Markwayne Mullin, the junior United States senator from Oklahoma, has not only made a significant impact in the political arena but has also carved a successful path in the business world, amassing a notable net worth along the way.
Before entering the realm of politics, Mullin was a seasoned businessman, owning various enterprises such as Mullin Properties, Mullin Farms, and Mullin Services, in addition to his family’s plumbing business, Mullin Plumbing. His entrepreneurial ventures laid the groundwork for a career marked by success and financial growth.
In 2012, Mullin reported substantial income ranging from $200,000 to $2 million from his family companies. Additionally, he held shares in a bank, adding another $15,000 to $50,000 to his reported income. This financial snapshot showcased the diverse portfolio that contributed to Mullin’s economic standing.
As the years progressed, so did Mullin’s financial success. By the end of 2021, his reported assets had seen a substantial increase, ranging between $31.6 million to $75.6 million. This significant surge in wealth was attributed to the sale of his plumbing-related companies to HomeTown Services, a prominent multi-state residential services company specializing in heating, air conditioning, plumbing, and electrical services.
The transaction, which took place in early 2021 while Mullin was serving in the House of Representatives, represented a strategic move that not only diversified his investment portfolio but also contributed to the notable growth in his reported assets.