Bayh net worth soared since leaving Senate
Indiana Democratic Senate candidate Evan Bayh amassed nearly $6.3 million in salary, compensation on corporate boards, as well as speaking fees since January 2015, reported by a brand new financial disclosure filed late Sunday night during the second presidential debate.
Bayh’s 19-page personal financial disclosure form details a large start his family’s value over the last six years, as being the former senator embarked with a post-Congress career at powerful K Street firms as well as on corporate boards. Bayh, together with his wife Susan, reported between $13.9 million to $48 million in assets, the records show.
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Bayh’s post-Senate salary is up sharply from his time in public office. Bayh earned a salary of $174,000 annually truly – though his wife, Susan Bayh, also earned no less than $1 million employed for the biotechnology company Dendreon and more than time earned income and commodity from six many businesses. Evan and Susan Bayh had between $2.1 and $7.7 million in assets – plus stocks and investment from two companies worth not less than $1 million each belonging to Susan Bayh – when Bayh left the Senate following 2010, as outlined by a filing during the time. (The additional value Susan Bayh’s two best stocks couldn’t include an upper value limit with that filing.) Bayh also owned a rental property in Delaware that has been purchased for $1.8 million – but likely was worth less following your financial econimic breakdown.
From January 2015 up to now, Bayh’s position as an adviser towards the private equity firm Apollo Global Management earned him $2,038,152.05, the latest disclosure shows. Bayh raked in $1,950,395.61 as being a partner for the D.C. law and lobbying firm McGuireWoods in this same time period. Also, he earned $440,033.72 for a Fox News analyst, the document shows.
In August, Bayh said in the interview with POLITICO in Indianapolis that she now works part time. In terms of his Fox News gig, Bayh told the Indianapolis Star in July they resigned from the commentator position.
Additionally, Bayh earned $1.76 million through his positions on boards of Berry Plastics Group in Evansville, Ind.; RLJ Lodging Rely upon Bethesda, Md.; Fifth Third Bank in Cincinnati and Marathon Petroleum Corporation in Findlay, Ohio. Attractive was compensated $82,000 for speeches he gave before various companies and associations, for an article for DDC Advocacy in Washington.
Bayh’s new financial report detailed only 1 liability: a mortgage loan valued between $500,001 and $1 million held by Raymond James Bank. Bayh owns two homes in Washington as well as a condo in Key Biscayne, Fla., as well as a one-bedroom condo in Indianapolis.
The personal financial disclosures cover the between January 2015 through Sunday, if your disclosure forms were filed. Bayh was required to disclose his finances again once he soon started his Senate comeback bid. He sought an extension cord in August that pushed the deadline to file the are accountable to Sunday.
Bayh’s time advising corporate clients in Washington and elsewhere is a major point of attack for Republican outside groups and Bayh’s GOP opponent inside Indiana Senate race, Rep. Todd Young.
The disclosure of Bayh’s personal financial information follows a Saturday report on the Associated Press, which got a new copy of Bayh’s schedule from the final year of his Senate service and located they spent “substantial” time ending up in prospective employers inside private sector while voting on issues where those companies had a pastime.
Bayh retired through the Senate this year after two terms. He earned surprising leap within the race for his old seat in July, originating in a giant polling lead that dwindled into single digits throughout summer months.
Scott Bland brought about this report.