October 10, 2016

Evan Bayh’s Wealth Pushes Nearly $50 Million

In the wake of the bombshell Associated Press story that showed Evan Bayh used his last few months in the Senate as one long job interview, the last thing Bayh need was more news that compounded the perception that he sold out Indiana for his own personal gain. Yet with the release of Bayh’s personal financial disclosure that’s exactly what Bayh got.

According to Politico, Bayh made over $6 million last year alone from his many jobs:

“Indiana Democratic Senate candidate Evan Bayh amassed nearly $6.3 million in salary, compensation on corporate boards, and various speaking fees since January 2015, according to a new financial disclosure filed late Sunday night during the second presidential debate.”

Since Bayh left the Senate in 2011, his net worth has also skyrocketed. When Bayh left the Senate he was worth between $2.1 and $7.7 million. Now Bayh’s net worth is as much as $48 million:

“Bayh’s 19-page personal financial disclosure form details a large jump in his family’s net worth over the last six years, as the former senator embarked on a post-Congress career at powerful K Street firms and on corporate boards. Bayh, along with his wife Susan, reported between $13.9 million to $48 million in assets, the records show.”

A deeper look at Bayh’s financial disclosure paints a picture of him as someone who has taken every opportunity to cash in on his Senate connections. Bayh holds two jobs that pay him nearly $4 million a year, as well as four board of directors seats that pay mid-six figures a year:

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Bayh’s connections have also allowed his to invest in private equity funds that the ordinary Indiana investor could never dream of:

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Bayh’s wealth has also allowed him to earn at least six figures by renting out his luxury Florida property:

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Even a cursory glance at Bayh’s personal financial disclosure shows that he has more than enough wealth to have quit his many jobs. Yet tellingly, Bayh still has a foot in the corporate world by working part-time at his many corporate jobs. He’s not willing to go all-in for Indiana, just like he wasn’t willing to give the Senate his full attention in 2010. Bayh gave up on Indiana in to enrich himself, it’s time for Indiana voters to return the favor.