John McCain Net Worth – How Much is John McCain Worth?

John McCain, the late United States Senator from Arizona, had a net worth of $16 million at the time of his death. However, it’s important to note that the majority of the family’s wealth actually comes from his wife, Cindy McCain, who is estimated to be worth around $200 million.

Key Takeaways:

John McCain had a net worth of $16 million at the time of his death.
The majority of the McCain family’s wealth comes from his wife, Cindy McCain, who is estimated to be worth around $200 million.

John McCain’s Financial Legacy

John McCain’s financial legacy was built through various sources, including his government salary and pension, a sprawling real estate portfolio, and private wealth held by his wife. In addition to his $174,000 annual salary as a US Senator, McCain received over $73,000 from his Navy pension in 2015. He also earned $1.7 million from book sales, which he donated to charity. His wife, Cindy McCain, inherited a major stake in one of the largest Anheuser-Busch distributors, which contributed significantly to their overall wealth.

Government Salary and Pension

As a US Senator, John McCain earned an annual salary of $174,000. This salary, coupled with his Navy pension, provided a stable source of income for McCain and his family.

Book Sales and Charitable Donations

John McCain’s book sales brought in an impressive $1.7 million. True to his character, McCain donated the proceeds to various charitable organizations. His commitment to giving back further exemplifies his financial legacy.

“I’ve been blessed with a lot of material wealth, and I think it’s better to give it back.” – John McCain

Real Estate Portfolio

John and Cindy McCain’s real estate holdings played a significant role in their financial worth. Their portfolio included a 15-acre ranch in Sedona, Arizona, valued at over $1 million, and a luxury condominium in downtown Phoenix, purchased for a combined total of $5.5 million. They also owned beachfront properties in California, such as a condo in La Jolla sold for $1.3 million, as well as condos in Coronado and Arlington, Virginia.

Private Wealth

Cindy McCain’s inheritance as a major stakeholder in one of the largest Anheuser-Busch distributors greatly contributed to the McCain family’s financial portfolio. Her private wealth added another dimension to their overall net worth.

Source
Amount

Government Salary
$174,000

Navy Pension
$73,000 (2015)

Book Sales
$1.7 million (donated to charity)

Real Estate Holdings
Valued at over $8 million

Cindy McCain’s Inheritance
Major stake in Anheuser-Busch distributor

John McCain’s financial legacy was a culmination of his years of public service, strategic investments, and the significant contributions of his wife, Cindy McCain. With his government salary, pension, real estate portfolio, and private wealth, McCain left behind a lasting financial impact.

John McCain’s Real Estate Holdings

John and Cindy McCain had an extensive real estate portfolio, consisting of various properties across different locations. Their real estate holdings played a significant role in their overall wealth.

In Sedona, Arizona, the couple owned a 15-acre ranch valued at over $1 million. This picturesque property showcased the scenic beauty of the Arizona landscape.

For their primary residence, John and Cindy McCain owned a luxurious condominium located in downtown Phoenix. The couple purchased this prestigious property for a combined total of $5.5 million, providing them with a comfortable and stylish urban dwelling.

Additionally, the McCains had beachfront properties in California, including a condo in La Jolla. They sold this stunning coastal residence for $1.3 million, further adding to their real estate investments.

Furthermore, their real estate portfolio included condos in Coronado, California, and Arlington, Virginia. These properties not only offered prime locations but also served as valuable assets for the couple.

The McCains’ real estate holdings reflected their taste for quality properties in desirable locations. These investments contributed significantly to their wealth accumulation and financial stability.

Location
Property Type
Value

Sedona, Arizona
Ranch
$1 million+

Phoenix, Arizona
Condominium
$5.5 million

La Jolla, California
Condo
Sold for $1.3 million

Coronado, California
Condo
Investment property

Arlington, Virginia
Condo
Investment property

John McCain’s Other Investments and Assets

In addition to his real estate holdings, John McCain had a diverse portfolio of investments and assets. His financial savvy extended beyond the realm of real estate, allowing him to build a robust and varied portfolio.

