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Sunday, May 22, 2016

 10:40 AM 

Johnson's personal wealth far outstrips Feingold's

U.S. Sen. Ron Johnson had three investments in 2015 that each were valued at significantly more than Dem rival Russ Feingold's net worth, according to their financial disclosure statements. 

Altogether, Johnson and his wife reported assets of at least $13.4 million and as much as just under $60 million in his annual economic disclosure form. Feingold, meanwhile, reported between $328,000 and $795,000 in assets between he and his wife.

Feingold also listed a salary last year from Stanford University. Johnson's campaign has sought to make an issue out of Feingold's work there.

Because assets are reported as ranges, Johnson's and his spouse's assets could be valued as low as $13.4 million or as high as just under $60 million. Of that total, between $300,000 and $600,000 is attributed to his wife, Jane. 

Johnson's holdings included a 5 percent ownership interest in PACUR, the manufacturing company he helped found three decades ago. 

The report pegged that asset at between $1 million and $5 million. Johnson listed gross receipts from the company of $4.9 million before expenses, and income from the investment of between $100,001 and $1 million. That's up from income of between $50,001 and $100,000 in 2014 on gross receipts of $4.65 million. 

Johnson was Pacur's CEO for 13 years and received $10 million in deferred compensation when he left to run for the Senate. He pumped nearly $9 million of his own money into his 2010 campaign. 

After Pacur, Johnson's other largest source of income was from a commercial rental real estate company he owns with his wife. The report valued the company at between $5 million and $25 million and showed income of between $100,001 and $1 million. Johnson also reported a Charles Schwab & Co. Inc. money market account jointly held with his wife and valued between $5 million and $25 million. 

Johnson reported no liabilities exceeding $10,000. 

Feingold's primary source of income was $150,000 from Stanford University, where he was a visiting professor. 

Feingold also listed $7,079 in income from a state of Wisconsin pension. Feingold was a state senator for a decade before joining the U.S. Senate in 1993. He served 18 years in the Senate before losing the seat to Johnson in 2010. 

Feingold's personal assets range between $30,000 and $100,000, but also include his state pension, for which the value is listed as "unascertainable." Feingold's wife, Christine Ferdinand, was reported as holding assets of between $298,000 and $695,000. 

Feingold's largest assets include a checking account with U.S. Bank and a Marquette University Retirement account, both valued at between $15,001 and $50,000. The report shows his wife holds a savings account with the Bank of New Zealand valued at between $250,001 and $500,000. The report also showed she holds savings accounts with Lloyds Bank of London and the Yorkshire Building Society, each valued at between $15,001 and $50,000, and a New Zealand State Pension, also valued between $15,001 and $50,000. 

Feingold also reported between $50,001 and $100,000 in liabilities in the form of a home equity line of credit with U.S. Bank. 

-- By David Wise


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