How Dividends Have Helped Make Sen. Lisa Murkowski a Millionaire

See how wealthy the Alaska senator is.

The recent drama surrounding the Brett Kavanaugh hearings has placed a new focus on the handful of Republican senators who appear to be swing votes if and when the final vote to approve his nomination to the nation’s highest court comes to pass. And although Arizona’s Jeff Flake was getting the lion’s share of the attention for his H-hour compromise in the form of a push to secure an FBI investigation, Alaska Senator Lisa Murkowski remains a crucial vote for Republicans with their narrow advantage in the Senate.

Murkowski, the first Alaska-born person to serve in the U.S. Senate and only the body’s 32nd woman, has been serving the state of Alaska since 1998 and has been serving in the Senate since 2002. But, how have two decades of public service left her financial picture? Here’s a close look at the net worth of Lisa Murkowski as a potentially pivotal moment in her career fast approaches.

Make Your Money Work Better for You

Midterm Elections Money: See Which States Raised Over $100 Million

Lisa Murkowski Net Worth: $812,019 to $2.2 Million

Lisa Murkowski’s financial disclosure form for the 2017 calendar year revealed assets of between $915,022 and $2.2 million held by her and her husband, with $380,014 to $1,026,000 held by Murkowski, $532,005 to $1,131,001 held jointly and $3,003 to $45,000 held by husband Verne Martell.

The disclosure includes a variety of assets, but it mostly was limited to stock holdings in the form of exchange-traded funds and bank accounts. Murkowski does hold up to a quarter of a million dollars in Wells Fargo stock that paid her dividends of $5,001 to $15,000 in 2017. All told, her dividend income and interest income from her various holdings reached as much as $73,500 last year.

Invest Like the Senator: 10 Best Dividend Stocks of All Time

Both Murkowski and her husband received their annual dividend from the Alaska Permanent Fund, a payment made to every Alaska resident to reflect the revenues collected from oil companies there. Murkowski and her husband also rent out a basement apartment in their Washington, D.C., residence, earning an income between $15,001 and $50,000 a year from a property valued between $500,001 and $1 million. They also have a 15-year mortgage with Wells Fargo for between $50,001 and $100,000 at an interest rate of 3.75 percent.

Make Your Money Work Better for You

For the Murkowskis, Politics Run in the Family

Murkowski’s father, Frank Murkowski, was a fixture in Alaska politics prior to his daughter’s successful career, serving as the state’s senator from 1981 to 2002 and then as its governor from 2002 to 2006. The current Sen. Murkowski was born in 1957 and earned a bachelor’s degree in economics from Georgetown University in 1980 and a law degree from Willamette University in 1985.

After practicing law in Anchorage, she was elected to three terms in the Alaska State House of Representatives. She was appointed to the U.S. Senate to fill the seat that her father left vacant when he entered office as the state’s governor. She was elected to a full term in 2004, but failed to defeat tea party challenger Joe Miller in the 2010 Republican Primary. Murkowski then staged the first successful write-in campaign for the U.S. Senate since noted segregationist Strom Thurmond won via write-in in 1954.

Make Your Money Work Better for You

Click to keep reading about how much Trump’s staff makes, from assistant to senior adviser.

More on Net Worth and Politicians

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.

Read More

Best Bank Accounts of May 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.