Kevin McCarthy Net Worth: Bio, Career And Net Worth Of A Great American politician

Kevin was the only Republican in his family. Everyone else, including his parents, was a Democrat. Kevin's political views are a bit different from his family's, but that doesn't mean he isn't close to them. McCarthy was in charge of the Republican Party as their leader when they were not the majority, and he worked to help them achieve their goals.

Biography

Kevin McCarthy was born in Bakersfield, California on January 26, 1965. Kevin comes from a family of working-class Democrats. His mom is a homemaker and his dad is an assistant city fire chief. The politician's dad's came from Ireland and his mom came from Italy. When McCarthy was 21, he started a deli and then wanted to do public service because he didn't like all the rules and paperwork and high taxes of running a small business.

In addition, McCarthy’s family has been his biggest cheerleaders outside of politics and the reason he is successful now.

He sold his business to get money for college, and in 1989, he finished college at California State University, Bakersfield, with a degree in marketing. In 1994, Kevin got a Master's degree in Business Administration. While he was in college, he worked as a seasonal firefighter for the Kern County Fire Department and did an internship with Congressman Bill Thomas.

Kevin McCarthy Net Worth And Earnings

Kevin McCarthy is a politician from the United States and has a total Net Worth value of $300,000. Kevin McCarthy, who was an important member of Congress, earned $175,000 every year. He made $223,500 as Speaker of the House of Representatives.

Kevin shared his latest financial information in 2018. At that time, he had $223,002 in total wealth. At that time, he had between $181,000 and $415,000 worth of things he owned, and he owed between $100,000 and $200,000. He owes money on his home mortgage in Bakersfield, California, and also has a loan for his child's education, each in the range of $50-100k. In 2014, he said the most money he had was $300,000. At the moment, he is the 270th richest member of the House of Representatives.

McCarthy was a leader in the California State Assembly from 2004 to 2006 and a top deputy for the House Republicans from 2009 to 2011. Kevin joined the United States club. In January 2007, she started working as a member of the House of Representatives for California's 22nd district. Then, in 2013, she started representing the 23rd district. And in 2023, she began representing the 20th district. McCarthy was a leader in the House of Representatives from 2011 to 2019. He started as the Majority Whip and then became the Majority Leader. Kevin was in charge of the smaller group of politicians in the House from January 2019 to January 2023. He also led the Young Republican National Federation and the California Young Republicans. In 2010, he wrote a book called "Young Guns: A New Generation of Conservative Leaders" with Eric Cantor and Paul Ryan.

He really likes ex-President Donald Trump and talks a lot about his rules, McCarthy agreed with Donald Trump's false belief that the 2020 election was rigged, and he first said that Trump was partly to blame for the riot on January 6, 2021. But later, he changed his mind and said that Trump did not cause the attack on the Capitol. In February 2021, there was news that McCarthy and Trump argued loudly during the insurrection. Kevin asked for help but Donald said no, and told Kevin that the rioters were more upset about the election than he was.

In early 2023, McCarthy became the Speaker of the House after losing 14 votes and winning on the 15th vote on January 7th. This was the first time since 1923 that the Speaker of the House was not chosen on the first vote. On October 3, 2023, he was removed from his position as speaker.

Political Journey

From 1987 to 2002, McCarthy worked for Congressman Bill Thomas. He was in charge of the office in Thomas' district from the late 1990s to 2000. In the middle of the 1990s, Kevin was the leader of the California Young Republicans, and from 1999 to 2000 he led the Young Republican National Federation. McCarthy became a Kern Community College District trustee in 2000 and a California State Assembly member in 2002. In 2006, Bill Thomas stopped working as a Representative and Kevin took his place with 70. 7% of the votes. After the big fight in 2021, Thomas went on TV to say he was unhappy with his old student for telling lies about the 2020 election, like Trump did. In 2022, Bill told "The New Yorker" that the Kevin McCarthy in the House now is not the same person he used to work with. At least by how it looks from the outside. You never know what's really in there. Kevin can be anything you want him to be. He is not telling the truth. He will tell the truth if he needs to. How can anyone believe what he says.

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After winning the election for the House of Representatives, McCarthy didn't have anyone running against him in 2008 and 2010. In later elections, he received 73. 2% of the votes against Terry Phillips (2012), 74. 8% against Raul Garcia (2014), 69. 2% against Wendy Reed (2016), 64. 3% against Tatiana Matta (2018), 62. 1% against Kim Mangone (2020), and 67. 3% against Marisa Wood (2022). Kevin was in charge of the House from 2014 to 2019 and then again from 2019 to 2023. He was also part of a few committees and groups in Congress. McCarthy was a leader in the Republican Party in the House of Representatives from 2009 to 2014. He started in a leadership role right when he became a congressman.

The Republicans barely won the House of Representatives in the 2022 elections. They started voting for the Speaker of the House on January 3, 2023. 203 House members voted for McCarthy, 212 voted for Democrat Hakeem Jeffries, and 19 voted for other Republicans on the first ballot. Kevin got chosen as the Speaker of the House with 216 votes after 15 rounds of voting at 12:37 in the morning. on the 7th of January. This was the first time since 1859 that it took more than nine tries to choose a Speaker of the House.

Personal Life

In 1992, Kevin tied the knot with Judy Wages. Together, they had two kids,

Connor and Meghan. McCarthy is a fan of the Los Angeles Dodgers, an MLB team, and he was previously on the board of the Community Action Partnership of Kern. Following his withdrawal from the 2015 Speaker of the House contest, Kevin faced allegations of having an extramarital affair with married Republican representative Renee Ellmers. Representative Walter B. Jones Jr. wrote to Republican Conference chair Cathy McMorris Rodgers a few days before McCarthy announced his resignation, pleading for fellow Republicans to resign if they had engaged in any "misdeeds." Both Ellmers and McCarthy refuted reports that they had an affair.

Real Estate

Built in 1987, McCarthy and his spouse live in a 1,571-square-foot house in Bakersfield, California. Purchased by Kevin and Judy in 1996, the house has two baths and three bedrooms. According to McCarthy's 2019 financial disclosure, the residence had an estimated market worth of $300,000, and at the time of the mortgage, it was between $50,000 and $100,000.

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