Mike Johnson does not fit the profile of the millionaires who occupied the presidency of the House

The financial resources of James Mike Johnson, current speaker of the House of Representatives, differ from those of those who previously held that position.because far from having a fortune invested in assets of transnational companies, The Louisiana Republican fits more the profile of a citizen average.

According to its annual financial disclosure report, filed in August, The 51-year-old politician’s liabilities consist of a home mortgage worth up to $500,000, which was issued in 2013; a personal loan of up to $50 thousand dollars dating back to 2016, and a line of credit limited to $50 thousand dollars enabled since 2019.

All These amounts of money are distant from the financial power of the two presidents before Johnson was elected.

Kevin McCarthy, Republican of California, who after only nine months in office, on October 3 became the first president to be dismissed from the House of Representatives, He indicated in his statement last year that he has nearly $800,000 invested in company assets, which he continually negotiates in the shareholder market.

Besides, The legislator reported financial obligations worth up to $350 thousand dollars which included a mortgage and a student loan for one of his children.

For her part, Nancy Pelosi, who presided over the House of Representatives before McCarthy, reported owning millions of dollars in assets from companies such as Google, Amazon, Apple, American Express, Microsoft, Netflix, Comcast, Salesforce and the Walt Disney Company, to name a few.

In fact, Baltimore Democrat’s net worth exceeds $100 million derived largely from the transactions carried out in recent years when acquiring and marketing assets.

Compared to his colleagues, Mike Johnson looks more financially fragile, but that same condition seems to connect him not only with the vast majority of the members of the House of Representatives, but with citizens in general, which places him as a person who knows the problems of millions of Americans affected by the high cost of living and other factors such as inflation.

So, by being elected by the Republicans, they would have a strong card not to lose their dominance in the House. ahead of next year’s elections and perhaps longer, Well, he is 30 years younger than Pelosi, and seven years younger than McCarthy, which is a great advantage as long as he manages to keep his party faction united.

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