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Who Funds My Rep? › Kelly Morrison

Kelly Morrison Net Worth (2025 Financial Disclosure)

Democrat · MN-03 · House

Net worth, as disclosed

$20M to $70M

Midpoint $45M, used for rankings

Assets ~$46M · Debts ~$1.2M · Net ~$45M

Kelly Morrison's net worth is between $20M and $70M, a midpoint of $45M, according to the 2025 annual financial disclosure, filed August 12, 2026, the most recent personal financial disclosure on file with the House Clerk.

The filing lists 241 assets valued at $22M to $71M and 3 liabilities of $800K to $1.6M. 3 assets reported only as "over $1,000,000" or "over $50,000,000" are carried at a standard cap, so the true top end may be higher.

View the original filing (PDF, House Clerk) · Document 10075173 · Updated

Ranks #25 of 438 House members by estimated net worth, #16 of 262 Democrats, #1 of 10 from Minnesota. Richest members of Congress, ranked · All Democrats ranked

Biggest assets (10 of 241)

  • Investment Fund ⇒ Callanish Capital Partners LP — $5M–$25MHedge fund or private equity · Joint · Partnership Income $1,000,001 - $5,000,000
  • Brokerage Account 1 ⇒ Fidelity Treasury Money Market Fund (FZFXX) — Over $1M (spouse or child)Mutual fund · Spouse · Interest $50,001 - $100,000
  • Deferred Compensation Program ⇒ BlackRock LifePath Index 2030 Port Insti Shs (LINIX) — Over $1M (spouse or child)Mutual fund · Spouse
  • Retirement Account 1 (401k) ⇒ BlackRock LifePath Index 2030 Port Insti Shs (LINIX) — Over $1M (spouse or child)Mutual fund · Spouse · Tax-Deferred
  • Rental Property 1 — $500K–$1MReal property · Rent $5,001 - $15,000
  • Retirement Account 2 (401k) ⇒ Vanguard Index Trust Extended Market Index Fd Instl Shs (VIEIX) — $500K–$1MMutual fund · Spouse · Tax-Deferred
  • Trust 2 ⇒ Microsoft Corporation - Common Stock (MSFT) — $500K–$1MST · Spouse · Dividends $2,501 - $5,000
  • Trust 8 ⇒ iShares Core MSCI EAFE ETF (IEFA) — $500K–$1MExchange-traded fund · Spouse · Dividends $15,001 - $50,000
  • Trust 8 ⇒ iShares Core S&P 500 ETF (IVV) — $500K–$1MExchange-traded fund · Spouse · Dividends $5,001 - $15,000
  • Trust 8 ⇒ Vanguard S&P 500 ETF (VOO) — $500K–$1MExchange-traded fund · Spouse · Dividends $5,001 - $15,000

Values are the bands the filer checked, as of December 31, 2025.

Liabilities (3)

  • Home Mortgage — Wells Fargo Home Mortgage (D.C.) (April 2025) — $500K–$1M
  • Line of Credit — Wells Fargo (April 2025) — $250K–$500K
  • Home Mortgage — Wells Fargo Home Mortgage (MN) (December 2012) — $50K–$100K

Filings on record (1)

Figures updated November 7, 2026. An amended report replaces the original it amends; new House filings are checked weekly.

How this figure is calculated, and what it leaves out

  • Every asset and liability on the filing is reported as a value band ($1,001–$15,000, $15,001–$50,000 … $5,000,001–$25,000,000), never an exact figure.
  • Low end of net worth = the bottom of every asset band added together, minus the top of every liability band.
  • High end = the top of every asset band, minus the bottom of every liability band.
  • The estimate is the midpoint of that range. It is a central guess, not a measurement.
  • The home rule: a member must report a mortgage on their own home but need not list the home unless it earns rent. When a filing lists no real property at all, its mortgages and home-equity loans are shown but not subtracted, since the home they are secured by is not counted either. A filing that lists any property keeps all its debts.

The disclosure does not have to include:

  • A personal residence that produces no rental income (listing it is optional).
  • Personal property such as cars, furniture, art and jewelry.
  • Federal salary ($174,000 for most members) and federal retirement benefits.
  • Assets worth $1,000 or less, and income under $200 per source.
  • Liabilities under $10,000, and some vehicle, family and tax debts.
  • Anything inside a qualified blind trust approved by the Ethics Committee.

Full methodology

Frequently asked

What is Kelly Morrison's net worth?

Kelly Morrison's net worth is between $20M and $70M, a midpoint of $45M, according to the 2025 annual financial disclosure, filed August 12, 2026, the most recent personal financial disclosure on file with the House Clerk. The filing lists 241 assets valued at $22M to $71M and 3 liabilities of $800K to $1.6M. 3 assets reported only as "over $1,000,000" or "over $50,000,000" are carried at a standard cap, so the true top end may be higher.

