Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. David Kustoff (R-TN)
House · Republican (most recent term) · TN-8 · in Congress 2017–present · Bioguide ID K000392
Party history: R 2017–present. Source: term data in unitedstates/congress-legislators (CC0); party shown is as recorded per term there.
Estimated net worth (from public disclosures)
| Estimate | Report year | Low | Mid | High |
|---|---|---|---|---|
| (a) Estimated net worth before entering office (report year 2016) | 2016 | $2,052,192 | $4,949,092 | $7,845,992 |
| (b) Latest net worth estimate | 2025 | $3,583,081 | $8,015,540 | $12,447,998 |
| (c) Estimated gain / loss, nominal dollars, 2016 → 2025 (9 years spanned) | 2016–2025 | −$4,262,911 | +$3,066,448 | +$10,395,806 |
Gain Low = latest Low − earliest High; Gain High = latest High − earliest Low (widest possible spread); Mid = latest Mid − earliest Mid.
Reliability flags (net worth): none for these two endpoints. Included in the recommended dollar-gain ranking.
Net worth by report year (mid; Low–High)
| Report year | Assets (mid) | Liabilities (mid) | Net worth mid | Low … High | Status / flags |
|---|---|---|---|---|---|
| 2016 | $5,579,096 | $630,004 | $4,949,092 | $2,052,192 … $7,845,992 | computed |
| 2017 | $3,303,551 | $582,502 | $2,721,050 | $962,102 … $4,479,997 | computed |
| 2018 | $3,206,543 | $625,002 | $2,581,542 | $891,086 … $4,271,997 | computed |
| 2019 | $3,558,042 | $625,002 | $2,933,041 | $1,138,085 … $4,727,997 | computed |
| 2020 | $6,236,540 | $625,002 | $5,611,539 | $1,890,081 … $9,332,997 | computed |
| 2021 | $6,763,540 | $525,002 | $6,238,538 | $2,395,079 … $10,081,997 | computed |
| 2022 | $6,673,040 | $525,002 | $6,148,039 | $2,354,081 … $9,941,997 | computed |
| 2023 | $6,446,038 | $525,002 | $5,921,036 | $2,218,076 … $9,623,997 | computed |
| 2024 | $8,117,539 | $582,502 | $7,535,038 | $3,252,078 … $11,817,997 | computed |
| 2025 | $8,565,540 | $550,001 | $8,015,540 | $3,583,081 … $12,447,998 | computed |
- What this is: Net worth = Schedule A assets (each value range at its midpoint; low–high range shown) minus Schedule D liabilities (midpoints / ranges). Low = assets at range floors minus liabilities at range ceilings; Mid = midpoints; High = assets at ceilings minus liabilities at floors. Low and High are outer bounds of the reported ranges, not likely outcomes.
- What it excludes / understates: exact values (only ranges are reported); a personal residence is not reported as an asset (although a mortgage on it may be listed as a liability, which then lowers the estimate); retirement and federal accounts (e.g. Thrift Savings Plan, defined-benefit pensions) are only partly or not reported; assets of excepted/blind trusts, cash held below reporting thresholds, vehicles, household goods and most spouse/dependent items exempt from reporting are not included; liabilities on a personal residence, revolving credit under thresholds and loans to family may be omitted by filers.
- Open-ended top ranges (e.g. “Over $50,000,000”) are counted at their lower bound and flagged, so such values are understated.
- The change is a change in estimated net worth in nominal dollars (no inflation adjustment). It includes salary, gifts, inheritances, business income and re-valuation as well as investment results, and it is subject to range-bracket noise; it is not an investment return and implies nothing about conduct.
Read this first. Members report asset values only as ranges (e.g. “$15,001 – $50,000”), never exact dollars. Every figure below is an estimate computed from range midpoints, not a measured return. Figures cannot be interpreted as investment performance, and they do not show wrongdoing or skill. Methodology and limitations are at the end and in the project README. Sources: public financial disclosure reports filed with the Clerk of the U.S. House of Representatives and/or the Secretary of the Senate (Senate eFD), linked below.
