How Rich is Montana Senator Jon Tester; Jon Tester’s Net Worth Revealed

As a big name in American politics, senator from Montana Jon Tester’s net worth is a topic of great interest to the general public. In the next piece, we’ll take a closer look at his finances, assets and investments, as well as any other relevant information.

Who is Jon Tester?

Born August 21, 1956 in Havre, Montana, Jon Tester is a prominent figure in American politics. Since 2007, he has served as a senior United States Senator from Montana. As a member of the Democratic Party, Tester is known for his moderate stance on various issues, often bridging the divide between left and right in Congress. Before his political career, he was a farmer and maintained his family’s ranch in Big Sandy, Montana.

Jon Tester’s net worth

Jon Tester’s net worth is estimated to be around $2.4 million. This figure combines his income from his senatorial salary, his farming business and various investments. As a public servant, Tester’s financial disclosures provide insight into his wealth, revealing to us a diverse portfolio of assets.

How did Jon Tester make his money?

From what we’ve been able to gather, Jon Tester’s income sources appear to be quite varied, reflecting both his careers in politics and farming. Here is a breakdown of his earnings:

  • Senatorial salary: As a U.S. senator, Tester earns an annual salary of $174,000. This salary has been consistent since he took office in 2007;
  • Farm: Before entering politics, Tester was a full-time farmer. He remains involved with his family farm, which contributes significantly to his income. The farm’s income fluctuates based on agricultural market conditions but remains a substantial portion of its net worth;
  • Book sales and speaking engagements: Like many politicians, Tester has written a book and participates in paid speaking engagements, further supplementing his income.

Assets and investments of the tester

Tester’s assets are spread across agricultural investments, land and real estate. According to OpenSecrets, as of 2018 he had 8 assets totaling between $1,534,008 and $6,160,000. These assets include:

  • Farmland Crop Production: $1,000,001 – $5,000,000;
  • T-Bone Farms Inc: $500,001 – $1,000,000;
  • Wells Fargo Bank (Big Sandy, MT) Checking: $15,001 – $50,000;
  • United States Senate Federal Credit Union: $15,001 – $50,000;
  • Montana Retirement System Brokerage, IRA, 401k: $1,001 – $15,000;
  • DWS GNMA Fund mutual fund: $1,001 – $15,000;
  • DA Davidson: $1,001 – $15,000;
  • US electricity: $1,001 – $15,000.

Involvement in insider trading

There is no public record of Tester’s involvement in insider trading. Additionally, the Montana senator has been active in efforts to ban insider trading in Congress. He introduced the Stop Trading on Congressional Knowledge (STOCK) Act, which prevents members of Congress and their employees from using the knowledge they have acquired through congressional work for personal financial gain.

How much is Jon Tester worth?

Jon Tester’s net worth is approximately $2.4 million, which makes him a fairly wealthy member of the United States Senate. But just because you’re a millionaire doesn’t mean you’re among the top politicians in America, as strange as that may sound. Some of Tester’s colleagues are miles apart from him in terms of personal wealth.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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