Sen. Tommy Tuberville is worth at least $4.5 million, according to his financial disclosures
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- After a 36-year college football coaching career, Sen. Tommy Tuberville joined the Senate in 2021.
- According to his latest financial disclosure, his wealth is estimated to be at least $4.5 million.
- He and his wife have an extensive combined stock portfolio.
Sen. Tommy Tuberville's 36 years of coaching experience in college football, along with the short time he's been in Congress, has helped him build a networth of at least $4.5 million, according to his latest financial disclosure.
Insider calculated Tuberville's minimum estimated net worth by taking his most recently filed US Senate financial disclosure from the 2022 calendar year, adding up the lowest collective estimated value of his reported liabilities, and subtracting it from the minimum estimated value of his collective assets.
Tuberville's disclosure shows he has part of his wealth spread across two bank accounts that he solely owns and six that he shares with his wife, Suzanne, amounting to at least $715,000.
In 2022, over the time frame covered by the disclosure, Tuberville owned two pieces of real estate with his wife: A property he classified as "unimproved land" worth at least $100,001 in Dadeville, Alabama, and a condominium in Florida valued at $500,001 at minimum.
According to a recent Washington Post report, Tuberville has sold his land in Alabama for close to $1.1 million and the condo for $850,000. In its place, he reportedly bought a replacement condo for $825,000.
Tuberville and his wife are also prolific stock traders — they collectively reported having more than $3.4 million invested in various stocks and options including more than $500,000 in shares of the United States Steel Corporation and more than $600,000 in Apple. They also reported having more than $750,000 invested in mutual funds and ETFs.
The disclosure also notes that Tuberville owned several futures contracts in soybeans, cattle, and corn while simultaneously sitting on the Senate Committee on Agriculture, Nutrition, and Forestry.
When asked about his reported investments, Tuberville's press secretary told Insider that he has financial advisors do his day-to-day trading for him.
As Insider previously reported in 2021, Tuberville holds investments in several companies that produce COVID-19 tests, treatments, and vaccines: Pfizer, Johnson & Johnson, and 3M.
In addition to Tuberville's plethora of investments, he reported that he receives a monthly pension stipend from the state of Alabama — in 2022, he received a total of $43,246 from it — in addition to a pension plan that has yet to begin paying out from the University of Miami.
While it's not listed on his financial disclosure, Tuberville earns $174,000 each year from the government as a current US Senator.
And more than a decade after the now-controversial movie's release, Tuberville reportedly still has a royalty agreement in place with Warner Bros. stemming from his brief cameo in "The Blind Side."
As for his reported liabilities, the 68-year-old isn't one of the handful of members of Congress with student loans. He did report that he's still paying off two mortgages that are collectively worth at least $1 million. He also reported a "revolving charge" connected to his American Express account estimated at at least $10,000.
Making the most of his short time in office
In 2020, Tuberville was elected to represent Alabama in the US Senate after trouncing Trump's former attorney general, Jeff Sessions, in the state's GOP primary election runoff and then incumbent Sen. Doug Jones in the general election.
Since taking office in 2021, Tuberville's sat on several committees, including the Senate Armed Services Committee and the Committee on Agriculture, Nutrition, and Forestry.
In February, months after the Supreme Court overturned decades of precedent regarding abortion access, the Pentagon announced a plan to reimburse service members who travel out of state for abortion services. In response, Tuberville said he'd use his power to prevent military nominations and promotions from passing through the Senate until the policy is reversed.
Since then, Tuberville has singlehandedly blocked more than 300 promotions from passing through the Senate via a "unanimous consent" process, leaving three branches of the military currently without a Senate-confirmed leader for the first time in US history.
In mid-August, Tuberville reiterated on a podcast that he has no intention of stopping his hold on nominations anytime soon, saying "I don't care if they promote anybody to be honest."
Contributer : Business Insider https://ift.tt/SFPngkj
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