Paul Ryan Net Worth, Early Life, Education, US House of Representatives, Speaker of the House, Family and Awards

Published Date   20th Sep. 2017, 00:28 am
Paul Ryan Net Worth, Early Life, Education, US House of Representatives, Speaker of the House, Family and Awards
Quick Info
Birth Name:Paul Davis Ryan Jr.
Nationality:American
Net Worth:$7.8 million




American politician, Paul Ryan net worth elevated as he became the 54th and current Speaker of the US House of Representatives and marked his recognition through the prestigious positions he further held.

Synopsis

Born in 1970, Paul Ryan was the Vice President nominee of the Unites States in 2012 election. Out of a number of significant positions Ryan has held, being the US Representative for Wisconsin’s 1st Congressional district and Chairman of the House Ways and Means Committee are two. Before, that Paul Ryan net worth increased serving as the Chairman of the House Budget Committee from 2011 until 2015.

Early Life and Education

Paul Davis Ryan, Jr. was born on January 29, 1970 in Janesville, Wisconsin. He is the youngest among 4 children of Elizabeth A. and Paul Davis Ryan. His mother was an interior designer while his father was a lawyer. Ryan is an American and holds Irish, English and German ancestry. His grandfather, Stanley M. Ryan, served as US Attorney for the Western District of Wisconsin.

Ryan went to St. Mary’s Catholic School where he played basketball when he was in seventh grade. He then attended Joseph A. Craig High School. In the high school, he became the representative of the student body and was in school’s ski, track and varsity soccer teams.

Furthermore, as an active student, he participated in several academic and social clubs. Out of school, he used to spend time skiing in the Colorado Rocky Mountains with his family.

His father passed away when he was 16 years old. Consequently, he received Social Security Survivors benefits until he turned 18. He saved them for his college education. His mother later married Bruce Douglas.

Ryan attended Miami University in Oxford, Ohio from where he obtained bachelor’s degree in economics and political science. Interested in the works of Friedrich Hayek and Milton Friedrich, he frequently used to go to office to discuss those writings with Professor Richard Hart.

With Hart’s recommendation, he started internship in the D.C. office of Wisconsin. Paul Ryan net worth increased as worked with Senator Bob Kasten’s foreign affairs adviser. Afterwards, he attended Washington Semester program at American University. He worked as salesman during his summer term for Oscar Meyer.

During the college days, he was a member of College Republicans and Delta Tau Delta social fraternity. Additionally, he volunteered for congressional campaign of John Boehner.

Early Career and Political Involvement

After graduating in 1992, Paul Ryan net worth rose as he started working on Capitol Hill. Further, he earned more working as a waiter, a fitness trainer and other jobs. After Kasten lost the election in 1992, he became a speechwriter for Empower America, a conservative advocacy group.

He later worked for the Empower America founder, Jack Kemp, as speechwriter. Kemp was the Republican vice presidential candidate in 1996 US presidential election who also became Ryan’s mentor and influenced him.

Paul Ryan net worth grew as he became the legislative director for then-US Senator Sam Brownback in 1995. A couple of years later, he returned to Wisconsin and worked as a marketing consultant for a construction company.

U.S. House of Representatives Tenure

In 1998, Ryan won the 1st District seat becoming the second-youngest member of the House. He never received less than 55% of the vote in his 8 times reelections. In 2012, Ryan was allowed to run for Vice President and for Congress without removing name from the Congressional ballot after getting vice presidency nomination.

Ryan faced Democratic nominee Rob Zerban in 2012 and 2014. However, Ryan defeated him with huge votes. In 2016, he faced Sarah Palin endorsed businessman Paul Nehlen, whom Ryan defeated with 84% vote. In November election, Ryan lost to Democrat Ryan Stolen with 65% of his district’s vote.

Paul Ryan net worth accelerated as he became the chairman in 2011 after Republicans took the control over the House. During his 13 years tenure, he sponsored more than 70 bills/amendments; however, only 2 of them turned into law.

