Net Worth Ranker
What Is Mike Johnson’s Net Worth?
Mike Johnson, an American politician who rose to national prominence as Speaker of the House in October 2023, has a reported net worth of approximately $100,000. This figure, however, is based on financial disclosures that paint a somewhat complex financial picture. His elevation to Speaker of the House occurred on October 25, 2023, following the removal of Kevin McCarthy from the position and unsuccessful attempts by several other Republicans, including Jim Jordan, to secure the role.
Salary and Financial Disclosures
Prior to becoming Speaker, Mike Johnson’s annual salary as a member of the House of Representatives was $174,000. Upon his election as Speaker, his salary increased to $223,500 per year. In 2022, he also supplemented his income by approximately $30,000 through teaching online courses for Liberty University. However, financial disclosures reveal a more detailed look at his overall financial status.
In his initial financial disclosure in 2016, Mike Johnson estimated his net worth to be a NEGATIVE $30,000. Subsequent financial disclosures did not significantly improve this picture. The 2022 disclosure, filed in August 2023, indicated that Mike and his wife did not have any reported checking or savings accounts. While it is likely they held such accounts, the balances were presumably below $5,000, the threshold requiring disclosure. In terms of assets, the 2022 financial disclosure listed none that exceeded the disclosure threshold.
On the liability side, the Johnsons reported a home mortgage debt ranging from $250,000 to $500,000, a personal loan between $15,000 and $50,000, and a home equity line of credit also ranging from $15,000 to $50,000. All three liabilities are held by Citizens National Bank. The absence of listed assets doesn’t provide a complete financial overview. The mortgage debt is tied to a home in Benton, Louisiana, with a potential value estimated between $500,000 and $600,000 based on comparable property values in the area.
If we consider the median of their mortgage debt range, approximately $375,000, and the lower end of the estimated home value, $500,000, subtracting the debt from the potential asset (the house) would yield a net gain of $125,000. This calculation provides a more comprehensive understanding of Mike Johnson’s net worth. Considering these factors, a more reasonable estimate of Mike Johnson’s net worth, taking into account the value of his home and outstanding debts, is approximately $100,000.
Early Life and Career Before Politics
Born on January 30, 1972, in Shreveport, Louisiana, Mike Johnson is the son of Pat Johnson, a firefighter for the Shreveport Fire Department, who later became a HazMat consultant after being severely injured in a 1984 fire. Mike graduated from high school in 1991 and subsequently earned a degree from Louisiana State University in 1995. He furthered his education by obtaining a Juris Doctor from Paul M. Herbert Law Center in 1998.
Before entering politics, Mike Johnson practiced law for approximately 15 years. A significant part of his legal career was spent as senior counsel for the Alliance Defense Fund (now Alliance Defending Freedom). In this role, he worked on various cases, often representing individuals or entities who believed their religious freedoms were being violated. Notably, in 2003, he authored an amicus brief opposing Lawrence V. Texas, a Supreme Court case that ultimately struck down a Texas statute criminalizing same-sex sexual activity between consenting adults. He also supported laws that criminalized homosexuality. His work involved advocating for what he viewed as the protection of religious liberties, often engaging in legal battles concerning issues of religious freedom and the intersection of law and faith. As Speaker of The House, Mike Johnson’s net worth remains consistent with earlier estimates based on updated financial disclosures.
Congressional Career and Policy Positions
Elected to the House of Representatives in 2016, representing Louisiana’s fourth Congressional district, Mike Johnson has consistently advocated for policies aligned with conservative principles. He supports limited government, fiscal responsibility, and a strong national defense. His voting record reflects a commitment to tax cuts and deregulation, which he believes stimulate economic growth and job creation. He is also a proponent of a national abortion ban. The Speaker of The House, Mike Johnson’s net worth has remained largely unchanged during his Congressional career.
Beyond economic issues, Johnson is a staunch defender of the First Amendment and religious liberties. His prior experience litigating religious freedom cases has provided him with a platform to address perceived threats to religious liberty in America. On immigration, he supports securing U.S. borders and addressing issues related to illegal immigration. He believes in a robust legal immigration system while emphasizing the importance of upholding the rule of law.
During his congressional tenure, Mike Johnson has held significant leadership roles. He served as Chairman of the Republican Study Committee (RSC) for the 116th Congress. The RSC is the largest caucus of conservatives in Congress and plays a crucial role in shaping the legislative agenda and policy discussions within the Republican Party. Furthermore, Johnson co-founded the Honor and Civility Caucus, an initiative aimed at reducing polarization and partisanship in Congress. These roles have likely influenced his visibility and influence within the Republican Party.
Personal Life and Marriage
Michael Johnson married Kelly Renee Lary on May 1, 1999. They have four children: Hannah, Abigail, Jack, and Will. Michael and Kelly are in a “covenant marriage,” which is only legal in three states and provides an extra level of challenge in the event of a divorce. There are no specific details about personal investments. The Speaker of The House, Mike Johnson’s net worth, is intertwined with the financial responsibilities of his family.
