Kyrsten Sinema is an independent American politician who has served as the U.S. Senator from Arizona since 2019. Although her initial allegiance was to the Democratic Party, she has shifted toward a more independent, bipartisan approach. This shift toward the political center ultimately led to her leaving the Democrats in December 2022. This article will uncover Kyrsten Sinema’s net worth and any potential source of income other than her senatorial salary.
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How rich is Kyrsten Sinema?
Kyrsten Sinema attended Walton High School and graduated as valedictorian at 16. She then enrolled at Brigham Young University and earned her B.A. in 1995. After that, she earned her JD from Arizona State University College of Law in 1999. Ultimately, she would complete her PhD in justice studies at the same ASU College.
Sinema had been attempting to enter local politics as an independent starting in 2000 but failed. In 2003, she took adjunct professor positions at Arizona State University School of Social Work and Arizona Summit Law School. Besides her teaching positions, she has had no other known significant income sources.
Kyrsten Sinema joined the Democrats and won the local Arizona House of Representatives elections, a post she held until 2011 when she was elected as a member of the Arizona Senate. In 2013, she became a member of the U.S. House of Representatives from Arizona, and finally, in 2019, she became a U.S. senator from Arizona.
Having virtually no other sources of income besides teaching and politics, Kyrsten Sinema’s net worth is very modest.
What is Kyrsten Sinema’s net worth?
In 2018, OpenSecrets estimated Kyrsten Sinema’s net worth at $32,500. In 2023, a spokesperson for Sinema told Newsweek that her net worth could not be more than $85,000 and backed the figure with official financial disclosures. According to CelebrityNetWorth, her current net worth is estimated to be $100,000.
However, it is worth noting that CAKnowledge has previously disseminated unverified and questionable claims about public figures, including allegations about the wealth of Lauren Boebert, Tucker Carlson, Joe Biden, and Hunter Biden, which have been debunked.
To assess the validity of the $11 million claim, it is necessary to analyze Sinema’s financial disclosures as a senator. In 2022, she reported a teaching fee of $24,174.15 from Arizona State University and two retirement plans valued at up to $50,000 each. Her disclosures also revealed an educational liability within the same valuation range. Even when considering her Senate salary of $174,000 per year, this falls significantly short of the figure stated by CAKnowledge.
While it is theoretically possible that Sinema’s initial $5 million worth in 2018 could have grown to $11 million by 2022 through investments, there is no evidence to support this hypothesis as required by the STOCK Act.
The claim by CAKnowledge that Kyrsten Sinema’s net worth has increased from $5 million to $11 million since 2018 lacks substantial evidence. Sinema’s financial disclosures suggest that her net worth is unlikely to exceed $85,000.
How did Kyrsten Sinema make her money?
Kyrsten Sinema’s net worth remains humble with only two sources:
- Salary from politics: Sinema has held the title of U.S. Representative from Arizona from 2013 to 2019 and the title of a U.S. Senator from Arizona since 2019, both of which provide an annual salary of $174,000;
- Salary from teaching: Kyrsten Sinema also earns a salary from teaching. However, it is $25,600 each year, which is a fraction of her senatorial payments and is, therefore, almost negligible on a grand scale.
What will Kyrsten Sinema do after politics?
Since parting ways with the Democratic Party, Sinema has stated that she will not seek reelection. According to a biography of Mitt Romney, Romney: A Reckoning, Sinema once told the Utah senator: “I don’t care. I can go on any board I want to. I can be a college president. I can do anything. I saved the Senate filibuster by myself. That’s good enough for me.”
Business Insider also claims that she has the means to pursue several routes to getting rich from her experience and political relationships, including becoming a lobbyist, joining a corporate board, giving paid speeches, or writing down her experiences.
All in all, it almost looks as if being a Senator has prevented Sinema from becoming rich, and removing that barrier could lead to her multiplying her current net worth.
Insider trading involvement
Kyrsten Sinema has not participated in investing, and does not own individual stocks. Therefore, she cannot be accused of insider trading. Furthermore, she has not expressed her opinion on banning U.S. representatives from trading individual shares.
That said, she has drawn fire for covering hedge fund managers, law firm partners and private equity executives by protecting the carried interest tax loophole. In return, she raised at least $2 million from the securities and investment industry for her election campaigns since 2018.
Who is Kyrsten Sinema?
Kyrsten Lea Sinema was born on July 12, 1976, in Tucson, Arizona. Her parents divorced when she was a child, and her mother moved the family in with her stepfather. Sinema said that when her stepfather lost his job and home, the family moved into an abandoned gas station with no running water or electricity for more than two years.
Kyrsten Sinema started her political career in the Arizona State Legislature, where she served from 2005 to 2011. She was first elected to the U.S. House of Representatives in 2012, representing Arizona’s 9th congressional district, before moving to the Senate in 2019.
