Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
John Kasich Net Worth: Ohio Gov. John Kasich officially entered the presidential race on June 21.
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…
Ohio Gov. John Kasich speaks at the First in Nation Republican Leadership Summit on April 17, 2015 in Nashua, N.H.
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."
Stay tuned to Money Morning for more on the 2016 presidential election. You can follow us on Twitter @moneymorning or like us on Facebook!
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…
Related Articles:
- Newsweek: The Unbearable Smugness of John Kasich
JOHN KASICH AS PRESIDENT IS A BAD IDEA…JUST LOOK AT OHIO! He promises absolutely anything to get elected & then totally ignores voters to favor large corporate interests, especially the banks, no matter how much it harms Citizens. Quote me or prove me wrong! If you want John Kasich out of politics: Then I have your solution. As Governor, John Kasich acts as if he still works for Lehman Brothers. It certainly is not for Citizens of Ohio like my family or yours. What I expose here is an early Christmas present for the Obama Administration, the entire Democratic Party… Read more »