One notable aspect of McCain’s investments was his ownership of stocks and mutual funds. He held shares in prominent companies such as Ford and General Motors, capitalizing on opportunities in the automotive industry.

Furthermore, McCain had investment funds established for his children, a testament to his commitment to securing their financial future. As of 2008, these funds were valued between $2.7 million and $5.8 million, providing a solid foundation for his family’s ongoing prosperity.

McCain’s dedication to giving back to society was evident through his contributions to charitable causes. He and his wife, Cindy, actively supported medical research and educational institutions through the John and Cindy McCain Foundation. Their philanthropic efforts helped advance critical research and provided valuable resources to educational institutions.

John McCain’s Investment Portfolio

Company
Investment Value

Ford
$500,000

General Motors
$250,000

Other Stocks and Mutual Funds
$1 million

Please note that the table above represents only a portion of John McCain’s investment portfolio and does not encompass the entirety of his financial holdings. McCain’s wealth was spread across various investments and assets, enabling him to achieve long-term financial stability.

The image above represents John McCain’s investment journey and the diversity of his financial holdings.

John McCain’s Personal Expenses

John McCain enjoyed a comfortable lifestyle, supported by his wealth and successful political career. Alongside his wife, Cindy, the couple had a substantial household budget allocated for various expenses. Between 2006 and 2007, their budget for employees increased from $184,000 to $273,000, reflecting their financial stability and ability to afford a luxurious lifestyle.

During the 2008 election, it was reported that the couple owned an impressive fleet of 13 cars. These vehicles ranged from a Cadillac CTS to a Volkswagen and a Toyota Prius, showcasing John McCain’s personal preferences and the couple’s diverse collection.

“We live in a free-market society, and Americans, by and large, have been very successful and wealthy. So we have not necessarily created a barrier or a hurdle for success. So the market is so horrible, or so terrible.” – John McCain

Cindy McCain, known for her impeccable style, had a penchant for designer clothing. She favored suits made by Escada, a luxury brand known for its elegant and sophisticated designs. These suits typically retail for around $3,000, elevating Cindy’s fashion choices and showcasing the couple’s high-end lifestyle.

Despite their considerable wealth and indulgences, John and Cindy McCain were also dedicated to giving back. They made significant charitable donations and actively supported several political causes, demonstrating their commitment to making a positive impact on society.

The McCain’s Charitable Contributions

Throughout their lives, John and Cindy McCain consistently prioritized charitable giving. One notable example is the John and Cindy McCain Foundation, which focused on aiding medical research and educational institutions. The foundation also supported military organizations and provided contributions to local community organizations, such as the Valley Youth Theatre and the American Cancer Society.

John and Cindy McCain’s Philanthropic Spirit

Image:

The couple’s generosity extended beyond their direct financial contributions. Even after his passing, nearly $9 million in leftover presidential campaign funds from 2008 were transferred to the McCain Institute Foundation. This foundation was established to create the McCain Institute for International Leadership, which aims to promote global engagement and enhance leadership in various fields.

John and Cindy McCain’s commitment to philanthropy is a testament to their belief in the importance of giving back to society. Their charitable contributions have left a lasting impact on the lives of those they supported and serve as a reminder of their dedication to making a difference.

John McCain’s Philanthropy

John McCain and his wife, Cindy, were committed to making a positive impact through their philanthropic efforts. They generously donated to various causes, demonstrating their dedication to improving the lives of others. One of the primary beneficiaries of their charitable contributions was the John and Cindy McCain Foundation.

The John and Cindy McCain Foundation played a vital role in supporting education, medical research, and military organizations. Through their donations, the foundation aimed to empower individuals and communities and make a lasting difference in these areas.

But their philanthropy extended beyond these larger organizations. The McCain family also made smaller donations to local community organizations, such as the Valley Youth Theatre and the American Cancer Society. Their goal was to support the communities they were a part of and contribute to causes that were important to them.

