Senator Mike Braun Net Worth Overview

Mike Braun net worth is about $136.8 million according to online sources [1].

Mike Braun is the current Republican senator from Indiana. He is also a summa cum laude from the Harvard Business School. As a junior United States senator, he generates most of his income from stakes in various companies. 

He is also a great American businessman. Braun steered his family business from the brink of ruin in the 1980s to prosperity after pivoting to selling truck accessories from selling truck bodies [2]. 

Estimated Net Worth of Senator Investment and Assets

Mike Braun net worth includes assets such as bank deposits, retirement plans, government securities, life insurance, and mutual funds. Mike Braun’s net worth also includes nearly $550,000 in liabilities, including a line of credit and two mortgages.

Based on various calculations for Mike Braun net worth, his worth for the year 2020 is $136.8 million.

Mike Braun’s earning as a senator from Indiana district is $174,000 [3]. Like most wealthy senators, this salary is a drop in the bucket compared to what he makes directly off his business interests and investments. 

A quick look at his wealth shows that the vast majority of his wealth comes from private stock in Meyer Distributing, a Jasper-based company, worth anywhere from $20 to $50 million. According to the US Senate Ethics Committee, Braun earned nearly $18.5 million from his stock holdings [4]. 

Mick Braun also owns real estate properties alongside his wife, Maureen. Together, they own and rent assets worth anywhere from $9 million to $38 million, according to sources. 

Notable properties include 815 acres of land in Griffin worth anywhere from $565,000 to $1.15 million; 750 acres of land between Mount Vernon and Evansville, with a total value of $250,001 to $500,000; and over 90 acres of land in Owensville worth $50,001 to $100,000. He also owns an undisclosed amount of land in Jasper and French Lick which is worth a whopping $36 million, according to sources. 

Other properties worth mentioning include the property and building for Finishing Touches, a home furnishings store owned by Ms. Maureen in Jasper. This property has a value of $500,000. 

Together, the husband and wife duo own five checkings and savings account between them, totaling anywhere from $200,000 to $540,000 or more [5]. 

Senator Mike Braun Income

Mike Braun’s income source includes his salary as the senator. 

But the senator also earned $180,000 from his position at Meyer Distributing, plus nearly $38,000 from Indiana. Maureen Braun, his wife, earned $225,000 from Finishing Touches. 

Income Source 1: Salary as a Senator

Mike Braun earns about $174,000 as a US Senator. He has been serving the post since 2019.

Income Source 2: Investments

Mike Braun earns derives the majority of his income from various business interests and stock in Meyer Distributing and Meyer Body Inc. He also earns rental income from real estate assets. The table below summarizes his income from investments that contribute to his net worth.

 As per the public disclosure statement, the Indiana Senator’s net worth is increasing by an estimated  $136.8 million due to his investments. 

Mike Braun’s Early Life 

Mike Braun was born on March 24, 1954, in Jasper, Indiana.  He attended Jasper High School and also served as a member of the Jasper School Board from 2004 to 2014. 

His father was a successful American businessman who manufactured truck bodies for farmers. The business did poorly in the mid-1980s but recovered under Braun’s leadership. 

Mike Braun showed promise as an athlete and was a three-sport star athlete due to his prowess in football, track, and basketball.

He attended the all-male Wabash College, where he was a member of Phi Delta Theta fraternity. The three-sport star athlete later married Maureen, his Jasper high school sweetheart. The couple has four children together [6]. 

Senator and Governor Braun Career

Mike went on to earn a degree in Economics from Wabash College. He graduated summa cum laude and served as President of the Student Body. Mike also attended Harvard Business School to earn his MBA in 1978. 

He would co-found Crystal Farms, Inc., a successful business that would grow to become one of the largest third-party logistics specializing in turkey in the Midwest. 

Mike had his eyes set on moving from the manufacturing sector to the distribution markets. This resulted in the formation of Meyer Distributing. Today, Meyer is reputed as an industry leader in auto parts distribution. 

Mike Braun Accomplishments

Mike Braun demonstrated his leadership skills time and time again from his high school years through to college and beyond. He saved his father’s business from completely falling apart and led it to a multi-million dollar company. Together with his wife, he grew a large real estate business and owns hundreds of acres that generate thousands in revenue. 

He also acquired Meyer Body Inc and grew it into one of the most influential logistics companies in Indiana. But his biggest accomplishment yet was winning the election campaign for the U.S. Senate. 

Before starting his US senate race in 2017, Braun resigned from the state House on All Saints Day. He won the Senate election in 2018 as the Republican Primary by defeating the likes of Todd Rokita and Luke Messer. 

Mike Braun Controversy

Senator Mike Braun has enjoyed a controversial free career with next to no feuds and has earned admiration from friends and rivals alike. However, there are a few negative aspects of his career that merit discussion. He voted for Democrats from 1996 until 2012 and likely contributed to the victory of Barack Obama, a staunch opponent of the Republican Party and its policies. 

This discovery may well have ended any hopes for his political ambitions but Mike Braun managed to do well in his senate campaign. His excuse for voting Democrat is that Dubois County at the time didn’t have any Republican candidates. This excuse did not fly well with his base because Dubois county has been a swing county with a strong Republican presence. 

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Mike Braun Biography 

Frequently Asked Questions About Mike Braun 

References

[1]https://www.opensecrets.org/personal-finances/mike-braun/net-worth – A quick look at his net worth 

[2] https://www.meyerdistributing.com/en-us/company/aboutus.aspx – His business career in the trucking industry 

[3]https://ballotpedia.org/Mike_Braun – Mike Braun salary

[4]https://www.ibj.com/articles/68981-us-sen-candidate-mike-brauns-assets-worth-35m-to-96m – Mike Braun’s assets 

[5]https://www.opensecrets.org/members-of-congress/mike-braun/industries?cid=N00041731&cycle=2020 – Mike Braun’s real estate holdings

[6]https://www.the-sun.com/news/2084691/indiana-senator-mike-braun-maureen-wife/ – Mike Braun’s wife