Joe Manchin Net worth In 2022, Career, Early Life And Funding Updates!

Joe Manchin Net worth: Since 2010, Joseph Manchin III has held the position of senior United States senator representing West Virginia. He was born on August 24, 1947, and is an American politician and businessman. He served as West Virginia’s 27th secretary of state from 2001 to 2005 and as the state’s 34th governor from 2005 to 2010. He is a Democrat. When Jay Rockefeller resigned in 2015, Manchin took over as the state’s senior senator. As the most conservative Democrat in the Senate, he has described himself as “centrist, moderate, and conservative.”  On issues like abortion, immigration, energy policy, and gun control, Manchin is renowned for collaborating with congressional Republicans.

Manchin was elected governor of West Virginia in 2004 and was reelected in 2008 with even greater margins of victory. With 53% of the vote, Manchin won the 2010 special election to fill the Senate seat left vacant by the passing of incumbent Democrat Robert Byrd. He won reelection in 2018 with just under 50% of the vote after being elected to a full term in 2012 with 61 percent of the vote. Manchin was the lone Democrat in West Virginia’s congressional delegation or in government at the state level in 2021, even as the state shifted strongly to the Republican side.

Manchin voted to end federal funding for Planned Parenthood in 2015, supported President Donald Trump’s border wall and immigration policies, and supported the confirmation of the majority of Trump’s cabinet and judicial nominees, including Associate Justice Brett Kavanaugh. Manchin opposed President Barack Obama’s energy policies, including reductions and restrictions on coal mining. Manchin is opposed to a number of progressive goals, including Medicare For All, the Green New Deal, doing away with the filibuster, enlarging the Supreme Court, and cutting money for the police.

Additionally, he has consistently opposed efforts to dismantle the Affordable Care Act, supported funding for Planned Parenthood in 2017, and opposed the Tax Cuts and Jobs Act of 2017. He also supported Trump’s conviction in both of his impeachment proceedings. With his repeated calls for the departure of American troops from Afghanistan and opposition to the majority of military deployments in Syria, he is one of the Democratic caucus’s more non-interventionist members.

In the Senate, which is evenly divided between Democrats and Republicans but is controlled by Democrats since Vice President Kamala Harris is the deciding vote, Manchin assumed the title of “most significant swing vote” after the 2020 elections. Manchin has significant power in the 117th Congress because it takes his vote to pass legislation with only Democratic backing. Manchin founded the coal dealer Enersystems, in which he has non-public shares worth $1 to $5 million.

Net Worth: $8 Million
Salary: $700 Thousand Per Year
Date of Birth: Aug 24, 1947 (74 years old)
Place of Birth: Farmington, West Virginia, U.S.

Joe Manchin Early Life And Education

Joseph Manchin III was born in Farmington, West Virginia, on August 24, 1947. The second of Mary O. (née Gouzd) and John Manchin’s five children was born in a small coal mining village. The Italian name “Mancini” is where the term “Manchin” comes from. His maternal grandparents were immigrants from the Czech Republic, and his father was of Italian ancestry (from the Calabrian village of San Giovanni in Fiore).

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The Friends of Wales Caucus has him as a member. Manchin’s grandpa, Joseph Manchin, had a grocery store, while Manchin’s father ran a carpet and furniture business. Both his father and grandfather were mayors of Farmington. A.J. Manchin, his uncle, served as a delegate to the West Virginia House of Delegates and later as secretary and treasurer of the state.

Manchin earned his high school diploma from Farmington in 1965. He received a football scholarship to attend West Virginia University in 1965, but his playing days were cut short by an injury sustained during practise. Manchin began working for his family’s business after receiving his business administration degree in 1970. Nick Saban, the football coach of the Alabama Crimson Tide, has known Manchin for a long time.

Joe Manchin Income and Expenditures

Manchin put his estimated net worth at $6 million when he was first elected to the Senate in 2010. Manchin’s net worth is in the area of $7-8 million, according to his most recent US Senate financial declaration. He was now one of the 20 richest senators as a result.

 

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Manchin is the creator of Enersystems, a company that deals in coal. About 30% of his net worth is derived from his non-public shares of the corporation. His 2020 financial declaration states that the value of his shares ranges from $1 to $5 million, depending on the coal market. In addition, it was disclosed that between 2011 and 2020, Manchin earned Enersystems profits totaling $5.2 million. His business paid a $500,000 dividend in 2020.

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Joe Manchin Funding

Between May 2020 and May 2021, Manchin collected more money from the oil and gas sector than any other senator[76], including $1.6 million in contributions from PACs that support fossil fuels. Additionally, he receives support from PACs and individuals involved in the legal and real estate industries.

ExxonMobil lobbyist Keith McCoy stated in June 2021 that Manchin was one of the company’s top financing goals and that he attended weekly meetings with the business. Given his support from the fossil fuel industry and his ownership stake in his family’s coal company, several lawmakers and journalists have questioned Manchin’s resistance to climate change legislation.

On September 30, 2021, an MSNBC news reporter questioned Manchin over his opposition to H.R. 5376, the Build Back Better Act, and claimed that he had a conflict of interest with some of the bill’s features. “Sir, Enersystems, the business you created, supplies coal to power facilities that would be impacted by one of the plan’s provisions. That obviously presents a conflict of interest.” Manchin answered, “I’ve spent 20 years in a blind trust. What they’re doing is a mystery to me.” [81]

Joe Manchin Senator’s Pay

Joe Manchin makes $174,000 a year as a senior senator.

Joe Manchin Personal Life

Manchin holds a pilot’s licence and belongs to the National Rifle Association. On August 5, 1967, he got married to Gayle Heather Conelly. Joseph IV, Brooke, and Heather Manchin Bresch, who served as CEO of the Dutch pharmaceutical giant Mylan, are the couple’s three children. Being Catholic, he. Manchin received honorary degrees from both Wheeling Jesuit University and Davis & Elkins College, where he gave commencement addresses in 2006 and 2010, respectively.

In December 2012, Manchin expressed his discontent with MTV’s Buckwild, a new reality series based in Charleston, the state’s capital, and requested the network’s president to axe it because it gave an inaccurate, unfavourable impression of his home state.

The first season of the programme was its last. One of Manchin’s brothers, John Manchin II, sued Manchin and his other brother, Roch Manchin, in a lawsuit that was filed in July 2014 regarding a $1.7 million debt. The case claimed that Joe and Roch Manchin had taken out a loan to maintain operations at the family-run carpet store that Roch managed, that no repayment had yet been made, and that the defendants had used other means to avoid paying John Manchin II damages for non-payment.

On June 30, 2015, John Manchin II withdrew the lawsuit.  OpenSecrets.org estimates that Manchin’s net wealth was over $7.6 million as of 2018 hen in Washington, Manchin commutes in a Maserati and resides on a houseboat in the Potomac River.

Real Estate

He and Gayle reside on the “Almost Heaven,” a $250,000 houseboat, when they are in Washington, D.C. Since 2013, Manchin has been the yacht’s owner. The couple lives in a modest townhouse in Charleston, West Virginia, and in January 2021 Joe and Gayle spent $765k on a riverfront home on the Kanawha River, also in Charleston. Joe travels about in a $80,000 Maserati Levante.

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