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Just saw that Representative Rick W. Allen took a pretty significant hit in the markets last month - down about $164.8K according to Quiver Quantitative's tracking. Interesting to see how even politicians' portfolios are feeling the pressure.
So here's the thing about Rick Allen's net worth - it's sitting around $22.1M as of their latest estimates, which puts him pretty high up in Congress rankings. Not bad. What caught my eye is that he's got about $4.7M actually deployed in stocks that people can track. The rest is probably in other assets. When you look at Rick Allen's net worth movements over time, it gives you a sense of how the broader market swings are hitting even the big money players.
Looking at his actual trades, Allen's been pretty active. He sold $250K of SSB back in March 2023 - that stock's up 11.62% since. Then there's his $100K AMP purchase in April 2024, up 9.12%. But not all his picks have worked out - he bailed on $100K of VZ in January 2021 and that one's down 22.7% since. His INTU sale from October 2019 though? That's up 120% now, so timing matters.
The Rick Allen net worth snapshot also shows he raised $4.4K in Q4 fundraising and had $1.2M cash on hand. Anyway, it's a good reminder that even with serious wealth, market volatility hits everyone's portfolio. Makes you think about diversification.