Troy Downing
Photo: U.S. House of Representatives, Public domain, via Wikimedia Commons

Troy Downing Net Worth

U.S. Representative for Montana
RepublicanHouseMontanaMillionaire
Estimated net worth (midpoint)
$15M
Range: $5.75M to $24.2M
Source: U.S. House Clerk, 2025 annual report filed August 13, 2026. Updated November 2, 2026.
How to read this: members of Congress report each asset and debt in a value band (for example, $1,001 to $15,000), not an exact amount. We add up the low ends and the high ends, then subtract debts the same way, to get the widest possible range. The midpoint is simply the middle of that range, not a measured value. The forms do not include a home the official lives in (unless it earns rent), cars and personal belongings, or federal retirement savings such as the Thrift Savings Plan, so true net worth can be higher.

Troy Downing’s net worth over time

$0$10M$20M$30MTook office (Jan 2025) ▸Cand. 2023: $4.57M to $18.8M (Candidate report, filed February 29, 2024)2024: $2.74M to $13.7M (2024 report (new member), filed July 14, 2025)2025: $5.75M to $24.2M (2025 annual report, filed August 13, 2026)Midpoint $11.7MMidpoint $8.21MMidpoint $15M2023candidate20242025

Swipe the chart to see every year →

Disclosed range (low to high)MidpointTook office

His first report in the online database covers 2023, before he took office in 2025, so the chart starts before his first day in office. Every bar is one official report, added up the same way. Nothing is filled in between reports. Tap or hover a bar for details.

See every year as a table
YearNet worth rangeMidpointSource
Cand. 2023$4.57M to $18.8M$11.7MCandidate report, filed February 29, 2024
2024$2.74M to $13.7M$8.21M2024 report (new member), filed July 14, 2025
2025$5.75M to $24.2M$15M2025 annual report, filed August 13, 2026

Since taking office

+$1.18M
change in the low end ($4.57M → $5.75M)
+$5.35M
change in the high end ($18.8M → $24.2M)
+$3.27M
change in the midpoint ($11.7M → $15M)

Compares the candidate report from 2023, filed before taking office with the 2025 report, using the same method for both. Changes can come from a spouse’s assets, market moves, property values, new debts or how filers choose bands, and the forms do not say which. We do not guess.

What the latest report lists

H and T Holdings, LLC: San Diego Property (San Diego, CA)$1M–$5M
Living Trust of Troy Downing: American Bank Checking and CDs$1M–$5M
Moose Drool Properties LLC: Big Sky Property (Big Sky, MT)$1M–$5M
Specialized Storage Management Holdings LLC: American Bank Checking and CDs$1M–$5M
Debt: Property Loan, Chase Bank, spouse$50K–$100K

From the 2025 report filed August 13, 2026. Highlights only. The full report is linked in the sources below.

Where the money comes from

Congressional salaryBank and cash accountsMutual funds and ETFsReal estateStocks

Main sources named in the disclosures and the reporting we cite. The forms don’t split the total into exact amounts, so we don’t show percentages.

Troy Downing reported household assets minus debts of $5.75M to $24.2M, a midpoint of about $15M, on his latest financial disclosure (2025 annual report, filed August 13, 2026).

Troy Downing has represented Montana's 2nd congressional district since 2025. He is a businessman and a member of the Republican Party.

He ran for the U.S. Senate in 2018, placing third in the Republican primary, and was Montana State Auditor from 2021 to 2025. In 2024 he won the House seat left open by Matt Rosendale, defeating former state House speaker John Driscoll. His first report shown here is a candidate report covering 2023, before he took office.

What his 2025 disclosure shows

The report he filed on August 13, 2026 covers 2025. It lists 48 assets with a value, adding up to $5.9 million to $24.3 million. The largest are H and T Holdings, LLC: San Diego Property (San Diego, CA) ($1M–$5M); Living Trust of Troy Downing: American Bank Checking and CDs ($1M–$5M) and Moose Drool Properties LLC: Big Sky Property (Big Sky, MT) ($1M–$5M). Another eight items are listed with no value or an undetermined value, such as a pension, so they are not counted.

On the debt side, the report lists one debt, a property loan with Chase Bank, owed by the spouse, in the $50K–$100K band. Subtracting debts the same way gives a range of $5.8 million to $24.2 million, with a midpoint of about $15 million.

How the range has changed

Using the same method for every year, the midpoint of his disclosed range went from about $11.7 million on his 2023 report to about $15 million on his 2025 report. The lowest was about $8.2 million, in 2024. The chart shows three reports from 2023 to 2025, each added up the same way, and nothing is filled in between them.

These are ranges built from the value bands on each form, not exact values. They move with market prices, property values, new or paid-off debts and the bands a filer picks, and the forms do not say which of these caused a change. Like every member of Congress, Downing does not have to report a home he lives in, cars and personal belongings, or federal retirement savings such as the Thrift Savings Plan, so his real net worth could be higher than these forms show.

Career and money timeline

  1. 2018

    Runs in the Republican primary for the U.S. Senate.

  2. 2021

    Becomes Montana State Auditor (to 2025).

  3. 2023

    Earliest report in the House's online database: range of $4.6 million to $18.8 million (midpoint $11.7 million).

  4. 2025

    Takes office in the U.S. House.

  5. 2025

    Latest report: range of $5.8 million to $24.2 million (midpoint $15 million).

Troy Downing net worth FAQ

What is Troy Downing's net worth?

Troy Downing's 2025 financial disclosure puts household assets minus debts at $5.75M to $24.2M, a midpoint of about $15M. Officials report values in ranges, so this is an estimate, not an exact figure.

Where does this number come from?

From Troy Downing's official annual financial disclosure, filed with the Clerk of the House on August 13, 2026. We add up every asset and debt band on the form. The same method is used for every year on the chart.

Has Troy Downing's net worth changed since taking office?

Compared with the candidate report, the low end of the range went from $4.57M to $5.75M and the high end from $18.8M to $24.2M.

What are Troy Downing's largest assets?

On his 2025 report, the largest holdings are H and T Holdings, LLC: San Diego Property (San Diego, CA) ($1M–$5M); Living Trust of Troy Downing: American Bank Checking and CDs ($1M–$5M); Moose Drool Properties LLC: Big Sky Property (Big Sky, MT) ($1M–$5M). Values are reported in bands, not exact amounts.

Sources

  1. Clerk of the U.S. House, Financial Disclosure Reports database (accessed November 2, 2026). Filings used for the chart:
  2. House Committee on Ethics, Financial Disclosure Instruction Guide (calendar year 2025). What is and isn’t reported.
  3. Background facts: Wikipedia, Troy Downing (accessed November 2, 2026). Used for career facts only, never for figures.

Photo: U.S. House of Representatives, Public domain, via Wikimedia Commons.

Every number on this page comes from an official filing or the named report next to it. We never fill in years with our own guesses, and this page is not a judgment about how the money was made. How we handle estimates.