See the Net Worth of Trump’s New Millionaire Chief of Staff, Mick Mulvaney

Mick Mulvaney got a promotion from his boss and golf buddy, President Trump. Mulvaney, 51, the current White House director of the Office of Management and Budget and the acting director of the Consumer Financial Protection Bureau, was named as Trump’s acting chief of staff on Dec. 14 after John Kelly resigned.

Here’s what you need to know about the career and net worth of the White House chief of staff replacement.

Birthdate: July 21, 1967
Net Worth: $2.7 million
Primary Source of Income: Family real estate business
Career Highlights: Director of the Office of Management and Budget; acting director of the Consumer Financial Protection Bureau

RELATED: Take a look at the U.S. Representatives with the lowest net worths: 

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US Representatives with the lowest net worths in Congress - 2018
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US Representatives with the lowest net worths in Congress - 2018

10. Tim Scott

Net worth: -$600,000

Senator Tim Scott has been serving South Carolina since 2013. The Republican lawmaker previously represented the state in the House from 2011 to 2013, and he’s up for re-election in 2022.

Scott’s net worth was calculated based on assets that can help his net worth estimated at $200,000 and liabilities of $800,000. A current breakdown of his financial situation wasn’t available, but his 2015 financial disclosure report posted on OpenSecrets.org listed assets including two residential rental properties, insurance policies and annuities and several mutual funds. At the time, his liabilities stemmed primarily from three mortgages.

(Christopher Halloran / Shutterstock.com)

9. Eliot L. Engel

Net worth: -$600,000

Representative Eliot Engel has been serving New York’s 16th district since 2013. The Democrat represented the state’s 17th district from 1993 to 2013 and its 19th district from 1989 to 1993. He’s up for re-election in 2018.

Engel’s net worth is based on assets estimated at $100,000 and liabilities of approximately $700,000. His assets include money in several bank accounts and multiple government bonds, according to his 2016 financial disclosure report posted on OpenSecrets.org. Two mortgages were listed as liabilities, along with $10,000 to $15,000 in credit card debt and a line of credit worth $100,001 to $250,000.

(lev radin / Shutterstock.com)

8. Mike D. Rogers

Net worth: -$600,000

Representative Mike D. Rogers has been serving Alabama’s third district since 2003. The Republican is up for re-election in 2018, which could cause him to make influential political news headlinesthis year.

Rogers’ net worth is based on approximately $900,000 in assets and roughly $1.5 million in liabilities. A breakdown of his current financial situation isn’t available, but his 2015 financial disclosure report obtained by OpenSecrets.org revealed his assets are largely from checking, savings and retirement accounts. Two mortgages were listed as his sole liabilities.

(United States Congress / Wikimedia Commons)

7. Dennis A. Ross

Net worth: -$600,000

Representative Dennis A. Ross served Florida’s 12th district from 2011 to 2013 and has served the state’s 15th district since 2013. The Republican is up for re-election in 2018, so expect to hear his name in election news coverage.

Despite representing a state without a lot of debt compared to others, Ross’ net worth is based on an estimated $1.5 million in assets and liabilities totaling approximately $2.1 million. His assets include a rental property and a capital gains loan worth $500,000 to $1 million, according to his 2016 financial disclosure report posted on OpenSecrets.org. Liabilities listed include two mortgages and four additional loans for a motor home, travel trailer, truck and tractor.

(US House of Representatives / Wikimedia Commons)

6. Christopher Murphy

Net worth: -$700,000

Democrat Christopher Murphy has served as a Connecticut senator since 2013. Before that, he represented the state’s 5th district in the House from 2007 to 2013. He’s up for re-election in 2018.

Murphy’s net worth is based on assets estimated at $100,000 and liabilities of $800,000. A breakdown of his current financial situation isn’t available, but his 2014 financial disclosure report obtained by OpenSecrets.org revealed his assets were held in bank accounts, mutual funds and retirement accounts. His liabilities consisted of a mortgage and two student loans, valued at $15,001 to $50,000 each.

Also See: The Most Expensive Races in the 2018 Elections

(United States Congress / Wikimedia Commons)

5. Emanuel Cleaver

Net worth: -$800,000

Representative Emanuel Cleaver has been serving Missouri’s 5th district since 2005. The Democrat is up for re-election in 2018.

Cleaver’s net worth is based on an estimated $500,000 in assets and $1.3 million in liabilities. His assets include a mix of bonds, mutual funds, insurance policies and annuities, according to his 2016 financial disclosure report posted on OpenSecrets.org. Liabilities listed consist of a mortgage, student loan, installment loan and a personal liability with a minimum value of $1 million.

