|Joe Manchin is a senior senator from West Virginia with a net worth of $8 million. |
He amassed his wealth by running a successful business for two decades.
He is the father of famous CEO Heather Manchin Bresch.
Joe Manchin is an American politician currently serving as the senior United States senator from West Virginia. He is also a businessman and founder of iconic companies like Enersystems.
He gained a lot of recognition when he opposed the energy policies of then US President Barack Obama. Courtesy of his business and political career he has been able to amass great wealth.
It is fair to say that he is one of the richest politicians in the United States. Currently, his net worth is $8 Million. The good thing is that he uses his wealth to great use. He has been associated with a large number of charitable organizations.
Profile Summary of Joe Manchin
|Full Name||Joseph Manchin III|
|Profession||Politician and Businessman|
|Source of Income||Salary as a senator, and investment|
|Net Worth||$8 Million|
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Annual Income and Investments
Joe Manchin served as the president of Enersystems, a waste coal brokerage company till 2000. That was the time when he was able to build his financial fortune.
Even today, 71% of his annual income comes from his shares in Enersystems. The value of these shares is worth 30% of his total net worth.
In his annual disclosure, Manchin reported that his non-public shares of Enersystems were worth between $1 million and $5 million. He also got $5,211,154 as a dividend from the company between 2011 and 2020.
Manchin’s annual financial disclosure revealed many other things as well. He listed AA Properties as a non-public asset. Half of this property is owned by Manchin.
He is also an investor in Emerald Coast Realty. This company owns a La Quinta hotel in Elkview, West Virginia.
OpenSecrets, a website following the money in the United States, ranked Joe Manchin the 19th richest senator.
Salary as a senator
According to Yahoo Finance, Joe Manchin receives a base salary of $174,000 annually. This is far below his income from other ventures. He has been making the same salary since 2010.
Like many other wealthy individuals, Manchin has not filed for Social Security Retirement Benefits. If he had filed for this benefit, he would have been earning an extra $4,555 per month.
Manchin is also entitled to many other perks while working as a senator like lifetime health insurance under the Federal Employees Health Benefits Program, Congressional Pension, Family death gratuity, Free parking, and more.
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Early Life and Business Venture
Joe Manchin was born on August 24, 1947, in Farmington, West Virginia. His father John Manchin was of Italian descent. On the other hand, his mother Mary O was from a family of Czechoslovak immigrants.
Manchin was the second of five children of his parents. He got into politics through inheritance. Both his father and grandfather served as mayor of Farmington.
Additionally, Machin’s uncle, A. James Manchin was a member of the West Virginia House of Delegates and worked as West Virginia Secretary of State and Treasurer.
Joe attended Farmington High School in 1965 before joining West Virginia University on a football scholarship. Unfortunately, Manchin had to leave football due to an injury. He eventually graduated with a degree in business administration.
After completing, Joe joined his family business of selling carpets and furniture. In 1988, he founded Enersystems and managed it till 2000 before handing it over to his son Joe Manchin IV to focus on politics.
|Full Name||Joseph Manchin III|
|Date of birth||August 24, 1947|
|Birthplace||Farmington, West Virginia|
|Uncle||A. James Manchin|
|School||Farmington High School|
|College||West Virginia University|
|Education||Bachelor’s Degree in Business Administration|
|Wife||Gayle Heather Conelly|
|Son||Joseph Manchin IV, and Brooke Manchin|
|Daughter||Heather Manchin Bresch|
|Political Party||Democratic Party|
|Height||6 Feet and 2 Inches|
Entry into politics
At the age of 35, Joe Manchin entered into politics by winning an election into the West Virginia House of Delegates in 1982.
Next Year, he was elected to the West Virginia Senate. He served in this position before running for governor in 1996. However, he lost the election to democrat Charlotte Pritt.
Manchin was then elected as the Secretary of State of West Virginia in 2000. A few years later in 2004, he won the 2004 West Virginia gubernatorial election defeating Republican Monty Warner.
Career as a West Virginia Senator
Joe Manchin replaced Senator Carte Goodwin and was sworn in by then vice-president of the US Joe Biden.
During an interview with the New York Times in 2014, he talked about his nonexistent relationship with Barack Obama.
At the start of his tenure, he was a supporter of Donald Trump. FiveThirtyEight, a data journalism website, reported that Manchin voted for most of Trump’s cabinet nominees. However, he voted to convict Trump in both of his impeachment trials.
|Committee on Appropriations||Subcommittee on Commerce, Justice, Science, and Related Agencies|
Subcommittee on Financial Services and General Government
Subcommittee on Labor, Health and Human Services, Education, and Related Agencies
Subcommittee on Military Construction, Veterans Affairs, and Related Agencies
Subcommittee on Transportation, Housing and Urban Development, and Related Agencies
|Committee on Energy and Natural Resources||As chair of the full committee, Manchin serves as an ex official member of all subcommittees.|
|Committee on Armed Services||Subcommittee on Cybersecurity Subcommittee on Strategic Forces|
|Committee on Veterans’ Affairs||Committee on Veterans’ Affairs|
Wife and Children
Joe Manchin married Gayle Heather Conelly on August 5, 1967. She is an educator and government official. The couple has three children Heather Manchin Bresch, Joseph IV, and Brooke.
Heather is a business executive and current CEO of the Netherlands-based pharmaceutical company Mylan. Joseph IV is now managing daily operations of Enersystems.
Social Media Profile
Frequently Asked Questions
According to Morning Consult Pro, his current approval rating is 42%.
No, he never served in the military.
He is a moderately rich senator.
No. In fact, he was the only member of the Senate Democratic Caucus to oppose same-sex marriage.