Sen. Russ Feingold's entire net worth is $440,000. Ron Johnson, one of his leading challengers, has six investments worth at least that much — each — along with a six-figure investment in oil giant BP.
Johnson's investment portfolio, released Friday as part of a required disclosure report, strengthens the Republican manufacturer's claim that he has enough personal wealth to challenge the Democratic incumbent in November.
Feingold is one of the Senate's least affluent members. But he's also a formidable fundraiser — meaning his opponent would likely need a large personal fortune or a strong ability to raise funds. Johnson has claimed he has the wealth.
According to the report, he certainly does.
Johnson has at least $1 million in assets each in Bemis Co., Associated Bank and Belport Capital Fund LLC. He also has at least $500,000 each in two bonds and a bank stock fund.
That's not all. The Oshkosh business owner also holds assets worth at least $100,000 in each of 16 additional companies, including IBM, Procter & Gamble Co., and General Electric Co.
There are also shares of three oil companies. Johnson has between $116,000 and $315,000 in BP PLC stock, $50,000 to $101,000 in Exxon Mobil Corp. and $15,000 to $50,000 in Occidental Petroleum Corp.