Joseph Manchin III is an American politician and businessman who has represented West Virginia as the senior United States senator since 2010. He was the Democratic Party’s 34th governor of West Virginia and served from 2005 to 2010, as well as the state’s 27th secretary of state from 2001 to 2005. In this article, we touch upon his business interests and discuss Joe Manchin house and net worth.
In 1988, Manchin launched the coal brokerage Enersystems, which he managed and helped operate until he went into politics full-time.
Once he was elected Secretary of State of West Virginia in 2000, he entrusted Enersystems to his son Joseph.
In the financial statement for 2020, Manchin stated that his non-public Enersystems interests were worth between $1 million and $5 million. He received $5,211,154 in investment returns from them between 2011 and 2020. He earned almost $500,000 in dividends in 2020. Enersystems Inc accounts for 71% of Manchin’s investment income and 30% of his net worth. Manchin has classified AA Properties as a non-public asset on his annual financial reports following his election to the United States Senate in 2010. Reports say Manchin owns 50% of AA Property, which has invested in Emerald Coast Realty. Emerald Coast Realty owns a La Quinta hotel in Elkview, West Virginia, among other things. As per the base pay of U.S. Senators, Manchin makes $174,000 per year. According to the watchdog organization OpenSecrets, Joe Manchin’s approximate net worth in 2018 was $7,623,534.
House and other properties
Senator Joe Manchin and his wife Gayle Connelly purchased a beautiful home near Charleston, West Virginia, on the banks of the Kanawha River in 2015. The Manchins, who also have a house in Fairmont, spent $76500 for the house and adjacent riverfront property. Joe Manchin also owns a luxury boat named Almost Heaven which is worth $250,000.
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