Kevin Owen McCarthy is an American politician. He is the 55th current speak of the United States House of Representatives. McCarthy is in his ninth House term, serving as the US representative for California’s district since 2023. Concurrent with his house terms, he served as House Minority Leader from 2019 to 2023 and House Majority Leader from 2014 to 2019, respectively, under Speakers Paul Ryan and John Boehner.
Here are all the details about Kevin, including his financial background, net worth, assets, and more.
Kevin McCarthy’s Early Life
Kevin was born on the 26th of January, 1965, in Bakersfield, California as the son of homemaker Roberta Palladino and assistant city fire chief Owen McCarthy. He was raised in a working-class family of Democrats.
When he turned 21, Kevin opened Kevin O’s Deli. He soon got inspired to go into public service after experiencing the ‘redundant and frivolous rules along with tedious paperwork and overburdening taxes’ involved with running his small business. After selling the business to pay for college, Kevin attended California State University to graduate with a Bachelor of Science in marketing. He went on to study further and completed his Master of Business Administration. While he was a college student, Kevin worked for the Kern County Fire Department as a seasonal firefighter and landed an internship with Congressman Bill Thomas.
Kevin McCarthy’s Political Career
Kevin served as a staff member at Congressman Bill Thomas’s office from 1987 to 2002. He also became the district director from the late ‘90s until 2000. During the same time, he became the chairman of the Young Republican National Federation and was also elected a Kern Community College trustee as well as a California State Assembly member.
He took retirement from the House of Representatives in 2006 and won his seat with 70.7 percent of the vote. Post the insurrection in 2021, he went on television to express his disappointment in his former protégé repeating Trump’s phony lies about the 2020 election. In his interview with The New Yorker, he stated,
“The Kevin McCarthy who is now, at this time, in the House isn’t the Kevin McCarthy I worked with. At least from outward appearances. You never know what’s inside, really. Kevin basically is whatever you want him to be. He lies. He will change the lie if necessary. How can anyone trust his word?”
After being elected to the House of Representatives, he ran unopposed in 2008 and 2010. In the subsequent election, he received 73.2 percent of the vote against No Party Preference candidate Terry Philips. The spree continued against other candidates too.
Kevin served as House Majority Leader from 2014 to 2019 and House Minority Leader from 2019 to 2023. He has also been a member of the Committee on Financial Services, the Subcommittee on Capital Markets, Insurance, and Government-Sponsored Enterprises, the Subcommittee on Financial Institutions and Consumer Credit, and the Congressional Western Caucus. His political career includes other laurels too. He was the House Republican Chief Deputy Whip from 2009 to 2011 and the House Majority Whip from 2011 to 2014 and began serving on the House Republican steering committee as a freshman congressman.
What is Kevin McCarthy’s Net Worth?
Kevin has been in the political scenario of the United States of America for a long time now. It should not come as a surprise to learn that he earns a handsome salary and has an impressive net worth. As per resources, the net worth of Kevin McCarthy goes up to a whopping $95 million, making him one of the wealthiest politicians in the United States.
Here is the breakdown of Kevin McCarthy’s net worth:
- Salary – $312,000
- Business income – $13 million
- Donations and Gifts – $5 million
- Assets – $78 million
- Liabilities – $ 7 million
- Investments – $20 million.
Assets and Investments
It seems that the politician is fond of cars and has many big beasts in his collection. Recently, Kevin gifted himself a Jaguar XF for a whopping $120,000. He owns many other luxury vehicles, including a Lexus ES for $136,000, Lincoln Continental, BMW X6, Aston Martin DBX, and Toyota Vellfire.
Besides his cars, his assets include his luxury mansion, which spreads up to an area of 8,800 square feet in California. As per sources, Kevin bought this property at a huge price of $21 million. The property is beautiful and luxurious and tells a lot about Kevin’s plush living. It comprises ten bedrooms, twelve bathrooms, a wine cellar, a tennis court, and two indoor pools.
Kevin McCarthy’s Personal Life
Kevin married Judy Wages in 1992. The couple has two children – Meghan and Connor McCarthy.
Lesser-Known Things about Kevin McCarthy
- Before turning 21, Kevin McCarthy invested $5,000 in the state lottery to start his own Deli.
- In 2009, Kevin was appointed chief deputy whip.
- His favorite actor is Harrison Ford, and his favorite actress is Salma Hayek.
- Another list of favorites Kevin includes apple pie as his favorite food, and Elton John as his favorite music artist. His favorite color is purple.
- Kevin McCarthy loves to vacation in Switzerland.
- In May 2020, Kevin filed a lawsuit to stop the House of Representatives from allowing remote proxy voting by representatives during the pandemic. In September 2020, he voted against House Resolution 908 to condemn racism against Asian Americans related to the Covid-19 pandemic.
