Tim Sheehy’s Wealth and Political Ambitions

Tim Sheehy, the current Republican front-runner in the party’s effort to topple longtime Democratic incumbent U.S. Sen. Jon Tester in 2024, is worth a pretty penny. According to a recent personal finance disclosure, Sheehy has a net worth between $74 million and $200 million, which would make him one of the richest members of Congress if he gets elected. He earns about $7 million a year in non-investment income, with $5 million coming from his salary as the CEO of Bridger Aerospace, an aerial firefighting company based in Belgrade. Sheehy also has various business holdings, properties, and investments that generate millions of dollars annually. He owns luxury properties in Big Sky and Polson, a home in Bozeman, rental units, and a stake in the Little Belt Cattle Company. In terms of investments, Sheehy has put money into companies like Roblox Corp. and the Pzena Emerging Markets Value Fund, which includes investments in Alibaba, the Chinese e-commerce giant. He also holds investments in Cloverly, a sustainability company. Sheehy has faced criticism for his mixed record on climate change, especially considering his investments in companies related to the environment. However, his campaign has pledged to put his investments into a blind trust if he is elected and step down from his CEO position as required by Senate ethics rules. While Sheehy currently does not have a serious primary challenger, Congressman Matt Rosendale is reportedly considering a bid. Rosendale has tried to portray Sheehy as out of touch and too connected to the Washington, D.C. establishment. Despite this, Sheehy is the favored candidate of the National Republican Senatorial Committee. Jon Tester, the Democratic incumbent, is also a wealthy individual, but his financial situation is less complex compared to Sheehy’s. Tester reported less than $4,000 in annual non-investment income from his farm and the state’s public employee retirement system. He owns farmland valued between $1 million and $5 million and has investments in American Electric Power. Both candidates will be vying for the Senate seat in 2024.