Kevin Owen McCarthy is a politician from the United States who was born on January 26, 1965. He served as the 55th speaker of the House of Representatives. He is a Republican who held the positions of House Minority Leader in 2019 and Speaker of the House in January 2023. From 2019 to 2023, he oversaw the House Republican Conference.
He was the first Speaker to ever be ousted from office in response to a motion to vacate, and his reign came to an end after just ten months. His term as the representative for California began in 2007. He has represented the majority of the San Joaquin Valley in Congress since 2023, when his district was renumbered as the 20th in California.
Kevin McCarthy Net Worth
Kevin McCarthy stands out with a net worth of $300,000. Kevin McCarthy’s yearly compensation was $175,000 while he was a senior congressman. The House of Representatives paid him $223,500 per year to serve as speaker.
At the time of his most recent financial statement in 2018, Kevin had a net worth of $223,000. At that time, his assets were valued between $181,000 and $415,000, while his liabilities were between $100,000 and $200,000. Two debts were detailed in his financial disclosure: a mortgage of $50,000 to $100,000 on his Bakersfield, California, house and a loan of the same amount for a dependent kid from the Department of Education.
According to his 2014 filing, his highest declared net worth was $300,000. At the time of this writing, he ranks as the 270th wealthiest congressman. Republican Kevin McCarthy represented California’s 32nd district in the state assembly from 2002 until 2006. After that, McCarthy was the House Republican Chief Deputy Whip from 2009 to 2011 and the Minority Leader of the California State Assembly from 2004 to 2006.
Kevin was first elected to represent California’s 22nd congressional district in January 2007. In 2013, he took over the 23rd district, and in 2023, he was elected to represent California’s 20th district. McCarthy held the positions of House Majority Whip from 2011 to 2014 and House Majority Leader from 2014 to 2019.
In addition to his experience as chairman of the Young Republicans of California and the Young Republicans of the United States, Kevin served as House Minority Leader from 2019 to 2023. His 2010 book, “Young Guns: A New Generation of Conservative Leaders,” was co-authored with Paul Ryan and Eric Cantor.
McCarthy backed Trump’s baseless accusations of election fraud in 2020 and, after first saying that Trump “bears responsibility” for the January 6, 2021 revolt, then claimed that Trump had nothing to do with instigating the assault on the nation’s capital. During the rebellion in February 2021, reports surfaced that McCarthy and Trump got into an argument about Kevin’s request for assistance.
Donald reportedly told him, “Well, Kevin, I guess these people are more upset about the election than you are.” After losing the bid for speaker of the house fourteen times, McCarthy ultimately won on the fifteenth ballot in the wee hours of January 7th, 2023, making history in the process. For the first time since 1923, the House Speaker was not chosen on the first ballot. His tenure as speaker came to an end on October 3, 2023.
Kevin McCarthy Private Life
Two children, Connor and Meghan, were born to Kevin and Judy Wages after their 1992 marriage. McCarthy is a lifelong Los Angeles Dodgers fan and a former board member of the Kern Community Action Partnership. Rep. Renee Ellmers, a Republican from Georgia, accused Kevin of having an affair shortly after he withdrew from the 2015 run for speaker of the house.
Shortly before McCarthy resigned, Representative Walter B. Jones Jr. penned a letter to Cathy McMorris Rodgers, chair of the Republican Conference, in which he implored his fellow Republicans to resign if they were involved in any “misdeeds.” There were accusations of an affair, which McCarthy and Ellmers both denied.
Kevin McCarthy Real Estate
In 1987, McCarthy and his wife purchased a 1,571 square foot house in Bakersfield, California. In 1996, Kevin and Judy purchased a house with three bedrooms and two bathrooms. According to McCarthy’s 2019 financial report, he owed between $50,000 and $100,000 on the house, even though its market worth was estimated at around $300,000.
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