(KPAX) When it comes to net worth, Montana Gov. Steve Bullock is down the list among the Democratic presidential candidates — but he’s still worth more than $1 million, according to disclosure records and a published report Wednesday.
According to financial-disclosure records he filed after becoming a presidential candidate in May, Bullock and his wife, Lisa, have a net worth ranging from $1 million to $2.4 million.
Financial-disclosure forms require federal candidates to list their assets within a range of values.
Forbes Magazine reported Wednesday on the net worth of all two dozen Democratic presidential candidates, and listed Bullock at $1.5 million — 14th out of the candidates.
It also gave Bullock a “three” rating out of a possible five, for revealing details on his finances, saying he released 14 years of income-tax returns, but only the first two pages of the return from each year.
The magazine also ranked the candidates on charitable giving, and Bullock was near the higher end among those who released their tax returns, contributing about 4 percent of his family’s income to charities.
Most of Bullock’s wealth is in retirement accounts, which are invested in a range of mutual funds. He and his wife also own residential and commercial real estate in Helena, including the Herrmann & Co. Furniture building near downtown.
The wealthiest Democrat running for president is former hedge-fund manager Tom Steyer, who’s worth a reported $1.6 billion, and second-wealthiest is former Maryland Congressman John Delaney, worth $200 million, according to Forbes. Delaney has run health-care lending and other financial firms, which had some financial backing from none other than Steyer.
Earlier this week, Bullock criticized Steyer and the Democratic National Committee debate rules, saying Steyer has been able to “buy a spot on the debate stage” next month.
Bullock said Steyer spent $10 million to gin up at least 130,000 donors — one of the two thresholds candidates must meet to qualify for the debate next month. Bullock has yet to qualify.
“Grassroots support and elections are about people talking to people, not billionaires being able to spend a whole lot of money to buy Facebook ads,” he said in a statement.
The net worth of other prominent Democratic candidates, as reported by Forbes, includes Elizabeth Warren at $12 million, Joe Biden at $9 million and Bernie Sanders at $2.5 million.
The candidate with the lowest net worth was South Bend, Indian, Mayor Pete Buttigieg, with a net worth of $100,000. He’s also the youngest candidate, at age 37.
Forbes listed President Trump’s net worth at $3.1 billion.