U.S. Supreme Court
Which stocks are SCOTUS justices picking?
Posted Jun 17, 2013 8:56 AM CDT
By Debra Cassens Weiss
Ruth Bader Ginsburg is the wealthiest U.S. Supreme Court justice, with a reported net worth of up to $18.1 million.
Rather than holding individual stocks, Ginsburg has most of her money in mutual funds and retirement accounts, the Center for Public Integrity reports. But a few other justices have notable holdings. According to the story, they include:
• Two justices own gold or silver-related securities. They are Justice Antonin Scalia, ranked fifth with a net worth of up to $4.2 million, and Justice Clarence Thomas, the seventh-wealthiest justice with a net worth of up to $1.8 million.
• Stephen G. Breyer is the second wealthiest justice, with a net worth of up to $17.1 million. Most of his assets are in mutual funds, bonds and retirement accounts. But he also has a stake valued at $1 million to $5 million in Pearson, a publishing company that owns the Penguin Group and the Financial Times. He also has holdings in a fund that invests in Asian tech companies. Last year he sold his stock in biotech company Amgen, gaining between $15,000 and $50,000, allowing him to rule in a case on class action certification.
• Chief Justice John G. Roberts Jr., ranked fourth with a net worth of up to $6.6 million, invests in tech and telecommunications companies, including Time Warner, Microsoft, Texas Instruments, T-Mobile and Sirius XM Radio.
• Justice Sonia Sotomayor is now ranked third with a net worth of up to $10.3 million. That’s a big jump from her net worth in 2009, when her financial holdings consisted of a checking and savings account worth between $50,000 and $115,000 altogether. The 2009 disclosure did not include the value of Sotomayor’s primary residence in New York, however. It’s now considered an asset—and it’s valued at up to $5 million—because she rents out the property. (She still has a mortgage on the property.) She also has earned more than $3 million in royalties for her memoir.
• The least wealthy justice is Anthony M. Kennedy, with assets valued up to $700,000.