Securities and Exchange Commission Chairman Gary Gensler has seen his overall net worth skyrocket in recent years while overseeing top financial regulators.
Securities and Exchange Commission Chairman Gary Gensler's net worth skyrocketed as much as $100 million, or 650%, over the last decade even as he has largely served in government agencies, according to a Fox News Digital analysis. Gensler — who was selected by President Biden to lead the SEC, the nation's top financial regulator, in 2021 — has seen his net worth grow from between $15.5 million and $61.8 million in 2009 to between $40 million and $116.
The spokesperson noted that, based on the broad ranges provided in Gensler's disclosures, his net worth may have also plummeted by about $22 million. However, the spokesperson confirmed the fluctuation of the SEC chairman's net worth was consistent with the S&P 500 index's roughly 600% uptick between 2009 and 2023, arguing that "it’s no surprise that the value of the Chair’s holdings may also be up several fold.
In July, Hawley and Gillibrand introduced the Ban Stock Trading for Government Officials Act, which would ban government officials from engaging in stock trades and create hefty new disclosure requirements for Congress, senior executive branch officials, and their spouses and dependents. The bill would ban officials and their family from holding or trading stocks and wouldn't exclude blind trusts.
Likewise, congressional members from both political parties routinely experience expansive net worth gains during their government time. California Democrat Nancy Pelosi, for example, saw her net worth boost by nearly $140 million between 2008 and 2021, the Washington Free Beacon reported. Her increase was largely due to stock trades from her husband, Paul Pelosi.
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