Dick Durbin Net Worth 2024 and Salary: Dick Durbin, the Senate Majority Whip and senior United States Senator from Illinois since 1997, earns an annual salary of $193,400 with documented investments of $207,610 in various sectors, $10,800 in finance/insurance/real estate, and $3,830 in health sectors as of latest financial disclosures through OpenSecrets.
Key Facts About Dick Durbin
- Senator Dick Durbin maintains his position as Senate Majority Whip, earning $193,400 annually.
- Financial records show investments of $207,610 in various sectors as of 2015.
- Additional holdings include $10,800 in finance/insurance/real estate and $3,830 in health sectors.
- His primary residence remains in Springfield, Illinois.
- Recent hip replacement surgery occurred in June 2024.
- Currently serves as the senior United States Senator from Illinois since 1997.
What Are Dick Durbin’s Financial Holdings?
According to OpenSecrets data, Dick Durbin’s financial portfolio demonstrates strategic diversification across multiple sectors. His documented holdings include $207,610 in various sectors, $10,800 in finance, insurance, and real estate investments, and $3,830 in health-related investments as of 2015.
How Does Dick Durbin Generate Income?
As Senate Majority Whip and senior senator from Illinois, Durbin receives his congressional salary. His income sources include:
- Senate leadership position compensation
- Investment returns from his financial portfolio
- Property ownership in Springfield
- Previous earnings from his law practice
What Is Dick Durbin’s Professional Background?
Richard Joseph Durbin began his career practicing law in Springfield. From 1976 to 1981, he co-owned the Crow’s Mill Pub, which he described as a “crash course” in running a business. His legal career included serving as legal counsel to Lieutenant Governor Paul Simon (1969-1972) and the Illinois State Senate Judiciary Committee (1972-1982).
How Has Dick Durbin’s Financial Position Evolved?
During the 2007-2008 financial crisis, Durbin made notable investment decisions. Records show he sold mutual fund shares worth $42,696 and reinvested with Warren Buffett following a closed meeting with congressional leaders and financial officials on September 18, 2008.
What Property Does Dick Durbin Own?
The Senator maintains his residence in Springfield, Illinois. While specific property values are not disclosed in the available sources, his connection to Springfield remains strong through his home ownership and community ties.
What Recent Financial Updates Exist?
In June 2024, Durbin underwent hip replacement surgery, representing a personal medical investment. He continues his role as Senate Majority Whip, maintaining his leadership position and associated responsibilities.
What Potential Conflicts of Interest Have Been Noted?
His wife Loretta’s previous work as a lobbyist raised questions about potential conflicts. The couple maintained they took steps to avoid conflicts between his Senate position and her professional activities. Their financial interests have been subject to public disclosure requirements throughout his Senate tenure.
How Does Durbin’s Position Influence Financial Policy?
As Senate Majority Whip, Durbin plays a significant role in financial legislation. His positions on banking regulation and consumer protection reflect his policy priorities, including his introduction of the Protecting Consumers from Unreasonable Credit Rates Act in 2009.
What Are The Latest News Updates About Dick Durbin?
In December 2024, Durbin made headlines for his critical response to CNN reporter Manu Raju regarding congressional pay raises. The Senator, at age 80, strongly criticized Robert F. Kennedy Jr.’s vaccine statements on December 19, 2024, calling them “shocking.”
Durbin recently faced public attention when tennis legend Martina Navratilova challenged his stance on transgender athletes in NCAA sports. His ongoing involvement in confirming Trump cabinet nominees and judicial nominations demonstrates his continued influence in key Senate processes.
This comprehensive overview reflects verified information from official sources and documented records of Dick Durbin’s career in public service. His position as a senior Senate leader continues to require transparency in financial disclosures and ethical considerations.
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