Joe Manchin Net Worth 2022: Salary, Income, Cars, Real Estate

Joseph Manchin III, popularly known as Joe Manchin, is a 74-year-old American politician serving as the senior United States senator representing West Virginia. He previously served as the 34th governor of West Virginia and the state’s 27th secretary of state. As of 2022, Joe Manchin’s net worth is estimated to be $8 Million.

Full NameJoe Manchin
Date of BirthAugust 24, 1947
Birth signVirgo
BirthplaceFarmington, West Virginia, United States
ProfessionPolitician
Net Worth$8 million

Early Life

Joe Manchin was born in the United States on August 24, 1947, in Farmington, West Virginia. His parents, John and Mary O. Manchin, welcomed him as their second child. His father was the mayor of Farmington. He also used to own and operate a carpet and furniture business.

His educational history includes a high school diploma from Farmington High School, which he received in 1965. After that, he enrolled at West Virginia University on a football scholarship. He graduated from university with a bachelor’s degree in business administration in 1970.

Joe Manchin Net Worth & Career

Joe Manchin Net Worth & Career

In 1982, Manchin was elected to the West Virginia House of Delegates, then to the West Virginia Senate in 1986, where he served until 1996. From 2001 to 2005, he served as West Virginia’s secretary of state, and from 2005 to 2010, he served as the state’s governor.

He defeated former Democratic Congressman Ken Hechler in the Democratic primary on August 28. He defeated Republican businessman John Raese in the general election.

Since 2010, he has served as a senior United States senator from West Virginia. He is noted for his cooperation with his republican colleagues on subjects like abortion and gun ownership as a member of Congress.

He’s also a vocal opponent of policies like Medicare for All, abolishing the filibuster, packing the Supreme Court, and raising the federal minimum wage to $15 per hour. After 2020, he became a key swing vote in the Democratic-controlled Senate, which is split 50-50.

Joe Manchin Net Worth

Joe Manchin’s net worth is expected to be around $5 million in 2021. He is also the creator of Enersystems, a coal brokerage. Joe reportedly has non-public shares of coal brokerage Enersystems worth between $1 million and $5 million, according to his financial disclosure 2020.

Joe Manchin Net Worth Growth

Net worth in 2022$8 million
Net worth in 2021$7.6 million
Net worth in 2020$7 million

Finances and Income

Manchin’s net worth was reported to be $6 million when he was first elected to the Senate in 2010. According to his most recent financial report to the US Senate, Manchin’s net worth is estimated to be in the $7-8 million range. As a result, he became one of the Senate’s top 20 wealthiest members.

Manchin is the founder of Enersystems, a coal brokerage corporation. His non-public corporate shares account for nearly a third of his total net worth. 

His holdings are worth $1-5 million, depending on the coal price, according to his 2020 financial statement. According to the filing, Manchin collected $5.2 million in Enersystems dividends between 2011 and 2020. His company’s dividend in 2020 was $500,000.

Senate Salary

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

Real Estate

When he and Gayle visit Washington, D.C., they live on a $250,000 houseboat called “Almost Heaven.” Since 2013, Manchin has owned the yacht.

Joe and Gayle own a small townhome in Charleston, West Virginia, and in January 2021, they spent $765,000 for a riverfront home on the Kanawha River, also in Charleston.

Joe Manchin’s Car Collection

Joe Manchin owns six luxury cars. Horner recently purchased a brand-new Lincoln Navigator for $105,000. Joe Manchin has a Range Rover Autobiography worth $200,000. Joe Manchin owns a few other cars listed below with their respective prices.

  • Aston Martin DBX – 390000
  • McLaren GT – $800,000 USD
  • BMW X9 – $150,000 USD

Personal Life

In 1967, Joe married Gayle Heather Conelly. They are the parents of three children. From 2012 to 2020, their daughter Heather was the CEO of the pharmaceutical company Mylan.

Summary

  • Joe Manchin is a American politician who represents West Virginia as a United States senator.
  • He was born in the United States on August 24, 1947, in Farmington, West Virginia.
  • In 1982, Manchin was elected to the West Virginia House of Delegates.
  • As of 2022, the net worth of Joe Manchin is estimated to be $8 million.

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