Trudy Busch Valentine, who is the inheritor of a part of the Busch family’s beer empire, in a federal disclosure filing on Sunday, acknowledged that she is not a billionaire. She is, nevertheless, by far the richest contender for the open Senate seat in Missouri.
Trudy Busch Valentine’s net worth in 2022
Trudy Busch Valentine provided a 38-page personal financial disclosure report, which is required of all Senate candidates and members. It detailed assets ranging from $67.5 million to $214.7 million. The report, which was originally due on May 16 but was given an extension in April, was submitted on Sunday.
Trudy Busch Valentine’s salary
According to the research, her income in 2021 ranged from $4.25 million to $30.5 million. It is 74 to 533 times the state’s $57,290 median household income. Assets and income are listed in personal financial disclosure forms as a range. For instance, Valentine cited her interest in the $5 million to $25 million tourist destination Grant’s Farm, where she grew up, as her largest asset.
Trudy Busch Valentine promised not to accept the $174,000 Senate salary in a news release last week. A state election law that prohibits candidates from “offering or promising to discharge the duties of such office for a less sum than the salary, fees or emoluments as fixed by law.”
Although making such claims carries a penalty of up to a year in jail and a fine of up to $2,500, no candidate has ever been charged for doing so in recent memory.
Valentine filed on March 28, making him a late entrant for the Democratic primary. She has only submitted one disclosure report, which shows that she spent $894 in the first two days of the campaign, thus it is unclear how much of her riches she will commit to the race.
On July 15, the subsequent campaign disclosure report is due.
Her campaign spending compared with others contesting for the Democratic senate
Only two other contenders, Republican U.S. Rep. Billy Long of Springfield and Attorney General Eric Schmitt, have submitted financial disclosures for 2021. Both are pursuing the Republican nomination.
Prior to being elected to Congress, Long worked as an auctioneer and real estate salesman. His assets, which range in value from $2 million to $4.5 million, are essentially unchanged from his report for 2020.
In his most recent form, Schmitt listed assets worth between $427,000 and $1.1 million as well as his $161,6198 state salary and investment income of less than $2,000.
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