Debbie Stabenow Net Worth: Salary, Income, Bio & Career!
Debbie Stabenow was born on April 29, 1950, in Gladwin, Michigan. She had shown exceptional leadership abilities since childhood and was the president of her junior class. Debbie Stabenow attended Clare High School and became the school’s first female class president, a role she is not acquainted with.
In 1972, she graduated from Michigan State University with a Bachelor of Arts degree. Debbie Stabenow completed her study at Michigan State University, where she earned a Master of Social Work magna cum laude in 1975.
Unlike most politicians, Debbie Stabenow decided to run for public office while still a graduate student. She became interested in politics after learning that a local nursing home was about to be demolished. Debbie Stabenow won her first election and became one of only three women on the Ingham County Board of Commissioners at the time. She is credited with playing a key role in the formation of a women’s commission in Ingham County.
Senator Debbie Stabenow’s Career
Debbie Stabenow decided to pursue bigger goals after two years as chair of the board of commissioners. She set her sights on the state legislature and ran a primary election against Tom Holcomb, the Michigan State Representative. Her policies were well received by her constituents, and Stabenow was elected to the 58th House District. She was a member of the Michigan House of Representatives from 1979 to 1990.
Debbie Stabenow’s tenure in the House of Representatives was significant for the Democratic Party because she was the first woman in House leadership to preside over the House. Debbie Stabenow took over as senator when William A. Sederburg resigned. She won her election campaign and took office in 1991, serving a single term until 1994.
Stabenow lost the Democratic primary in Michigan to Republican incumbent John Engler in the general election. Howard Wolpe, a US Congressman, would win the primary with 35% of the vote. Stabenow received 31% of the vote. Despite losing the Democratic primary to Wolpe, Wolpe chose Stabenow to be his running mate in the election. The duo would lose to Engler in Michigan’s Democratic gubernatorial primary because he received 61 percent of the vote.
Stabenow ran for the United States House of Representatives in 1996 to challenge incumbent Republican US Congressman Dick Chrysler. Debbie Stabenow went on to defeat Chrysler with 54 percent of the vote. She was re-elected in 1998 with 57 percent of the vote. Debbie served on the Science and Agriculture committees.
Debbie set her sights on the Senate, and in 2000, she ran against incumbent Republican US Senator Spencer Abraham. She won the Democratic primary unopposed and went on to defeat Abraham in a close race, 49.5 percent to 48 percent. The difference was 67,259 votes.
Stabenow has had a successful career as a senator, having won three re-election efforts. In 2006, she was opposed by Republican Michael Bouchard but easily defeated him with 57 percent of the vote.
Stabenow ran unchallenged in the Democratic primary in 2012, defeating Republican Pete Hoekstra with a 59 percent margin. In 2018, she maintained her lead in the polls, defeating the Republican nominee, John E. James, with 52.3 percent of the vote. The margin of victory was only 275,660 votes, making this one of Michigan’s closest Senate races. Debbie Stabenow, as a senator, was appointed chair of the Senate Democratic Policy Committee in 2017.
Senator Debbie Stabenow’s Net Worth Overview
Senator Debbie Stabenow’s net worth is estimated to be $32,500, according to several sources.
Debbie Stabenow campaigned for office for the first time in November 1974, becoming the third woman to be elected to the Ingham County Board of Commissioners. She held this role for three years. Stabenow was also the board’s youngest member and the first woman to hold the position.
Debbie Stabenow became the first female US senator in 2000, defeating Republican incumbent Spencer Abraham. She was a member of the United States House of Representatives and represented Michigan’s 8th congressional district. She has been re-elected to the Senate three times.
Debbie Stabenow Net Worth: Investments and Assets
Debbie Stabenow earns $174,000 as a senator from Michigan. She has no other sources of income other than a Lake Trust Credit Union Checking account with a minimum balance of $15,001.
According to reliable estimates based on Stabenow’s financial filings, her net worth in 2018 is only $32,500. Debbie Stabenow, on the other hand, had an estimated net worth of more than $200,000 in 2004, with top assets such as the Dodge & Cox Stock Fund worth roughly $175,000.
Senator Debbie Stabenow’s Salary
Senator Stabenow relies on her base salary as a senator. There appears to be no other source of income for the senator from the Democratic Party. Debbie Stabenow earns around $174,000 as a US Senator from Michigan. She has been in the position since 2001. Debbie Stabenow relies on her salary as a US senator because her net worth is only $32,000. She does not appear to have many assets.
Debbie Stabenow’s net worth is among the lowest among US Senators, according to her public disclosure statement.
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