5 Measures of Candidates' Wealth 2023

Financial disclosures filed by candidates running for the House and Senate in November 2023 highlight differences between the two major political parties in five measures of personal wealth, not including sitting legislators.

Owns Stock Portfolio Valued Over $400K: Candidates are required to list all stocks, mutual funds, bonds and other securities valued at more than $5,000 on Schedule C. Each security is assigned a value range. VPAP summed the lower value of each candidate's holdings to arrive at a minimum value. Because of the ranges, actual values are likely much more than what is shown here.

Owns Second Home: Candidates are required to list real property valued at more than $5,000 on Schedule E. There is no requirement to identify property as a "vacation" or "second" home, so VPAP made judgments based on the description provided and location of property. VPAP also included some rental properties on Schedule D located on the beach, lakes or ski resorts.

Owns Rental Property: Candidates are required to list all rental property on Schedule D. VPAP counted the number of candidates who reported generating income as a landlord.

Has an Ownership Stake in a Business: Candidates are required to report any personal stake of more than $5,000 in businesses, partnerships and corporations. This information comes from Schedule D of the Statement of Economic Interests. This category excludes rental property found on Schedule D, which is included in "Owns Rental Property".

Has Debt: Candidates are required to list all liabilities (other than mortgages on their primary residence) greater than $5,000 on Schedule B. VPAP counted the number of candidates who listed at least one credit card debt.

Source: Personal financial disclosures filed with the Virginia Department of Elections by candidates for the Virginia General Assembly. Includes candidates on the ballot in November 2023, excluding current legislators.