Don’t Miss: What’s Keeping Past Presidents and Vice Presidents Wealthy?

(Third Way Think Tank / Flickr.com)

4. Todd Young

Net worth: -$800,000

Republican Todd Young has been an Indiana senator since 2017. He previously served the state’s 9th district in the House from 2011 to 2017. Young will be up for re-election in 2022.

His net worth includes an estimated $100,000 in assets and $900,000 in liabilities. His assets consist of college savings plans — he has four children — a retirement fund and bank accounts, according to his 2015 financial disclosure report posted on OpenSecrets.org. Liabilities include a mortgage and debt on two credit cards totaling $15,001 to $50,000 each.

(Holly Thrasher / WTIU / Flickr.com)

3. Debbie Wasserman Schultz

Net worth: -$1.2 million

Representative Debbie Wasserman Schultz has been serving Florida’s 23rd district since 2013. The Democrat previously represented the state’s 20th district from 2005 to 2013. She’s up for re-election in 2018.

Her net worth is based on estimated assets of $100,000 and approximately $1.3 million in liabilities. A breakdown of her current financial situation is not available, but her 2015 financial disclosure report — posted on OpenSecrets.org — revealed the bulk of her assets consist of stocks and savings plans for her three children. Liabilities include multiple mortgages, lines of credit, credit card accounts and a home improvement loan.

Find Out: The Money Behind Donald Trump’s Cabinet and Advisors

(Danuta Otfinowski / Fortune The Most Powerful Women 2013 / Flickr.com)

2. Alcee Hastings

Net worth: -$2.4 million

Democrat Alcee Hastings has represented Florida’s 20th district in the House since 2013. He previously served the state’s 23rd district from 1993 to 2013. Hastings is up for re-election in 2018.

His net worth was calculated based on zero assets and $2.4 million in liabilities. One of the poorest members of Congress, his liabilities include a mortgage estimated at $100,001 to $250,000 and the rest in legal fees, according to his 2015 financial disclosure report, which was obtained by OpenSecrets.org.

Previously a U.S. District Judge in Florida, Hastings was convicted of bribery and impeached in 1989. This caused him to rack up more than $2.5 million in attorneys’ fees, according to a 1993 article in the Sun-Sentinel newspaper.

(Cliff / Flickr.com)

1. David Valadao

Net worth: -$17.5 million

Republican David Valadao was elected to serve California’s 21st Congressional District in 2012. He’s been at work representing the district since 2013, and he’s up for re-election in 2018.

Of all the members of Congress, Valadao is the poorest. His net worth is based on assets of $2 million and $19.5 million in liabilities.

Also a dairy farmer, his assets include a $2 million stake in the family farm, according to his 2016 financial disclosure report, which was posted on OpenSecrets.org. His extensive liabilities were caused by financing for feed, equipment and land for the business.

Click through to discover the financial perks you get if you become president.

(US Government / Wikimedia Commons)

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Mick Mulvaney Net Worth: At least $2.7 Million

Trump’s chief of staff was the 132nd-richest member in the House with an estimated net worth of $2,660,533 in 2015, according to OpenSecrets. At least $966,000 of that number is reportedly invested in real estate.

At the start of the Trump administration in 2017, Mulvaney’s net worth, according to his financial disclosures, was between $3,239,057 and $7,335,000, the New York Times reported.

Mick Mulvaney vs. Medicare and Social Security

A self-proclaimed “right-wing nut job,” Mulvaney’s conservative ideals have manifested into an all-out attack on Social Security and Medicare — two government programs Trump vowed would remain as-is during his presidential campaign. While working in the OMB, Mulvaney proposed a plan to cut about $70 billion worth of Social Security funding. The acting chief of staff is also an advocate of building Trump’s proposed border wall, slashing the Environmental Protection Agency, and cutting Medicare benefits. He has also called Social Security a Ponzi scheme.

Mick Mulvaney Background and Career

Born John Michael Mulvaney, Mick has been the adopted nickname for this son of a teacher turned construction company owner. Mulvaney, born in Alexandria, Va. but raised in Charlotte, N.C., graduated from Georgetown University and got his first taste of elected official life as student body president.

After Mulvaney graduated from law school at the University of North Carolina at Chapel Hill, he practiced law and eventually opened his own firm. He also ran his family’s real estate business, started a small homebuilding company and became a minority shareholder in a local family restaurant franchise.

In 2006 Mulvaney transitioned into public service. He’s held elected positions in the South Carolina state legislature and U.S. House of Representatives.

See: The 5 Highest- and Lowest-Paying Jobs in Government

Mulvaney and his wife Pam are parents to triplets James, Caroline and Finnegan.

Click through to see the richest politician in every state.

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