NEWS: Eric Hovde’s Financial Entanglements & Conflicts of Interest on Full Display in Latest Report… Here Are the Ways He Made His Fortune

Hovde’s Net Worth Would Make Him the Richest Senator if Elected

MADISON, Wis. — After Eric Hovde hid his finances for months, Wisconsin voters are finally learning the truth about Hovde’s wealth, financial entanglements, and conflicts of interest. 

Late Sunday night, Hovde finally submitted his personal financial disclosure. 

The report showed that Hovde is worth upwards of a half a billion dollars, and his net worth is likely much higher, possibly making Hovde a billionaire. The disclosure form caps values of single assets at ‘$50 million or more’ rather than specifying an exact value. Sunwest Bank, which Hovde owns, is estimated to be worth $3.2 billion.

And how did Hovde his millions and possibly billions of dollars? Let’s take a look:

• Hovde’s bank is being propped up by millions of dollars in deposits by foreign governments and banks. 

• That’s not the first foreign entanglement Hovde has had. Just last week, it was revealed that Hovde invested millions in foreign companies involved in sanctions evasion, tax evasion, and money laundering in Iran, Cuba, and Libya, including investing in a banking group whose subsidiaries assisted sanctions evasion by clients involved with terrorist groups.

• And just recently, his family business recently got caught trying to do business in China. 

Reminder: Hovde is refusing to give up ownership of the bank if he is elected to the Senate, which raises questions that he could be influenced by foreign governments and any other group depositing money into his bank. And he has refused to answer questions about how he is a walking conflict of interest.