I’m Andomoney, and today we’re diving deep into Kevin Stitt net worth and how he built his fortune. As the current Governor of Oklahoma, Kevin Stitt has an impressive background in both business and politics, which has significantly shaped his financial standing.
From founding Gateway Mortgage Group to taking on the role of Oklahoma’s governor, Stitt’s wealth has grown steadily over the years.
Let’s break down the financial achievements that have contributed to his impressive portfolio.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | John Kevin Stitt |
| Popular Name | Kevin Stitt |
| Gender | Male |
| Birth Date | December 28, 1972 |
| Age | 51 |
| Parents | Reverend John L. Stitt, Joyce Stitt |
| Siblings | N/A |
| Birthplace | Milton, Florida |
| Nationality | American |
| Ethnicity | Cherokee (Cherokee Nation) |
| Education | Oklahoma State University (1991–1996), Norman High School |
| Marital Status | Married |
| Spouse | Sarah Stitt (m. 1998) |
| Children | Six |
| Dating | N/A |
| Net Worth | $20 million (2024 estimate) |
| Source of Wealth | Business, Government Salary |
| Height | N/A |
What is the Net Worth of Kevin Stitt in 2024?
As of 2024, Kevin Stitt’s net worth is estimated at $20 million. This wealth has been accumulated through his business ventures, notably as the founder of Gateway Mortgage Group, as well as his salary as Governor of Oklahoma.
When comparing Stitt’s net worth to others in similar positions or with business backgrounds, it becomes clear that while his fortune is notable, several others in politics and business have accumulated even more wealth.
Related figures include:
- Ted Cruz
- Donald Trump
- Mary Fallin
- Drew Edmondson
- Sarah Hazen
- Joy Hofmeister
- Mick Cornett
- Rick Santorum
- John L. Stitt
- Brian Bingman
You can read more about high-earning public figures like him in our comprehensive guide to the wealthiest politicians here.
Kevin Stitt Salary and Finance Overview
His Role as Governor and Its Impact on His Finances
Kevin Stitt’s salary as the Governor of Oklahoma plays a significant role in his overall financial picture. As governor, Stitt receives an annual salary of around $147,000, along with various benefits and allowances tied to his position.
However, his financial success isn’t solely based on his public office income. Stitt’s business acumen, particularly in the financial sector, has been key in elevating his wealth.
His company, Gateway Mortgage, which he founded in 2000, played a pivotal role in shaping his financial portfolio.
Financial Benefits of Holding Public Office
While his public office salary is substantial, the financial perks of being the Governor of Oklahoma go beyond the base pay.
The role offers additional resources such as housing allowances, official transportation, and other perks that contribute to his overall wealth.
Moreover, holding public office has allowed Stitt to leverage political connections and influence, which likely opens doors to further income-generating opportunities in both the private and public sectors.
Revenue Streams from Business Operations
Stitt’s main source of wealth before taking office came from Gateway Mortgage Group, a business he started with just $1,000.
Over the years, the company expanded significantly, growing into a midsize mortgage lender that operates across the country.
Though he stepped down as CEO, Stitt still holds a significant stake in the company, ensuring that it continues to be a substantial source of income.
Additionally, his business success has undoubtedly contributed to his credibility in his political career.
Key Business Achievements That Boosted His Financial Success
One of the most significant milestones in Kevin Stitt’s career was the growth of Gateway Mortgage from a small startup into a leading mortgage company.
By the time he stepped down to focus on his political career, the company had grown to operate in all 50 states. This business success provided him with financial stability, which allowed him to focus on public service without the burden of financial insecurity.
Moreover, his ability to navigate the business world has enhanced his reputation as a job creator, a narrative he utilized during his campaign for governor.
His Contributions to Oklahoma’s Economy
As governor, Stitt has been a strong proponent of making Oklahoma a “Top 10 state” in terms of economic growth. His policies focus on reducing government spending, lowering taxes, and fostering an environment conducive to business. .
By attracting more businesses to Oklahoma, Stitt is effectively laying the groundwork for his post-political financial ventures, ensuring he remains a relevant and influential figure in both business and politics.
FAQs About Kevin Stitt
How did he start his career?
He began his career working for the Southwestern Company, a door-to-door educational bookseller, before founding Gateway Mortgage in 2000.
What are his key political achievements?
As Governor, Stitt has focused on economic growth, education reform, and infrastructure improvements, alongside signing various conservative laws that have shaped Oklahoma’s policies.
How many children does Kevin Stitt have?
He and his wife Sarah have six children.
Who is Kevin Stitt’s spouse?
He is married to Sarah Hazen, whom he met after moving to Tulsa.
What major business did he found?
He is the founder of Gateway Mortgage Group, which has become a significant source of his wealth.
How does his political role impact his business?
While Stitt has stepped away from the day-to-day operations of Gateway Mortgage, his political influence and connections likely continue to benefit his business ventures.
Conclusion
In conclusion, Kevin Stitt’s financial journey reflects his strong business acumen and political savvy. His role as Governor and past business successes have set him on a path of sustained wealth. If you want to explore more about high-profile figures and their financial stories, feel free to dive deeper into andomoney.com for more updates. Read more here.