Avg. annual change (geometric, est.)+5.4%
Simple average of years+9.4%
Years estimated8
Best / worst single year2020 +79%
2017 -38%
2017 -38%
Reliability flags: 1 year(s) driven by income/one position/range artefact.
Sensitivity band for the average (all ranges at floor vs. all at ceiling, same holdings both years): +4.5% to +5.8%. This band is narrow because it moves both years together; the true uncertainty is larger — see the per-year “strict envelope” column and the limitations.
Estimated year-over-year change
Bars: midpoint estimate; whisker: same-position floor/ceiling band. Axis clipped to −100%…+150%. Years with insufficient traceable holdings are omitted.
| Year (t−1 → t) | Opening value (mid) | Closing value (mid) | Income (mid) | Buys (mid) | Sales (mid) | Est. gain | Same-position band | Strict envelope | Traced coverage | Status / flags |
|---|---|---|---|---|---|---|---|---|---|---|
| 2016→2017 | $5,510,590 | $3,244,546 | $14,611 | $88,504 | $260,508 | -37.7% | -37.8% … -37.4% | -116% … +40% | 99% | counted |
| 2017→2018 | $2,958,538 | $3,059,538 | $13,062 | $64,502 | $8,000 | +1.9% | +1.6% … +2.8% | -92% … +96% | 90% | counted |
| 2018→2019 | $3,166,042 | $3,550,042 | $13,464 | $113,502 | $40,501 | +10.2% | +8.9% … +13.7% | -88% … +108% | 99% | counted |
| 2019→2020 | $3,469,040 | $6,220,540 | $12,162 | $40,002 | $0 | +78.5% | +40.1% … +93.6% | -67% … +224% | 97% | counted; single position drives the result (range jump) |
| 2020→2021 | $6,096,537 | $6,642,535 | $9,610 | $455,504 | $472,502 | +9.4% | +7.7% … +15.6% | -112% … +130% | 98% | counted |
| 2021→2022 | $6,723,038 | $6,558,038 | $12,460 | $16,001 | $0 | -2.5% | -2.5% … -2.4% | -110% … +105% | 99% | counted |
| 2022→2023 | $6,010,528 | $5,992,028 | $4,354 | $154,004 | $8,000 | -2.7% | -3.0% … -2.6% | -114% … +108% | 90% | counted |
| 2023→2024 | $6,140,034 | $7,303,534 | $8,609 | $498,502 | $407,501 | +17.6% | +15.0% … +26.6% | -104% … +139% | 95% | counted |
| 2024→2025 | $3,338,529 | $3,796,030 | $12,158 | $32,500 | $0 | +13.1% | +11.7% … +16.7% | -76% … +102% | 41% | excluded; not eligible: traced coverage 41% < 60% |
Filings used
Each annual-report year uses one filing (most recently filed version among originals/amendments whose Schedule A row count is ≥ 40% of the largest). Electronic (text) PDFs are parsed. Scanned/image-only filings are OCR-read and used only if they pass the explicit validation gates described in the project README (value/income coverage, two-engine agreement, exact bracket snapping, page completeness, year-to-year position continuity); such years are labelled OCR-derived below. Scanned filings that fail validation are listed as “insufficient data – scanned”.
