Tina Smith Net Worth and Income Sources

Tina Smith Net Worth Overview

Tina Smith net worth is about $5 million,  according to various online sources.

Tina Smith is a former lieutenant governor of Minnesota and served at this position from 2015 to 2018 before being appointed as a senator. The seat was vacated by Al Franken due to allegations of sexual misconduct. Tina Smith managed to win the 2018 special election to serve the remainder of Franken’s term. She defeated Republican Karin Houseley, who is also a Minnesota state senator.

Tina Smith is among the richest senators in the United States and has stock holdings worth nearly $5 million or even above $12 million[1]. The vast majority of her wealth comes from her diverse portfolio in various publicly traded companies. 

Tina Smith Net Worth: Investment and Assets

Tina Smith earns $174,000 as a senator from Minnesota. But she does not rely on her income from the government and derives wealth from hedge fund securities, mutual funds, and stock holdings. A cursory look at the value of her stock portfolio shows emphasis on medical industry stocks such as Cogenix, Insulet, Medtronic, and Boston Scientific.

Below is a quick look at some of her biggest assets. 

It is difficult to precisely calculate Tina Smith’s net worth because she has listed the value of her holding in wide ranges. As such, a rough estimate has to be calculated in order to arrive at a number. Most conservative estimates suggest that tina Smith has about $5 million in stock holdings, mutual funds, and other assets [2]. 

Senator Tina Smith Income

Tina Smith draws a considerable salary as a senator. However, the primary source of her income comes from stock holdings that she owns with her husband. Before entering local politics, Tina Smith worked at General Mills as a marketer. She started her own marketing firm and consulted various businesses. 

Income Source 1: Salary as a Senator

Tina Smith earns about $174,000 as a US Senator [3]. She has been serving at the post since 2018.

Income Source 2: Investments

Tina Smith has a considerable stock portfolio that inflates her net worth to over $12 million and beyond. Her salary as a Minnesota senator isn’t that high compared to her vast investment portfolio. 

Tina Smith Biography and Early Life

Tina Smith was born in Albuquerque, New Mexico on March 4, 1958.  Her mother was a teacher and her father worked as a lawyer. She went to Acequia Madre Elementary in Santa Fe, New Mexico, and moved to Northern California for her high school. Smith began working on the Trans-Alaskan Pipeline in Alaska and accrued considerable experience in the area [4]. 

She graduated from Stanford University with a degree in Political Science. Later on, she attended Tuck School of Business at Dartmouth College for a master’s degree in Business Administration.

Tina Smith wasn’t always a career politician and primarily worked a marketing job at General Mills. It wasn’t until the 1990s that she would consider pursuing a career in local politics. She started by volunteering for DFL campaigns in Minneapolis. 

The plane crash of Senator Paul Wellstone created an unexpected entry point for Tina Smith into politics. Unfortunately, Senator Paul Wellstone died from his injuries and Tina Smith would unsuccessfully manage the campaign of Ted Modale in 1998. The election was a close call and ended up in defeat for Tina Smith, but the experience provided her with valuable experience. 

Tina Smith would join Planned Parenthood as a vice president in Minnesota North Dakota, and South Dakota

The Career of United States Senator Tina Smith 

Governor Dayton announced Smith would be his running mate, citing her considerable experience with legislative work for new Minnesota Vikings Stadium and her support for the Destination Medical Center project in Rochester.

Smith has her sights set on the campaign for lieutenant governor and would vacate as Dayton’s chief of staff. She was nominated at the DFL state convention and faced almost no opposition. Smith defeated Republicans Jeff Johnson and Bill Kuisle in the election.

Tina Smith was named as the 48th lieutenant governor of Minnesota. Smith served at this position until she was appointed to the United States Senate seat. Smith’s peers noted that she played a more major role in legislative negotiations than her predecessors.

Smith was appointed by the Dayton Administration to fill the United States Senate seat that was previously held by Al Franken, who vacated the position due to allegations of sexual misconduct. Smith rallied her democratic peers to select her as the party’s candidate in the special election to fill Franken’s seat. 

Tina Smith Accomplishments

Tina Smith has been the recipient of numerous awards. July 29, 2021, she has received the AVMA Advocacy Award for her contributions to the veterinary profession. [5]

The American Wind Energy Association recognized Senator Tina Smith for her support of wind power and named her the 2020 Wind Champion. Smith 

Tina Smith Controversy 

Tina Smith has mostly kept a low profile as the Junior United States Senator. The American politician hasn’t had any major controversies that are worth discussing. This is one of the main reasons why the Democratic Party can trust Tina Smith with confidence in her abilities. 

It is worth mentioning that Tina would fill the senate seat held by Al Franken, who would resign amid allegations of sexual misconduct [6].

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Tina Smith Biography 

Frequently Asked Questions About Tina Smith 

When was Tina Smith born?

Tina Smith was born on March 4, 1958

How old is Tina Smith of Minnesota?

Tina Smith turned 63 years in 2021.

Is Tina Smith Dating Anyone? 

There is no information on Tina Smith dating anyone because she is married to Archie Smith. Tina has two sons with Archie Smith. 

Why Did Governor Dayton Announced Smith as his Running Mate?

Governor Dayton cited Smith’s prior experience in legislative work and her contributions to the Destination Medical Center project in Rochester.. 

How Did Tina Smith React to the Death of Senator Paul Wellstone?

Tina Smith managed President Walter Mondale’s campaign for the vacated United States Senate seat. However, Mondale went on to lose the election and Smith began working as a vice president at Planned Parenthood in North Dakota and South Dakota. 

Did Smith Support the Certification of the Count in Minnesota? 

Tina Smith supported the certification of the count and demanded Former President Trump’s immediate removal from the office. 

How Did Tina Smith Become Senator?

Dayton selected Smith to fill the Senate seat that was vacated by Al Franken.

Where is Senator Tina Smith from?

Tina Smith is from Albuquerque, New Mexico.

References

[1]https://www.mprnews.org/story/2018/05/04/sen-smith-has-net-worth-of-at-least-5-million – A moderate estimate of Tina’s wealth. 

[2] https://www.opensecrets.org/personal-finances/tina-smith/assets?cid=N00042353&year=2018 – Tina Smith detailed breakdown of net worth 

[3] https://ballotpedia.org/Tina_Smith – Tina Smith salary 

[4] https://www.lcsun-news.com/story/news/politics/2018/03/26/senator-tina-flint-smith-who-stepped-into-minnesota-role-has-deep-new-mexico-roots/458768002/ – Tina Smith’s work in the Trans Alaskan Pipeline. 

[5] https://www.avma.org/news/press-releases/avma-recognizes-us-senator-tina-smith-advocacy-award – Tina’s AVMA award

[6] https://www.npr.org/sections/thetwo-way/2017/12/13/570476131/minnesota-lt-gov-tina-smith-will-replace-al-franken-in-u-s-senate – Tina Smith replaces Al Franken