Mike Pence is a politician who has been serving as the 48th and current Vice President of the United States since 2017. He was also the 50th governor of Indiana from 2013 to 2017 and served six terms in the U.S. House of Representatives.
Pence was born and raised in Columbus, Indiana, and graduated from Hanover College. He earned a law degree from the Indiana University Robert H. McKinney School of Law. Pence has described himself as a “principled conservative” and a supporter of the Tea Party movement, saying he was “a Christian, a conservative, and a Republican, in that order”.
After losing the bid for re-election in the 2020 United States presidential election to Joe Biden and Kamala Harris, the Trump campaign refused to concede, made allegations of election fraud, and filed lawsuits in multiple states, most of which have been rejected by the courts. A federal judge once again threw out a lawsuit from Republican, Louie Gohmert of Texas and other Arizona Republicans who seek to force Pence to help throw the election to President Donald Trump when the Congress meets to count the Electoral College votes.
What Is the Politician’s Net Worth?
According to CelebrityNetWorth, Pence has a net worth of $1 million, his primary source of income earned from his political career. In 2016, Pence announced that he had a modest net worth of nearly $500 thousand. Before becoming the Vice President, Pence earned most of his salary as the Governor of Indiana at $173,860.
According to financial disclosure in 2016, Pence and his wife earned a combined net worth of $113,026, the majority of which came from Pence’s salary as governor of Indiana. However, they claimed a $3,500 loss connected to Karen’s business, That’s My Towel Charm, Inc., and $80,000 of debt related to their children’s education. Every year between 2009 and 2016 they earned at least $100,000, earning $187,000 between 2009 and 2010.
According to a book by Tom LoBianco published in 2019, Pence was financially destitute before he joined Donald Trump’s Presidential campaign. It was revealed in the book that a decade before becoming the Vice President, Pence lost $1 million on failed investments that he had inherited from his father and lost nearly $700,000 in stock, which he held in his family’s gas station business.
Federal Judge Dismisses Lawsuit Against Pence
A Federal Judge rejected a lawsuit from a Republican to allow Pence to reject the electoral college votes for Joe Biden when the Congress meets on 6th January 2021. This attempt by the Republican Party seeks to overturn the November election result. The Judge ruled that representative Louie Gohmert of Texas could not show they suffered any “fairly traceable” personal harm to Pence’s allegedly unlawful conduct and, therefore, lacked legal standing to bring the case.
“The standing requirement helps enforce the limited role of federal courts in our constitutional system. The problem for plaintiffs here is that they lack standing,” the judge wrote.
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