Thomas More Barrett (Tom Barrett) is an American politician who served as a member of the Michigan Senate from the 24th district. A Republican, he previously served in the Michigan House of Representatives from 2015 to 2019.
Barrett was the Republican nominee in the 2022 election for Michigan’s 7th congressional district, which he lost to incumbent Democrat Elissa Slotkin. He is currently running for the same seat in 2024.
As he prepares for the 2024 election, many are curious about his financial background and net worth.
What is Tom Barrett Net Worth?
Tom Barrett’s net worth is $2 million. This amount reflects his earnings from various roles throughout his career, including his time in the Michigan Senate and House of Representatives, as well as his military service. Barrett has also been involved in several business ventures, which contribute to his overall financial standing.
Barrett’s political career began in earnest when he was elected to the Michigan House of Representatives in 2014. He later served in the Michigan Senate, where he chaired the Transportation and Infrastructure Committee. His political journey has been marked by significant campaign expenditures, particularly during the highly competitive 2022 congressional race, which was one of the most expensive in the country, with over $36 million spent between candidates. This financial backdrop highlights the high stakes of his political ambitions and the financial resources required to compete effectively in such races.
Early life and education
Tom Barrett was born in Southfield, Michigan. He graduated from Western Michigan University with a Bachelor of Arts degree in political science.
Career and Financial Background
Military Service: Barrett served in the U.S. Army for 21 years, participating in operations in Iraq and Afghanistan. His military career not only provided him with a steady income but also instilled a sense of discipline and leadership that has carried over into his political life.
Political Roles: His tenure in the Michigan legislature has been characterized by a focus on transportation and infrastructure, as well as public safety and economic issues. These roles have likely provided him with a stable salary and benefits, contributing to his net worth.
Campaign Financing: Barrett’s political campaigns have attracted substantial funding, including significant contributions from notable Michigan figures and organizations. This financial backing is crucial for his continued viability in elections, especially as he faces off against opponents in competitive districts.
Current Political Landscape
As Barrett gears up for the 2024 election, he is running against former state senator Curtis Hertel Jr. in Michigan’s 7th Congressional District. This race is expected to be highly competitive, with both candidates vying for the support of approximately 775,000 constituents. The outcome could have significant implications for the balance of power in Congress, making Barrett’s financial resources and campaign strategy even more critical.
