LoginHere’s how much the wealth of Wisconsin’s congressional delegation has changed since going to Washington
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.
