimated to be between $6,536,029 and $14,335,000. We have calculated his net worth based on the financial report he had filed with the SEC in 2020.
Senator Joe Manchin Income
Sen. Joe Manchin earns income through different sources. His main source of income is the salary He earns as a West Virginia Senator. Additionally, He earns dividends from His investment in corporate stocks. His other source of income includes residential properties and mutual funds.
Income Source 1: Salary as a Senator
Sen. Joe Manchin’s salary as the senator of West Virginia was $174,000 in 2020. [2]
Income Source 2: Investment and Retirement Plans
Income from investments results in an increase in Sen. Manchin net worth. He receives income from his investment in residential properties, corporate stocks, trusts, and mutual funds. He also receives income from factoring or account receivable accounts.
Summary
| Sources | Income |
| Corporate Stocks, Trust and Mutual Funds | $516,666-$557,949 |
| Bank Accounts | $14,517-$37,500 |
| Residential Properties | $5,884-$9,882 |
| A/C Receivables | $5,001-$15,000 |
| Senator | $174,000 |
| Total | $716,068 -$794,331 |
Sen. Joe Manchin Net Worth increased by $716,068 and $794,331 in 2020. The income figure has been calculated based on the financial report he submitted with the SEC.
Income Source 3: Oil Money
Manchin has received some criticism from the environmentalist community. He did not sign a pledge by the League of Conservation Voters that would prevent him from receiving their support in his future elections.
Manchin was endorsed by West Virginia’s largest coal mining operator Alpha Natural Resources, which is based in Bristol, Virginia. They were satisfied with his work to promote coal production and his opposition to federal regulations such as the Clean Power Plan.
Manchin’s 2014 financial disclosures showed that he had between $1,363,996 and $5,715,000 of investments in fossil fuel companies:
- Alpha Natural Resources (worth $100,001 – $250,000)
- Consol Energy (worth $250,001 – $500,000), Peabody Energy (worth $15,001 – $50,000)
- Arch Coal (worth $1,004 – $15,000)
- Contura Energy (owned by Alpha Natural Resources) worth between $250,001 and $500,000.
Manchin has received at least $435,000 from the coal mining industry throughout his career.
Joe Manchin’s Bio/Early Life
Joe Manchin was born in Farmington on 24th August 1947. He was the son of John and Mary O. Manchin. His father and mother had Italian and Czech ancestry, respectively.
Manchin’s grandfather and father had served as the mayor of Farmington. One of his uncles was A.J. Manchin who had served as West Virginia’s Secretary of State, House of Delegates member, and Treasurer.
In 1965, Manchin graduated from Farmington High School. He obtained a business administration degree from West Virginia University.
Manchin married Gayle Heather Conelly in 1967. The couple has three children. His daughter Heather Manchin Bresch was the first woman to serve as the CEO of a Fortune 500 pharmaceutical company.[3]
Joe Manchin Career
Manchin worked for his family business after graduating with a business degree. He founded Enersystems brokerage in 1988. He passed control of the company to his son Joseph after winning the United States Senate election.
His political career started in 1982 when he became a member of West Virginia’s House of Delegates. In 1986, he won the election of the West Virginia Senate.
Manchin resigned from his state’s senate position in 1996 to run for the governor position. But he lost the primaries to Democrat Charlotte Pritt.
In 2000, Manchin was appointed West Virginia’s Secretary of State. He contested for the state’s governor position again in 2003. This time he won the primary and the general election. It was the first time in the history of West Virginia for a governor to succeed another governor belonging to the same party.
Manchin contested the United States Senate election in West Virginia in 2010. He contested for the Senate seat after the death of incumbent Robert Byrd. In the general election, Manchin defeated rival Republican John Raese.
Manchin won the US senate seat for the second term in 2012. He defeated Raese again with a clear majority.
In 2018, Raese defended his seat by winning the primary and general elections. He defeated Attorney General of West Virginia General Patrick Morrisey by a narrow margin.
The Black Sheep In the Party
Manchin has a conservative stance, unlike most other Democrats. He considers himself a moderate conservative.[4]
He is a member of the Blue Dog Coalition and has supported coal input in West Virginia.
Manchin’s voting record is right-leaning based on ratings from various organizations. He got very high marks from the National Rifle Association (NRA) with an A+ rating. The American Conservative Union (ACU) rated him at 80%.
Manchin currently is against gay marriage but supports civil unions. He wants to ban federal funding for abortions and Planned Parenthood. Manchin has expressed pro-life views.
He was endorsed by the National Right to Life Committee (NRLC).
Manchin opposes amnesty for undocumented immigrants. He voted in favor of building a fence along the Mexican border.
Manchin supports Second Amendment gun rights and co-sponsored S. 2188, which would reauthorize the Federal Assault Weapons Ban. He also introduced legislation to restore the District of Columbia’s right to vote in Presidential elections.
Joe Manchin was one of the senators that voted against the bill that would have allowed for the funds to be used to rebuild the infrastructure in the United States. The vote was 52-47, and it failed to pass. Joe Manchin was one of the only Democrats to vote against the bill.
