How Rich Is Kevin McCarthy?

Mandatory Credit: Photo by MICHAEL REYNOLDS/EPA-EFE/Shutterstock (13696951ba)House Republican Leader Kevin McCarthy reacts while listening to Republican Representative of Colorado Lauren Boebert as she nominates Republican Representative of Florida Byron Donalds to be the next Speaker of the House, in the House chamber on Capitol Hill in Washington, DC, USA 04 January 2023.

Amid the failure of six ballots to select a speaker of the House of Representatives, leading Republican contender Rep. Kevin McCarthy continues talks with GOP lawmakers in an effort to break the stalemate. As of early Jan. 5, McCarthy had secured 201 of the 218 votes he needs to take the speakership, Reuters reported.

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Democrat Nancy Pelosi stepped down from her role as speaker of the House at the end of 2022, leaving the House without a speaker at the start of the new year.

By some accounts, McCarthy is recognized as one of the wealthiest politicians in the U.S. The website reported his net worth as $95 million. However, according to Celebrity Net Worth, McCarthy is only worth $300,000. Other sources, including the Los Angeles Times, report his net worth at a minimum of $81,000.

As a congressional representative and Republican House leader, McCarthy receives an annual salary of $193,400. If he is elected speaker of the House, that will increase to $223,500.

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Born in Bakersfield, California, McCarthy graduated from California State University, Bakersfield, and went on to serve in the California State Assembly. He joined the U.S. House of Representatives in 2007 and has held the roles of party whip and minority and majority leader.

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According to, McCarthy owns several assets in the form of luxury cars, as well as California real estate worth $21 million. According to his biography on the House of Representatives website, he still lives in Bakersfield with his wife and their two children.

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About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
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