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Simply two months after he was ousted as speaker of the House of Representatives on Oct. 3, Rep. Kevin McCarthy (R-Calif.) has announced his resignation from Congress, efficient on the finish of this yr. As the one speaker in historical past to be voted out of workplace, McCarthy vowed to “by no means, ever hand over combating for this nation that I really like a lot.”
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Florida Republican Consultant Matt Gaetz initiated McCarthy’s elimination in a no-confidence vote in October, and was uncharitable after McCarthy’s announcement Wednesday, posting “McLeavin” on his X account and “selling a beforehand launched thirteen-minute video based mostly on the ouster of McCarthy, which he led,” in accordance with CNN.
McCarthy turned speaker in January 2023 through a messy, 15-ballot vote after former Rep. Nancy Pelosi (D-Calif.) stepped down from her position as speaker of the House on the finish of 2022, leaving the Home with no speaker firstly of the brand new yr.
How Wealthy Is Kevin McCarthy?
By some accounts, McCarthy is acknowledged as one of many wealthiest politicians within the U.S., although pinning down these accounts is less complicated stated than executed. The web site CAKnowledge.com reported his internet value as $30 million.
Nonetheless, in accordance with the extra dependable Celebrity Net Worth, the “onetime deli counter proprietor” from Bakersfield, California, is just value round $300,000. Different sources, together with the Los Angeles Occasions, have reported his internet value at a minimal of $81,000.
McCarthy has been a congressional consultant for 17 years. Earlier than being voted in as speaker, McCarthy acquired an annual wage of $174,000. His wage jumped to $223,500 upon changing into Home Speaker, a place he held for a scant 9 months.
Born in Bakersfield, California, McCarthy graduated from California State College, Bakersfield, and went on to chair the Younger Republican Nationwide Federation earlier than serving within the California State Meeting starting in 2002. He joined the U.S. Home of Representatives in 2007 and has held the roles of celebration whip and minority and majority chief.
In line with CAKnowledge.com, McCarthy owns a number of belongings within the type of luxurious vehicles, in addition to California actual property. However in accordance with his biography on the Home of Representatives web site, he nonetheless lives in Bakersfield together with his spouse and their two youngsters in what Superstar Web Price describes as a 1,571-square-foot dwelling value roughly $300K.
David Nadelle contributed to the writing of this text.
Extra From GOBankingRates
This text initially appeared on GOBankingRates.com: How Rich Is Rep. Kevin McCarthy as He Resigns From Congress?
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