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Harry Reid Net Worth, Biography & Wiki 2017
Harry Mason Reid was born on 2nd December, 1939, in Searchlight, Nevada, and is an American politician. Since 1987, he has been serving as United States Senator from Nevada. He is a member of the Democratic Party and, in 2015 he became the Senate Minority Leader. His name was connected by the media with some unorthodox business, but most of these articles are considered speculations.
So just how rich is Harry Reid? The senator’s net worth is estimated at $10 million, which cannot be the result of his activity as a senator, because Harry Reid has been paid between $174,000 and $193,400 a year for serving in the Senate, and salaries were even smaller a few years ago. Rumors about the senator’s wealth have been bringing up several different numbers, between $2.8 million and even $6.3 million and it is believed that Harry Reid doesn’t tell the truth about his real net worth. Senator Reid stated that he has made money by investing in shares and funds. Some journalists have suggested that most of his investments were too good placed in the exactly right moments and speculated on connections between the Senator’s “investments” and several bills which passed or were brought to the floor. The list of companies where Harry Reid had shares includes ConocoPhillips, ChevronTexaco, ExxonMobil, and IYE (Dow Jones US Energy Sector). In 2014, Harry Reid sold his home in Searchlight for $1.7 million and, together with his wife, moved to Las Vegas to be closer to his grandchildren. Their new home is a 3,571 square foot house, in Henderson, Nevada, bought for $769,000.
Harry Reid Net Worth $10 Million
Harry Reid has poor origins. He has a degree in political science and history from the Utah State University, and then he graduated from law school at George Washington University in Washington, D.C.
He started his career in public service as city attorney in Henderson and, in 1970; he won elections for lieutenant governor of Nevada. After running and losing in several other public elections, he won a chair in the US House of Representatives in 1982. In 1986 he won elections for a seat in the Senate, and he has been re-elected ever since. He had several important leading positions in the Senate and in the Democratic Party, including Senate Democratic Whip, chairman of the Senate Ethics Committee, Senate minority leader, and Senate majority leader.
During his political career, Harry Reid was criticized by opponents and the media for some supposed ethics violations, which were implying the acceptance of gifts and connections in lobbying scandals. The Senator was cleared of charges by a commission in 2006. Media has investigated a lot of Harry Reid’s affairs, land transactions and investments over the years, but there was never any proof of illegal activities, which makes the Senator’s net worth the result of some good investments.
In 1959, Harry Reid married Landra Gould, his high school girlfriend. The couple had 5 children, a daughter and 4 sons. The Senator and his wife converted to Mormon faith when they were young. In 2015, Senator Harry Reid suffered serious injuries after having an accident inside his house, while he was exercising. He announced he would not run in 2016.