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How Mikie Sherrill’s family made millions after she was elected to Congress
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New Jersey gubernatorial hopeful Mikie Sherrill has become one of the Garden State’s richest lawmakers in Congress six years after getting elected to Washington — buoyed by a portfolio of luxe properties, millions in stock and a banker husband who earns more than $2 million per year.
Republican Jack Ciattarelli and his allies have pummeled Sherrill (D-NJ) over her finances — accusing her of «flipping stocks and cashing in» since being elected to high office.
«In the seven years that she’s been in Congress, she’s tripled her net worth!» Ciattarelli said during their fiery clash at last week’s debate.
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«While you were sitting on the House Armed Services Committee, you were trading defense stocks,» he went on.
Sherrill has denied that claim, saying she does not own individual stocks — though a mealy-mouthed response to the question about her net worth from «The Breakfast Club» host Charlamagne tha God has only fanned the flames.
A peek at Sherrill’s financial disclosures contradicts some of the attacks Ciattarelli and his allies have made on the campaign trail about her net worth — and suggests her impressive wealth growth comes from a variety of sources.
«Mikie does not own or trade individual stocks, and has gone ‘above and beyond’ releasing the exact values of her finances to the dollar,» Sherrill campaign communications director Sean Higgins told The Post.
Representative Mikie Sherrill, a Democrat from New Jersey, during a news conference about a Signal messaging chat used by Trump administration officials, at the US Capitol in Washington, DC, US, on Tuesday, March 25, 2025. (Daniel Heuer/Bloomberg via Getty Images)
«New Jerseyans have zero insight into Jack Ciattarelli’s net worth, they do know he made $15 million in profits off opioid misinformation and investments linked to the Chinese Communist Party.»
The frequently cited $7 million figure stems from a Washington Free Beacon analysis that used the average of a range of values provided in congressional financial disclosures.
In 2019, Sherrill’s net worth would’ve been between $730,000 and $4.3 million, per her House financial disclosure records. By 2024, it jumped to between $4.8 million and $14 million.
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Additionally, that analysis looked at all her assets, not just stocks. And a key reason why her net worth jumped so sharply in that analysis is that she added a Washington, DC, townhouse, purchased in a tony neighborhood in 2021 for $1.5 million.
As Ciattarelli noted, Sherrill was forced to pay a $400 fee in 2021 for STOCK Act violations, after blowing past a 45-day deadline to disclose her husband’s stock trades — something that is not uncommon in Congress.
What is Mikie Sherrill’s net worth?
The Garden State Democrat’s net worth is somewhere between $9.4 million and $14.61 million.
Quiver Quantitative, which provides estimates for most members of Congress, pegged Sherrill’s fortune at $14.61 million, which would place her just behind Rep. Josh Gottheimer’s (D-NJ) $42.19 million net worth as the second-richest Garden State pol in Washington.
An August analysis by the New Jersey Globe pegged her and her husband’s net worth at $9.4 million.
Democrat Mikie Sherrill responds to questions during the first general election gubernatorial debate with Republican opponent Jack Ciattarelli. Sunday, Sept. 21, 2025, in Lawrenceville, N.J. (Noah K. Murray/AP Photo)
How did Mikie Sherrill get so rich?
Most of Sherrill’s fortune stems from her banker husband, Jason Hedberg.
Hedberg gets partially compensated through stocks from UBS, which they frequently sell off, according to financial disclosures.
He has raked in more than $2.6 million each year since 2021 — topping out at $2.9 million last year. For comparison, Sherrill’s congressional salary is $174,000.
Shortly after taking office, Sherrill began offloading individual stocks in favor of exchange-traded funds to mitigate conflict-of-interest concerns.
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She had $4.4 million in her brokerage account, and her husband reportedly had $1.9 million in unvested stocks. The pair also had about $1.5 million between their checking accounts, retirement accounts and life insurance policies.
The New Jersey Democrat’s investment portfolio fared 1.9% worse than the S&P 500, according to insider trading watchdog Unusual Whales.
Luxe properties
Sherrill and her husband also own three homes: a large mansion in wealthy Montclair, a vacation home in Vermont, and the Washington, DC, townhouse.
Zillow records indicate that her Montclair home is worth about $3 million, her vacation home is about $780,000, and her DC home, which she once rented to former Rep. Abigail Spanberger (D-Va.), was pegged at $1.6 million.
Records indicate those three homes have mortgages on them.
Rep. Mikie Sherrill, D-N.J., speaks during an interview in New York City on Friday, May 2, 2025. Sherrill is the New Jersey Democratic nominee for governor. (Victor J. Blue/Bloomberg via Getty Images)
At least two of her children went to the tony Montclair Kimberly Academy, which has tuition as high as $53,340 annually.
