Elise Stefanik Net Worth 2024: Elise Stefanik is a prominent Republican U.S. Representative from New York’s 21st congressional district who maintains a net worth of $282,007 as of recent estimates, earns an annual congressional salary of $174,000, and generates additional income through her rental properties valued at $375,000 and her leadership PAC, which has raised over $9.6 million between 2023-2024.
The Financial Journey of Elise Stefanik
Key Facts about Elise Stefanik
- Elise Stefanik serves as the U.S. Representative for New York’s 21st congressional district since 2015.
- Her current net worth stands at $282,007 (2018 estimate).
- She owns residential rental property valued at $375,000.
- Her annual congressional salary is $174,000.
- She ranks 259th in wealth among House Representatives.
- Her E-PAC has raised over $9.6 million between 2023-2024.
- She was recently nominated as U.S. Ambassador to the United Nations by Donald Trump.
Current Net Worth and Assets
Elise Stefanik, representing New York’s 21st congressional district, has built a modest but substantial financial portfolio throughout her political career. Her reported net worth of $282,007 places her in the middle range among congressional representatives. The cornerstone of her wealth lies in real estate, specifically a residential rental property valued at $375,000, complemented by strategic investments including a significant certificate of deposit at Adirondack Trust.
Income Sources and Salary
As a member of Congress, Stefanik receives the standard congressional salary of $174,000 annually. Her income is supplemented by rental revenue from her property investments and returns on various financial instruments. The establishment of her leadership PAC, E-PAC, has demonstrated her fundraising capabilities, with recent financial disclosures showing over $9.6 million in fully disclosed contributions between 2023 and 2024.
Property Portfolio
Stefanik’s real estate holdings center primarily on her residential rental property, which generates steady income. She and her husband, Matthew Manda, maintain their primary residence in Schuylerville, near Saratoga Springs, New York. This strategic location allows her to maintain close connections with her constituency while managing her investment properties.
Career Progression and Financial Growth
Starting her career in the George W. Bush administration, Stefanik’s financial trajectory has shown steady growth. Her transition from White House staff to elected official marked a significant shift in her earning potential. Her role as House Republican Conference Chair, the fourth-highest ranking position in House Republican leadership, has further enhanced her political and financial influence.
Business Connections
Stefanik’s family background in business, with her parents operating a wholesale plywood distribution company in Guilderland Center, New York, has influenced her understanding of commercial enterprises. This connection to small business has shaped her economic policies and financial decisions.
Campaign Finance and Fundraising
Through E-PAC, Stefanik has demonstrated exceptional fundraising abilities. The organization maintains a high quality of disclosure, with 97.56% of its $9.8 million in contributions fully documented. This transparency has strengthened her position within the Republican Party and enhanced her financial credibility.
Investment Strategy
Stefanik’s investment portfolio reflects a conservative approach, focusing on stable assets like real estate and secure financial instruments. Her Adirondack Trust Certificate of Deposit worth $65,001 demonstrates her preference for reliable investment vehicles over more volatile options.
Latest News and Current Developments
UN Ambassador Nomination In a significant career advancement, Donald Trump has nominated Elise Stefanik as the United States Ambassador to the United Nations. The announcement, made in November 2024, positions her to potentially replace current Ambassador Linda Thomas-Greenfield. Stefanik has expressed being “deeply humbled” by the nomination, which requires Senate confirmation.
University Leadership Controversy
Stefanik recently gained national attention for her role in the December 2023 congressional hearing on antisemitism at elite universities. Her pointed questioning of university presidents led to significant consequences, including the resignation of University of Pennsylvania President Liz Magill.
Recognition for Israel Advocacy
Following her prominent role in addressing antisemitism, Stefanik received the “Dr. Miriam and Sheldon Adelson Defender of Israel Award” from the Zionist Organization of America. This recognition highlights her increasing influence in foreign policy matters, particularly concerning U.S.-Israel relations.
Congressional Leadership
Her position as House Republican Conference Chair has been marked by recent legislative activities and party leadership. In this role, she continues to shape Republican policy positions and messaging strategies, maintaining her status as the fourth-ranking Republican in the House.
Elise Stefanik’s financial profile reflects a balanced approach to wealth management, combining public service income with strategic investments. Her net worth, while modest by congressional standards, demonstrates effective financial planning and responsible asset management. As she potentially transitions to a diplomatic role, her financial foundation appears solid, built on diversified income sources and conservative investment choices. Her recent nomination as UN Ambassador and involvement in significant political developments indicate an expanding influence in both national and international spheres.
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