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It’s boom times for Wisconsin’s congressional delegation: Most members have seen their personal wealth substantially rise since arriving on Capitol Hill, according to a NOTUS analysis of congressional financial disclosures.

That surge in their financial portfolios is primarily driven by real estate, retirement accounts and, in one case, a well-placed billboard, NOTUS’ analysis indicates. In all, five of Wisconsin’s 10 delegation members reported median net worths of more than $1 million in 2024, the most recent year covered by federal disclosures.

Overall, the Wisconsin delegation is much wealthier than the average Wisconsinite, who has a median net worth of about $76,000, according to U.S. Census Bureau data.

Republican Sen. Ron Johnson’s median net worth nearly tripled in recent years, from $24 million in 2010, when he was first elected to the Senate, to $64.9 million in 2024.

One of the assets driving the uptick in Johnson’s median net worth is an industrial building he and his wife own in Oshkosh, Wisconsin. The property was worth between $1 million and $5 million in 2010. In 2024, Johnson valued it at between $5 million and $25 million, according to his latest financial disclosure.

In a decidedly political twist, part of Johnson’s wealth is tied up with his own reelection campaign committee. Federal Election Commission records indicate Johnson’s campaign owes Johnson more than $8 million from personal loans he’s made to the committee. In his 2024 personal financial disclosure, Johnson lists these loans as assets, valuing them between $5 million and $25 million.

Johnson’s office did not respond to requests for comment.

Therein lies a major challenge in pinpointing lawmakers’ net worths: They are only required to publicly disclose the value of their assets and liabilities in broad ranges. So if an asset increased from $4.9 million to $5.1 million, it grew 4%, but the category range (going from $1-$5 million to $5-$25 million) would have increased 400%.

Lawmakers also aren’t required to disclose the value of several assets including personal property, vehicles or their personal residence, although they do have to declare the value of their mortgage as a liability along with other debts including credit card balances and student loans.

To best estimate lawmakers’ wealth, NOTUS calculated the median of their minimum net worth — minimum total assets minus maximum liabilities — and maximum net worth — maximum total assets minus minimum liabilities.

Johnson is hardly alone among Wisconsin lawmakers whose personal wealth has grown substantially while they earn a $174,000 annual salary.

Among the others: Republican Reps. Glenn Grothman, Bryan Steil, Scott Fitzgerald and Tom Tiffany, as well as Democratic Rep. Mark Pocan.

Steil, elected to Congress in 2018, and Grothman, elected in 2014, have both become millionaires since they entered Congress.

Grothman’s median net worth has more than doubled, from $885,000 in 2014 to more than $2.2 million in 2024. Several accounts Grothman disclosed owning in 2014, including state retirement accounts and two individual retirement accounts, steadily increased in value. And the value of a condominium he owns in West Bend, Wisconsin, greatly increased, from a reported minimum value of $15,001 in 2014 to $100,001 in 2024, according to his financial disclosures. The condominium could be worth as much as $250,000, according to Grothman’s latest disclosure.

Grothman’s office did not respond to a request for comment.

Steil’s median net worth more than doubled from 2018 to 2024, from $812,000 in 2018 to nearly $1.9 million in 2024, according to his financial disclosures. Several of Steil’s brokerage and retirement accounts jumped in value, including Vanguard Target Retirement, Mid Cap Growth Index Fund and Strategic Equity Investor accounts. He also added a Vanguard U.S. Growth Fund account worth between $250,001 and $500,000 that’s now among his largest assets.

Steil’s office did not respond to a request for comment.

Fitzgerald’s median net worth increased from $3.5 million in 2021, his first year in the House, to $6.3 million in 2024. His financial disclosure report from 2020, the year he was elected, is blank and has not been amended.

A spokesperson for Fitzgerald did not return a request for comment.

Fitzgerald’s wealth spike is primarily driven by real estate investments. The minimum disclosed value of his Wisconsin farm increased from $500,001 to $1 million over those three years, and he disclosed a property in Watertown, Wisconsin, in 2024 that’s worth at least $250,001. He also disclosed a Big Horn, Montana, property worth between $1 million and $5 million, although the property’s value range did not change between 2021 and 2024.

Tiffany’s median net worth ticked up slightly from $230,000 in 2020 to $296,000 in 2024, according to his latest disclosure.

Some of his income comes from on high: He owns a billboard in Oneida, Wisconsin, worth between $1,001 and $15,000 that consistently generates between $5,000 and $15,000 each year, according to his disclosures.

Tiffany’s office did not respond to a request for comment.

Pocan’s median net worth has also risen, from $541,000 in 2012 to $778,000 in 2024.

