John Fetterman’s Net Worth: How Rich is Pennsylvania’s Senator?

John Fetterman is an American politician currently serving as the U.S. Senator of Pennsylvania after winning his election in November 2022. Before, he served as mayor of Braddock, PA (2006 – 2019) and Lieutenant Governor of Pennsylvania (2019-2023). John Fetterman’s net worth comes primarily from his salary and ownership of real estate and investment assets.

Fetterman has had some health struggles including a stroke in November 2022, and depression that led to a stay at Walter Reed National Military Medical Center in February 2023. 

In this post, you’ll learn about Pennsylvania Governor John Fetterman’s net worth, income, real estate holdings, assets, political views, and family.

Plus, find out how we can help YOU build a million dollar brand… absolutely FREE.

What is John Fetterman’s net worth?

According to different sources, John Fetterman’s net worth is an estimated $2 million and his assets between $717,000 and $1.58 million.

Who is John Fetterman?

John Fetterman is an American politician serving as the current junior U.S. senator for Pennsylvania since January 2023. A member of the Democratic Party, Fetterman served as the 34th lieutenant Governor of Pennsylvania and president of the Senate (2019 – 2023) and the mayor of Braddock (2006-2019). Described as a progressive, Fetterman has worked for various causes of social justice, earning him the title ‘progressive leader’ both as Mayor and Governor.

Early life

John Karl Fetterman was born August 15, 1969, in Reading, Pennsylvania, to Karl and Susan Fetterman.

The family moved to York suburbs, P.A, where Fetterman grew up, and his father became a partner at an insurance firm. Growing up, he had a self-described privileged upbringing.

Education and Early Career

Fetterman attended Albright College, his father’s alma mater, and graduated in 1991 with a bachelor’s degree in finance. 

For two years, Fetterman worked in Pittsburgh as a risk-management underwriter for Chubb. He later attended the University of Connecticut (UConn) and received a Master of Business Administration (MBA) in 1993.

While at UConn, Fetterman lost his best friend, who died in a car accident, profoundly impacting his life. 

Fetterman volunteered at the Big Brothers Big Sisters of America. While there, he was paired with an 8-year-old boy whose parents died of AIDS. John promised to care for him after his mother died.

In 1995, Fetterman joined AmeriCorps and taught Pittsburgh GED students in 2001 in an Out-of-School-Youth Program.

In 1999, Fetterman received a Master of Public Policy from Kennedy School at Harvard University.

Mayor of Braddock (2006–2019)

In 2004, Fetterman’s work with AmeriCorps led him to move to Braddock.

In 2005 he ran for mayor of Braddock and succeeded. He served as part-time mayor of Braddock and full-time director of the city’s youth program.

Fetterman became a full-time mayor of Braddock in 2006. As mayor, Fetterman tried to bring life back to the old steel town and founded a nonprofit organization, Braddock Redux, which he used to acquire properties in Braddock.

His role as mayor of Braddock only paid him only about $150/month, so his father subsidized his life financially. In 2015, John received payments of $54,000 from his father.

He served as mayor until 2019, when he became Lieutenant Governor of Pennsylvania.

Lieutenant Governor of Pennsylvania (2019–2023)

Fetterman ran for the U.S. Senate seat in Pennsylvania in 2016 but lost as he came in third in the Democratic primary. 

In 2018 he became Lieutenant Governor of Pennsylvania, earning an annual salary of $217,610.

Fetterman supported healthcare as a right, criminal justice reform, raising the federal minimum wage to $15/hour, and decriminalizing marijuana.

U.S. Senator of Pennsylvania (2023 – present)

In 2021, Fetterman ran for the Pennsylvania U.S. Senate and beat Republican Mehmet Oz in the 2022 general election. He won the election with Tom Wolf as Governor. Fetterman took office on January 3, 2023.

At a height of 6 ft. 9 in. John Fetterman is the tallest elected senator and tallest serving senator. 

How does John Fetterman make money?

As of February 2023, Fetterman’s net worth is an estimated $2 million. His income came from his salary as a politician, investments, and proceeds from business dealings.

1. His real estate holdings

Fetterman owns several properties, including a home in Braddock, Pennsylvania, which he purchased for $30,000 in 2001. He owns a total of eight properties in Braddock, P.A. He also owns a commercial property, an old Chevrolet Yard, in Braddock that he purchased in 2008.

2. Investment assets

Fetterman has several investment accounts, including a retirement account and a stock portfolio valued at between $717,000 and $1.58 million, according to his May 2021 financial statement. Majority of these assets are in trusts and bank accounts for his children, valued between $450,000 and $1 million. He also owns a single stock holding in Verizon, valued at up to $15,0001.

3. Income from his jobs

When Fetterman worked as the mayor of Braddock, P.A, he earned a paltry salary of $150 a month. He was also elected the Lieutenant Governor of Pennsylvania, where he earned a salary of $217,610 per year.   

4. Assets from his businesses

Fetterman owns a business called 1712 Designs, which sells t-shirts and other merchandise. He has also owned a restaurant and a bar.

