How rich is the new Pennsylvania senator?

Ex-CEO of Bridgewater Associates, one of the largest hedge funds in the world and one of the richest newcomers in the Senate- Dave McCormicks assets?

Who is Dave McCormick?

Dave McCormick is an American politician, veteran of the US Army and public servant, who is currently acting as a junior senator of the United States from Pennsylvania and narrowly defeated the Democratic Senator Bob Casey in the 2024 elections.

McCormick was born on August 17, 1965 in Washington, Pennsylvania, concluded her end in West Point, served in the Gulf War and later acquired a Ph.D. From Princeton. At the beginning of his political career, McCormick worked in the finance department under President George W. Bush. He was also known as CEO of Bridgewater Associates, one of the world's largest hedge funds. He is the husband of Dina Powell, a former Goldman Sachs and official of the White House.

Dave McCormicks assets

McCormick, a multimillionaire with a background in remuneration, investments and equity in Bridgewater Associates, is one of the richest new US senators and exceeds Ruben Gallego after a long recording.

Disclaimer: The estimate of the net assets of a US senator is a challenge because disclosure forms do not prescribe any precise values. Instead, report the value of your assets and liabilities in certain areas. While we strive to appreciate the net assets from the submissions, disclosure rules have defects. Personal residences, certain personal property and pension accounts of the federal government are often not reported. Large assets can be listed in broad categories such as “over 1 million US dollars” or “over 50 million US dollars”, which may be much more worth.

Dave McCormicks assets

According to his disclosure of candidates in 2024, the majority of McCormick's assets of assets such as:

• Investment fund: McCormick has invested millions in investment and private equity funds.
• Real estate: McCormick has also invested millions in real estate and real estate investment lines (REITT).
• Securities: Securities and corporate bonds contain a lot on McCormicks list of assets.

McCormick announced limited liabilities, mainly mortgages and capital obligation costs.

How was Dave McCormick his money

Dave McCormicks wealth comes mainly from three key areas:

• Hedge Fund's remuneration: McCormick entered Bridgewater Associates in 2008. In 2017 he became the fund's co-CEO before taking full control in 2020. During this period, McCormick made tens of millions before moving his focus on the senator elections.
• Government roles: McCormick worked as Sub -Minister for Industry and Security trade. Later he was deputy national security advisor for international economic policy and represented President George W. Bush during the G8 negotiations. From 2007 to 2009, McCormick also worked as a secretary of the finance minister for international matters. In addition, he helped organizing the international reaction to the 2008 financial crisis.
• Investment: McCormick has invested strongly in funds and real estate.

Controversy

During his campaign, McCormick stood as a CEO of Bridgewater Associates, including sexual harassment and silence of victims due to non -open -ending agreements (NDAs), severely checked by the alleged toxic workplace culture. When McCormick released his business background during his run, his critics saw the allegations as directly against his platform. Bob Casey, McCormicks opponents during the elections, even started a campaign display in which the allegations were addressed.

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