Disclosure Form: Franken Worth $4.3M to $9.9M
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
WASHINGTON — Al Franken, a comedian and best-selling author before launching his Senate campaign this year, is worth between $4.3 million and $9.9 million, according to a financial disclosure form he filed with the Senate.
Mr. Franken, a Democrat who hopes to challenge Senator Coleman of Minnesota next year, listed a salary of just over $1 million last year from his corporation, Alan Franken Inc.
That corporation is the business entity that provides Mr. Franken’s services — such as speaking engagements and his prior service on Air America Radio — and then pays Mr. Franken a salary at the end of the year after commissions, taxes, and other fees are paid, his campaign spokesman, Andy Barr, said.
The disclosure reports require figures to be reported only in broad ranges. Mr. Barr said that Mr. Franken’s net worth is closer to $4.3 million than $9.9 million.
Even on the low end, that would easily eclipse Mr. Coleman, a Republican who listed only an IRA rollover valued at $564,000 in his assets. Mr. Coleman’s report voluntarily provided the exact market value.