Although a member of the Democratic Party for most of her career in politics (until December 2022), Sinema is known for her centrist and independent approach, frequently splitting away from party lines. She frequently expressed socially progressive and fiscally conservative values and focused on social issues, abortion, same-sex marriage, healthcare, veterans’ affairs, and immigration reform.
Education and early career
Born to middle-class Mormon parents in Arizona, Sinema’s early childhood took a difficult turn after her parents divorced in 1983. Sinema’s mother remarried, and her stepfather lost his job shortly after moving the family to Florida. He ultimately found part-time work, but the family of five was forced to take up residence in an old gas station. With additional work and the assistance of their local church, Sinema’s stepfather and mother eventually moved the family to a farmhouse. Sinema later described the three years that her family lived in the gas station as a defining period in her life, one that inspired her to become a social worker and, later, a politician.
At age 16 Sinema graduated from high school as valedictorian and two years later earned a bachelor’s degree from Brigham Young University. She returned to Arizona in 1995, where she obtained a master’s degree in social work at Arizona State University (ASU) in 1999. While studying for her master’s, she worked as a social worker in Phoenix.
In 2000 Sinema took a position as a staff member on the presidential campaign team for American lawyer and consumer advocate Ralph Nader. The following year she ran for office as a member of Nader’s left-wing Green Party. Colourfully styling herself a “Prada socialist,” Sinema argued against the death penalty and protested both the Afghanistan War and the Iraq War—the latter, memorably, in a pink tutu. In 2005, however, Sinema took office, joining the Arizona Democratic Party and becoming the representative for Arizona’s 15th district in that state’s House of Representatives. Simultaneously, she earned a Juris Doctor (J.D.) degree from ASU’s College of Law and began working as a criminal defense lawyer.
Over the next six years, Sinema climbed the ranks within the Arizona House Democratic caucus, becoming assistant leader by 2010. That year Sinema successfully ran for the Arizona Senate, defeating Republican Bob Thomas. During her time in the state capitol, Sinema began working with Republicans to pass bipartisan legislation, not all of which was pleasing to her liberal base. She also came out as bisexual; her first public comment as an elected official about her sexuality was, “We’re simply people like everyone else who want and deserve respect.”
In 2012 Sinema received a Ph.D. in justice studies from ASU and ran to represent Arizona’s 9th congressional district. Sinema won the three-way Democratic primary on August 28, 2012, beating state senator David Schapira and former Arizona Democratic Party chairman Andrei Cherny. In the general election, Sinema faced Paradise Valley mayor Vernon Parker. The ensuing race would later be called “bitterly fought” by commentators, involving millions of dollars in attack ads. Election day ended on November 6, 2012, with the contest too close to call, as election authorities counted fewer than 75 percent of the votes. Sinema was eventually found to have won by four percentage points, or roughly 10,000 votes.
Representative and senator
In the U.S. House of Representatives, Sinema moved further to the right, becoming “arguably the most conservative Democrat in the House,” according to The Arizona Republic newspaper. Although Sinema voted with her party on contentious matters such as whether to repeal the Affordable Care Act, she joined with Republicans on issues such as military funding, business regulations, and veterans’ health care. She solidified her place in the political spectrum by joining the Blue Dog Coalition and the Problem Solvers Caucus, both of which were dedicated to centrist lawmaking.
In 2017, after winning two more terms in the U.S. House, Sinema declared her intention to run for the U.S. Senate and subsequently won the election in 2018. While in the Senate, Sinema’s centrism has made her an especially controversial figure among Democratic voters. In a Senate divided 50–50 between Republicans and Democrats during the 117th U.S. Congress, Sinema leveraged her necessary vote to obstruct popular parts of the Democratic agenda, such as lowering prescription drug costs for Medicare recipients and increasing taxes for corporations and wealthier individuals.
Moreover, she sometimes did so with a flippancy that enraged her critics, such as when she performed a half-curtsy while voting down a minimum wage increase. In January 2022 Sinema received a rare censure from the Arizona Democratic Party for not supporting the abolition of the Senate filibuster rule.
On December 9, 2022, Sinema announced that she was leaving the Democratic Party, saying, “I’ve never fit neatly into any party box.” However, the senator continued to caucus with Democrats. Facing what was expected to be a difficult reelection in 2024, Sinema announced that she would leave office when her current term ended.
Kyrsten Sinema’s net worth – the bottom line
Kyrsten Sinema’s net worth, estimated at $100,000, makes her one of the poorest U.S. Senators. Despite her complex history, from homelessness to earning a PhD in justice studies, she prioritized politics before becoming rich. However, once she steps down as a senator, this may change.
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