Democratic presidential candidate and former Rhode Island governor Lincoln Chafee is worth at least $38 million, according to his campaign financial disclosure.
Chafee, who was also a U.S. Senator, comes from a long line of Ocean State politicians. His father and grandfather were both also governors of his home state. Stephanie Chafee also comes from a powerful family, which founded the Rhode Island School of Design and has been heavily involved in education and philanthropy.
Here’s what you need to know about Chafee’s net worth:
1. Most of His Family’s Wealth Is in a Trust Owned by His Wife
According to his campaign financial disclosure, most of the Chafees wealth is in a trust owned by his wife, which is worth at least $19 million.
The trust owns more than $1 million stakes in the gold mining firms Goldcorp and Newmont Mining, the energy company Kinder Morgan, telecommunication firms Infinera and Verizon, technology firm Intel, online retailer Amazon and A.H. Belo, the owner of the Dallas Morning News, and until recently The Providence Journal, the Associated Press reports.
Chafee owns between $50,001 to $100,000 of H-P stock, while Fiorina owns just $1,001 to $15,000 worth of shares.
Fiorina and her husband, Frank, are worth $59 million.
2. Their Family Owns Real Estate Worth up to $4 Million
According to the financial disclosure, the Chafees assets totaled $3.3 to $5.6 million, with real estate valued at up to $4 million.
They own property in New Hampshire, Maine and Rhode Island, including the Wee Hoose Farm.
3. He Is Financing Most of His Campaign With His Own Money
Chafee is mostly financing his own campaign, something he and his wife also did in his gubernatorial run.
According to Yahoo Finance, his biggest contributor has given him less than $3,000.
4. He Was One of the 50 Richest Members of the U.S. Senate
Chafee was one of the richest members in the U.S. Senate when he represented Rhode Island from 1999 to 2007.
In 2004, he was ranked 11th in wealth by Roll Call, dropping out of the top 10 for the first time. He had a net worth of $51.6 million at the time.
5. He Has Brought in Income Through Working for a Nonprofit & at Brown University
According to a 2011 WPRI-TV report, Chafee has earned income through work for a Ukranian nonprofit and at Brown University.
Chafee earned between $50,001 to $100,000 from the Ukranian nonprofit $25,001 to $50,000 from Brown as a Watson Fellow and less than $1,000 from appearances on HBO’s “Real Time with Bill Maher.”
Read more about Chafee’s net worth in Spanish at AhoraMismo.com:
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