Joni Ernst Net‌ ‌Worth and Income Source

Joni Ernst Net‌ ‌Worth Overview

Senator Joni Ernst’s net worth is estimated to be around -$200,000, according to their financial disclosure [1].

The Senator’s net worth is negative because their liabilities exceed their assets by a wide margin. 

Joni Ernst Net‌ ‌Worth: Assets and Liabilities

Senator Joni Ernst’s net worth is approximately -$200,000. The Iowa Senator’s Assets and Liabilities are summarized below

Joni Ernst Net‌ ‌Worth: AssetsMinimum ValueMaximum Value
Mutual Funds$214,032$860,000
Retirement Account$2,002$30,000
Joni Ernst Net‌ ‌Worth: LiabilitiesMinimum ValueMaximum Value

Our Joni Ernst net‌ worth is based on a detailed breakdown of these assets [2] and liabilities [3] which we included in the Appendix at the end.

Senator Ernst was elected to Senate in a special election in 2011.  Credit: National Association of Counties

Senator Joni Ernst Income

Senator Ernst earns income from two primary sources. She earns $174,000 per year as a Junior Senator for Iowa. She also likely earns income from mutual funds.

Income Source 1: Salary from the US Senate

Senator Ernst was elected as Junior Senator from Iowa in 2011. She receives the default US Senator salary of $174,000 [4].

Senator Ernst ran for Senate as a Republican.  Credit: Vox

Income Source 2: Earnings from Mutual Funds

Senator Ernst owns mutual funds valued between $214,032 and $860,000. The Iowa junior Senator has not disclosed her earnings from these mutual funds. This makes it difficult to offer an accurate figure of her income from this source.

Senator Ernst has a negative net worth due to owning multiple liabilities.  Credit: NBC News

Senator Joni Ernst Liabilities

Senator Ernst has listed four liabilities in her financial disclosure from 2018. Each of these is a mortgage valued between $250,001 and $500,000. This puts her total liabilities between $1,000,004 and $2,000,000

The high value of these liabilities places the Iowa Junior Senator’s net worth in the negative, as shown in our Joni Ernst net worth estimate above.

Senator Ernst supported Donald J Trump during his 2016 Presidential run.  Credit: The Des Moines Register

Joni Ernst Bio/Early Life

Joni Kay Ernst was born on July 1st, 1970, in Montgomery County, Iowa, USA. She is the daughter of Richard Culver and Marilyn Culver. 

The young Ernst grew up on her parents’ farm near Red Oak, Southwest Iowa. She attended Stanton Community School District high school and was valedictorian prior to graduating.

Ernst then attended Iowa State University and graduated with a Bachelor’s degree in Psychology in 1992. She also studied at Columbus college and received a Master’s degree. The young Iowan joined the Reserve Officers’ Training Corps (ROTC) while at Iowa State University. She then married Army Major Gail Ernst [5].

Ernst joined the US Army Reserves and served in Kuwait and Iraq as a company command officer between 2003 and 2011. Ernst then served as a commanding office with the Iowa Army National Guard. Following her service with the Iowa Army National Guard, Ernst worked as Montgomery county auditor from 2005 to 2011.

Political Career

Near the start of her political career, Ernst was elected to the Iowa State Senate as a Republican under a special election in 2011. After serving in the Iowa State Senate, the Senator ran for the United States Senate in 2014, citing her experience in politics and growing up on a farm as making her qualified for the Iowa seat. She won the election, making her Iowa’s newest Senator since Tom Harkin.

Senator Ernst notably campaigned on the notion of abolishing the Energy Protection Agency and the US Department of Education. She also aimed to repeal the Patient Protection and Affordable Care Act (PPACA). 

As Senator, Ernst aimed to nullify Federal laws she believed were in conflict with state rights. She formed an alliance with traditional Republicans as well as Tea Party members during her 2014 campaign and holds staunchly conservative views.

Sen. Ernst expressed her support for Donald J Trump during his 2016 Presidential run. She continued to support the 45th President of the United States’ policies, when Ernst voted to repeal the PPACA in 2017. However, this legislation failed to pass.

Senator Joni Ernst Accomplishments 

Senator Ernst has many accomplishments under her belt. She was the first female politician to be elected as Senator for Iowa. 

This Republican party politician also helped introduce a recission package in an effort to support President Donald Trump in his bid to reduce previously approved spending. In 2017 she voted to confirm Betsy DeVos for the position of Education Secretary under the Trump administration [6].

