Millionaires Are Overrepresented in the U.S. Senate — By a Lot

It raises questions around how a group of mostly multimillionaires makes policy that affects millions — and how expensive it is to run for Senate in the first place.

Sen. Jim Justice, R-W.Va., speaks to reporters about the budget reconciliation bill as he arrives for a vote in the Capitol on Tuesday, June 3, 2025.

Sen. Jim Justice’s median net worth is $1.3 billion. Bill Clark/AP

The Senate is a millionaires club.

At least 73 of the 100 sitting U.S. senators have a median net worth of more than a million dollars, according to a NOTUS analysis of lawmakers’ most recent financial disclosures.

That may not surprise most Americans, who believe that people run for office to make a lot of money. But it’s hardly representative of the United States, where millionaires make up around 7% of the population, according to UBS’ 2025 Global Wealth Report.