id: "96220e5d-b43a-44f2-bae8-6cba7e69115c", This is the first in a series that explores the personal fortunes of President Trumps cabinet officials. Former Vice President Mike Pence and his wife, Karen, have put their Washington, DC, days behind them and are living in a $1.93 million Indiana home they purchased last month. Greg distanced himself from the cost of cleaning up the multi-state mess, with his spokesperson tellingChicago Tribune, "Greg Pence has had nothing to do with Kiel Bros since 2004. There is no question Greg Pence is the most famous & most loved celebrity of all the time. Pence had previously worked for Marathon Oil and Unocal Corporation, then became vice president of Kiel Brothers Oil Company, the familys gas station and convenience store business. Mike Pence buys a $1.93 million Indiana home. Some items ended up bringing him some unwanted controversy. The Exit 76 mall has 15 employees, while the smaller one in Bloomington has 12. He has also likely been saving a chunk of his federal salary through the Thrift Savings Plan, essentially a 401(k) for government employees. Estimated net worth: Between $36-$92 million, Oklahomas real median household income: $50,051. In 2006, Pence hit his fifth year of federal servicemaking him eligible for a federal pension, a guaranteed stream of income in retirement. Mike's older brother,Greg Pence, on the other hand, isn't relying on taxpayer-funded pensions for his retirement. But on a crisp, sunny Friday one of those Indiana spring days that gave way to snow and rain showers three hours later Pence wasnt seen at the antique mall. Heres the one guy who doesnt need money.. Sen. Hoeven started his career as a bookkeeper at First Western Bank & Trust in Minot, owned by his father. Worth: $ 0.14: 1 penny, 1985-1992. Blumenthal married into money: His father-in-law is the real estate developer Peter Malkin. The rest of his assets stem almost entirely from the government as well. Vice President Mike Pence and his older brother, Greg, sure have a lot in common. After graduating college, he cemented his success in multiple companies, including Sara Lee and Dollar General. . It is mandatory to procure user consent prior to running these cookies on your website. The former Navy veteran and freshman congressman worked for Frito-Lay until he was laid off in 2010. One scene ina recent minute-long campaign video was shot in the mall; its a nod to the small businessman and job creator bona fides he touts in fundraising emails. Its selling for $995. d: "YmlvZ3JhcGh5dHJlZS5jb20=", I'm officially calling out Greg and his wife, Denise, who co-owns the malls," Lee tweeted. While Greg Pence's wealth may come from antiques, some of the products sold at one of his malls harken back to a sad chapter in our nation's history. Other names that Gregory uses includes Gregory J Pence, Greg Pence, Gregory Scott Pence, Gregory S Pence and Gregory A Pence. Interestingly, because of the political climate, many un-monied lawmakers made it to the 116th Congress. Trone reportedly financed nearly all of his own campaign with his personal fortune. Four years later, they essentially moved right from the governors mansion in Indianapolis to the United States Naval Observatory, the vice presidents official residence. 2023 NYP Holdings, Inc. All Rights Reserved, Date set for first Republican presidential primary debate in Milwaukee, Jared Kushner, Ivanka Trump slapped with subpoenas by special counsel investigating Capitol riot: report, DOJ searches Mike Pences nonprofit group office and comes up empty, Mark Meadows subpoenaed by special counsel probing Jan. 6: reports. Mike Pence Net Worth. Booths start at $189 a month. The young banker finished college and expanded the business. At a minimum, that would mean the mall is bringing in at least $113,4000 from renting out the booths, but it's unclear how much of that comes back to Greg himself, since some of that is presumably used for operating costs. Greg Pence officially kicked off his professional career in the year 1979 after being commissioned in the Marines. A store manager named Joyce Bishop toldRoll Call, "Everybody thinks, 'Oh, he's not going to be involved.'" Montanas real median household income: $53,386. If he were able to sell that annuity today, he could get around $700,000 for it. Another spokesperson explained, "The oil and gas industry changed rapidly in the 1990s and early 2000s, and many small, independent companies like Kiel Brothers were not able to survive.". After failing in his 1988 and 1990 congressional campaigns, he went on to . In 1999, he was elected to the board of directors of Home Federal Bancorp and its subsidiary Home Federal Savings Bank. The senator has been hounded by President Trump on Twitter, in part thanks to the feud between Malkin and the Trump family over ownership of the Empire State Building. [7] Through the company, he also ran a chain of gas stations and convenience stores. Born in Columbus, Indiana, on November 14, 1956,[1] Pence is the oldest of six children born to his parents, Ann Jane "Nancy" (ne Cawley) and Edward Joseph Pence Jr., who ran a group of gas stations. The Utah senator ran for president in 2012 and was one of the richest candidates for president, ever. Although he admitted not seeing eye to eye on that day, he said Republicans must move forward united.. He doesnt appear