Senator Joni Ernst Criticisms

Senator Ernst has received much criticism before and during her terms as Junior Senator for Iowa. During her 2014 Senate run campaign, the Iowan spent $9,000 to air a television ad in which she referenced her experience “castrating hogs on an Iowa farm” and promised to apply her pork-cutting skills in Washington to “make ‘em squeal” [7].  

In 2020, Senator Ernst was criticized for jumping the vaccine queue to get her COVID-19 vaccine. This incident occurred after the Senator spent many months criticizing doctors for inflating COVID-19 deaths for money [8].

Senator Joni Ernst campaign video

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Joni Ernst Biography 

Legal Name/Birth NameJoni Kay Ernst
Joni Ernst Net‌ ‌Worth-$200,000
Sources of WealthJunior US Senator from Iowa,Mutual Funds, 
Date of BirthJuly 1st, 1970
Place of BirthMontgomery County, Iowa, United States
Marital StatusDivorced
Partner/SpouseGail Ernst (married. 1992, divorced. 2019)
Names of ChildrenLibby Ernst

Frequently Asked Questions About Joni Ernst

When was Joni Ernst born?

Senator Ernest was born on July 1st 1970. She is currently 52 years old.

What does Senator Ernst do?

Senator Ernst was an army officer prior to being elected as Junior Senator for Iowa.

Who is Joni Ernst’s daughter?

Senator Ernst has a daughter with her ex-husband Gail Ernt named Libby Ernst.

Who is Joni Ernst Dating?

Senator Ernst keep her personal life private and hasn’t disclosed who she is dating.


Joni Ernst Net Worth from Mutual Funds

Joni Ernst Net Worth: AssetMinimum ValueMaximum Value
VAFAX-Invesco American Franchise A$50,001$100,000
Invesco American Franchise Fund$50,001$100,000
American Funds New Perspective Fund$30,002$100,000
Transamerica Asset Allc Moderate Fund$15,001$50,000
Transamerica Asset Allc Moderate C$15,001$50,000
Invesco Growth and Income Fund$15,001$50,000
Invesco Growth & Income$15,001$50,000
VY Invesco Comstock Port I$2,002$30,000
TransAmerica PIMCO Total Return$2,002$30,000
TransAmerica BlackRock Tactical Allocation$2,002$30,000
TransAmerica BlackRock Global Allocation$2,002$30,000
American Funds Washington Mutual Investors Fund$2,002$30,000
American Funds The Growth Fund of America$2,002$30,000
VY T. Rowe Price Capital Appreciation Pt. Srv.$1,001$15,000
VY T Rowe Price Capital Appreciation Pt Srv$1,001$15,000
VY Invesco Grw & Income Portfolio$1,001$15,000
VY Invesco Grw & Inc Port. Srv$1,001$15,000
Voya Large Cap Value Port Inst.$1,001$15,000
Voya Large Cap Value Port$1,001$15,000
Voya Growth and Income Port I$1,001$15,000
Voya Growth & Income Port I$1,001$15,000
Voya Global Value Advantage Port I$1,001$15,000
IIGZX – Voya Global Value Advantage Port I$1,001$15,000
Fidelity VIP Contrafund Port$1,001$15,000
Fidelity VIP Contrafund$1,001$15,000

Senator Joni Ernst Net Worth from Retirement Accounts

Joni Ernst Net Worth: Retirement AccountMinimum ValueMaximum Value
State of Iowa Retirement$2,002$30,000

Senator Joni Ernst’s Liabilities are shown below

Joni Ernst Net Worth: LiabilitiesTypeMinimum ValueMaximum Value
BB&T Mortgage Charlotte, NCMortgage$250,001$500,000
BB&T Mortgage Charlotte, NCMortgage$250,001$500,000
US Bank Home MortgageMortgage$250,001$500,000
US Bank Home Mortgage Owensboro, KYMortgage$250,001$500,000
Total $1,000,004$2,000,000


[1]. – Joni Ernst net worth

[2]. – Joni Ernst Assets

[3]. – Joni Ernst liabilities

[4]. – US Senator default salary

[5]. – Joni Ernst Early Life

[6]. – Joni Ernst Betsy DaVos confirmation

[7]. – Joni Ernst controversial campaign video

[8]. – Joni Ernst COVID-19 vaccine criticism

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