Barney Frank may be best known for his role as a long-time Democratic Congressman and co-author of the Dodd-Frank Wall Street Reform and Consumer Protection Act, but just how much wealth has he amassed during his political career? In this blog post, we’ll take a closer look at Barney Frank’s net worth and explore the sources of his fortune. From humble beginnings to high-powered positions in government, join us on this journey through the life and finances of one of America’s most influential politicians.
Introduction to Barney Frank and His Career in Politics
Barney Frank was born in Bayonne, New Jersey, on March 31, 1940. He earned a BA from Harvard University in 1962 and a JD from Harvard Law School in 1965. Frank began his political career as an aide to Boston Mayor Kevin White. He was elected to the Massachusetts House of Representatives in 1972 and the US House of Representatives in 1980. He served as chairman of the House Financial Services Committee from 2007 to 2011. Frank retired from Congress in 2013.
Frank has been married to James Ready since 2015. He has an estimated net worth of $4 million.
|Real Name||Barnett Frank|
|Nick Name:||Barney Frank|
|Birth Place:||Bayonne, New Jersey, United States|
|Date Of Birth/Birthday:||31 March 1940|
|Age/How Old:||82 years old|
|Height/How Tall:||In Centimetres – 170 cm
In Feet and Inches – 5′ 7″
|Weight:||In Kilograms – N/A
In Pounds – N/A
|Education:||Harvard Law School (1977), Harvard University (1962), Harvard College|
|Profession:||Former United States Representative|
|Net Worth:||$2 Million|
How Did He Accumulate His Net Worth Over the Years?
Frank’s net worth comes primarily from his years in Congress. He has an estimated net worth of $4 million, which is largely due to his congressional salary and investment portfolio. Frank began working in Congress in 1981 and served for 32 years before retiring in 2013. During that time, he accumulated a large amount of wealth through his annual salary and investments.
Frank’s congressional salary was $174,000 per year. In addition to his salary, Frank also had a significant investment portfolio. His investments included stocks, bonds, and real estate. These investments allowed him to accumulate a large amount of wealth over the years.
In addition to his income from Congress and investments, Frank also earned money from speaking engagements and book royalties. He made approximately $200,000 from speaking engagements in 2012 alone. His book royalties added another $50,000 to his income each year.
All of these sources of income combined to give Barney Frank a net worth of $4 million at the time of his retirement from Congress.
|Net Worth (2023)||$2 Million|
|Profession||Former United States Representative|
|Monthly Income And Salary||$9,000 +|
|Yearly Income And Salary||$0.1 Million +|
What Are Some of His Most Notable Achievements?
In his more than three decades in the House of Representatives, Barney Frank had a hand in some of the most consequential legislation of our time.
As co-chair of the House Financial Services Committee, he was a central figure in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which brought much-needed regulation to the financial industry in the wake of the 2008 financial crisis.
He was also a champion of affordable housing and fair lending practices, helping to lead the charge on laws like the Community Reinvestment Act and the Housing Opportunity through Modernization Act.
And on a personal level, Frank was an outspoken advocate for LGBT rights, becoming one of the first openly gay members of Congress when he came out in 1987. He remained a powerful voice on issues like hate crimes and marriage equality until his retirement from Congress in 2013.
What Are Barney Frank’s Investments?
Frank’s investments are primarily in stocks and bonds. He has invested in companies such as General Electric, JPMorgan Chase, and Goldman Sachs. He also owns a condominium in Washington, D.C. that is worth approximately $1 million.
How Has Barney Frank Used His Money to Help Others?
When it comes to politicians, there are few as well-known or as controversial as Barney Frank. The former Congressman from Massachusetts made headlines for his outspokenness, his wit, and his involvement in a number of high-profile scandals. But what many people don’t know about Barney Frank is that he’s also a philanthropist who has used his money to help others.
Frank has given money to a number of charities and causes over the years, including the Human Rights Campaign, the NAACP Legal Defense Fund, and the Trevor Project. He’s also donated to political candidates and causes he believes in, such as Hillary Clinton’s presidential campaign and the push for marriage equality. In addition to financial contributions, Frank has also given his time to various organizations, serving on the boards of directors for both the New England Council and the National Jewish Democratic Council.
Barney Frank may be best known for his politics, but it’s clear that he cares deeply about helping others. His philanthropy is just one more way that he’s made a positive impact on the world.
Barney Frank’s net worth is a testament to his hard work and dedication over the years. His success in politics, business, and other areas has enabled him to amass a sizeable fortune that he can now enjoy in retirement. Even though his accomplishments are impressive, they also serve as an inspiration for those looking to make their own mark on the world. For anyone who wants to know how it’s done, look no further than Barney Frank’s example of what is possible when you set your mind to something and never give up.