Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. Steven M. Palazzo (R-MS)
House · Republican (most recent term) · MS-4 · in Congress 2011–2023 · Bioguide ID P000601
Party history: R 2011–2023. 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 at the earliest available report (2013); the member entered office earlier, in 2011 | 2013 | $558,020 | $1,304,008 | $2,049,996 |
| (b) Latest net worth estimate | 2021 | $100,002 | $195,001 | $290,000 |
| (c) Estimated gain / loss, nominal dollars, 2013 → 2021 (8 years spanned) | 2013–2021 | −$1,949,994 | −$1,109,007 | −$268,020 |
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 |
|---|---|---|---|---|---|
| 2013 | $1,576,510 | $272,502 | $1,304,008 | $558,020 … $2,049,996 | computed |
| 2014 | $1,584,510 | $447,502 | $1,137,008 | $309,021 … $1,964,995 | computed |
| 2015 | $1,724,004 | $622,503 | $1,101,501 | $217,008 … $1,985,994 | computed |
| 2016 | $1,149,504 | $627,502 | $522,002 | −$111,993 … $1,155,996 | computed |
| 2017 | $1,540,503 | $982,502 | $558,001 | −$313,994 … $1,429,996 | computed |
| 2018 | $841,002 | $607,502 | $233,501 | −$277,995 … $744,997 | computed |
| 2019 | $933,002 | $582,502 | $350,500 | −$198,996 … $899,997 | computed |
| 2020 | $183,001 | $32,500 | $150,500 | $51,002 … $249,999 | computed |
| 2021 | $207,501 | $12,500 | $195,001 | $100,002 … $290,000 | 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.)+17.8%
Simple average of years+18.4%
Years estimated4
Best / worst single year2014 +35%
2017 +3%
2017 +3%
Reliability flags: few years (4).
Sensitivity band for the average (all ranges at floor vs. all at ceiling, same holdings both years): +11.4% to +20.4%. 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2013→2014 | $1,576,510 | $1,576,510 | $559,156 | $0 | $0 | +35.5% | +10.9% … +46.2% | -72% … +143% | 100% | counted |
| 2014→2015 | $574,002 | $591,002 | $802 | $0 | $0 | +3.1% | +2.8% … +3.7% | -75% … +81% | 36% | excluded; not eligible: traced coverage 36% < 60% |
| 2015→2016 | $758,002 | $758,002 | $100 | $0 | $0 | +0.0% | +0.0% … +0.0% | -68% … +68% | 44% | excluded; not eligible: traced coverage 44% < 60% |
| 2016→2017 | $1,133,502 | $1,540,503 | $201 | $375,000 | $0 | +2.8% | +2.0% … +3.3% | -88% … +94% | 99% | counted |
| 2017→2018 | $40,501 | $16,001 | $201 | $0 | $0 | -60.0% | -87.5% … -53.2% | -156% … +36% | 3% | excluded; not eligible: traced prior-year value below $50,000 |
| 2018→2019 | $766,002 | $933,002 | $302 | $0 | $0 | +21.8% | +19.7% … +22.9% | -56% … +100% | 91% | counted |
| 2019→2020 | $183,001 | $183,001 | $201 | $0 | $0 | +0.1% | +0.0% … +0.2% | -90% … +90% | 20% | excluded; not eligible: traced coverage 20% < 60% |
| 2020→2021 | $183,001 | $207,501 | $201 | $0 | $0 | +13.5% | +13.4% … +13.9% | -82% … +109% | 100% | 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 |
|---|---|---|---|---|---|---|
| 2013 | 10005057 | House amendment | 4/9/2015 | 20 | 0 | 10005057.pdf54b29932c6d4512cb7996f783015c9450256ccf94ccf108412ce24b87573d222 |
| 2014 | 10006542 | House annual | 5/15/2015 | 21 | 0 | 10006542.pdffbfa0a8fcfbb2adaff39ff3f53f5f2efb08c05f166a523a891f7edd4f2732c54 |
| 2015 | 10011841 | House annual | 6/14/2016 | 8 | 0 | 10011841.pdf413aaecc9fd2c4a42014c043855b6e456b4bda6e07356b53ac70158155784642 |
| 2016 | 10018143 | House amendment | 7/17/2017 | 7 | 0 | 10018143.pdf6b9811a09cca86c9a6a388b8f421eace4dc5bbfb0fedcefede7a65713a54af40 |
| 2017 | 10021411 | House annual | 5/15/2018 | 6 | 0 | 10021411.pdf5d662a8083858f4cd0f8e3a89de313cb2a44c786fd7d7cd9b72fa52056c5bce5 |
| 2018 | 10036426 | House amendment | 8/29/2020 | 6 | 0 | 10036426.pdfda8890327fe0269bfc3a657233ee91c878ffc0961f55268f719fe597c78dafcb |
| 2019 | 10036424 | House annual | 8/11/2020 | 5 | 0 | 10036424.pdf8507376b2b53dbaecba2453600a32733d8f65f92ff7d41e3271fe08eda610ac1 |
| 2020 | 10042610 | House annual | 8/6/2021 | 2 | 0 | 10042610.pdf20f33f33208bd8005dc27db928c45030584e2d0f5e96a2871d199947eb52b5f2 |
| 2021 | 10050039 | House annual | 7/22/2022 | 2 | 0 | 10050039.pdf046193e0c180b886bd7ed470b35cb9552e1175c9f75af837f4522ec264bfe53a |
Largest movers 2016→2017
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| The First National Bank Account [OT] | — | held | $1,001 - $15,000 | $15,001 - $50,000 | $0 | $0 |
| Keesler Federal CU Bank Account [BA] | — | held | $1 - $1,000 | $1,001 - $15,000 | $0 | $0 |
| BancorpSouth [RP] | — | held | $250,001 - $500,000 | $250,001 - $500,000; $250,001 - $500,000 | $375,000 | $0 |
| Federal Employees Retirements (FERS), 100% Interest [OT] | — | held | $250,001 - $500,000 | $250,001 - $500,000 | $0 | $0 |
| Greene Acres LLC, 100% Interest [FA] | — | held | $250,001 - $500,000 | $250,001 - $500,000 | $0 | $0 |
Largest movers 2018→2019
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| The First National Bank Account [BA] | — | held | $1,001 - $15,000 | $100,001 - $250,000 | $0 | $0 |
| Investment Property - D'Iberville [RP] Steven Palazzo | — | held | $250,001 - $500,000 | $250,001 - $500,000 | $0 | $0 |
| Keesler Federal CU Bank Account [BA] | — | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| Greene Acres of MS, LLC ⇒ Investment Property - Perkinston, 100% Interest [RP] owned by St | — | held | $250,001 - $500,000 | $250,001 - $500,000 | $0 | $0 |
| Southern AgCredit [BA] | — | held | None | None | $0 | $0 |
Largest movers 2020→2021
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Keesler Federal CU Bank Account [BA] | — | held | $1,001 - $15,000 | $15,001 - $50,000 | $0 | $0 |
| The First National Bank Account [BA] | — | held | $100,001 - $250,000 | $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).