One of the bills he passed lowered the exercise of tax on arrow shafts. The other one renamed a post office in his district. Furthermore, out of his co-sponsored 975 bills, 176 passed.

Constituent Services

Paul Ryan has Stayed  a runway extension at the Rock County Airport, road projects in Wisconsin and commuter rail and streetcar projects in Kenosha. Similarly, Paul Ryan net worth heightened as he pledged to stop seeking earmarks in 2008. He also supported a request of $3.8 million from the Department of Transportation for new transit center in Janesville in 2012.

Ryan made personal contact with GM to persuade him to keep the assembly plant open; however, he failed. The constituents later expressed dissatisfaction with Ryan’s voting history. Moreover, they protested when Ryan would not meet them to discuss about economic and employment issues after sending him series of mails.

His Kenosha office, consequently, locked its doors and complaint against him to police. This had negative effects on Paul Ryan net worth and reputation. Therefore, Ryan maintained mobile office to serve constituents in those areas.

2012 Vice Presidential Campaign

In 2012, the Romney campaign announced Ryan as vice presidential candidate. Ryan accepted Mitt Romney’s invitation to join the campaign becoming the first individual from Wisconsin to run on major party’s national ticket.

Even though the convention audience received well and praised his speech, he lost the 2012 presidential election. Nevertheless, Paul Ryan net worth heightened as he regained his seat in the House of Representatives.

Speaker of the House

In 2015, congressional Republicans pushed Paul Ryan to succeed John Boehner as Speaker of the House. Even though Boehner supported Kevin McCarthy for the position, whom Ryan also supported, McCarthy withdrew his name.

Consequently, Paul Ryan net worth increased as Boehner and the Republicans pushed and pleaded him to take over the position. Boehner, as reported, told that Ryan was the only person who could unite the House GOP at the time of turmoil.

Ryan took the speakership on October 22 gaining endorsement from 2 factions of House Republicans. On October 29, he received 236 votes becoming the youngest Speaker of the House after James G. Blaine in 1875.

2016 Presidential Election

As Donald Trump became the presumptive Republican nominee in 2016 presidential election, Ryan reluctantly endorsed him. In June, Ryan disavowed Trump’s comment about Curiel but still endorsed him because he believed more Republican policies would be enacted under Trump than Democratic nominee Hillary Clinton.

After Trump became the presidential nominee, he refused to endorse Ryan but rather showed sign of support to Ryan’s opponent Paul Nehlen. But later the week, Trump endorsed Ryan. Consequently, he easily won the Republican nomination in the primary election. This win increased Paul Ryan net worth and chance to amend Affordable Care Act.

Personal Life, Wife and Family

Paul Ryan married a tax attorney, Janna Little in 2000. The couple resides in the Courthouse Hill Historic District of Janesville, Wisconsin with their three children. The fitness enthusiast, Paul Ryan pursues an intense cross-training fitness program (P90X) to avoid heart attacks that comes as genetic.

Awards and Honors

Paul Ryan net worth did not only increase due to the prestigious positions he possesses, but his awards also demonstrates his worth. Following are some of the highly sought awards Paul Ryan has received.

  • Guardian of Small Business Award from National Federation of Independent Business (2004, 2010)
  • Defending the American Dream Award from Americans for Prosperity Wisconsin Chapter (2008)
  • Honorary Degree from Miami University (2009)
  • Manufacturing Legislative Excellence Award from National Association of Manufacturers (2009)
  • Statesmanship Award from Claremont Institute (2011)
  • Leadership Award from Jack Kemp Foundation (20111)
  • Freedom and Prosperity Award from Mason Contractors Association of America (2011)
  • Alexander Hamilton Award from Manhattan Institute for Policy Research (2014)

Salary and Net Worth

Recipient of a number of awards for his significant works, Paul Ryan net worth is $7.8 million. However, the remarkable politician’s monetary worth has never been as significant as his works.

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