What is Jim Jordan Net Worth?

Jim Jordan, a Republican US Representative for the 4th District in Ohio, has been serving in Congress since 2007. As of 2024, his net worth has remained relatively stable over the years, with a notable increase in income in the previous year. Jordan’s financial situation saw a significant boost thanks to royalties ranging between $100,001 and a million from his book ‘Do What You Said You Would Do: Fighting for Freedom in the Swamp’.

While the exact figures for the value of assets and income are not disclosed in lawmakers’ financial filings, it is estimated that Rep. Jordan and his spouse have a net worth ranging from just over $300,000 to approximately $1,500,000, factoring in the recent book royalties. However, this estimation does not include their residence outside of Urbana, Ohio, which is not listed in the disclosures.

House Judiciary Chairman Rep. Jim Jordan’s Actions

House Judiciary Chairman Rep. Jim Jordan, along with two other House Republicans, sent letters to the heads of major companies such as BlackRock and Vanguard, raising concerns about potential violations of federal antitrust laws related to corporate environmental, social, and governance (ESG) efforts. The letters were addressed to the heads of Glasgow Financial Alliance for Net Zero (GFANZ), Vanguard, BlackRock, and State Street.

The lawmakers highlighted their concerns that these companies might have engaged in collusive agreements to “decarbonize” assets under management and achieve net zero emissions, potentially violating U.S. antitrust laws. GFANZ, described as the world’s largest coalition of financial institutions committed to net zero, coordinates commitments and actions across the sector. BlackRock, State Street, and Vanguard, being among the world’s largest asset managers, were specifically mentioned in the letters for their involvement in such efforts.

Allegations of Collusion

The lawmakers expressed apprehensions that the pursuit of net zero emissions could adversely impact industries such as coal, gas, and oil, as efforts to phase out gas-powered vehicles and traditional power plants could have significant economic implications. They raised concerns about the potential antitrust implications of companies collaborating to achieve net zero emissions by 2050 or earlier across all assets under management.

One of the letters sent by Rep. Jordan and his colleagues specifically addressed BlackRock, accusing the company of potentially violating U.S. antitrust laws by entering into agreements to decarbonize its assets under management. The lawmakers emphasized the need for transparency and requested relevant documents and information from the companies to inform potential legislative reforms and enhance oversight.

Oversight and Legislative Reforms

Rep. Jordan’s actions, including sending a subpoena to the CEO of Ceres in a previous instance, demonstrate a commitment to scrutinizing corporate ESG efforts that could raise antitrust concerns. The lawmakers highlighted the role of organizations like Climate Action 100+ in influencing businesses to take action on climate change, drawing parallels to a “cartel” that promotes collusion in addressing environmental challenges.

The companies contacted were given a deadline to produce the requested information to the lawmakers, indicating a proactive approach towards oversight and accountability in ensuring compliance with antitrust laws and transparency in corporate practices.

FAQs about Jim Jordan’s Net Worth

1. How has Jim Jordan’s net worth evolved over the years?

Jim Jordan’s net worth has remained relatively stable over the years, with a notable increase in income in the previous year attributed to royalties from his book.

2. What factors contribute to Jim Jordan’s estimated net worth?

Jim Jordan’s estimated net worth includes assets, income, and recent royalties from his book, ‘Do What You Said You Would Do: Fighting for Freedom in the Swamp’.

3. Is Jim Jordan’s residence outside of Urbana, Ohio included in his disclosed net worth?

As of the latest financial disclosures, Jim Jordan’s residence outside of Urbana, Ohio is not listed in the estimated net worth calculations.

4. What actions has Jim Jordan taken regarding potential antitrust violations in corporate ESG efforts?

Jim Jordan, along with other House Republicans, has sent letters to major companies and even issued a subpoena to investigate potential antitrust violations related to corporate ESG efforts.

5. How does Jim Jordan’s oversight role contribute to ensuring transparency in corporate practices?

Jim Jordan’s oversight role involves requesting relevant documents and information from companies to inform potential legislative reforms and enhance accountability in corporate practices, particularly in areas concerning antitrust laws.

6. What is the significance of Jim Jordan’s efforts in addressing collusion concerns in achieving net zero emissions?

Jim Jordan’s efforts highlight the importance of scrutinizing collaborative agreements among companies to achieve net zero emissions, ensuring compliance with antitrust laws and promoting transparency in environmental initiatives.