May 18th, 2010
04:54 PM ET
4 years ago

Kagan worth nearly $1.8 million

Washington (CNN) - Supreme Court nominee Elena Kagan declared a net worth of nearly $1.8 million in documents released Tuesday by the Senate Judiciary Committee.

Kagan, 50, reported almost $740,000 in cash on hand and in banks, as well as more than $820,000 in retirement funds. She reported no financial liabilities.

The financial disclosure was included in a several-hundred-page response submitted by Kagan to the committee's bipartisan questionnaire, a document exploring every high court nominee's academic, legal, and financial record, among other things.

Nine boxes of material were submitted to the committee Tuesday afternoon, and posted online shortly thereafter.

Kagan revealed in her response that she was first told by the White House that Obama was considering her for a Supreme Court appointment on March 5 - a little over one month before Justice John Paul Stevens announced his retirement. Meetings with Vice President Joe Biden and Obama followed on April 27 and April 30, respectively.

Kagan, who also was considered for the vacancy filled by Justice Sonia Sotomayor last year, said Obama told her on May 9 that he wanted to nominate her to the high court. Her nomination was publicly announced the next day.

Kagan noted in the questionnaire that she has never performed lobbying activities for any client or organization.

The questionnaire was released shortly after Kagan wrapped up another series of meetings with senators on Capitol Hill - part of the process of laying the groundwork for her upcoming confirmation hearings.

Kagan met with Democratic Sens. Sheldon Whitehouse of Rhode Island, Patty Murray of Washington, Al Franken of Minnesota, and Debbie Stabenow of Michigan.

She also huddled behind closed doors with GOP Sens. John Cornyn of Texas and Lindsey Graham of South Carolina.

Democrats have offered overwhelming praise for the 50-year-old nominee, claiming she would be a fair, independent member of the high court and a worthy replacement for retiring Justice John Paul Stevens. Republicans have questioned, among other things, Kagan's lack of experience on the federal bench and whether she would act independently of President Barack Obama's agenda.

They've also strongly criticized Kagan, currently the Justice Department's solicitor general, for her efforts to block military recruiters from Harvard University during her time as the school's law school dean because of the military's "don't ask, don't tell" policy. The policy, opposed by Obama, prevents gays and lesbians from serving openly in the armed forces.

If confirmed, Kagan would become the third woman on the current nine-member bench and the fourth woman in the court's history.

Updated: 5:35 p.m.

– CNN's Alan Silverleib, Bill Mears, and Tom Cohen contributed to this report.


Filed under: Elena Kagan • Supreme Court
soundoff (33 Responses)
  1. NJ Pilot

    My Dad came to N. America on a cargo ship. Our family was poor growing up but my folks believed in education. They sent me and my siblings to state colleges. With a little effort on our part, we did OK. I'm worth about what Ms. Kagan is worth and my siblings are similar.
    It amazes me to hear some of these losers describe Kagan as a "rich elitist". Maybe if you turned off those poisonous AM radio shows and got out and tried to better yourselves, you'd have a few bucks in the bank and less to gripe about.

    May 18, 2010 07:21 pm at 7:21 pm |
  2. Sniffit

    ha, so this should put all tha equal pay for women stuff to rest

    she has more money than me

    silly beaver

    May 18, 2010 07:51 pm at 7:51 pm |
  3. Dave

    That's really not that much... She's been working for many years.

    May 18, 2010 07:51 pm at 7:51 pm |
  4. Holding Up A Mirror

    Isn't this out of the ordinary ... we've never talked about the net worth of a Supreme Court nominee.

    May 18, 2010 08:01 pm at 8:01 pm |
  5. honestmistake

    She will certainly understand the common man's issues, then.

    May 18, 2010 08:16 pm at 8:16 pm |
  6. Ken, AZ

    To those of you who think that $1.5 millioin for a 51 year old Harvard lawyer, professor, and high ranking government official is a lot, what must you think of the majority of Republicans in congress and the senate. At least she came by her honestly. Ask your senator, who's been in congress for the past 30 years how he made his millions on an annual salary of less that $200,000.

    May 18, 2010 08:19 pm at 8:19 pm |
  7. SJ in California

    That may sound like a big number, but it doesn't sound unusual for a prudent, fiscally conservative professional her age. Apparently she's been working all her lfe and living within her means. She's done well, but isn't obscenely wealthy. Sounds like a lot of responsible people I know.

    May 18, 2010 08:19 pm at 8:19 pm |
  8. Ben

    That's an awful lot of money for an avowed Socialist. She apparently has no problem accumulating wealth. Is she gonna lecture the rest of us about the evils of wealth? Wouldn't surprise me at all.

    May 18, 2010 08:30 pm at 8:30 pm |
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