Most of his net worth comes from Budget Signs & Specialties, a printing company Pocan fully owns. It sells custom signs, awards and apparel, as well as campaign materials to Wisconsin Democratic candidates, and is valued between $500,001 and $1 million. It was valued between $250,001 and $500,000 in 2012.

Political candidates and committees have paid Pocan’s Budget Signs & Specialties more than $1.2 million since 2004, according to FEC data. That includes about $12,700 so far during the 2026 election cycle, with $7,600 collectively coming from Pocan’s own congressional campaign committee and the committee of Sen. Tammy Baldwin.

Baldwin’s campaign committees and the Democratic Party of Wisconsin are among Pocan’s biggest political customers over the last 22 years, FEC filings indicate.

The state Democratic Party has paid Pocan’s company more than $500,000 for materials such as yard signs and T-shirts since 2008. Committees for Baldwin’s House and Senate campaigns have collectively spent $171,000 since 2004.

In addition, Pocan’s campaign committee has paid his business more than $91,000 for printing and copying services and signs since 2018, according to FEC filings.

Pocan’s office declined to comment on the congressman’s net worth increase and business.

Baldwin’s median net worth has dipped slightly from $623,000 in 2012 to $588,000 in 2024, according to her financial disclosures.

Baldwin’s office said in a statement that the Wisconsin Democrat has “no knowledge of where her assets are invested or the composition of her portfolio” and communicates with her trustee through the Senate Ethics Committee.

One of the delegation’s wealthiest members is also its newest.

Republican Rep. Tony Wied, whose median net worth is nearly $10.1 million, arrived in Washington in 2024 after selling his chain of dinosaur-themed gas stations and convenience stores.

Wied holds between $50,000 and $100,000 in Black Hills Corp., an electric and gas utility in the West, and at least $250,000 in companies that produce tractors, trucks and automotive parts, including an investment in the Canadian National Railway.

That’s notable because Wied sits on the House Agriculture Committee and House Transportation and Infrastructure Committee, where he serves on the subcommittee for rural development, energy and supply chains. These committees have oversight jurisdiction for the industries in which Wied personally invests.

Wied reports his stock trades each month to the House Ethics Committee in compliance with current law and guidelines, spokesperson Aidan Strongreen said.

“Congressman Wied’s investments are managed solely through an independent financial adviser, and he has no role in any of their decisions,” Strongreen said.

Only two members of Wisconsin’s congressional delegation have net worths below the Wisconsin household median, according to a NOTUS analysis of their annual financial disclosures: Republican Rep. Derrick Van Orden and Democratic Rep. Gwen Moore.

Van Orden’s median net worth is -$88,000, while Moore’s is also in the red, at -$75,000, according to their most recent financial disclosures.

On her most recent disclosure, Moore reported no assets. She disclosed a mortgage balance on her home in the range of $50,000 to $100,000. Lawmakers are not required to publicly disclose the value of their personal residence, and most do not.

Moore’s net worth has dropped almost $100,000 from $24,000 in 2008, according to her disclosure.

Van Orden does have some assets, primarily a Navy Mutual Whole Life policy valued between $50,001 and $100,000, his disclosure shows. But his overall net worth is pulled down by a mortgage and a “revolving charge account,” a category that includes credit cards and home equity and personal credit lines.

This story was produced and originally published by Wisconsin Watch and NOTUS, a publication from the nonprofit, nonpartisan Allbritton Journalism Institute.

Here’s how much the wealth of Wisconsin’s congressional delegation has changed since going to Washington is a post from Wisconsin Watch, a non-profit investigative news site covering Wisconsin since 2009. Please consider making a contribution to support our journalism.

Four Republican members of Congress, including gubernatorial frontrunner Tom Tiffany, have introduced a bill that would exempt vehicles in southeast Wisconsin from federally mandated emissions testing. 

The bill was introduced by U.S. Rep. Bryan Steil (R-Janesville) and co-sponsored by Reps. Glenn Grothman, Scott Fitzgerald and Tiffany. Tiffany, the only member whose district does not include the affected area of Milwaukee, Kenosha, Ozaukee, Racine, Sheboygan, Washington and Waukesha counties, also brought the issue up on the campaign trail late last month. 

Seven Wisconsin counties, including Milwaukee, are designated ozone nonattainment areas by the EPA under the Clean Air Act, which subjects vehicle owners in the area to additional regulations such as biennial emissions testing. Federal law allows a state to apply for the waiver if it can prove air pollution originates from out-of-state. 

The bill authors point to a Department of Natural Resources report that showed 10% of the ozone measured in the area comes from Wisconsin while more than a third of it comes across Lake Michigan from Illinois and Indiana. 

