Kelly Morrison
Photo: Ike Hayman, House Creative Services, Public domain, via Wikimedia Commons

Kelly Morrison Net Worth

U.S. Representative for Minnesota
DemocratHouseMinnesotaMillionaire
Estimated net worth (midpoint)
$40M
Range: $21.3M to $58.8M
Source: U.S. House Clerk, 2025 annual report filed August 12, 2026. Updated November 3, 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. We also leave out mortgages on homes the report does not list as assets, because the homes themselves are not counted either.

Kelly Morrison’s net worth over time

$0$20M$40M$60M$80MTook office (Jan 2025) ▸2024: $19.7M to $57.8M (Amendment to 2024 annual report, filed July 20, 2025)2025: $21.3M to $58.8M (2025 annual report, filed August 12, 2026)Midpoint $38.7MMidpoint $40M20242025

Swipe the chart to see every year →

Disclosed range (low to high)MidpointTook office

Her first report in the online database covers 2024, before she took office in 2025, so the chart starts before her 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
2024$19.7M to $57.8M$38.7MAmendment to 2024 annual report, filed July 20, 2025
2025$21.3M to $58.8M$40M2025 annual report, filed August 12, 2026

Since the earliest online report (2024)

+$1.58M
change in the low end ($19.7M → $21.3M)
+$979K
change in the high end ($57.8M → $58.8M)
+$1.28M
change in the midpoint ($38.7M → $40M)

Compares the 2024 report with the 2025 report, using the same method for both. Her first report in the online database covers 2024, before she took office in 2025, so the chart starts before her first day in office. 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

Investment Fund: Callanish Capital Partners LP, joint$5M–$25M
Rental Property 1 (Alta, UT)$500K–$1M
Retirement Account 2 (401k): Vanguard Index Trust Extended Market Index Fd Instl Shs (VIEIX), spouse$500K–$1M
Trust 2: Microsoft Corporation – Common Stock (MSFT), spouse$500K–$1M
Debt: Line of Credit, Wells Fargo, joint$250K–$500K
Two mortgages on homes not listed as assets (left out of our totals)$550K–$1.1M

From the 2025 report filed August 12, 2026. Highlights only. The full report is linked in the sources below.

Where the money comes from

Congressional salarySpouse's investmentsStocksMutual funds and ETFsBank and cash accountsU.S. Treasury securities

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.

Kelly Morrison reported household assets minus debts of $21.3M to $58.8M, a midpoint of about $40M, on her latest financial disclosure (2025 annual report, filed August 12, 2026).

Kelly Morrison has represented Minnesota's 3rd congressional district since 2025. She is a physician and a member of the Minnesota Democratic-Farmer-Labor Party.

An obstetrician-gynecologist who practiced in Minnesota for more than 20 years, she served in the Minnesota House of Representatives from 2019 to 2023 and in the Minnesota Senate from 2023 to 2024. She was elected to Congress in 2024, succeeding Dean Phillips. Her first report shown here covers 2024, the year before she took office; her earlier candidate report is a scanned paper copy and is not used.

What her 2025 disclosure shows

The report she filed on August 12, 2026 covers 2025. It lists 216 assets with a value, adding up to $21.8 million to $59 million. The largest are Investment Fund: Callanish Capital Partners LP (joint, $5M–$25M); Rental Property 1 (Alta, UT) ($500K–$1M) and Retirement Account 2 (401k): Vanguard Index Trust Extended Market Index Fd Instl Shs (VIEIX) (spouse, $500K–$1M). Another 28 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 line of Credit with Wells Fargo, held jointly, in the $250K–$500K band. Subtracting debts the same way gives a range of $21.3 million to $58.8 million, with a midpoint of about $40 million. It also lists 2 mortgages on a home the report does not list as an asset. As on all our House profiles, we leave those debts out because the home's value is not counted either.

How the range has changed

Using the same method for every year, the midpoint of her disclosed range went from about $38.7 million on her 2024 report to about $40 million on her 2025 report. The chart shows two reports from 2024 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, Morrison does not have to report a home she lives in, cars and personal belongings, or federal retirement savings such as the Thrift Savings Plan, so her real net worth could be higher than these forms show.

Career and money timeline

  1. 2019

    Joins the Minnesota House of Representatives (to 2023).

  2. 2023

    Joins the Minnesota Senate (to 2024).

  3. 2024

    Earliest report in the House's online database: range of $19.7 million to $57.8 million (midpoint $38.7 million).

  4. 2025

    Takes office in the U.S. House.

  5. 2025

    Latest report: range of $21.3 million to $58.8 million (midpoint $40 million).

Kelly Morrison net worth FAQ

What is Kelly Morrison's net worth?

Kelly Morrison's 2025 financial disclosure puts household assets minus debts at $21.3M to $58.8M, a midpoint of about $40M. Officials report values in ranges, so this is an estimate, not an exact figure.

Where does this number come from?

From Kelly Morrison's official annual financial disclosure, filed with the Clerk of the House on August 12, 2026. We add up every asset and debt band on the form. The same method is used for every year on the chart.

Has Kelly Morrison's net worth changed since taking office?

Compared with the earliest online report (2024), the low end of the range went from $19.7M to $21.3M and the high end from $57.8M to $58.8M. Her first report in the online database covers 2024, before she took office in 2025, so the chart starts before her first day in office.

What are Kelly Morrison's largest assets?

On her 2025 report, the largest holdings are Investment Fund: Callanish Capital Partners LP (joint, $5M–$25M); Rental Property 1 (Alta, UT) ($500K–$1M); Retirement Account 2 (401k): Vanguard Index Trust Extended Market Index Fd Instl Shs (VIEIX) (spouse, $500K–$1M). Values are reported in bands, not exact amounts.

Sources

  1. Clerk of the U.S. House, Financial Disclosure Reports database (accessed November 3, 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, Kelly Morrison (accessed November 3, 2026). Used for career facts only, never for figures.

Photo: Ike Hayman, House Creative Services, 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.