Ciattarelli’s wealth
Following pressure from Sherrill’s allies to release more of his tax documentation, the Ciattarelli campaign let media outlets examine 13 years of his tax returns.
While his net worth isn’t fully clear, tax records show that he has raked in close to $14.9 million since 2012 and paid at least $4 million in taxes, the New Jersey Monitor reported.
Ciattarelli, a former state assemblyman, had made his fortune off two medical publication businesses, one of which he sold in 2017, the same year he made $7.1 million in total income, per the outlet.
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Tax records showed that his income fluctuated throughout the years, from $600,946 in 2014 to $854,966 in 2018 and $168,433 in 2022, according to the report.
Additional reporting by Steven Vago and Isabel Vincent
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The Democrats are taking a big gamble by going along with a government shutdown, one that they will probably lose.
The most important reason is that President Trump has a giant megaphone. Hakeem Jeffries and Chuck Schumer simply can’t compete in drawing media attention.
What’s more, while some Americans may blame both sides – can’t they act like adults and work out these budget fights? – the Republicans are blaming the «Democrat Party» for triggering the shutdown.
At yesterday’s White House briefing, itself a key advantage, JD Vance and Karoline Leavitt kept repeating, like a mantra, that the Democrats support «healthcare for illegal aliens.» That is bunk. They aren’t eligible. It’s already against the law, except in emergency situations. But Trump is pounding that message home through sheer repetition.
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Democratic leadership sits at a sizable disadvantage when it comes to government shutdown-related messaging. (J. Scott Applewhite, file/AP Photo)
A Washington Post editorial yesterday says «Democrats just marched into a shutdown trap … Progressives embraced the same disastrous mentality that led the House Freedom Caucus to believe it could come out ahead in previous government funding standoffs: They wrongly assumed their political leverage would withstand the ensuing fallout.»
A few minutes after the briefing, Hakeem Jeffries stepped before the microphones to declare that Republicans don’t want to provide healthcare «to working-class Americans.»
The minority leader said the administration is trying to «jam their extreme right-wing agenda down the throats of the American people … The Republican healthcare crisis is immoral.»
Frankly, it just didn’t sound as forceful or have the same impact.
Vice President JD Vance suggested Senate Minority Leader Chuck Schumer, D-N.Y., is pivoting left for fear of a primary challenge by Rep. Alexandria Ocasio-Cortez. (Alex Brandon, Pool/AP Photo)
Whatever the immediate toll of the shutdown – military people and hundreds of thousands of civilians not getting paid, food stamps on hold – Vance and Leavitt blamed it on Democratic intransigence. (Those laid off will get back pay once the shutdown ends.)
The vice president said Schumer is moving left because he’s terrified of a primary challenge by AOC. She says her only goal is to «stop this madness.»
The president has been more candid, telling reporters: «We can do things during the shutdown that are irreversible, that are bad for them and irreversible by them. Like cutting vast numbers of people out, cutting things that they like, cutting programs that they like.» Now that’s transparency.
The Dems don’t hold the moral high ground when it comes to kick-the-can votes to delay a shutdown, having frequently used the tactic when they were in charge. While Vance says they’d be happy to talk about healthcare during a seven-week delay, the other party feels they would lose whatever leverage they have, and it would be politically humiliating.
The Democrats are making a more complicated argument about healthcare, and that’s a tougher sell for the many millions who don’t follow the news closely.
KFF, which is Kaiser, says those on Obamacare would get socked if tax credits are allowed to expire at year’s end. Average premiums next year would be $888, but without the tax credits, would jump to $1,593 – a 114 percent increase.
That would really cripple the Affordable Care Act and knock millions off the rolls.
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The Dems’ other objection is to deep cuts in Medicaid, despite Trump’s promise to protect the program. But that’s why we have elections. Having lost the House, Senate and White House, the party can’t expect the GOP to make sweeping changes to its preferred budget.
It just so happens – a coincidence, I’m sure – that the administration yesterday halted $18 billion in funding for two major transportation projects in New York City, expansion of the Second Avenue subway and new train tunnels under the Hudson River.
A shot at Schumer’s hometown? Vance says this is a question of «triage,» saving money on such projects to preserve essential services.
But it’s really a case of Trump going after Democratic priorities, as he said he would, since he preserved funding for one of his pet projects, the mission of returning to the moon, which seems less than vital at the moment.