to own a home, and he hasnt saved much besides $65,000 in index funds, at most, and less than $15,000 in a bank account. The larger mall, a sprawling 72,000-square-foot complex in Edinburgh, Indiana, is his biggest asset. d.getElementById("contentad393218").appendChild(s); The company is responsible for building some of the biggest commercial parks, office buildings and residential subdivisions in South Carolina. According to Roll Call, his two antiques malls are valued between $5-$25 million. By 2013, around the time the couple moved into the Indiana governors mansion, they had sold their modest, three-bedroom home outside D.C. and their 1,400-square-foot residence in their hometown of Columbus, Indiana. EmployeessaidPence stops in three or four times a week when hes in town. Greg is expected to be the day-to-day boss along with his wife, Carrie of . But much of his money comes from his wifes side of the family: His father-in-law is Monte Ahuja, head of Mura Holdings and founder and CEO of Transtar. This category only includes cookies that ensures basic functionalities and security features of the website. No one on the planet is more assured to win this year, one Republican said. Pence earned a B.A. Estimated net worth: Between $35-$96 million. Former Vice President Mike Pence and his wife, Karen, have put their Washington, DC, days behind them and are living in a $1.93 million Indiana home they purchased last month. That is one of Gregorys pet peeves, she added. Property records . He owns another antique mall in the nearby town of Bloomington. [20][21], This article is about the U.S. Representative from Indiana. Such personal spending was legal then (though it has since been banned) but proved unpopular with voters. Greg Pence Net Worth His net worth has been growing significantly in 2020-2021. His estimated net worth is $2 million as of 2023. Her husband, Paul, is a successful investment banker who owns and runs Financial Leasing Services, a major real estate and venture capital firm. Michigans real median household income: $54,909. We also looked did independent research into the finances the new members of the 116th Congress. Its unclear how much of that money he still has, or whether he has made even more with investments. Your email address will not be published. And she wasn't kidding. According toDaily Mail,Greg Pence used to run the Pence family's chain of Tobacco Road convenience stores. It would be an understatement to say that the 116th United States Congress is merely wealthy. What is Mike Pence's net worth? Greg eventually took over the business that ran the convenience stores called Kiel Brothers Oil Co. until the company went bankrupt in 2004. For his 12 years in the House and two years as Vice President, Pence is currently eligible to receive an estimated $50,000 a year from the federal government for the rest of his life. [12] They have four children and nine grandchildren. Discover Greg Pences Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Greg Pence, as well as his wife Denise Pence, are a huge supporter of Donald Trump. He graduated cum laude with a B.A. He was born on November 14, 1956 . As the country geared up for the vice presidential debate between Vice President Mike Pence and challengerKamala Harris, many were wondering how much the candidates, as well as those close to them, are really worth. Pence, then in his second term in Congress, watched his nest egg crack. Greg provided his military services from the year 1979 until the year 1984. Her husband, investment banker Richard Blum, is president and chairman of Blum Capital and has at least $21 million in assets according to the Los Angeles Times. He was the son of Nancy Jane and Edward Joseph Pence Jr. Greg is not the only child of his parents. Longtime employees said the antique mall hasnt changed much since the Pences took over in 2006, except that theyve increased newspaper and television advertising. Greg Pence Social Network Timeline 2018 He doesnt mention his more famous brother in his campaign ads; he doesnt have to. After being honorably discharged from the Marine Corps, Pence joined Kiel Brothers Oil Company in 1988, after his father died, and served as its president from 1998 to 2004. Virginias real median household income: $71,535. For some reason, theyre usually poorly lit but thats kind of our fault. Mike Pence Net Worth. Controversy aside, it does seem like the antiques malls have been lucrative, butthere's not a concrete figure floating around for the Indiana congressman's net worth. T.J. Cox (D-Calif.), net worth $11.8 million, received $609,825 for two of his 26 businesses. Pence's decision to . Greg Pence's income source is mostly from being a successful . Her brother was Clear Channels CEO before the Mays family sold a large percentage of its stake in the company in 2008. Date of Birth: Jun 7, 1959 (63 years old) Place of Birth: Columbus, Indiana, U.S. They collect sales tax for me, they do all the insurance, they do all the utilities, they deal with customers I dont have to worry about anything except bringing new merchandise.. You also have the option to opt-out of these cookies. The bill passed. Inside the Antique Mall That's Greg Pence's Largest Asset Vice president's brother is running for Congress but seldom gives interviews A worker arranges merchandise at the Exit 76 Antique Mall. An estimated $12 million is Greg Jacob's net worth. During his involvement at Kiel Brothers Oil Company, he also ran a chain of gas stations as well as convenience stores. Pence is a millionaire, but barely. 