Brett Kavanaugh may become the ‘poorest’ Supreme Court justice

Brett Kavanaugh may be a “brilliant” jurist, according to the person who’s nominating him to the Supreme Court, but his finances are actually pretty mundane.

At least six — and perhaps as many as all eight — U.S. Supreme Court justices are worth at least $1 million, according to the Center for Public Integrity. Not Kavanaugh, who was nominated by President Donald Trump Monday night to the Supreme Court.

Related: Supreme Court nominee Brett Kavanaugh seen by conservatives as a legal superstar

As of Dec. 31, Kavanaugh had between $15,001 and $50,000 in an interest-bearing Bank of America BAC, -0.33%  account, and less than $15,000 in Vanguard funds within a 401(k) plan offered by the Employee Retirement System of Texas, according to his financial disclosure form.

He has fully paid off a loan from a thrift savings plan, as well as a credit-card account from JPM, +0.20% that appeared in a previous disclosure plan.

Not every Supreme Court justice has such a bland portfolio. According to watchdog group Fix The Court, Chief Justice John Roberts and Justices Stephen Breyer and Samuel Alito owned shares in 44 companies at the end of 2017. The justices also make money from teaching and book royalties.

None of the justices are required to disclose what’s often their most valuable asset, their home.

Related: Trump set to make Supreme Court even more pro-business with Kavanaugh pick

If he’s confirmed, Kavanaugh is due to get a raise from the $220,600-per-year salary for circuit judges to the $255,300 a Supreme Court associate justice pulls in.

When the 53-year-old steps down, he’ll be eligible for a hefty pension of his highest full salary, as long as he meets minimum service requirements (it’s a formula that, in Kavanaugh’s case, would require him to serve at least until he’s 68.)

Source: Read Full Article