Manchin opposes closing Guantanamo Bay. He has defended Obama’s plan to close it. He supports background checks for firearm purchases.
Joe Manchin is currently married to Gayle Conelly Manchin, with whom he has three children—Josh, Brooke, and Brooke’s husband Chris.
Manchin is a close friend of former president George W. Bush, whom he knows from his days as Governor of Texas. In 2013, Manchin said that Hillary Clinton would have been a capable Secretary of State. However, by 2017 he had changed his view of her saying “Trump was right, you can’t trust the Russians. You actually can’t trust Hillary.”
He is a member of Bethany United Methodist Church in Fairmont, West Virginia. Manchin also served as a board member for the American Red Cross. By 2019 he was considering running for President of the United States in 2020.
Manchin was one of the most conservative Democrats in the Senate.
Manchin was also ranked as the second-most bipartisan United States Senator in the Bipartisan Index, a metric created by The Lugar Center and Georgetown’s McCourt School of Public Policy to assess congressional bipartisanship.
Joe Manchin Accomplishments
Manchin received an honorary degree from Wheeling Jesuit University in 2006. He received another honorary degree from Davis & Elkins College in 2012.
Joe Manchin Criticisms
In 2014, John Manchin, the brother of Joe Manchin sued him and another brother Roch Manchin.
The lawsuit filed against Joe and Roch Manchin alleged that they had taken a $1.7 million loan for keeping the family carpet business running. But they did not repay the loan. John Manchin eventually withdrew the lawsuit in 2015.
Here are some other criticisms we find:
- Joe Manchin is considered a “Washington insider”
- He has been criticized for his voting record, especially his votes on gun control
- He has also been criticized for being too close to the coal industry and for supporting the Keystone XL pipeline, which would bring oil from Canada to the Gulf of Mexico
- Manchin was criticized after a 2010 campaign ad that called out his opponent’s father-in-law’s criminal record
- Something controversial about Joe Manchin is that he has been known to shoot at political opponents.
- He has also been criticized for voting against immigration reform
- An example of Joe Manchin being criticized for his voting record is a statement from his opponent Patrick Morrissey’s campaign manager who said, “There’s only two ways to stand up for West Virginia – you either stand with Sen. Manchin or against him.”
- A study published in 2018 in the journal Health Affairs found that under the Affordable Care Act, which Manchin supported, the number of uninsured people in West Virginia fell from nearly 17 percent to barely 11 percent.
- Joe Manchin was criticized after a 2010 campaign ad that called out his opponent’s father-in-law’s criminal record
- In 2017, he joined Republicans and voted for a bill to ease banking regulations on some of the country’s biggest banks.
- Manchin got into some hot water with liberal supporters after he voted to confirm Mike Pompeo as the new Secretary of State, as Pompeo had previously made anti-LGBTQ rhetoric and said that Muslims should condemn Islamic terrorists more forcefully than they already do.
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Joe Manchin Biography
| Legal Name/Birth Name | Joe Manchin III |
| Joe Manchin Net Worth | $8,000,000 |
| Pseudonyms | N/A |
| Sources of Wealth | Senior US Senator from West Virginia |
| Date of Birth | 24th August 1947 |
| Place of Birth | Farmington, West Virginia |
| Nationality | American |
| Gender | Male |
| Height | N/A |
| Weight | N/A |
| Religion | Catholic |
| Ethnicity | White |
| Marital Status | Married |
| Partner/Spouse | Gayle Connelly |
| Children | 3 |
| Names of Children | Heather Bresch, Brooke Manchin, Joseph IV Manchin |
Frequently Asked Questions About Joe Manchin
What does Joe Manchin do?
Senator Joe Manchin (D-WV) is a politician and businessman.
Is Tim Manchin related to Joe Manchin?
Joe Manchin is the first cousin of Tim Manchin who was a member of the House of Delegates of West Virginia from 2003 to 2017.
What is Joe Manchin’s title?
Senator Joe Manchin (D-WV) has been serving as a senator from West Virginia since 2010.
Was Joe Manchin’s father a politician?
Joe Manchin’s father, Joe Manchin II, served as the mayor of Farmington. His grandfather, Joe Manchin III, also held the same position.
References
[1]. https://sec.report/Senate-Stock-Disclosures/Manchin%2C+III/Joseph/a7607e49-f151-4bb1-b230-604ab8bdf2c3 – Annual financial report of Sen. Joe Manchin filed in 2020.
[2]. https://www.legistorm.com/member/2814/Sen_Joe_Manchin.html – Salary data of Sen. Joe Manchin filed in 2020.
[3]. https://wvexecutive.com/west-virginias-leading-lady-qa-heather-bresch/ – An article about Sen. Joe Manchin’s daughter Heather Bresch being the first female CEO of a Fortune 500 pharmaceutical company.
[4]. https://www.wsaz.com/content/news/Senator-Manchin-refutes-speculation-of-a-party-switch–400628491.html – An article highlighting the political stance of Sen. Joe Manchin.
