Lindsey Graham’s Career in Politics Hasn’t Made Him Super Rich

See the safe investments of this Republican senator.

South Carolina Republican Sen. Lindsey Graham has been a Capitol Hill fixture for decades, known for his penchant for political compromise and a close friendship with the late Sen. John McCain. His national profile was boosted significantly of late, however, after a fiery tirade against his Democratic counterparts on the Senate Judiciary Committee during the hearings called to question Supreme Court nominee Brett Kavanaugh.

As the midterm elections approach and more attention is paid to Graham in the aftermath of his decision to ditch the prosecutor brought in to question Christine Blasey Ford and Kavanaugh, some voters might be wondering what — if anything — is known about Graham’s political future and personal financial situation. After 16 years serving as a U.S. senator, Graham has built a reputation as a vocal Republican, but he’s not just conservative in his politics; he also has a relatively conservative net worth compared to some career politicians. Here’s a look inside the South Carolina senator’s personal wealth.

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Lindsey Graham Net Worth: $29,021 – $775,999

Lindsey Graham, who remains a bachelor, has a pretty simple personal financial disclosure for calendar year 2017, with everything held in his name and no debt aside from mortgages on properties in South Carolina and Washington, D.C.

Graham’s assets show that he has invested in mutual funds and corporate bond funds, along with the iShares Russell 2000 ETF. He also has four bank accounts — checking and savings accounts with the United States Senate Federal Credit Union and First Citizens — with as much as $81,001 in them, as well as a TD Ameritrade money market account holding as much as $100,000.

As far as property, Graham isn’t required to list anything he owns but is not collecting rent on, so the values of the residences he has mortgages on in Washington, D.C., and Seneca, S.C., aren’t clear. What is clear is that Graham owes as much as $250,000 on the D.C. residence and up to $15,000 on the Seneca home that he lists as his primary residence. He also owns undeveloped property in Seneca valued at up to $15,000.

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With some politicians earning millions off of investments, books, speaking fees and other sources of income, Graham’s net worth can appear low in comparison. But earning a $174,000 annual salary as a senator is still several times what the average voter earns.

Lindsey Graham’s Political Career

Lindsey Graham was born in Central, S.C., in 1955 to parents who owned a pool hall, bar and liquor store. He graduated from the University of South Carolina in 1977 — the first member of his family to go to college — and then with his Juris Doctor in 1981. Graham was a member of the Air Force Reserve Officers’ Training Corps in college. After graduating, he served in the Air Force and acted as a military lawyer.

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Graham joined the South Carolina House of Representatives in 1992. He was elected to the U.S. House of Representatives in 1994 as a part of the midterm elections that would seize the House behind Newt Gingrich’s “Contract With America” and served there from 1995 to 2003. Then, he ran for the Senate seat left open by the retirement of noted segregationist Strom Thurmond and won. He has served in the Senate since then, winning re-election in 2008 and 2014.

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Graham has not indicated his political future would include a presidential run — he tweeted in April 2018 that he’d support Donald Trump in 2020. He’ll likely run for re-election to maintain his Senate seat.

Click through to keep reading about the richest politician in every state.

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About the Author

Joel Anderson

Joel Anderson is a business and finance writer with over a decade of experience writing about the wide world of finance. Based in Los Angeles, he specializes in writing about the financial markets, stocks, macroeconomic concepts and focuses on helping make complex financial concepts digestible for the retail investor.

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