- John Fetterman and Mehmet Oz have filed financial statements while running for the US Senate in Pennsylvania.
- The disclosures reveal vastly different personal finances between the two candidates.
- Oz owns millions in various stocks and real estate. Fetterman has a single shareholding, valued at up to $15,000.
Democrat John Fetterman and Republican Mehmet Oz have very different personal financial situations, according to new congressional financial disclosures that the US Senate candidates filed as part of their increasingly acrimonious race in Pennsylvania.
Their portfolios also largely reflect their political personalities: Oz the competitive, business minded TV doctor and international celebrityFetterman the wear shorts in winter every man with a near fatal aversion to doctors.
Oz’s portfolio is packed with stocks from Microsoft, Apple, Alphabet and many others. Fetterman, by contrast, has a stake in only one stock: Verizon.
Oz reported large investments in various pieces of real estate and limited liability companies. Fetterman has invested most of his money in savings accounts for his three children.
Fetterman, who filed a mandatory federal financial return on July 29, reported earning $255,184 from his time as Pennsylvania’s lieutenant governor and $347 from his wife’s appearance on a television show last year. He also reported multiple bank accounts for himself and his three children, each worth hundreds of thousands of dollars.
Fetterman, who serves as Pennsylvania’s lieutenant governor, reported that he has personally invested in just one company, Verizon: He owns between $1,001 and $15,000 worth of stock.
Oz, who last filed a financial return in April, reported earning a $2 million salary hosting his television show, “The Dr. Oz Show,” and an additional $193,799 as the show’s supervising producer.
He also reported earning more than $7 million from his stake in Oz Media, $332,000 in royalties from a heart surgery procedure. he patentedMitraClip and hundreds of thousands of dollars for personal appearances and speeches.
A 2020 speech to the American Pistachio Growers Association earned Oz $125,000.
Oz, who earlier this year won the Republican nomination by fewer than 1,000 votes, is also heavily invested in the stock market.
He reported investing more than $5 million in Amazon and more than $1 million each in Microsoft and Alphabet stock.
Oz also reported that he owned several investment properties and residential real estate that together were valued in the millions of dollars.
A congressional stock trading ban?
Members of Congress are actively debating whether they and their spouses should be allowed to trade shares.
privileged information”Congress in conflictThe investigation found that 66 members of Congress have violated the Stock Law, a federal law designed to guard against conflicts of interest, curb insider trading, and improve transparency. Dozens of other lawmakers were found to have holdings in actions that conflict with their official duties or political positions.
in a january releaseFetterman joined the push to ban federal lawmakers from trading stocks.
“Allowing members of Congress and their spouses to trade shares is a clear conflict of interest,” Fetterman said. “Lawmakers shouldn’t profit from the very companies they’re supposed to regulate, based on information behind closed doors that isn’t available to the public.”
Fetterman’s campaign on Monday affirmed this, telling Insider that the candidate would sell his Verizon stock or place it in a blind trust if elected.
Oz’s campaign declined to comment Monday on whether the candidate supports a congressional ban on stock trading or whether he would sell his stock holdings or place them in a blind trust if elected.
Instead, the Oz campaign directed Insider to a radio interview Oz conducted with conservative radio host Chris Stigall on March 1. Oz then said that he would aim to put his money into a trust. He also said that he would donate his winnings in Congress if he wins in November.
“Well, in my own personal case, I intend to put the money that I have into a trust so that I can’t come into conflict with it,” Oz said.
Asked if he supported limits on stock trading in Congress, Oz said: “I would agree with that. I think they should be reasonable. I mean, for example, if you put it in a trust and let someone with experience about trading money for you out of your hands, you know, you don’t control it, they do it out of you, I think it will be fine.”