U.S. Representative Al Green's estimated net worth was $5,373,507 in 2018.
Understanding Net Worth
Net worth represents the total value of an individual's financial and non-financial assets minus the total value of their outstanding liabilities. In simpler terms, it's what an individual owns minus what they owe. For public figures like U.S. Representatives, these figures are often reported to promote transparency regarding their financial interests and potential conflicts.
The net worth figure for U.S. Representative Al Green from 2018 is summarized below:
| Year | Estimated Net Worth |
|---|---|
| 2018 | $5,373,507 |
Factors Influencing Net Worth
A person's net worth is influenced by various financial components, including:
- Assets:
- Real Estate: Value of homes, land, or other properties owned.
- Investments: Stocks, bonds, mutual funds, retirement accounts (e.g., 401k, IRA), and other financial portfolios.
- Bank Accounts: Savings, checking, and money market accounts.
- Valuable Possessions: Art, jewelry, vehicles, or other high-value personal property.
- Liabilities:
- Mortgages: Outstanding balances on home loans.
- Loans: Car loans, student loans, personal loans.
- Credit Card Debt: Balances owed on credit cards.
For elected officials, their income sources typically include their congressional salary, potential spousal income, and returns from investments. Disclosures provide insight into these financial aspects, though the exact composition of their net worth can vary greatly based on individual financial management and market conditions.
