Kevin McCarthy’s Total Wealth

Bank of New York Mellon Corp’s CEO and General Counsel, Kevin McCarthy, is estimated to have a current total wealth of approximately $14.39 million.

Kevin McCarthy owns approximately 98,102 units of Bank of New York Mellon Corp’s common stock. In the past 8 years, Kevin McCarthy has estimated sales worth $13.98 million in Bank of New York Mellon Corp.

Kevin McCarthy’s Previous Insider Trading

On February 12, 2021, Kevin McCarthy’s largest purchase order was for 30,478 units, valued at more than $786.35K. On April 21, 2021, Kevin McCarthy’s largest sale order was for 35,000 units, valued at more than $1.64 million.

In total, Kevin McCarthy has conducted approximately 39 transactions in Bank of New York Mellon Corp during his tenure. Kevin McCarthy typically conducts business in February, with the busiest years being 2023, 2021, 2022, and 2020. His most recent transaction was a sale order of 35,000 units, with a value of over 1.62 million dollars on July 21, 2023.

Early Life

Kevin McCarthy is the youngest of three children, born to a homemaker mother and a firefighter father who eventually became a fire chief.

He spent his formative years in Bakersfield, a vibrant city in Southern California renowned for its prominence in both agriculture and oil production. McCarthy’s family has deep-seated roots in Kern County, the very heart of Bakersfield, spanning four generations.

Upon completing his high school education, McCarthy embarked on a brief academic journey at a community college. It was during this period that he ventured into the world of entrepreneurship, acquiring and revitalizing a pre-owned vehicle in the bustling metropolis of Los Angeles, ultimately selling it at a profit.

Then, in October 1984, at the tender age of 20, fortune smiled upon him when he purchased a lottery ticket that turned out to be a winning ticket worth $5,000.

This episode forms a central part of McCarthy’s often-told origin story in politics, where he explains how that unexpected moment set him on the path to entrepreneurship. After investing his profits in the stock market, McCarthy used his earnings to buy a small business, Kevin O’s Deli, located in a dairy shop owned by his aunt and uncle in Bakersfield (in the process, he resumed school).

McCarthy has leveraged this tale to position himself as a small business owner sharing his experience and poking fun at excessive government regulation.

In due course, McCarthy made the decision to divest his business, and he utilized the proceeds to re-enroll in college in the year 1987. He diligently pursued his studies, leading to the attainment of a Bachelor of Business degree in 1989 and later, a Master’s degree in Business Administration in 1994, both from the esteemed California State University located in Bakersfield.

His interest in politics grew amid the backdrop of the ideological contrast between Jimmy Carter’s malaise and Ronald Reagan’s optimism during his high school years. In the year McCarthy returned to school, he also began to establish connections in politics, initially working as an intern. His experience as a legislative staffer for an extended period before becoming a member of Thomas’s staff had a significant impact on his life.

Personal Life

As a child, McCarthy had to overcome speech-related challenges and worked with a speech therapist. He also worked with a physician, an experience occasionally highlighted due to his occasional strangeness as a public speaker.

Even though he didn’t stand out as an academic star, McCarthy left an indelible mark as a pivotal player on the Bakersfield High School football squad. Though not exceptional in the team, he was inducted into the school’s Athletic Hall of Fame in 2014, as McCarthy and the school agreed that his political connections exceeded his athletic skills.

During his high school biology class, he crossed paths with Judy Wages, a young woman who would later become his life partner in 1992. Together, they have a son named Connor and a daughter named Meghan.

Political Journey

During the 1990s, following his tenure as the California Young Republicans’ Chairman, Kevin McCarthy assumed the presidency of the Young Republican National Federation, a role he held from 1999 to 2001. His initial elected post came in 2000 when he became a member of the Kern County Community College District Board of Trustees.

Remarkably, within three years, not only did he secure a seat in the California Assembly in 2002, but he also embraced Republican affiliation for the very first time at the age of 38. This transformation was likely due to a combination of Thomas’ influence and McCarthy’s successful fundraising skills.

In 2006, following Thomas’ decision to retire, McCarthy secured victory in the election to represent the reliably Republican seat in the United States House of Representatives. His prominence in Washington also grew rapidly. While McCarthy’s grasp on policy details and his commitment to any particular ideology have been questioned throughout his entire political career, some observers have never doubted his emotional intelligence.

Arguably, relationship-building is McCarthy’s greatest skill, evident from his work with colleagues, knowledge of their personalities, histories, priorities, and quirks – gleaned through his extensive study of lawmakers’ detailed profiles in the pantheon of American politics.

McCarthy secured re-election to Congress in 2008, starting a series of consecutive wins that would extend all the way through 2020.

In 2009, he became the Chief Deputy Whip of the House Republicans, helping Whip Eric Cantor. (The whip ensures that all members of a party vote in the same way on key legislation.) Following the Republican victory in the 2010 midterm elections, with Cantor taking on the role of Majority Leader, McCarthy stepped into the position of Majority Whip.

He also co-authored “Young Guns: A New Generation of Conservative Leaders” in 2010 with Cantor and future House Leader Paul Ryan. In 2014, following Cantor’s primary defeat, McCarthy once again took Cantor’s place, this time as Majority Leader.

McCarthy’s much-anticipated rise to the position of Speaker of the House seemed imminent when John Boehner was essentially compelled to step down in 2015. However, his candidacy was weakened by rumors of extramarital infidelity (which McCarthy denied) and some conservatives’ belief that he was not sufficiently conservative,