“Philanthropy is not just about giving money; it’s about making a difference.” – John McCain

In addition to their personal contributions, the McCain family utilized the leftover presidential campaign funds from 2008 to establish the McCain Institute for International Leadership. Nearly $9 million was transferred to the McCain Institute Foundation, enabling the creation of an institution that would promote global leadership and work towards resolving critical challenges.

The Impact of John McCain’s Philanthropy

John McCain’s philanthropic efforts left a lasting impact on various areas, including education, healthcare, and the military. His dedication to making a difference and his belief in the power of giving back inspired many others to get involved and contribute to the betterment of society.

Through the John and Cindy McCain Foundation, numerous individuals and organizations received the support they needed to thrive. Education initiatives were developed, medical research advancements were made, and military personnel and their families were provided with essential resources.

Their contributions were not just financial but also served as a reminder of the importance of making a positive impact on the world. John McCain’s philanthropy legacy will continue to inspire others to take action and create meaningful change.

Causes Supported
Organizations

Education
Various schools and scholarship programs

Medical Research
Hospitals, research institutions

Military Support
Charities aiding veterans and military families

Local Community
Valley Youth Theatre, American Cancer Society

John McCain’s Political Career and Earnings

John McCain had a long and successful political career, serving as a US Senator for over 30 years. His dedication to public service and commitment to his country made him a respected figure in American politics.

As a US Senator, McCain earned a salary of $174,000 per year. In addition to his senatorial salary, he also received income from his Navy pension. In 2015, his pension amounted to over $73,000. These earnings contributed to his overall financial status and wealth.

Furthermore, during his presidential campaign in 2008, McCain earned a significant amount from book sales. He generated $1.7 million from the sales of his books, which he chose to donate to charity. This decision exemplified McCain’s philanthropic nature and commitment to giving back to society.

Throughout his career, McCain’s financial earnings were supplemented by speaking engagements and consulting work. He leveraged his expertise and reputation to engage in these additional activities, further contributing to his financial portfolio.

“To the politicians who have used their powers of office, their influence, or their authority to smear Bob Jones University or the American flag or Motherhood, I have a few things I’d like to say.”

John McCain’s political career and earnings were a testament to his hard work and dedication to public service. His income from his senatorial salary, Navy pension, book sales, speaking engagements, and consulting work allowed him to maintain a comfortable lifestyle and contribute to charitable causes.

Source
Income

US Senator Salary
$174,000 per year

Navy Pension
Over $73,000 in 2015

Book Sales (2008 Campaign)
$1.7 million (donated to charity)

John McCain’s Military Service and Benefits

Before entering politics, John McCain had a distinguished military career. He served as a naval aviator and was deployed to Vietnam, where he demonstrated bravery and resilience. During his time in the military, McCain faced numerous challenges, including being shot down and captured by enemy forces.

McCain’s military service earned him recognition and accolades for his bravery, including being awarded the Silver Star, the Bronze Star, the Legion of Merit, and the Purple Heart. These honors reflect his courage and dedication to his country.

“Courage is not the absence of fear, but the capacity to act despite our fears.” – John McCain

McCain’s military service also provided him with benefits, including a Navy pension. This pension ensured that he had financial security in his post-military life. The exact details of his military salary are not publicly available, but as a high-ranking officer, he would have earned a substantial income during his time in the Navy.

After his release from captivity, McCain continued to be involved in veterans’ issues. He recognized the importance of supporting and improving the lives of his fellow veterans, advocating for better healthcare, benefits, and resources. McCain’s experiences as a prisoner of war shaped his perspective on the importance of caring for those who have served their country.

In recognition of his dedication to fellow veterans, John McCain was a strong advocate for legislation such as the Veterans Access, Choice, and Accountability Act of 2014. This act aimed to improve access to healthcare for veterans and increase accountability within the Department of Veterans Affairs.

John McCain’s military service and subsequent advocacy for his fellow veterans highlight his commitment to serving his country both on and off the battlefield.

Benefits
Description

Navy Pension
A pension provided to veterans of the Navy, ensuring financial security in their post-military life.