| Report year | Doc ID | Type | Filed | Schedule A rows | Rows with unparsed value | Source (official filing) / SHA-256 |
|---|---|---|---|---|---|---|
| 2016 | 10019893 | House amendment | 2/20/2018 | 214 | 0 | 10019893.pdf8e36992414f84ee5c1c66a130b55f08ce9e8e21290b2ece8760b53b3985e1c39 |
| 2017 | 10031233 | House amendment | 8/11/2023 | 104 | 0 | 10031233.pdf5522f26242cd959b3a7b660f1fbe6de26a057a7ce82c1aec3780a1a78d61d136 |
| 2018 | 10055497 | House amendment | 8/11/2023 | 89 | 0 | 10055497.pdf67d6cdd619524f938b5e02ff8e94f0c1052a7544e6d83f024fac3fbf866acfd3 |
| 2019 | 10055496 | House amendment | 8/11/2023 | 88 | 0 | 10055496.pdfa1f59f8334e39a5b76ad4cf53bd0129b90abd3d2cbd6125089b7f01d219895e4 |
| 2020 | 10055493 | House amendment | 8/11/2023 | 85 | 0 | 10055493.pdf7fc7b0553a1f7625eccc290b84895710789f4c777727349501041c6f8a3a6fa0 |
| 2021 | 10046681 | House annual | 5/12/2022 | 86 | 0 | 10046681.pdf09d33c282b8f6b16ce2ec5701dc3fb3fc5eedf454aba028ce71686ca50197f34 |
| 2022 | 10051884 | House annual | 8/11/2023 | 89 | 0 | 10051884.pdfab6029c0d9266ffd5d75f59e88486467230d38ae6bef25aecee110bb7e8ef5c0 |
| 2023 | 10067564 | House amendment | 8/13/2025 | 83 | 0 | 10067564.pdfc6f8e8cc5901b189e1dc01de05f82c388771f0e94d506bacfa0ab4ba639beb76 |
| 2024 | 10066003 | House annual | 8/13/2025 | 80 | 0 | 10066003.pdf85321ca4d013afe9eac1af3dcc80f59a46c741e52ad7ae0d6223ed3e852da927 |
| 2025 | 10076393 | House annual | 8/13/2026 | 82 | 0 | 10076393.pdfc6864aee25d57b86938ff8013b2f5904401216a77780819054fa1a08b447e9df |
Largest movers 2021→2022
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Fidelity SEP-IRA ⇒ Home Depot, Inc. (HD) [ST] | — | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $0 |
| Fidelity SEP-IRA ⇒ Truist Deposit IRA [BA] | — | held | $1,001 - $15,000 | $50,001 - $100,000 | $0 | $0 |
| FIDELITY ROLLOVER IRA ⇒ Costco Wholesale Corporation (COST) [ST] | — | held | $50,001 - $100,000 | $15,001 - $50,000 | $0 | $0 |
| Charles Schwab Rollover IRA ⇒ Amazon.com, Inc. (AMZN) [ST] | — | held | $100,001 - $250,000 | $15,001 - $50,000; $100,001 - $250,000 | $0 | $0 |
| Fidelity SEP-IRA ⇒ SOXX [EF] | — | held | $15,001 - $50,000 | None | $0 | $0 |
| Fidelity SEP-IRA ⇒ Roku, Inc. - Class A (ROKU) [ST] | — | held | $15,001 - $50,000 | None | $0 | $0 |
| Charles Schwab Rollover IRA ⇒ Advanced Micro Devices, Inc. (AMD) [ST] | — | held | $15,001 - $50,000 | None | $0 | $0 |
| BankTennessee Checking Account #2 [BA] | DC | held | $15,001 - $50,000 | $1,001 - $15,000 | $0 | $0 |
Largest movers 2022→2023
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Fidelity SEP-IRA ⇒ Truist Deposit IRA [BA] | — | held | $50,001 - $100,000 | $1,001 - $15,000 | $0 | $0 |
| Charles Schwab Rollover IRA ⇒ Bank Sweep [BA] | — | held | $50,001 - $100,000 | $15,001 - $50,000 | $0 | $0 |
| FIDELITY ROLLOVER IRA ⇒ Costco Wholesale Corporation (COST) [ST] | — | held | $15,001 - $50,000 | $50,001 - $100,000 | $0 | $0 |
| Traditional IRA GPS Accumulation, P5 ⇒ GuidePath Growth Allocation Fund - GPSTX [MF] | SP | held | $15,001 - $50,000 | None | $0 | $0 |
| Charles Schwab Rollover IRA ⇒ Amazon.com, Inc. (AMZN) [ST] | — | held | $15,001 - $50,000; $100,001 - $250,000 | $100,001 - $250,000 | $0 | $0 |
| Fidelity SEP-IRA ⇒ NVIDIA Corporation - Common Stock (NVDA) [ST] | — | new | — | $15,001 - $50,000 | $65,001 | $0 |
| Mass Mutual Whole Life 3 [WU] | — | held | $1,001 - $15,000 | $15,001 - $50,000 | $0 | $0 |
| Mass Mutual Whole Life [WU] | — | held | $1,001 - $15,000 | $15,001 - $50,000 | $0 | $0 |
Largest movers 2023→2024
