Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. Ralph Norman (R-SC)
House · Republican (most recent term) · SC-5 · in Congress 2017–present · Bioguide ID N000190
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 2017, the member's first year in office) | 2017 | $5,456,149 | $43,322,572 | $81,188,994 |
| (b) Latest net worth estimate | 2025 | $20,577,143 | $56,291,069 | $92,004,995 |
| (c) Estimated gain / loss, nominal dollars, 2017 → 2025 (8 years spanned) | 2017–2025 | −$60,611,851 | +$12,968,498 | +$86,548,846 |
Gain Low = latest Low − earliest High; Gain High = latest High − earliest Low (widest possible spread); Mid = latest Mid − earliest Mid.
Reliability flags (net worth): 2017: 2 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket; 2025: 3 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket. 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 |
|---|---|---|---|---|---|
| 2017 | $53,535,074 | $10,212,503 | $43,322,572 | $5,456,149 … $81,188,994 | computed; 2 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2018 | $53,435,573 | $10,212,503 | $43,223,070 | $5,417,146 … $81,028,994 | computed; 2 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2019 | $54,466,076 | $10,212,503 | $44,253,572 | $6,063,151 … $82,443,994 | computed; 2 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2020 | $61,661,586 | $7,500,002 | $54,161,584 | $13,328,172 … $94,994,996 | computed; 2 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2021 | $66,868,078 | $7,500,002 | $59,368,076 | $14,821,157 … $103,914,996 | computed |
| 2022 | $65,176,070 | $3,375,002 | $61,801,067 | $22,347,139 … $101,254,995 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2023 | $66,193,083 | $3,375,002 | $62,818,080 | $22,821,166 … $102,814,995 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2024 | $57,159,072 | $3,375,002 | $53,784,069 | $19,898,143 … $87,669,995 | computed; 2 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2025 | $59,666,072 | $3,375,002 | $56,291,069 | $20,577,143 … $92,004,995 | computed; 3 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
- 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.)+2.3%
Simple average of years+2.5%
Years estimated8
Best / worst single year2021 +9%
2024 -7%
2024 -7%
Reliability flags: 15 unparsed value(s).
Sensitivity band for the average (all ranges at floor vs. all at ceiling, same holdings both years): +1.4% to +2.6%. 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2017→2018 | $52,527,072 | $52,416,068 | $107,712 | $0 | $8,000 | +0.0% | -0.0% … +0.2% | -118% … +118% | 99% | counted |
| 2018→2019 | $51,820,070 | $49,217,066 | $108,412 | $375,000 | $0 | -5.5% | -5.9% … -4.2% | -121% … +110% | 98% | counted |
| 2019→2020 | $48,877,056 | $51,232,558 | $657,712 | $288,503 | $175,000 | +5.9% | +3.2% … +6.6% | -117% … +129% | 91% | counted |
| 2020→2021 | $60,409,576 | $65,115,571 | $715,420 | $32,500 | $148,002 | +9.2% | +5.7% … +10.0% | -116% … +135% | 99% | counted |
| 2021→2022 | $61,899,556 | $61,371,550 | $3,702,331 | $8,000 | $16,001 | +5.1% | +3.4% … +5.6% | -119% … +129% | 93% | counted |
| 2022→2023 | $60,733,558 | $60,715,059 | $3,691,080 | $0 | $0 | +6.0% | +4.1% … +6.5% | -116% … +128% | 93% | counted |
| 2023→2024 | $64,275,072 | $56,111,068 | $3,744,382 | $224,014 | $312,020 | -6.7% | -7.2% … -5.0% | -121% … +108% | 98% | counted |
| 2024→2025 | $53,580,564 | $53,343,566 | $3,110,832 | $241,510 | $535,010 | +5.9% | +4.1% … +6.4% | -113% … +124% | 94% | counted |
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 |
|---|---|---|---|---|---|---|
| 2017 | 10020937 | House annual | 8/13/2018 | 161 | 2 | 10020937.pdf8565888204b4835062d4ea69d3e28694df794b428bea64eb409bfc0ed7e6b590 |
| 2018 | 10025906 | House annual | 8/13/2019 | 160 | 2 | 10025906.pdf94b7ce4681ba4bd805308c96728c964ca00985605880c3883ed9ec6b1a4e0e83 |
| 2019 | 10038226 | House annual | 8/13/2020 | 164 | 2 | 10038226.pdfec3ce0a99dc549a0fb5d590a3ddaacd4ad9ed07299f19bff3d5b04e434d6b511 |