What are Kelly Morrison's biggest assets?

The largest holdings on the 2025 filing are Investment Fund ⇒ Callanish Capital Partners LP ($5M–$25M, joint); Brokerage Account 1 ⇒ Fidelity Treasury Money Market Fund (FZFXX) (Over $1M (spouse or child), spouse); Deferred Compensation Program ⇒ BlackRock LifePath Index 2030 Port Insti Shs (LINIX) (Over $1M (spouse or child), spouse). The filing lists 241 assets in all.

How much debt does Kelly Morrison report?

3 liabilities: Home Mortgage with Wells Fargo Home Mortgage (D.C.) ($500K–$1M); Line of Credit with Wells Fargo ($250K–$500K); Home Mortgage with Wells Fargo Home Mortgage (MN) ($50K–$100K). $800K to $1.6M of this is subtracted from the assets. Only debts over $10,000 must be disclosed.

Is Kelly Morrison one of the richest members of Congress?

By the midpoint of the disclosed range, Kelly Morrison ranks #25 of 438 House members whose filings have been processed, and #16 of 262 Democrats. Ranks compare midpoints of wide ranges, so a member a few places away may well be wealthier.

Why do other sites show a different net worth for Kelly Morrison?

The $45M shown here is the midpoint of the range Kelly Morrison's 2025 filing supports, as of December 31, 2025. It subtracts $800K to $1.6M in reported debts; the assets alone have a midpoint of about $46M, which is nearer to what estimates that leave debts out will show. 3 assets reported only as "over $1,000,000" or "over $50,000,000" are counted at a standard cap, which understates the top. Sites that price stocks at current market value, add an estimate for a home or personal property the filing need not list, or quote the top of the range will come out differently.

Why is Kelly Morrison's net worth a range and not a number?

Members of Congress report each asset and debt in a value band, not an exact amount, and a few bands have no top ("over $50,000,000"). Adding the bottoms gives the lowest net worth the filing supports and adding the tops gives the highest; the true figure is somewhere between. The midpoint shown is an estimate for comparison, not a measurement.

What does Kelly Morrison's financial disclosure leave out?

By law the report need not include a personal residence that produces no rental income (listing it is optional); personal property such as cars, furniture, art and jewelry; federal salary ($174,000 for most members) and federal retirement benefits; assets worth $1,000 or less, and income under $200 per source; liabilities under $10,000, and some vehicle, family and tax debts; anything inside a qualified blind trust approved by the Ethics Committee.

Where does this net worth figure come from?

From Kelly Morrison's own 2025 annual financial disclosure, filed August 12, 2026, published as a PDF by the Clerk of the House of Representatives under the Ethics in Government Act. Who Funds My Rep? reads Schedule A (assets and income) and Schedule D (liabilities) from the filing and applies the same range arithmetic used by newsrooms. The original filing is linked on this page.

Why other sites show different figures

The $45M shown here is the midpoint of the range Kelly Morrison's 2025 filing supports, as of December 31, 2025. It subtracts $800K to $1.6M in reported debts; the assets alone have a midpoint of about $46M, which is nearer to what estimates that leave debts out will show. 3 assets reported only as "over $1,000,000" or "over $50,000,000" are counted at a standard cap, which understates the top. Sites that price stocks at current market value, add an estimate for a home or personal property the filing need not list, or quote the top of the range will come out differently.

  • Debts are subtracted. We subtract the liabilities on the filing, margin loans and mortgages on listed property included. Estimates that leave debts out, Quiver Quantitative's for one, come out higher, sometimes by tens of millions of dollars. The one debt we do not subtract is a mortgage on a home the filing does not list (the home rule), because the home itself is not counted.
  • Value bands, not market prices. The filing reports each asset as a value band ($5,000,001–$25,000,000), never a price, and we use the midpoint of the resulting range. Trackers that estimate current market value from stock trades and share prices will differ, most of all for members with large stock holdings near the top of their bands.
  • The date. Our figure is as of December 31 of the reporting year, the date the filing describes. Sites that move with the markets reflect any gains or losses since then.
  • What the filing leaves out. A home that earns no rent, cars, art and other personal property need not be listed. Some outlets add their own estimates for these; we count only what is on the filing.
  • Open-ended bands and older data. Spouse assets reported only as "over $1,000,000" and assets "over $50,000,000" have no top, so every method has to pick a value for them. Older databases (OpenSecrets' member profiles still show 2018 figures) and news reports that quote the top of a range will disagree as well.

How we calculate net worth

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