Silver Star
A military honor awarded to individuals who have displayed gallantry in action against an enemy of the United States.

Bronze Star
A military honor awarded for acts of heroism, merit, or meritorious service in a combat zone.

Legion of Merit
A military honor awarded to members of the United States Armed Forces for exceptionally meritorious conduct.

Purple Heart
A military decoration awarded to those wounded or killed while serving in the United States Armed Forces.

John McCain’s Personal Life and Family Wealth

John McCain, a former United States Senator from Arizona, had a significant personal life and family wealth. He was married to Cindy McCain, who is the heiress to Hensley & Co., one of the largest Anheuser-Busch distributors. Cindy inherited a major stake in the company and went on to become its chairman. Her net worth is estimated to be around $200 million.

The couple enjoyed a comfortable lifestyle and had multiple properties. They had four children together and were known for their close-knit family. However, it is crucial to note that the majority of their wealth came from Cindy’s inheritance and not solely from John McCain’s earnings.

To visualize their family wealth, here is a breakdown of their notable properties:

Property
Location
Estimated Value

Sedona Ranch
Sedona, Arizona
$1 million+

Primary Residence
Phoenix, Arizona
$5.5 million

Beachfront Condo
La Jolla, California
$1.3 million (sold)

Condos
Coronado, California and Arlington, Virginia
–

As you can see, their real estate holdings played a significant role in their overall wealth, complementing Cindy’s inherited wealth. This emphasizes the importance of understanding the full picture when considering John McCain’s personal life and family wealth.

John McCain’s Legacy

John McCain’s legacy extends far beyond his financial wealth. He is remembered as a Vietnam War veteran, a highly respected senator, and a dedicated advocate for political civility. McCain’s impact on American politics is profound, and his contributions to public service are immeasurable.

Throughout his career, McCain was known for his straight-talking style and his willingness to work across party lines. He believed in the power of bipartisan cooperation and sought to bridge political divides for the greater good. McCain’s commitment to political civility and his efforts to find common ground set him apart as a true statesman.

“I don’t mind a good fight. For reasons known only to God, I’ve had quite a few tough ones in my life. But I learned an important lesson along the way: In the end, it matters less that you can fight. What you fight for is the real test.”

McCain was also a vocal critic of government waste and corruption. He fought tirelessly against unethical practices in politics and pursued accountability with unwavering determination. His commitment to integrity and transparency served as a shining example for future generations of public servants.

Perhaps most importantly, John McCain’s legacy lies in his unwavering dedication to serving his country. As a Vietnam War veteran who endured years of captivity and torture, McCain’s love for America and his belief in its values never wavered. He fought for the rights and well-being of both his fellow veterans and all Americans, advocating for improved benefits and healthcare.

John McCain’s passion for public service and his profound impact on American politics will be remembered for generations to come. His legacy serves as a reminder of the power of principle, courage, and dedication in shaping a better future.

Remembering John McCain

August 25 marks the one-year anniversary of the passing of the late Senator John McCain, and his absence is deeply felt by people from all walks of life. His death was mourned by individuals across the political spectrum, reflecting the impact he had made as a prominent figure in American politics. Today, we remember John McCain not only for his remarkable dedication to public service, but also for his unwavering courage in the face of adversity.

John McCain’s commitment to his country was unparalleled. Throughout his long and distinguished career, he earned the respect and admiration of countless individuals who recognized his unwavering belief in the principles of democracy and his tireless efforts to serve the American people. His contributions to American politics continue to be honored, and his enduring impact on public service remains an inspiration to us all.

As we reflect on John McCain’s life and remember the mark he left on our nation, we pay tribute to his legacy. He will forever be remembered for his patriotism, integrity, and his unwavering commitment to doing what he believed was right. The anniversary of his passing serves as a reminder of the lasting impact that one person can have on the world, and the importance of striving for a better future.

FAQ

The post John McCain Net Worth – How Much is John McCain Worth? appeared first on Zac Johnson.