Mike Johnson Net Worth

What is Mike Johnson’s Net Worth?

Mike Johnson has a net worth of $100,000.

Highlights

Mike Johnson is an American politician who gained national recognition when he was elected Speaker of the House in October 2023. He has a net worth of $100,000. Prior to being elected Speaker, he earned a salary of $174,000 as a standard member of the House of Representatives, which increased to $223,500 after his election. In addition to his political career, Johnson has a background in law and previously worked as senior counsel for the Alliance Defense Fund.

Early Life

Mike Johnson was born on January 30, 1972, in Shreveport, Louisiana. He has three younger siblings. His father, Pat, was a firefighter for the Shreveport Fire Department. Unfortunately, Pat was severely injured in a 1984 fire that claimed the life of a fellow firefighter. Following the incident, Pat retired from the fire department and became a HazMat consultant. Despite Mike’s desire to become a firefighter like his father, his parents forbade him from pursuing that career path.

Mike graduated from high school in 1991 and went on to attend Louisiana State University, where he completed his undergraduate studies in 1995. In 1998, he earned a Juris Doctor from Paul M. Herbert Law Center.

Career

Before entering politics, Mike Johnson practiced law for approximately 15 years. He held a significant legal position as senior counsel for the Alliance Defense Fund, where he worked on high-profile cases involving religious freedom. Johnson often represented individuals and entities who believed their religious freedoms were being infringed upon by government actions or regulations.

Additionally, Johnson wrote an amicus brief opposing Lawrence V. Texas in 2003, a landmark Supreme Court case that struck down a Texas statute criminalizing consensual same-sex sexual activity between adults. Through the Alliance Defense Fund, he also supported laws that essentially criminalized homosexuality.

After transitioning to politics, Mike Johnson was elected to the House of Representatives in 2016, representing Louisiana’s fourth Congressional district. He is a member of the Republican Party and advocates for limited government, fiscal responsibility, and a strong national defense. Johnson is known for his support of tax cuts, deregulation, and protecting religious liberties.

During his congressional tenure, Johnson took on significant leadership roles and served as the Chairman of the Republican Study Committee (RSC) for the 116th Congress. The RSC is the largest caucus of conservatives in Congress and plays a vital role in shaping the Republican Party’s legislative agenda and policy discussions.

Johnson’s bipartisan efforts are evident through his co-founding of the Honor and Civility Caucus. This initiative aims to reduce polarization and partisanship in Congress by fostering respectful dialogue and cooperation across party lines.

Personal Life

Mike Johnson married Kelly Renee Lary on May 1, 1999. They have four children named Hannah, Abigail, Jack, and Will. The couple has a “covenant marriage,” which is only recognized in three states. Covenant marriages pose additional challenges in the event of a divorce for those seeking to dissolve the marital union.

Net Worth Over Time

In his 2016 financial disclosure, Mike estimated his net worth to be negative $30,000. However, his subsequent financial disclosures did not show significant improvement. His current net worth stands at $100,000.

Components of Net Worth

In terms of assets, Mike Johnson’s 2022 financial disclosure listed no assets over the amount required for disclosure. However, he and his wife have a home mortgage debt ranging from $250,000 to $500,000, a personal loan of $15,000 to $50,000, and a home equity line of credit ranging from $15,000 to $50,000. These liabilities are held by Citizens National Bank.

While their lack of disclosed assets might suggest a limited financial picture, their mortgage debt may be connected to a home in Benton, Louisiana, estimated to be worth $500,000 to $600,000. If their home were sold for the lower range of the estimated value ($500,000), they could potentially have a net gain of $125,000, which would be considered an asset.

It’s important to note that net worth calculations are based on publicly available information and estimates. Corrections and additional information are always welcomed to provide a more accurate assessment.

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