< Back to news

The Invisible Man Doubled His Wealth On The Backs Of Michiganders

According to financial disclosures, Peters’ wealth increased 124% since coming to congress.

Livonia, Mich. – Despite skipping 84% of small business hearings and 89% of hearings on China, Senator Gary Peters has made a pretty penny at the taxpayers expense during his time in Congress.

Sen. Peters got rich in public office, doubling his wealth — a fact that even Bridge Magazine confirmed.

“Likewise, it’s true that Peters has doubled his wealth since taking office, according to personal financial disclosure reports filed as a candidate, congressman and senator.”

“While those forms only list a range of possible values, it’s reasonable to estimate the stocks, mutual funds, bonds and other assets that Peters and his wife reported in October 2008 were likely worth about $1.8 million. By 2019, his assets were worth an average of $4.5 million.”

According to Peters’ official Personal Finance Disclosures required of every member in congress, from 2007 to 2018, the average value of his assets increased from $1,728,562 to $3,864,093, or 124%.

In conjunction with increasing his wealth, Senator Peters receives $174,000 a year from America’s taxpayers and an exclusive, gold-plated, taxpayer-paid health insurance plan not available to the public also funded by the taxpayers.

“Michigan needs a leader, not an opportunist. Michigan needs a leader who will serve others before himself,” said Army veteran Steve Tersigni. “John James is that leader. In the Army, John was someone who was focused on serving everyone else but himself. I know this firsthand, being deployed in Iraq with him. John will be a leader and a selfless servant in the U.S. Senate for Michigan because that is who he has been his entire life.”

“We need better leadership. We need experienced leadership. We need tested leadership who bring will bring stability, unity and results. Someone who understands what it takes to make life and death decisions because they’ve done it before,” said John James, candidate for U.S. Senate. “Gary Peters doesn’t show up for work and, as a result, we were vulnerable. Peters is the elected senator, but he is getting a free pass and collecting millions. We have to show up for work, so should he. Michigan needs a Senator who will show up every day not just in an election year.”

Despite skipping 84% of small business hearings and skipped 89% of hearings on China, Senator Gary Peters has made a pretty penny at the taxpayers expense during his time in Congress.

###