1 pound = 100 pence. He is seen active on various social media platforms like Facebook, Instagram, and Twitter. Currently, Greg Pence has been serving the Republican Political Party. Pence, who had only a few thousand dollars in savings, accumulated more than $600,000 in losses from the business going under, according to his 2006 tax returns. See more onWilliam Barr,Steven Mnuchin, Wilbur Ross and Betsy DeVos. SOME OF THOSE CANDIDATES SEEM UNLIKELY to get even 10% support in primaries, while Trump clings to his 45% and DeSantis perhaps wins about 30%. Incumbent Rep.Luke Messer is running for the GOP Senate nod, and is a close ally of Pence, who served as Messers finance chairman before launching his own campaign. Bronze, 1.78g, 17.14mm KM# 926. Mike is worth approximately $1.2 million. Theyre mostly stale enterprises with not much life, said one vendor of the antique mall model. Red vests are appropriately named floor staff who will unlock glass cases for customers at the ring of a bell. Pence disclosed two Indiana state-run retirement accounts, worth up to $65,000. The government came to the rescue. The son of a U.S. army officer was born in Trieste, Italy. And when Pence leaves office in 2021 or 2025, the public will remain on the hookeven if he follows his predecessor, Joe Biden, and rakes in millions from books and speechessince Pence will be right at the governments retirement age, ready to start cashing in on his government pensions. His net worth has been growing significantly in 2020-2021. We recommend you to check the complete list of Famous People born on 14 November. Here, fans of old dusty things can find "everything from a $10 U.S. Capitol porcelain plate to an $800 barbecue bull that lets smoke out of its nose, with plenty of Elvis figurines, costume jewelry, knives and grandfather clocks stuffed in between." Required fields are marked *. It may not seem too lucrative, but these rents and cuts of vendor sales apparently add up. He has six other siblings and is the eldest one. . Greg Pence's income source is mostly from being a successful . The estimated range of net worth of Greg Pence is approximately $5 million to $26 million. As of February, 2023 Mike Pence net worth is $1 million. In fact, some of those candidates we . In April, during his first public address since leaving the Trump administration, Pence hinted at a potential run for political office in 2024. Greg owns a lot of antique malls in southern Indiana. 20005. Origin of wealth: Co-founder of Bain Capital, Utahs real median household income: $68,358. Donald Trump has endorsed Rep. Greg Pence of Indiana former Vice President Mike Pence's brother. He ran in the 2018 General Election and eventually won the election. In addition to his work as a politician, Greg is a businessman with varying levels of success, but it's unclear just how profitable his entrepreneurial ventures have been. Along with another smaller antique mall in nearby Bloomington, this 72,000-square-foot mall is Pences largest asset. To request permission for commercial use, please contactus. Mike Pence Net Worth . Thats frustrated some Republican consultants whose clients need the help more. The only signs of Pence were framed newspaper clippings about him and his wife, Denise, purchasing the store in 2006 that hung in the concession area and one red-and-yellow Greg Pence lawn sign tucked into the corner of a conference room. But profits aren't the only thing the antiques have brought Greg Pence. Louis DeJoy - 75th United States Postmaster General, Aaron Blake - American journalist & senior political reporter, Maggie Haberman - American Journalist & Political Reporter, Stephanie Grisham - Chief of Staff to the First Lady of the United States. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Ten years after the landmark 2010 Supreme Court decision known as Citizens United which, according to the Brennan Center for Justice, "further tilted political influence toward wealthy donors and corporations" more and more attention is now paid to how much politicians are worth and how much they earn while in office. The exact value is not clear, but Greg's 2018financial disclosure form estimates that the mall is valued somewhere between $5 million and $25 million. This fortune is mostly made up of a pension worth around $500,000. 59 talking about this. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians wealth since 1990. His paternal grandfather was Robert F. Kennedy and his maternal grandfather was one of the founders of Standard Oil. He has a pure loving kind heart . After his departure, the company filed for Chapter 11 bankruptcy protection in 2004. The antique mall takes a commission of each sale, but all merchandise belongs to the vendors until its sold. Between the 12 years Pence served in the House and his two years as vice president, he is currently eligible to collect an estimated $50,000 per year from the federal government for the rest of his life. Previously, Daily Mail reported that Kiel Brothers Oil Co., which Greg took over from his father, went bankrupt in 2004 when Greg was at the helm. 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