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A Facebook friend recently sent out a post saying that Minnesota Senator Amy Klobuchar had, since joining the Senate in 2007, accumulated so much wealth that she is now the fourth richest woman in America. OK, you don't actually need to look this up to know how ludicrous that is, but because some people are fact-deprived, I looked it up for them.
Actually, a list of the 10 richest women in America can easily be found at Forbes Magazine. The fourth richest is MacKenzie Scott, Jeff Bezos’ ex-wife. Net worth: $33 billion.
According to Quiver Quantitative, a company that tracks insider trading, including lawmakers, Amy Klobuchar’s net worth was $2.05 million in 2024. That makes her one of the least wealthy members of the Senate. MacKenzie Scott's net worth is a mere 1,650 times more than Klobuchar's, whose portfolio is made up of mostly mutual funds. Mutual funds, since they hold a publicly available basket of investments, are typically harder to leverage into corrupt gains than individual stocks, private equity funds, IPOs, or similar investments. The Senator has an additional $1.8 million leftover in her 2024 campaign fund, which she could legally pocket for herself. But she hasn't.
It took me roughly 15 minutes to find this at reputable sources. It’s kind of pathetic that people just pass this kind of information around without fact checking it, though one suspects they aren’t all that interested in facts. Please let me know if I am mistaken and I will happily make the correction. It has happened before.
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