Connect with us

Mike Pence Net Worth: Mortgage Paid From Campaign Funds

Mike Pence Net Worth: Mortgage Paid From Campaign Funds
Mike Pence speaking at CPAC 2015 in Washington, DC. Gage Skidmore / Wikipedia Commons cc


Mike Pence Net Worth: Mortgage Paid From Campaign Funds

Mike Pence, governor of Indiana and former six-term U.S. congressman, is the vice presidential nominee of Republican nominee Donald Trump.

Pence has served as a full-time elected official since 2000 when he was elected to Congress.

The Indiana governor – who graduated from the Indiana University of Law in 1986 and has worked as conservative talk show and radio host in the 1990s, as reported by – is not a businessman like Trump.

Also read: Mike Pence – Facts About Donald Trump’s VP

Mike Pence Net Worth: Year to date income and declarations

Pence’s year to date income, according to the Motley Fool financial website, has been recorded as of this month as $173,860. His declarations include pension from the state of Indiana (worth between $500,000 and $1 million) and two retirement/deferred compensation plans (worth between $1,000 and $15,000).

He has also declared a bank account with less than $15,000 and two 529 education savings accounts for his children which are also worth less than $15,000. Two student loans were taken out for his children between the years of 2013 and 2015 which fell in the bracket of $10,000 to $50,000 each.

As reported by the Washington Post, Pence was involved in a financial scandal in 1990 when he was making his run for congress opposite Democratic incumbent Philip R. Sharp.

Also read: Indiana Gov Mike Pence Signs ‘Religious Freedom’ Bill, Could Discriminate

Mike Pence Net Worth: 1990 Financial Scandal

The accusations of the scandal imposed on him revealed the Indiana Governor had spent nearly $13,000 of funds from donors – an amount calculated to be $23,000 in 2016 money, according to the Consumer Price Index Inflation Calculator – most of which was used to pay down his house mortgage.

Although he lost the elections, Pence said he was “not embarrassed that I need to make a living.” He also said his spending was an “exercise in naivety.”

Pence’s wife, Karen, has two businesses listed in the disclosure (“self employed artist” and “That’s My Towel Charm, Inc.”).

Also read: World’s Most Famous ‘Call Of Duty’ Player Dies – Phillip ‘Phizzurp’ Klemenov Cause Of Death

Liked this story? Subscribe to our newsletter or follow us on Twitter and Facebook for more update

About Shaurya Arya

Shaurya covers wide range of genres. He is in the know about the day-to-day happenings in the US. He covers politics, environment, lifestyle and sports. Follow him to know the latest development in the US Presidential Election, rescue operations during tornadoes and other calamities or simply whether those viral videos and memes are true or hoax. With a Masters in Journalism, he has a bright future ahead in the field of writing and reporting.

More in Nation

Good News

To Top