According to official financial disclosures reported to OpenSecrets.org, Pete Stauber’s net worth was -$2,519,495 in 2018. This figure, based on official records, reflects the difference between his assets and liabilities at the time. It’s important to note that this is a snapshot from a single year, and financial situations can change significantly over time.
Decoding Stauber’s 2018 Financial Snapshot
The 2018 OpenSecrets data offers the most reliable publicly available information on Stauber’s finances. A negative net worth, while it may sound unusual, simply means liabilities exceed assets. This is often due to factors like mortgages, business loans, or other debts. While the specific breakdown of Stauber’s liabilities isn’t publicly available, the disclosures provide a glimpse into his assets:
| Asset/Liability Category | Value Range (USD) |
|---|---|
| Residence (5068 W Arrowhead Road) | $375,000 |
| RedKing LLC (Investment) | $175,000 |
| Securities & Investment | $175,000 |
| Total Reported Assets | $725,000 |
| Liabilities | >$3,244,495 (estimated) |
Note: Liabilities are estimated based on the reported negative net worth and disclosed assets. The limited detail in these disclosures makes it challenging to draw definitive conclusions about the exact composition of Stauber’s liabilities. However, it suggests a substantial debt load.
Conflicting Estimates and Their Limitations
Various online sources offer estimates of Stauber’s net worth, often differing significantly from the 2018 disclosure. These estimates should be viewed with caution due to their lack of transparency and often-unclear methodologies.
| Source | Year | Estimated Net Worth |
|---|---|---|
| OpenSecrets.org | 2018 | -$2,519,495 |
| Moonchildrenfilms.com | Unknown | $1.7 million |
| People AI | 2025 | $4.2 million |
These discrepancies underscore the limitations of relying on estimates. They may include assumptions about asset appreciation, undisclosed liabilities, or other factors not reflected in official records. Furthermore, estimated figures often fail to distinguish between the value of assets held directly by Stauber (e.g. stocks and real estate) and the value of his stake in companies he owns or co-owns. This lack of clarity makes it difficult to compare estimates without a thorough understanding of their underlying assumptions. It’s important to note that estimated net worth figures are often speculative. They lack the rigor and verification of official disclosures.
Stauber’s Business Ventures and Their Potential Impact
Stauber’s business activities likely play a significant role in his financial standing. He founded Stauber Construction in 1997, and his involvement in this and other ventures (like RedKing LLC) could contribute to both his assets and liabilities, as business ownership entails both potential profits and debts. Unfortunately, detailed information about the financial performance of these businesses isn’t readily available, making it difficult to accurately assess their impact on his net worth. Obtaining a clearer understanding of his business holdings would require further investigation and access to more detailed financial records. Future disclosures may offer more insights into these ventures.
Understanding Net Worth Calculation and Discrepancies
Net worth is calculated by subtracting total liabilities from total assets. However, several factors can complicate this seemingly straightforward calculation and contribute to discrepancies between reported and estimated figures:
- Asset Valuation: The value of assets like real estate, stocks, and business interests can fluctuate significantly. Different valuation methods can yield different results. Market volatility can further complicate accurate assessments.
- Undisclosed Liabilities: Official disclosures may not capture the full extent of an individual’s liabilities, especially in cases of complex business arrangements or personal debts.
- Reporting Time Lags: Official disclosures are often made with a delay, meaning they may not reflect the most current financial situation. Net worth can change substantially in relatively short periods, especially for individuals involved in business or investments.
- Data Transparency: Estimates often lack transparency regarding the data sources and methodologies used, making it difficult to assess their reliability.
Conclusion
While various estimates of Pete Stauber’s net worth exist, the most reliable publicly available information remains the 2018 disclosure to OpenSecrets.org, indicating a negative net worth of -$2,519,495. This figure, based on official records, provides a factual basis for understanding his financial position at that time. However, it’s just a snapshot, and his current financial situation may be significantly different. Further research and updated information, including more detailed disclosures of his assets, liabilities, and business interests, would be necessary to gain a more complete and current understanding of his net worth. As more information becomes available, it’s probable our understanding of Stauber’s financial picture will evolve.
Legal Disclaimer
Net worth figures from sources other than official financial disclosures are estimates and should not be taken as definitive.
Related Queries
- Campaign finance data for Pete Stauber can offer additional insights into his political activities and potential financial influences. This information is available from the Federal Election Commission.
- Comparing Stauber’s financial disclosures to those of other representatives can provide context and highlight potential trends among elected officials.
- Websites like GovTrack.us and Vote Smart can provide additional information about Stauber’s voting record and political positions. This may illuminate some of his financial interests reflected in his business holdings and legislative priorities.
