Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. Michael Waltz (R-FL)
House · Republican (most recent term) · FL-6 · in Congress 2019–2025 · Bioguide ID W000823
Party history: R 2019–2025. 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 2018) | 2018 | −$1,100,956 | $154,521 | $1,409,998 |
| (b) Latest net worth estimate | 2023 | $3,267,041 | $6,884,018 | $10,500,995 |
| (c) Estimated gain / loss, nominal dollars, 2018 → 2023 (5 years spanned) | 2018–2023 | +$1,857,043 | +$6,729,497 | +$11,601,951 |
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 |
|---|---|---|---|---|---|
| 2018 | $1,654,522 | $1,500,001 | $154,521 | −$1,100,956 … $1,409,998 | computed |
| 2019 | $2,796,022 | $1,500,001 | $1,296,022 | −$387,955 … $2,979,998 | computed |
| 2020 | $11,253,028 | $2,250,002 | $9,003,026 | $2,191,056 … $15,814,997 | computed |
| 2021 | $9,437,020 | $795,001 | $8,642,020 | $5,099,041 … $12,184,998 | computed |
| 2022 | $8,468,020 | $1,620,002 | $6,848,018 | $3,295,041 … $10,400,996 | computed |
| 2023 | $8,494,020 | $1,610,002 | $6,884,018 | $3,267,041 … $10,500,995 | 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.
Limited data – not ranked. Only 2 comparable year-pair(s) could be computed (minimum 3 to rank). 6 annual filing(s) were usable (text-readable, validated OCR, or validated X-mark decoding) and 0 scanned/image-only filing(s) could not be used (older layouts failing validation, small amendments not integrated). See the method-per-year section below.
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2018→2019 | $0 | $0 | $0 | $0 | $0 | n/a | n/a … n/a | n/a … n/a | 0% | excluded; not eligible: traced prior-year value below $50,000 |
| 2019→2020 | $2,380,521 | $7,470,526 | $19,658 | $6,006,008 | $15,375,001 | +608.2% | +349.7% … +710.1% | -152% … +1368% | 85% | counted; high turnover (buys+sells > 100% of opening value); many new/exited positions; single position drives the result (range jump); |estimate| > 300% (likely range artefact) |
| 2020→2021 | $6,750,007 | $6,975,010 | $137,556 | $2,431,006 | $3,925,002 | +27.5% | +23.6% … +39.2% | -106% … +161% | 60% | excluded; not eligible: traced coverage 60% < 60%; many new/exited positions |
| 2021→2022 | $8,504,518 | $7,438,017 | $129,410 | $741,002 | $800,002 | -10.3% | -11.5% … -9.8% | -84% … +63% | 90% | counted |
| 2022→2023 | $4,214,510 | $4,663,512 | $128,854 | $1,222,505 | $950,003 | +7.2% | +6.6% … +8.6% | -88% … +103% | 50% | excluded; not eligible: traced coverage 50% < 60%; many new/exited positions |
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 |
|---|---|---|---|---|---|---|
| 2018 | 10024976 | House amendment | 12/9/2018 | 44 | 0 | 10024976.pdf6e74397d315156e909baf74efb01579fe6c929f7f1e11949a462ab8fea692169 |
| 2019 | 10038407 | House annual | 8/13/2020 | 45 | 0 | 10038407.pdf0b1f04c5b8e2a03a4055c7e69b713d43c1390311feec209c7dd96a82fe5bb0db |
| 2020 | 10042264 | House annual | 8/13/2021 | 59 | 0 | 10042264.pdfc805ec0279f5ecb9e1802053247ca09deced5ce6d785f8a02085ee1382c79f7b |
| 2021 | 10046178 | House annual | 8/13/2022 | 49 | 0 | 10046178.pdf2c7721bdced0898a2095e6deaeeceea1c0cae63e444a507fc2c126709cabb693 |
| 2022 | 10062749 | House amendment | 8/13/2024 | 47 | 0 | 10062749.pdf1ecdbd072a6e03b1195ee39cb2becb90af11925f109e60b5e2200971ee343377 |
| 2023 | 10057260 | House annual | 8/13/2024 | 53 | 0 | 10057260.pdf680b5c4218b582b18da6b8a4550b4eb38e3cde914ccbbdbc55a80e9ead4016d0 |
Largest movers 2019→2020
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Metis Solutions Corporation [PS] | — | held | $500,001 - $1,000,000 | None | $0 | $15,000,000 |
| Fidelity Brokerage ⇒ Variant Alternative Income Fund (NICHX) [MF] | — | new | — | $250,001 - $500,000 | $183,001 | $0 |
| Fidelity Brokerage ⇒ Cliffwater Corporate Lending Fund (CCLFX) [MF] | — | new | — | $250,001 - $500,000 | $183,001 | $0 |
| Metis Solutions Corporation - Options [OP] expiration dates by tranche at 12/19/2026 and 0 | — | held | $100,001 - $250,000 | None | $0 | $0 |
| Raymond James SEP IRA ⇒ DFA REAL ESTATE SECURITIES PORT INSTITUTIONAL CLASS N/L (DFREX) [M | — | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| Principal 401k ⇒ Principal LifeTime Hybrid 2045 [MF] | — | held | $100,001 - $250,000 | $100,001 - $250,000 | $0 | $0 |
| Raymond James Investment Acct ⇒ Vanguard Russell 1000 Value ETF (VONV) [EF] | — | new | — | $15,001 - $50,000 | $32,500 | $0 |
| Raymond James Investment Acct ⇒ DFA EMERGING MARKETS CORE EQUITY PORTFOLIO INST CLS N/L (D | — | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
Largest movers 2021→2022
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Cresset Investment Account ⇒ Fidelity Brokerage Sweep [BA] | — | held | $50,001 - $100,000 | $500,001 - $1,000,000 | $0 | $0 |
| Fidelity Brokerage ⇒ Vanguard Intermediate Term Tax Exempt (VWIUX) [MF] | — | held | $500,001 - $1,000,000 | $1 - $1,000 | $0 | $175,000 |
| Fidelity Brokerage ⇒ Nuveen Preferred Securities & Income Fund Class I (NPSRX) [MF] | — | held | $250,001 - $500,000 | None | $0 | $0 |
| Cresset Investment Account ⇒ Virtus Asset Trust - Virtus Seix Floating Rate High Income Fu | — | held | $250,001 - $500,000 | $250,001 - $500,000 | $0 | $375,000 |
| Fidelity Brokerage ⇒ Cliffwater Corporate Lending Fund (CCLFX) [MF] | — | held | $250,001 - $500,000 | $100,001 - $250,000 | $0 | $0 |
| Fidelity Brokerage ⇒ Akre Focus Fund (AKRIX) [MF] | — | exited | $250,001 - $500,000 | — | $0 | $175,000 |
| Fidelity Brokerage ⇒ iShares Core S&P Mid-Cap ETF (IJH) [EF] | — | held | $250,001 - $500,000 | $100,001 - $250,000 | $0 | $0 |
| Fidelity Brokerage ⇒ MainStay MacKay High Yield Municipal Bond Fund (MMHIX) [MF] | — | held | $100,001 - $250,000 | None | $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).