American politician Kevin Owen McCarthy (born January 26, 1965) served as the 55th Speaker of the House of Representatives from January to October 2023. He is the Republican representative representing the whole San Joaquin Valley, which is part of California’s 20th congressional district.
Kevin McCarthy Net Worth
American politician Kevin McCarthy has a $300k net worth. Kevin McCarthy earned $175,000 per year as a senior member of Congress. He earned $223,500 each year as the House Speaker. Kevin’s net worth in 2018 was $223,002, according to his most recent financial report. At that time, the value of his assets was between $181,000 and $415,000, while his liabilities were between $100,000 and $200,000.
He had two debts of $50,000 to $100,000 reported on his financial disclosure: a mortgage on his own residence in Bakersfield, California, and a Department of Education loan for a kid who was financially dependent on him. In 2014, he disclosed a high personal wealth of $300,000. He ranks as the 270th wealthiest representative in the House as of this writing.
Republican Kevin McCarthy represented California’s 32nd Assembly District from December 2002 until his term ended in November 2006. From January 2004 until April 2006, McCarthy was the Minority Leader of the California State Assembly. From January 2009 to January 2011, McCarthy was the Chief Deputy Whip of the House Republicans.
In January 2007, Kevin was elected to represent California’s 22nd congressional district. He then moved to the 23rd district in 2013 and the 20th district in 2023. McCarthy was the House Majority Leader from August 2014 to January 2019, after having previously served as the House Majority Whip from January 2011 until August 2014.
In addition to Kevin’s leadership roles with the Young Republican National Federation and the California Young Republicans, he also served as House Minority Leader from January 2019 until January 2023. Together with Eric Cantor and Paul Ryan, he authored the book “Young Guns: A New Generation of Conservative Leaders,” which came out in 2010.
Although McCarthy first said that Trump “bears responsibility” for the rebellion that occurred on January 6, 2021, he subsequently claimed that Trump didn’t encourage the attack on the Capital because of Trump’s bogus assertions that the 2020 presidential election had been stolen.
According to reports from February 2021, McCarthy and Trump got into an argument when Kevin requested for aid during the rebellion and Donald refused, saying, “Well, Kevin, I guess these people are more upset about the election than you are.”
In the early hours of January 7, 2023, McCarthy made history when, after being voted down for Speaker of the House 14 times, he was eventually voted in on the 15th ballot. Not having the Speaker of the House elected on the first try was a first since 1923. His resignation as speaker took effect on October 3, 2023.
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Kevin McCarthy Actual Property
McCarthy and his wife are the proud owners of a 1,571 square foot property in Bakersfield, California. Kevin and Judy have lived in their 1996 house since then, and it features three bedrooms and two baths. McCarthy disclosed a mortgage balance between $50,001 and $100,000 in his 2019 financial declaration for a residence with an estimated market value of around $300,000.
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