Once a candidate enters the running, he or she is required to submit personal financial records within 30 days. Kasich did so July 31. Here's a look at the Republican's net worth...
John Kasich reported three assets valued between $500,000 and $1 million and seven assets valued between $250,000 and $500,000. Furthermore, according to an article in The Columbia Dispatch on Aug. 1, at least $2 million of the Kasichs' assets are in the form of tax-free investments. John Kasich alone is worth an estimated $2.5 million. However, along with his wife and daughters, John Kasich and kin have a combined net worth between $9.1 million and $22 million.
The Columbus Dispatch also noted that Gov. Kasich's wife, Karen Kasich, is currently invested in several Ohio-based companies. Some of these include L Brands Inc. (NYSE: LB), Cardinal Health Inc. (NYSE: CAH), Procter & Gamble Co. (NYSE: PG), and American Electric Power Company Inc. (NYSE: AEP).
Kasich's July 31 fiscal filing was the most detailed account the public has ever gotten of his personal wealth, stated an Aug. 3 post on Cleveland.com. During his gubernatorial campaign, the candidate released all of one tax return - for the year 2008, when he made $1.4 million.
The governor speaks often about his blue collar roots as the son of a mailman in McKees Rocks, Pa. However, Kasich has shown he sometimes has a tough time actually relating to the working class. According to Newsweek on Aug. 2, when a 21-year-old factory worker told Kasich his biggest dream is to own his own house someday, Kasich responded flippantly: "Do you save? You can't spend all the money on fishing gear."
Koch Dealers: Just a couple of weekends ago, the infamous Koch brothers hosted a gathering of the nation's wealthy elite. There, five 2016 presidential hopefuls did their best pandering for donations. Here's how the Kochs' "Summer Summit" went down...
- Newsweek: The Unbearable Smugness of John Kasich