5. Car Collection

Fetterman is known to have a car collection that includes a 1970 Chevrolet Nova, a 1969 Oldsmobile Cutlass, and a 1993 Ford F-150.

6. Other assets

Fetterman doesn’t have many other assets. He has a boat and a motorcycle. If he has other assets, they’ve not been revealed.

7. Net worth of his spouse

Fetterman’s spouse, Gisele Barreto Fetterman, is the founder of the Free Store, a non-profit organization providing essential items to needy people. Her net worth is estimated to be approximately $10 million.

8. Inheritances

John Fetterman was born into an affluent family who put him through college. His father, Karl, founded an insurance agency and gave John Fetterman financial contributions until his mid-40s. He also received payments of $54,000 from his father in 2015.  

9. Tax Returns

Fetterman’s tax returns show he has an annual income of approximately $187,000.

10. Net worth of his children

Fetterman’s children are minors and do not have a net worth of their own.

What is John Fetterman’s salary as Pennsylvania Governor?

As Lieutenant Governor of Pennsylvania, John Fetterman earned a salary of $217,610 per year. He was the Lieutenant Governor of Pennsylvania from 2018 to January 2023.

FAQs

How rich is Pennsylvania’s Governor, John Fetterman?

John Fetterman is not so rich. His net worth is estimated to be around $2 million. Fetterman earned his money through salary, property, and investments. As Governor of Pennsylvania, he earned a salary of $217,610 per year. He has several investment accounts, including a retirement account and a stock portfolio valued at between $717,000 and $1.58 million, according to his May 2021 financial statement. 

What is John Fetterman’s net worth?

John Fetterman’s net worth is estimated to be $2 million. 

Where does John Fetterman currently reside?

Previously, John Fetterman resided in the Governor’s Mansion in Harrisburg, Pennsylvania. John Fetterman lives with his family on two floors of the Superior Motors building, a century-old former Chevrolet dealership outside Pittsburgh.

What type of business does John Fetterman own?

John Fetterman owns a business called 1712 Designs, which sells t-shirts and other merchandise. The company’s merchandise features slogans related to social justice, including Equality for All and America for All. The profits from the business are donated to charity.

What is John Fetterman’s background?

John Fetterman was born in Reading, Pennsylvania, and grew up in York, Pennsylvania. He attended Albright College, where he played on the college’s football team, and later received a Master of Business Administration (MBA) from UConn. After graduating, Fetterman worked as a social worker and later as an Americorps volunteer. He received a Master of Public Policy from Harvard University. He’s a progressive leader and supports social justice.

What are John Fetterman’s political views?

John Fetterman is a progressive politician who supports social policies to reduce income inequality and promote social justice. He advocates for criminal justice reform, gun control, access to healthcare, and the decriminalization of marijuana.

What kind of activities has John Fetterman been involved in?

Throughout his career, John Fetterman has been involved in various social justice and community development activities. He has worked as a social worker, founded a non-profit organization called Braddock Redux, and served as the mayor of Braddock, Pennsylvania. 

He has also served as the Lieutenant Governor of Pennsylvania and now serves as the U.S. Senator of Pennsylvania. As a politician, Fetterman has advocated for healthcare as a right, abolishing capital punishment, raising the federal minimum wage to $15/hour, and decriminalizing marijuana.

What are John Fetterman’s sources of income?

John Fetterman’s sources of income include his salary as the Governor of Pennsylvania, his real estate holdings, his investment assets, and the profits from his business, 1712 Designs.

What kind of organizations has John Fetterman been involved with?

John Fetterman has been involved with several organizations aimed at promoting social justice and community development. These include Braddock Redux, a non-profit organization he founded to promote community development in Braddock, P.A., and the Free Store, a non-profit organization his spouse, Gisele Barreto, founded to provide essential items to people in need.

What has John Fetterman done to promote equality and justice?

Throughout his career, John Fetterman has been an advocate for policies aimed at promoting social justice and reducing inequality. As mayor of Braddock, he worked to revitalize the community and small businesses. Fetterman has also been an advocate for criminal justice reform, gun control, access to healthcare, and decriminalization of marijuana. 

Takeaway

John Fetterman, the current U.S. Senator of Pennsylvania, has a net worth of $2 million. 

His wealth is primarily derived from his salary, ownership of real estate, investment assets, and the profits from his business, 1712 Designs. 

Fetterman is known for his advocacy for progressive causes, including criminal justice reform, gun control, and income inequality, and has been involved in various social justice and community development activities. 

If Fetterman’s career trajectory inspires you to get involved in your local government, we hope you’ll dive right in and help to make the world a better place. We can’t coach you on how to get elected to public office, but we wish you the best.

But if you’re more inspired by the way people surrounding Fetterman have supported him financially to make a difference in his community, we can help. These people built successful businesses that made this kind of support possible. That’s the kind of business we coach our students to build.

In fact, we’re on a mission to make one million millionaires by 2028. We’d love you to be one of them!

If you’re ready to get started building a business of your own, we’ve got a quick homework assignment for you that you’ll enjoy. Download this FREE million dollar brand playbook, and we’ll get started.