John Kasich Net Worth: A Penny Saved Is a Penny Not Spent on Fishing Gear

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...

John Kasich 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 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!

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