Mike Rogers Net Worth 2024: Prestigious Law Firm

Mike Rogers Net Worth 2024 after leaving congress

Mike Rogers Net Worth: "Made Good on his Quest to Get Rich," Sold Out Michiganders, and Spent "Nine Years Through the Revolving Door"

After leaving Congress, Mike Rogers abandoned Michigan and "made good on his quest to get rich." Rogers spent the last nine years navigating the "revolving door," advising companies he had dealt with during his tenure in Congress.

Rogers "multiplied his wealth," earning over $32,000 from paid speeches in 2022, nearly $2 million from board positions at tech and cybersecurity firms over the last two years, and accumulating assets totaling as high as $17.5 million.

Rogers got rich shilling for big corporations, securing "payments totaling roughly $1,975,000 since January 2022." This includes companies and groups in the cybersecurity space like IronNet Cybersecurity, the MITRE Corporation, IAP Worldwide Services, D-Wave (a quantum computing firm), and Nokia, despite little public information existing about his affiliation with the Finnish tech company.

"Mike Rogers abandoned Michigan to walk through the revolving door and enrich himself at Michiganders' expense. It's clear that Rogers is only in this race for himself, and that's why Michigan families can't trust him to represent us in the Senate," said Michigan Democratic Party spokesperson Sam Chan.

Mike Rogers Net Worth

So, how much is Mike Rogers net worth? While some sources estimate his net worth at around $1.6 million, our analysis suggests a different figure. According to his latest financial disclosure report, Rogers' net worth ranges from -$489,990 to $1,089,997.

Disclaimer: Estimating a lawmaker's net worth can be tricky because disclosure forms don't require exact values. Instead, they report assets and liabilities within specified ranges. While we strive to provide an accurate estimate, disclosure rules have their limitations. For example, personal residences, some personal property, and federal retirement accounts often aren't included. Additionally, some assets are listed in broad categories like "Over $1 million," which leaves room for interpretation.

You may also be interested in: What Is Tony Robbins Net Worth in 2024?

Nine Years Through the Revolving Door: How the GOP's Top Senate Recruit in Michigan Got Rich After Leaving Congress

  • Financial documents show that Rogers has multiplied his wealth since he left Congress in 2015.
  • Rogers passed through the "revolving door," advising companies on issues he dealt with in Congress.
  • When he decided to retire from Congress in 2014, money seemed to have been at least a little bit on his mind.
  • The Michigan Republican's aides told The New York Times at the time that Rogers would take up a new gig as a talk radio host in part to "earn considerable amounts of money" and to take on "something more lucrative..."
  • Over the last decade, according to property records and federal financial disclosure documents filed in 2015 and 2023, Rogers made good on his quest to get rich.
  • He made more than $32,000 from paid speeches in 2022, nearly $2 million from board positions at tech companies and cybersecurity firms in the last two years, and assets totaling as high as $17.5 million.
  • In July, just three months before launching his Senate bid, Rogers added a $295,000 house in exurban Detroit to his portfolio. Before that, he lived over 1,000 miles away in Cape Coral, Florida, where he purchased a $1.5 million home in 2022.
  • This is a stark example of how the so-called "revolving door" — where lawmakers, staffers, and other officials capitalize on their experience as they move between the public and private sectors — can fuel immense wealth accumulation after years in public service.
  • Rogers first came to Congress in 2001, gradually rising to become the chairman of the House Intelligence Committee from 2011 to 2015.
  • He became known for authoring major cybersecurity and intelligence legislation, including the Cyber Intelligence Sharing and Protection Act (CISPA). Critics argued it would have created a "cybersecurity loophole" to existing privacy laws.
  • As he prepared to exit Congress, he sold his home in Howell, Michigan, for $137,500 in October 2014, leaving him without a Michigan residence.
  • Coupled with his disclosed investments at the time, Rogers' net worth was somewhere between $800,000 and $1.7 million.
  • But as his 2023 disclosure indicates, things have changed significantly since then.
  • He joined the boards of various companies and groups operating in cybersecurity, including IronNet Cybersecurity (2015), the MITRE Corporation (2016), IAP Worldwide Services (2018), and D-Wave (2021), along with several other positions.
  • This paid off handsomely. In December, Rogers disclosed payments totaling roughly $1,975,000 since January 2022, including $724,887 from IronNet (which recently went bankrupt), $191,000 from MIT

You may also be interested in: Morgan and Morgan Net Worth 2024

Go up