“Because of outdated federal rules, hundreds of thousands of Wisconsin drivers in seven counties are forced to complete emissions tests every two years just to renew their registration,” Tiffany said in a statement. “Wisconsin families should not be punished with costly and time-consuming mandates because of pollution drifting in from Illinois and Indiana.”

Studies have shown the highest sources of ozone in the region come from the urban centers of Chicago and Milwaukee.

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Small businesses that paid President Donald Trump’s tariffs have been largely left to fend for themselves as they navigate the administration’s refund system.

In Washington, the lawmakers calling for small businesses to be first in line to receive their share of the $166 billion paid in tariffs say that, for the most part, their hands are tied.

“I’m fighting for that to happen, but most of it’s going to end up playing out in court, but it really matters to our small businesses in particular,” said Sen. Tammy Baldwin, D-Wis.

Baldwin said she met with the owners of a local textile company that laid off staff to afford tariffs on imported fabric — and now they wonder if they’ll get their money back.

In Wisconsin, importers paid $3.5 billion in tariffs from March to December 2025, according to the small business coalition We Pay The Tariffs. More than a dozen Wisconsin companies, including Milwaukee Tool and Kohl’s, have sued the Trump administration for tariff refunds.

U.S. Customs and Border Patrol is currently updating its duty payment processing system to issue refunds at scale. Officials must review more than 53 million entries filed by importers that include emergency tariff payments.

The development of the CBP system’s new functions to receive, process and refund these duties was mostly complete as of last week, according to court filings.

Once the process is set, it becomes a question of who has the resources and know-how to navigate CBP’s refund system. The Trump administration is requiring business owners to file their own claims.

CBP’s updated system will require importers to file a declaration detailing their payments of tariffs under the International Emergency Economic Powers Act, according to an affidavit filed in trade court earlier this month.

“It’s incumbent on smaller importers to do what they need to do to get their money,” said Chris Duncan, a former CBP attorney who currently works as a tariffs and customs lawyer.

Sen. Ed Markey, D-Mass., the ranking member of the Small Business Committee, said that puts small businesses at a disadvantage.

“Small businesses do not have teams of legal and financial experts to submit their forms. Small businesses do not have the time to navigate this convoluted system,” Markey said in a call with business owners last week. “Small businesses need their refunds, and they need them now.”

Markey and 19 other Democratic senators sent a letter to CBP Commissioner Rodney Scott on Friday demanding the agency automatically refund IEEPA tariffs through its existing system rather than the updated one.

“There is no principled reason for the Trump administration to conduct the refund process this way,” reads the letter, reviewed by NOTUS. “CBP already has the payment records it needs to issue refunds.”

Markey — along with Democratic Sens. Ron Wyden and Jeanne Shaheen — also introduced a bill that would require CBP to issue full tariff refunds with interest and prioritize returning money to small businesses.

Without buy-in from Republicans, however, Democratic senators say it will be up to the local communities to pressure the federal government.

“What is going to be most helpful is to create enough pressure in communities, particularly small communities,” Wyden, the top Democrat on the Senate Finance Committee, said.

Rep. Mark Pocan, a Democrat who represents the Madison area, expressed concern about the “dysfunction” that could arise from companies trying to navigate the intricacies of the CBP’s refund system and answer to consumers who shouldered price increases.

“Bottom line is, we never should have done illegal tariffs to begin with. Congress should have stood up, as Democrats had asked for, for our constitutional authority around tariffs, and now we’re going to wind up creating all kinds of dysfunction for businesses and individuals,” Pocan said.

Following the Supreme Court’s 6-3 ruling striking down his emergency tariffs in February, Trump said he would continue his tariff agenda using alternative legal authorities and imposed a 15% global tariff, which Congress must vote to extend later this year.

Trump allies in Congress say the president’s tariffs, which are unpopular among voters, are short-term pain for the long-term gain of balancing the U.S.’s trade relationships and attracting foreign investment.

Nevertheless, when asked if tariff refunds should be passed on to consumers, Rep. Scott Fitzgerald, a Republican who represents suburban and rural areas west of Milwaukee, expressed openness to the idea.

“If it’s something that they could actually draw, like a clear line or a bright line. You know, we had a lot of companies where the tariffs had a direct effect on aluminum out of Canada or textiles out of Vietnam, or — you know, it was all part of the manufacturing process,” Fitzgerald said.

“So I’m not sure how that would shake out either, if it was one element of a larger manufacturing versus, like, a straight retailer who was selling some type of consumer goods.”

This story was produced and originally published by Wisconsin Watch and NOTUS, a publication from the nonprofit, nonpartisan Allbritton Journalism Institute.

Lawmakers are worried small businesses will get left behind in Trump’s tariff refund system is a post from Wisconsin Watch, a non-profit investigative news site covering Wisconsin since 2009. Please consider making a contribution to support our journalism.