Kevin McCarthy Net Worth 2023: Salary, Age, Father, Wife, Biography, Politics

Kevin McCarthy is now a former speaker of the United States House of Representatives. He served as 55th Speaker from January 7 to October 3, 2023.

Kevin McCarthy net worth is around $30 Million in 2023.

Kevin McCarthy was born on January 26, 1965 and is now 58 years old.

Kevin McCarthy served as the speaker of the United States House of Representatives from January 7 to October 3, 2023. A member of the Republican party, Kevin McCarthy net worth 2023 is estimated to be around $30 Million dollars which is quite and improvement on his negative $2000 net worth in 2015. keep reading for more details about the politician, such as his biography, political career and what the coming future holds for him.

Kevin McCarthy Salary & Net Worth 2023

Kevin McCarthy Personal Biography

Kevin McCarthy was born on January 26, 1965, in Bakersfield, California to Roberta Darlene and Owen McCarthy. His father was an assistant city fire chief while his mother was a homemaker. McCarthy earned his Bachelor of Science in marketing in 1989 and Master of Business Administration in 1994 from the California State University, Bakersfield. As his parents were members of the Democratic Party, McCarthy is the first Republican in his immediate family. He is also a former board member for the Community Action Partnership of Kern.

McCarthy got married to Judy Wages in 1992 and the couple have two children together. In 2015, he was accused of having an affair with Representative Renee Ellmers. Shortly before the allegations surfaced, McCarthy unexpectedly dropped out of the race for Speaker of the House. However, both McCarthy and Ellmers denied the allegations.

McCarthy’s Political Career

McCarthy started his political career was working on the staff of Congressman Bill Thomas from 1987 to 2002. He was also the district director for the Congressman from the late 1990s until 2000. While still serving on the staff, McCarthy chaired the California Young Republicans in 1995 and Young Republican National Federation from 1999 to 2001. McCarthy first won an election as a Kern Community College District trustee in 2000 and was elected to the California State Assembly in 2002.in 2003, he became the Republican floor leader and in 2006 was elected to the United States House of Representatives.

McCarthy entered the Republican primary for California’s 22nd District after his former boss, Bill Thomas, retired. He won the general election with 70.7% of the vote. McCarthy was unopposed for a second term in 2008, third time in 2010, and again in 2012, 2014, 2016 and 2018. In 2020, McCarthy was reelected to an eighth term with 62.1% of the vote and won the reelection again in 2022.

Kevin McCarthy- Nominee for Speaker

For the first time since 1923, it happened that the House representatives were in the US Congress were not able to elect as House speaker with the required majority. This happened in the first three days of the year 2023 when the House representatives were tasked with selecting their next speaker at the nation’s 118th Congress. McCarthy was supposed to win majority of the votes and selected as speaker but no speaker candidate was able to reach the majority needed to be elected. The congressional body was effectively put into a standstill condition since no nominee can get the majority of votes. The House will have to hold a re-vote as many times as it takes till a candidate receives the majority vote (more than half of the total votes).

The speaker of the House is an important role and just one position behind the vice president to succeed the President in the event that the commander in chief is incapacitated. First time it happened in 1855 when it took 133 rounds of voting to selected the house speaker and occurred for the second time in 1923 which is exactly a century ago. it took nine rounds of voting to settle on a House speaker at that time.

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