How Kristi Noem Achieved a Net Worth of $4.5 Million
Kristi Noem paints herself as the small-town rancher and farmer out there fighting for the rights of everyday people. Her campaign fund Kristi for Governor is supported by an average donation of just $49, and donations as low as $10 are encouraged on her website.
Like most politicians, she wants everyone to see her as just another South Dakotan serving her country, but she’s far from the average woman when you dig into the real Kristi Noem net worth.
So, what is Kristi Noem’s net worth, and how does she earn that money? Her personal net worth is estimated at $4.5 million as of 2021. That number comes from ExactNetWorth, but no one really knows how they arrived at that number. The exact net worth of Kristi Noem isn’t known, but we can dig into her income streams and investments to see where this politician is earning her money.
How do politicians like Kristi Noem make so much money?
Kristi Noem has served in the government for more than 15 years. Her political career started with five years in the South Dakota House of Representatives, followed by seven years in the U.S. House of Representatives. In 2018, she was elected the first female South Dakota governor. She was re-elected to that position in 2022.
That’s an impressive resume, but let’s answer the real question: How do politicians like Kristi Noem earn so much money?
We can pick up some clues by reading Kristi Noem’s official bio. It lists some of her accomplishments, which in turn give some insight into potential income streams:
- Rancher and farmer
- Small business owner
- New York Times bestselling author
- Political positions
Most wealthy people enhance their net worth through investments, and Kristi Noem is no exception.
Kristi Noem Net Worth – How does she earn her wealth?
While it’s estimated that Kristi Noem’s net worth is around $4.5 million, how has she earned that money? We dug into her known income streams to see what she’s likely earning from each of them. A lot of her personal finances aren’t public information, but we did find some juicy information about Kristi Noem’s potential earnings.
How much money does Kristi Noem earn as a rancher or farmer?
Noem owns part of her family ranch in South Dakota, which was included in her father’s estate, worth around $2 million when he passed away in 1994. The value of the ranch is most likely due to livestock, land, and grain supplies that were then inherited by Kristi Noem, her mother, and her siblings.
Kristi has openly shared the story of returning to the ranch to help revitalize and stabilize the operation when her father unexpectedly passed away. It’s rumored that she may have been bought out of her share of the ranch since, though she continues to live in the family home when not residing in the Governor’s mansion.
Kristi may have cashed out due to the influx of money the ranch has received from government funding. She maintains that the ranch has only received what was due to all farms and ranches due to industry subsidies.
From 1995 to 2020, it’s estimated that the family ranch collected more than $4 million in farm subsidies offered by various U.S. Department of Agriculture programs. Doing business under the name Racota Valley Ranch Partnership, the ranch also raked in $500,000 in coronavirus relief funds offered to small businesses during the pandemic.
It seems there’s a lot of money to collect if you own a small farm or ranch. It helps to have a family member in politics who knows about all of the subsidies, grants, and relief funds available.
How much money does Kristi Noem earn as a small business owner?
Little is known about the money Noem has earned from small businesses, but she does own a small insurance company that she runs with her husband. She blames money spent on credit cards to get that business off the ground for her ranking as one of the poorest members of congress in 2011.
The Noem family has also owned a hunting lodge and café, but both are no longer in operation. Overall, her small business ventures are unlikely to contribute much to the overall Kristi Noem net worth.
There isn’t much information available about the earnings Kristi Noem may bring in due to her published book, Not My First Rodeo: Lessons from the Heartland. With only one book on the market, it isn’t likely to contribute much to her overall net worth.
How much money does Kristi Noem earn in politics?
Her political career is where Kristi Noem has earned much of her net worth. As South Dakota Governor, she earns $116,400 annually. She’s coming up on a raise, thanks to a new law that increased the governor’s salary to $130,000 starting in July 2023.
While Kristi served in congress, most representatives earned $174,000 per year. She served for seven years, bringing in more than $1 million in total. She also served in the South Dakota House of Representatives for five years, likely earning less than $12,000 per year.
How has Kristi Noem invested her money?
Kristi Noem’s net worth was likely achieved through the value of the ranch she may still partly own and her political career. Much of her wealth was also likely built through investments, which is common for most politicians and other wealthy people.
In 2017, Noem’s net worth was closer to $2 million, and she had about $3 million invested in finance, insurance, and real estate. That investment is potentially the small insurance company that she purchased with her husband. She was also believed to have less than $35,000 invested in energy and natural resources.
There isn’t much information available publicly about how Kristi Noem is investing her money in 2022 or beyond. We can only speculate that she is increasing her overall net worth through investments of some variety.
Kristi Noem Net Worth – Does it add up to $4.5 million?
Kristi Noem hasn’t earned $4 million from any individual income stream, but it’s possible that she is worth about that much if not more from her political earnings and ownership of her family ranch. It is unknown whether she’s earning a substantial amount of money through her small business ventures with her husband or from investments.
When compared to other politicians, Kristi Noem may seem like the small town woman she portrays herself to be. Her earnings pale in comparison to others, considering that some members of congress were worth more than $300 million in 2014. While the Kristi Noem net worth is substantial for most Americans, it isn’t much to brag about in the political arena.
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