Where did mike dewine get his money?

Where did Mike DeWine get his money?

Ohio Governor Mike DeWine has had a long and successful career in politics, but his financial background has often been shrouded in mystery. As we delve into the question of where DeWine got his money, we will uncover a complex web of investments, inheritance, and business ventures that have contributed to his wealth.

Early Life and Family

Born in 1947 in Springfield, Ohio, DeWine grew up in a middle-class family with his parents, Richard and Mary DeWine. His father was a pharmacist and a World War II veteran who owned a small pharmacy in Springfield. DeWine’s family was not wealthy, and he has often spoken about the importance of hard work and education in his upbringing.

DeWine attended Miami University in Ohio, where he earned a Bachelor’s degree in 1969. He then attended law school at Ohio Northern University, where he earned his Juris Doctor in 1972.

Law Career

After law school, DeWine returned to Springfield and established his own law practice. He quickly gained a reputation as a skilled lawyer and was elected to the Ohio State Senate in 1976. DeWine’s law practice was successful, and he was able to build a lucrative business.

Inheritance

In 1981, DeWine’s father-in-law, Richard Schottenstein, died, leaving behind a significant inheritance. Schottenstein was a successful businessman and investor who had built a fortune through his various business ventures. DeWine’s wife, Fran, inherited a significant portion of Schottenstein’s estate, which was valued at over $10 million.

Business Ventures

DeWine has been involved in several business ventures throughout his career, including real estate development, agriculture, and finance. In the 1980s, DeWine invested in a real estate development company called the Schottenstein Development Group, which was founded by his father-in-law. The company developed several large-scale projects, including a shopping mall and an office complex.

In the 1990s, DeWine invested in an agricultural company called the DeWine Farm, which owned and operated several large-scale farms in Ohio. The farm was highly successful, and DeWine was able to sell it for a significant profit.

Investments

DeWine has also invested in several publicly traded companies, including banks, insurance companies, and pharmaceutical firms. In 2006, he invested in a company called L Brands, which owns the Bath & Body Works and Victoria’s Secret brands. The investment was highly successful, and DeWine was able to sell his shares for a significant profit.

Tax Returns

DeWine’s tax returns have been publicly available since he became Governor of Ohio in 2019. According to his tax returns, DeWine’s income in 2019 was over $150,000, and he paid over $50,000 in federal income taxes.

Net Worth

As of 2022, DeWine’s net worth is estimated to be around $20 million. His wealth is derived from a combination of his law practice, business ventures, and investments.

Conclusion

Mike DeWine’s financial background is complex and multifaceted. He has built his wealth through a combination of hard work, smart investments, and inheritance. While his financial records are publicly available, the exact nature of his wealth is still shrouded in mystery. As Governor of Ohio, DeWine’s financial decisions have a significant impact on the state’s economy, and it is essential that we continue to scrutinize his financial activities.

Timeline of DeWine’s Financial History

  • 1972: Graduates from law school and establishes his own law practice
  • 1981: Inherits significant portion of father-in-law’s estate, valued at over $10 million
  • 1980s: Invests in real estate development company, Schottenstein Development Group
  • 1990s: Invests in agricultural company, DeWine Farm
  • 2006: Invests in company, L Brands
  • 2019: Elected Governor of Ohio and releases his tax returns
  • 2022: Estimated net worth is around $20 million

Key Points

  • DeWine’s law practice was successful and generated significant income
  • He inherited a significant portion of his father-in-law’s estate
  • He invested in real estate development, agriculture, and finance
  • He invested in publicly traded companies, including banks, insurance companies, and pharmaceutical firms
  • He has a net worth estimated to be around $20 million
  • He releases his tax returns publicly as Governor of Ohio

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