| 2020 | 10062711 | House amendment | 8/13/2024 | 189 | 2 | 10062711.pdf384c3896b1f25efd6a55469f781f7ce0ad51cbe5b845f4dc7f47f19dc4b26843 |
| 2021 | 10062705 | House amendment | 8/13/2024 | 182 | 0 | 10062705.pdf472b2d6c4f1c4dd26b9d52eb000361d00b9198cc22847469cdd39cc13e9c02db |
| 2022 | 10062699 | House amendment | 8/13/2024 | 157 | 1 | 10062699.pdfc899c400eaac38e38e5d665bdabb2370796e733e33a7fc25a74d888f92efccc2 |
| 2023 | 10059370 | House annual | 8/13/2024 | 167 | 1 | 10059370.pdfda3e730df766a52fef70b34e00d7f85086f16168387e53b5891ffdf2f484c359 |
| 2024 | 10066819 | House annual | 8/13/2025 | 157 | 2 | 10066819.pdfb9b904b7ba4fd1cfa308c4e50fcb9a436951822a187ee295c2997b84468c203c |
| 2025 | 10075380 | House annual | 8/13/2026 | 143 | 3 | 10075380.pdf71af3cec3752187e4bc7be998b04444a546291e0d4eb04d00f077f19b4edc9fc |
Largest movers 2022→2023
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Norman Development ⇒ Monument Sign [RP] | — | held | $50,001 - $100,000; $50,001 - $100,000 | $50,001 - $100,000 | $0 | $0 |
| First Land Company ⇒ | — | held | $1,001 - $15,000 | $15,001 - $50,000 | $0 | $0 |
| LPL Brokerage Account ⇒ BNY Mellon Equity Income Fund Class I (DQIRX) [MF] | JT | held | None | $1,001 - $15,000; $1,001 - $15,000 | $0 | $0 |
| LPL Brokerage Account ⇒ Ishares US Basic Materials IYM [EF] | JT | held | None | $1,001 - $15,000 | $0 | $0 |
| LPL Brokerage Account ⇒ Franklin Dynatech Advisor FDYZX [MF] | JT | held | None | $1,001 - $15,000 | $0 | $0 |
| RD Corners ⇒ 633-08-01-020 [RP] | — | held | $250,001 - $500,000 | $250,001 - $500,000 | $0 | $0 |
| South State Bank IRA ⇒ South State Bank IRA (Cash) [IH] | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| South State Bank [BA] | — | held | $500,001 - $1,000,000 | $500,001 - $1,000,000 | $0 | $0 |
Largest movers 2023→2024
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| 4 Norm ⇒ 655-00-00-020 [RP] | — | held | $1,000,001 - $5,000,000 | $500,001 - $1,000,000 | $0 | $0 |
| 4 Norm ⇒ Hwy 160/Take 5 [RP] | — | held | $1,000,001 - $5,000,000 | $500,001 - $1,000,000 | $0 | $0 |
| Norman Development ⇒ 622-00-00-012 [RP] | — | held | $1,000,001 - $5,000,000 | $500,001 - $1,000,000 | $0 | $0 |
| India Hook Development ⇒ 635-00-00-273 [RP] | — | held | $500,001 - $1,000,000 | $50,001 - $100,000 | $0 | $0 |
| Landover Timber ⇒ 3382-86-9466-0000 [RP] | — | held | $50,001 - $100,000 | $500,001 - $1,000,000 | $0 | $0 |
| RD Corners ⇒ 633-08-01-020 [RP] | — | held | $250,001 - $500,000 | $500,001 - $1,000,000 | $0 | $0 |
| India Hook Development ⇒ 635-00-00-041 [RP] | — | held | $500,001 - $1,000,000 | $250,001 - $500,000 | $0 | $0 |
| Kanawah ⇒ 665-00-00-001 [RP] | — | held | $250,001 - $500,000 | $1,001 - $15,000 | $0 | $0 |
Largest movers 2024→2025
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| LPL Brokerage Account ⇒ | JT | held | $1,001 - $15,000 | $15,001 - $50,000 | $0 | $0 |
| LPL Financial SEP IRA ⇒ Putnam Core Equity Fund Class Y (PMYYX) [MF] | — | new | — | $1,001 - $15,000 | $8,000 | $16,001 |
| LPL Brokerage Account ⇒ T. Rowe Price Financial Services Fund, Inc. (PRISX) [MF] | JT | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $16,001 |
| LPL Brokerage Account ⇒ Eaton Vance Emerging and Frontier Countries Equity Fund I (EICOX) | JT | new | — | $15,001 - $50,000 | $48,502 | $0 |
| LPL Financial SEP IRA ⇒ T. Rowe Price Financial Services Fund, Inc. (PRISX) [MF] | — | exited | $1,001 - $15,000 | — | $0 | $16,001 |
| LPL Brokerage Account ⇒ Macquarie Large Cap Growth Fund Institutional (IYGIX) [MF] | JT | new | — | $1,001 - $15,000 | $8,000 | $8,000 |
| LPL Brokerage Account ⇒ iShares U.S. Telecommunications ETF (IYZ) [EF] | JT | new | — | $1,001 - $15,000 | $8,000 | $8,000 |
| LPL Brokerage Account ⇒ Eaton Vance Floating Rate & High Income Fund Insti Cl (EIFHX) [MF] | JT | new | — | $1,001 - $15,000 | $8,000 | $8,000 |
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).