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| NH Portfolio 2024 (Fidelity Index) [MF] | DC | exited | $250,001 - $500,000 | — | $383,001 | $407,501 |
| FIDELITY ROLLOVER IRA ⇒ Apple Inc. (AAPL) [ST] | — | held | $100,001 - $250,000 | $250,001 - $500,000 | $0 | $0 |
| Fidelity SEP-IRA ⇒ Netflix, Inc. (NFLX) [ST] | — | held | $100,001 - $250,000 | $250,001 - $500,000 | $0 | $0 |
| Fidelity SEP-IRA ⇒ Alphabet Inc. - Class A (GOOGL) [ST] | — | held | $100,001 - $250,000 | $250,001 - $500,000 | $0 | $0 |
| NH FIDELITY 500 INDEX [5P] | DC | held | $100,001 - $250,000 | $250,001 - $500,000; $50,001 - $100,000 | $83,001 | $0 |
| Fidelity SEP-IRA ⇒ Home Depot, Inc. (HD) [ST] | — | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| State of Tennessee 401(K) Plan ⇒ Vanguard Instl Trgt Retire 2040 Instl [MF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| Fidelity Retail Account ⇒ NextEra Energy, Inc. (NEE) [ST] | JT | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
Method (summary)
- Schedule A asset rows are read from each annual report; the dollar range for each row is converted to its midpoint. Open-ended top ranges (“Over $50,000,000”) are excluded from the traced set and counted as a coverage loss.
- Positions are matched year to year by owner code (self/SP/DC/JT) + normalised asset name. A position that appears only in year t is included only if Schedule B shows a purchase of it in year t (opening value 0); a position that disappears is included only if Schedule B shows a sale (closing value 0). Otherwise it is excluded as unexplained.
- Estimated gain = (closing − opening + reported income − purchases + sale proceeds) ÷ opening, all at midpoints, for the traced positions. “Capital gains” income is not added again (it is already in value change and sale proceeds).
- A year counts only if traced opening value ≥ $50,000 and traced coverage ≥ 60% of the opening midpoint. A member is ranked only with ≥ 3 such years (exactly 2 = “limited data”, shown but unranked). Average = geometric mean of (1+yearly estimate).
Limitations
- Ranges are wide (up to a factor of 5 or more, and up to $50M+ open-ended); a holding can move between ranges without any real change in value, and stay in a range while moving materially. Yearly estimates are therefore noisy; the “strict envelope” shows the mathematical worst/best case and is typically wider than ±100%.
- Purchases and sales are only disclosed as ranges and only for transactions over $1,000; partial sales, dividend reinvestment, spousal/dependent accounts and retirement-plan funds are reported inconsistently. Excepted/blind trusts, personal residences and certain pensions are not reported at all.
- Filers sometimes change how they list assets (e.g. listing a brokerage account vs. its individual holdings), which can make positions untraceable across years; these are excluded rather than guessed.
- Asset values in an annual report are as of Dec 31 of the reporting year; the report year t−1→t covers that calendar year. Late or amended filings are used when filed; extensions can delay them.
- The text of these reports is machine-parsed from PDFs; parse errors are possible. Every number links back to the cited filing. This is not investment advice.
- Use of these filings is restricted by 5 U.S.C. § 105(c) (no unlawful, commercial or credit-rating purpose, and none for solicitation of money).
Generated 2026-10-01 by an automated pipeline. Data: Office of the Clerk, U.S. House of Representatives (disclosures-clerk.house.gov); member roster: unitedstates/congress-legislators (CC0).