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David McCormick is a seasoned businessman with a net worth that's hard to ignore. He's a former CEO of Bridgewater Associates, one of the world's largest hedge funds.
With a career spanning over two decades in the finance industry, McCormick has accumulated a significant fortune through his investments and business ventures. His experience in the field of finance has given him a unique edge in making savvy investment decisions.
McCormick's tenure as CEO of Bridgewater Associates was marked by significant growth and success, with the company's assets under management increasing substantially during his leadership.
David McCormick Net Worth
Dave McCormick's estimated net worth is between $116 million and $289 million, thanks to his valuable stake in Bridgewater Associates, the company he ran until early January.
He earned more than $22 million last year as CEO of Bridgewater, a staggering sum that's likely to make him one of the wealthiest U.S. senators if elected.
McCormick owns homes in Dallas and New York City worth a combined $10 million to $50 million, generating rental income of $200,000 to $2 million.
He also has a ranch in Colorado and his family's farm outside Bloomsburg, Pennsylvania, which are likely valuable assets in their own right.
McCormick listed a principal residence in Pittsburgh, pegging its value at $1 million to $5 million, and owns dozens of corporate bonds, including Delta Airlines and General Electric.
He also reported owning company stock valued at more than $50 million and received $2.2 million from the sale of options in Bechtel, an engineering and construction firm on whose board he sits.
Sources
- https://www.padems.org/new-david-mccormicks-mega-million-fortune-under-scrutiny/
- https://www.inquirer.com/politics/election/david-mccormick-net-worth-senate-2022-20220418.html
- https://www.wesa.fm/politics-government/2022-04-19/pennsylvania-senate-candidate-dave-mccormick-earned-22m-as-hedge-fund-ceo
- https://www.dominionpost.com/2024/11/28/a-look-at-the-net-worth-of-west-virginias-congressional-delegation-members/
- https://whyy.org/articles/pennsylvania-senate-candidates-personal-finances/
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