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New Jersey gubernatorial hopeful Mikie Sherrill has change into one of many Backyard State’s richest lawmakers in Congress six years after getting elected to Washington — buoyed by a portfolio of luxe properties, tens of millions in inventory and a banker husband who earns greater than $2 million per yr.
Republican Jack Ciattarelli and his allies have pummeled Sherrill (D-NJ) over her funds — accusing her of “flipping shares and cashing in” since being elected to excessive workplace.
“Within the seven years that she’s been in Congress, she’s tripled her web price!” Ciattarelli mentioned throughout their fiery conflict ultimately week’s debate.
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“Whilst you have been sitting on the Home Armed Providers Committee, you have been buying and selling protection shares,” he went on.
Sherrill has denied that declare, saying she doesn’t personal particular person shares — although a mealy-mouthed response to the query about her web price from “The Breakfast Membership” host Charlamagne tha God has solely fanned the flames.
A peek at Sherrill’s monetary disclosures contradicts among the assaults Ciattarelli and his allies have made on the marketing campaign path about her web price — and suggests her spectacular wealth progress comes from quite a lot of sources.
“Mikie doesn’t personal or commerce particular person shares, and has gone ‘above and past’ releasing the actual values of her funds to the greenback,” Sherrill marketing campaign communications director Sean Higgins instructed The Submit.
Consultant Mikie Sherrill, a Democrat from New Jersey, throughout a information convention a couple of Sign messaging chat utilized by Trump administration officers, on the US Capitol in Washington, DC, US, on Tuesday, March 25, 2025. (Daniel Heuer/Bloomberg through Getty Photos)
“New Jerseyans have zero perception into Jack Ciattarelli’s web price, they do know he made $15 million in earnings off opioid misinformation and investments linked to the Chinese language Communist Occasion.”
The continuously cited $7 million determine stems from a Washington Free Beacon evaluation that used the typical of a variety of values supplied in congressional monetary disclosures.
In 2019, Sherrill’s web price would’ve been between $730,000 and $4.3 million, per her Home monetary disclosure data. By 2024, it jumped to between $4.8 million and $14 million.
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Moreover, that evaluation checked out all her belongings, not simply shares. And a key motive why her web price jumped so sharply in that evaluation is that she added a Washington, DC, townhouse, bought in a tony neighborhood in 2021 for $1.5 million.
As Ciattarelli famous, Sherrill was pressured to pay a $400 price in 2021 for STOCK Act violations, after blowing previous a 45-day deadline to reveal her husband’s inventory trades — one thing that isn’t unusual in Congress.
What’s Mikie Sherrill’s web price?
The Backyard State Democrat’s web price is someplace between $9.4 million and $14.61 million.
Quiver Quantitative, which offers estimates for many members of Congress, pegged Sherrill’s fortune at $14.61 million, which might place her simply behind Rep. Josh Gottheimer’s (D-NJ) $42.19 million web price because the second-richest Backyard State pol in Washington.
An August evaluation by the New Jersey Globe pegged her and her husband’s web price at $9.4 million.
Democrat Mikie Sherrill responds to questions throughout the first basic election gubernatorial debate with Republican opponent Jack Ciattarelli. Sunday, Sept. 21, 2025, in Lawrenceville, N.J. (Noah Okay. Murray/AP Photograph)
How did Mikie Sherrill get so wealthy?
Most of Sherrill’s fortune stems from her banker husband, Jason Hedberg.
Hedberg will get partially compensated by shares from UBS, which they continuously dump, in line with monetary disclosures.
He has raked in additional than $2.6 million every year since 2021 — topping out at $2.9 million final yr. For comparability, Sherrill’s congressional wage is $174,000.
Shortly after taking workplace, Sherrill started offloading particular person shares in favor of exchange-traded funds to mitigate conflict-of-interest issues.
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She had $4.4 million in her brokerage account, and her husband reportedly had $1.9 million in unvested shares. The pair additionally had about $1.5 million between their checking accounts, retirement accounts and life insurance coverage insurance policies.
The New Jersey Democrat’s funding portfolio fared 1.9% worse than the S&P 500, in line with insider buying and selling watchdog Uncommon Whales.
Luxe properties
Sherrill and her husband additionally personal three houses: a big mansion in rich Montclair, a trip house in Vermont, and the Washington, DC, townhouse.
Zillow data point out that her Montclair house is price about $3 million, her trip house is about $780,000, and her DC house, which she as soon as rented to former Rep. Abigail Spanberger (D-Va.), was pegged at $1.6 million.
Information point out these three houses have mortgages on them.
Rep. Mikie Sherrill, D-N.J., speaks throughout an interview in New York Metropolis on Friday, Might 2, 2025. Sherrill is the New Jersey Democratic nominee for governor. (Victor J. Blue/Bloomberg through Getty Photos)
A minimum of two of her kids went to the tony Montclair Kimberly Academy, which has tuition as excessive as $53,340 yearly.
Ciattarelli’s wealth
Following stress from Sherrill’s allies to launch extra of his tax documentation, the Ciattarelli marketing campaign let media shops study 13 years of his tax returns.
Whereas his web price isn’t totally clear, tax data present that he has raked in near $14.9 million since 2012 and paid not less than $4 million in taxes, the New Jersey Monitor reported.
Ciattarelli, a former state assemblyman, had made his fortune off two medical publication companies, considered one of which he bought in 2017, the identical yr he made $7.1 million in complete earnings, per the outlet.
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Tax data confirmed that his earnings fluctuated all through the years, from $600,946 in 2014 to $854,966 in 2018 and $168,433 in 2022, in line with the report.
Extra reporting by Steven Vago and Isabel Vincent