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House Minority Leader Hakeem Jeffries, D-N.Y., appeared outraged by an AI image of him shared online by the president. (Nathan Posner/Anadolu/Getty Images)
What really got Jeffries mad after Monday’s unsuccessful White House meeting was a fake AI image posted by the president. It depicted him as having a handlebar mustache and wearing a huge sombrero, with mariachi music in the background.
Jeffries called the parody «racist» and demanded that the president «say it to my face.»
The bottom line, given the atmosphere of mutual distrust, is that this government closure could drag on for awhile. That would gradually boost the pain level, and the Democrats are already at a disadvantage.
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At this point the opposition party is trying to show the public that it can fight, and that, beyond the healthcare battle, may be its main message.
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EXCLUSIVE: Speaker Mike Johnson, R-La., is accusing Senate Minority Leader Chuck Schumer, D-N.Y., of refusing to vote to end the government shutdown to kowtow to his left-wing base.
Johnson told Fox News Digital in a sit-down interview that Democrats’ refusal to budge on their current position came up in an hour-long call with President Donald Trump Wednesday afternoon.
«[Trump is] very bothered by that, that Chuck Schumer would do this, Democrats would do this, because we haven’t,» the top House Republican said.
He noted that Democrats had voted on a similar measure to what Republicans are offering on 13 different occasions under former President Joe Biden.
SOCIAL SECURITY, AIRPORTS, FOOD STAMPS: HOW ARE YOU AFFECTED DURING A GOVERNMENT SHUTDOWN?
House Speaker Mike Johnson, right, is criticizing Senate Minority Leader Chuck Schumer’s, left, for refusing to agree to a GOP-led plan to avert a government shutdown. (Kent Nishimura/Bloomberg via Getty Images; Tasos Katopodis/Getty Images)
«And even when the Republicans were in the minority, we did the right thing to keep the government open. And we fully expected that Schumer would do that again, as he always has, but not this time,» Johnson said.
«This is a selfish political calculation he’s made, that he’s got to prove to the far left that he’s going to fight Trump or something. So, we talked about our frustration with that.»
He said Trump appeared «happy» that Republicans remain unified in their federal funding stance but was concerned about the effects of a prolonged shutdown on everyday Americans.
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«But the reason we’re happy about that is because we know we’re doing the right thing for the American people,» Johnson said. «And Chuck Schumer and the Democrats are demonstrating that they are willing to inflict this pain upon the people for their own political purposes. And I think that is a tough thing for them to get over.»
He said of a meeting between congressional leaders and Trump that occurred Monday: «I tried my best in the White House, and he just is in no mood to have a real discussion about these issues. So, we are where we are.»
President Donald Trump, right, salutes Air Force Col. Christopher M. Robinson, commander, 89th Airlift Wing, before boarding Marine One upon his arrival at Joint Base Andrews, Maryland, Friday, Sept. 26, 2025. (AP Photo/Luis M. Alvarez)
Senate Democrats have now rejected a GOP-led plan to fund federal agencies through Nov. 21 three times.
The measure is called a continuing resolution (CR) and is aimed at buying House and Senate negotiators more time to reach a deal on fiscal year 2026 federal funding priorities.
The CR would keep current federal funding levels roughly flat while adding an extra $88 million in security spending for lawmakers, the White House and the judicial branch.
Democrats, furious at being largely sidelined in funding discussions, have signaled they would not accept any bill that does not also extend Obamacare tax subsidies that were enhanced during the COVID-19 pandemic. Those enhanced subsidies are due to expire at the end of this year.
But Johnson, who called the Obamacare subsidies an «end-of-year issue,» argued that the bill was a simple extension of federal funding, leaving Republicans with no realistic path for concessions.
Sen. Majority Leader John Thune, R-S.D., speaks with reporters near his office on Capitol Hill Sept. 18, 2025, in Washington. (AP Photo/Mariam Zuhaib)
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«If it was not clean and simple, if I had loaded it up with a bunch of Republican partisan priorities, then there would be something for us to negotiate. I could take those things off and offer it again. I sent it over with nothing attached at all,» he said.
«It quite literally is just buying us time to finish the appropriations process, which was being done in a bipartisan manner. So, I don’t have anything to give, there’s nothing I can give. And Chuck Schumer has made such outrageous counter-demands and proposals that he’s the one that has to come to his senses.»
He was referring to Democrats’ counter-proposal for a CR, which would have repealed the Medicaid reforms made in Republicans’ One Big, Beautiful Bill, while restoring funding for NPR and PBS that was cut by the Trump administration earlier this year.
Fox News Digital reached out to Schumer’s office for a response but did not hear back by press time.
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