As a prominent figure in U.S. politics, Susan Collins has built a notable financial profile over her long tenure as a Senator.
Susan Collins net worth has seen fluctuations over the years, influenced by her Senate salary, key investments, and financial holdings. Her strategic investments in mutual funds and real estate have played a significant role in her growing wealth.
In this article, I, Andomoney, will break down the financial elements that have contributed to her wealth, focusing on her investments and other income sources.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Susan Margaret Collins |
| Popular Name | Susan Collins |
| Gender | Female |
| Birth Date | December 7, 1952 |
| Age | 71 |
| Parents | Donald Collins, Patricia McGuigan |
| Siblings | 5 (Kathleen Wiesendanger, Nancy Collins, Michael Collins, Sam Collins, Gregg Collins) |
| Birthplace | Caribou, Maine, U.S. |
| Nationality | American |
| Ethnicity | English, Irish |
| Education | St. Lawrence University (BA) |
| Marital Status | Married |
| Spouse | Thomas Daffron |
| Children | N/A |
| Dating | N/A |
| Net Worth | $2.6M – $7.7M |
| Source of Wealth | Salary, Investments, Real Estate |
| Height | N/A |
What is the Net Worth of Susan Collins in 2024?
Susan Collins‘ net worth in 2024 is estimated between $2.6 million and $7.7 million. While her political salary plays a part, the bulk of her wealth stems from investments and real estate.
When compared to other U.S. politicians, her wealth is modest but substantial for someone in her position.
Many factors, like her mutual fund holdings and TD Bank deposits, have helped her finances grow. Interested in how other politicians compare? Check out our page on the richest U.S. senators.
- Mitch McConnell
- Lisa Murkowski
- Angus King
- Olympia Snowe
- Richard Shelby
- Bill Nelson
- Tom Allen
- Joe Lieberman
- Chuck Schumer
- Brett Kavanaugh
Susan Collins Salary and Finance Overview
Salary as a U.S. Senator and Other Political Income
As a U.S. Senator, Susan Collins earns a base salary of $174,000 per year. While this is the primary source of her income, it is by no means the only one.
Over the years, she has accumulated wealth through savvy investments and real estate holdings.
In addition, her role as a senior Republican and tenure in several key committees, such as Homeland Security, might contribute to her influence and network, leading to additional income opportunities, like book deals or speaking engagements.
Investments That Contribute to Her Income
She has been prudent in her investments. From mutual funds to TD Bank deposits, her financial portfolio reveals that she’s focused on long-term growth.
Notably, she holds between $100,001 and $250,000 in both the Voya US Stock Index Fund and the Fidelity Asset Manager 50% mutual fund, showing a diversified approach to building wealth.
Additionally, her investments in real estate contribute to her overall financial security.
Financial Assets and Holdings Breakdown
A look at her financial assets reveals a well-rounded approach. For instance, she holds several significant deposits at TD Bank, one valued between $250,001 and $500,000 and two others between $100,001 and $250,000.
These assets form the backbone of her financial security, giving her both liquidity and growth potential. By diversifying her assets between traditional banking and more volatile mutual funds, she ensures financial stability regardless of market fluctuations.
Impact of Political Career on Financial Growth
Her political career has undoubtedly contributed to her financial growth. Serving as a senator since 1997, she has not only earned her salary but also gained valuable experience and connections that have helped her make strategic financial decisions.
Her leadership roles on various Senate committees have also opened doors for high-profile engagements and other forms of political income that have played a part in her wealth growth.
Real Estate Holdings
Susan Collins’ real estate portfolio is a significant aspect of her wealth. Although her exact properties aren’t fully public, her financial disclosures indicate that real estate plays an essential role in her investment strategy.
Owning properties provides her with stability and the potential for long-term appreciation, offering a solid base to her financial holdings.
FAQs About Susan Collins
What are her primary sources of income?
Her primary sources of income are her U.S. Senate salary, investments in mutual funds, and real estate holdings.
How long has Susan Collins been a U.S. Senator?
She has served as a U.S. Senator since 1997, making her one of the longest-serving members of Congress from Maine.
What is her investment strategy?
Her investment strategy includes a mix of mutual funds, TD Bank deposits, and real estate holdings.
Has Susan Collins written any books?
Yes, she has written several books, contributing to her overall wealth through royalties.
Who is Susan Collins married to?
She is married to Thomas Daffron, whom she married in 2012.
What is her educational background?
She graduated from St. Lawrence University with a BA in Government in 1975.
How old is she?
She is 71 years old as of 2024.
Conclusion
I hope this detailed look into Susan Collins’ financial profile has given you valuable insights. If you found this article helpful, feel free to share it or leave a comment below. For more in-depth articles on politicians’ wealth, visit andomoney.com at Andomoney. Thank you for reading!
