Speaker of the House Paul Ryan made the decision to step down from his position in the White House in January because he realized that he was losing precious time with his three children that he will never be able to get back. He didn’t want his kids to make do with a weekend dad. He’s good at politics, but they will still be there and in need of good men and women when his children have grown up. It was a big decision, but Paul Ryan really doesn’t have any financial worries. He doesn’t need to have a job at all, although we can’t see him being idle or without purposeful work. He is currently estimated to have a net worth of $6 million, but how did he build his fortune?
His salary as Speaker of the House
Paul Ryan brings in an annual salary of $223,500 as speaker, which is almost $50k more than the average US Congressmen do. Ryan is 48 years old and since his marriage to former tax lawyer Janna Little in 2000, a big portion of the income that the couple share is from her wealth and what she brought to the family when the two were wed. Additional wealth was added to their family when Ryan’s wife’s mom passed away, leaving them an inheritance that raised their estimated net wealth from $1.5 million to around $5 million.
A life in politics
Ryan’s net worth was considerably lower prior to his marriage, although not a poor man, he has earned a modest salary and he’s not the jet-setting type. You don’t read about him splurging on fancy homes and expensive cars. They have a modest home and it’s not the home of a pauper by any means, but the Ryans are not flashy people who squander their fortunes. They’re sensible and down to earth people.
Paul Ryan became a millionaire long before he met and married his wife. He made a few investments that have paid off well in addition to the fact that he’s worked for most of his life and brought in a decent salary for many years. Earlier in his life, Ryan invested in real estate and was the owner of rental properties that brought some additional revenue into the coffers. He purchased three rental properties in Janesville, Wisconsin back in 1998 and he did well on them. He not only collected rent from the tenants, but the properties grew in value and increased the value of his assets. In 2001 he flipped some real estate which also brought in more income. He’s made a lot of money through the Ryan Limited Partnership investment group with his 21.37% share in ownership. The investment group has expanded since his initial involvement and within their portfolio, they maintain assets and interests in Google, McDonald’s, Altria Group, Amazon.com, Starbucks, Philip Morris, and Visa.
Since his marriage in 2000, Paul Ryan’s net wealth has significantly increased, but his wife has increased as well. There are speculations that the bulk of the couple’s wealth has come from her inheritances. While this has certainly helped them, we believe that both of the Ryans have worked hard and made wise financial choices throughout their lives and this is the reason why they are able to boast a net wealth of $6 million. They’re definitely wealthy people, but they’re not filthy rich. They’re both talented professionals who have spent much of their lives serving others. Janna through her career as an attorney serving her clients, and Paul as a key political figure, working hard and steady to assist in the leadership and influencing the direction that our great nation is taking in many aspects.
Speculation about Ryan’s future in politics
There has been speculation that Paul Ryan is considering a run for the 2020 presidential election. He’s as good a candidate as any at this point and the world knows that he certainly has the knowledge and experience to lead the nation as commander in chief. Should he win, his salary would get a significant boost to $400,000 per year.
We’re not sure what he will do in the future. For now we know that he plans to invest time in his family. This is a decision that nobody can blame him for making.