Richard Shelby's Net Worth

Who is Richard Shelby?

Richard C. Shelby is an American Politician, a Republican Party Candidate & is the Senior Senator from Alabama (from 1987 to 2023). Shelby has served as the Senator for past 30 years & was previously the member of the U.S. House of Representatives from 1979 to 1987.

Know Net Worth of Richard Shelby

Senior Senator Richard Shelby has an estimated net worth of $20 Million dollars. In addition to his annual salary of $174,000 & collects over $1 Million dollars a year from his interest in Tuscaloosa Title Co. which he founded & serves as the Chairman since 1974. He is also is the owner of the Complex was largely given ownership to his heir, leaving him 2% share, the property is worth $5 Million dollars.

He also inherited several stock & bond accounts worth between $173,000 & $525,000, is owner of of five properties in Wilcox & Choctaw valued between $1.6 Million dollars & $6.25 Million dollars.

According to his latest disclosure, Shelby still collects rent between $50,000 & $100,000 on office buildings in Tuscaloosa. Senator Shelby & his wife Annette Shelby owns two home worth more than $1 Million each in Washington DC & Tuscaloosa.

Senator Shelby net worth makes him significantly wealthier than the average member of Congress & richest among all the members from Alabama. Senator Shelby's net worth is 10 times more than the average member of the Congress & 4 times more than the average Senator. When compared by the Alabama Congressional Delegation, Senator Shelby had the net worth that was 8 times more than the average.

Net Worth figures of Congress members are calculated by the Centre for Responsive Politics & are based on the Financial Disclosures Forms filed by the members of the Congress.

Early Political Career

After his graduation, Senator Shelby served as the U.S. Magistrate for the Northern District of Alabama, Special Assistant Attorney General of Alabama & city prosecutor. Shelby was first elected as the Conservative Democrat, later went on to join Rebuplican Party during Clinton's reign. Shelby has also shown his active participation in the American Bar Associations, The Alabama State Bar, the Senate Committee on Bankings, Housing & Urban Affairs, the Appropriation Committee & Committee on Aging.

Committee Membership

Senior Senator Shelby serves on several committees & subcommittees including Senate Committee on Rules & Administration as the Chairman of the Committee, serves as the member for Senate Committee on Banking, Housing & Urban Affairs, serves as the member of the Senate Committee on Appropriations & member from Senate Committee on Environment & Public Works.

Funds raised by the Campaign Committees

In 2016 election, Senator Richard Shelby Campaign committee collected over $3.47 Million dollars & went on to spend over $11.5 Million dollars while his rival campaign committee of Jonathan Edward McConnell (Republican Party Challenger from Alabama) raised over $988,034 & went on to spend $988,033. In 2010 election for Senate, Shelby for U.S. Senate Campaign committee collected over $5.28 Million dollars & went on to spend over $1.51 Million dollars while his rival campaign committee, Committee to Elect William G Barnes to the U.S. Senate Campaign committee collected over $5,870 & spend over $5,871.

Early LIfe & Education

Senator Shelby was born on May 6th, 1934 in Birmingham, Alabama. He is the son of Alice L. (nee Skinner) & Ozzie Houston Shelby. Shelby attended school at the University of Alabama in Tuscaloosa, where he got his undergraduate degree. Shelby received his Juris Doctor degree from Birmingham School of Law. He got his LLB degree in 1963 from the University of Alabama. Before he was the well-known lawyer who was actively involved in the activities of the American & Alabama bar associations.

Personal Life

In his personal life, he has a successful professional life & is well known for his political service towards society & nation. Senator Richard C. Shelby is currently married to Annette Shelby (is now a retired professor at Georgetown University) & are blessed with two children by the names of Claude & Richard Jr.