Ted Budd Net Worth 2026

Ted Budd: A Financial Profile of North Carolina’s U.S. Senator

U.S. Senator Ted Budd, representing North Carolina, has built a financial portfolio rooted in his background as a businessman and his family’s agricultural heritage. Before entering the political arena, Budd cultivated a career in various business ventures, which continue to form a significant part of his estimated wealth. As of early 2026, his estimated net worth stands at approximately $6,300,000, reflecting a blend of real estate, business interests, and diversified investments.

Early Life, Education, and Business Roots

Theodore Paul Budd was born on October 21, 1971, in Winston-Salem, North Carolina. His family later moved to a 300-acre farm in Davie County, where they raised cattle and chickens, instilling in him an early understanding of hard work and entrepreneurship. Budd pursued higher education, earning a Bachelor of Science in Business Administration from Appalachian State University in 1994. He then obtained a Master of Theology from Dallas Theological Seminary in 1998, having considered a path in ministry. Later, he earned a Master of Business Administration from Wake Forest University in 2007, further solidifying his business acumen.

Before his political career, Budd was involved in his family’s business ventures. A notable aspect of this history includes his connection to the AgriBioTech bankruptcy case in the early 2000s. Court documents alleged that assets were transferred to family members, including Ted Budd, prior to a significant judgment against his father’s company. The case, which involved substantial losses for farmers, was ultimately settled in 2005, with the Budd family entities paying $6 million to creditors without admitting liability or wrongdoing. Budd also managed his father’s janitorial and landscaping company. A significant part of his current business interests stems from his ownership of ProShots, a gun store and shooting range in Rural Hall, North Carolina, which he acquired after a friend approached him about purchasing a bankrupt facility for police training.

Political Career and Income

Ted Budd first entered public service in 2016, successfully running for the U.S. House of Representatives for North Carolina’s 13th congressional district. He served three terms in the House before being elected to the U.S. Senate in November 2022, officially assuming office on January 3, 2023. As a U.S. Senator, Budd earns an annual salary of $174,000. His political career has seen him focus on issues such as economic growth, border security, and support for veterans.

Net Worth Evolution

Estimating a politician’s net worth can be complex due to financial disclosure reporting ranges rather than exact figures. However, various sources provide insights into Senator Budd’s financial standing over time. In 2018, OpenSecrets estimated his net worth at approximately $6,400,534. His 2023 annual financial disclosure indicated a range between $2.82 million and $10.83 million. More recent estimates from Quiver Quantitative place his net worth at $6.2 million as of September 2025.

Based on available data and trends, here’s an estimated progression of Ted Budd’s net worth:

• 2022: $5,500,000
• 2023: $6,000,000
• 2024: $6,100,000
• 2025: $6,200,000
• 2026: $6,300,000

Wealth Sources and Key Assets

Senator Budd’s wealth is primarily derived from his entrepreneurial background and strategic investments. His main income sources include his salary as a U.S. Senator and profits from his business interests. His most significant asset is his gun store and shooting range, ProShots, which has been valued between $1,000,001 and $5,000,000. Beyond his business, Budd holds substantial real estate, including commercial and residential properties, as well as his family’s farm in Advance, North Carolina. He also maintains a diversified portfolio of mutual funds through various trusts, brokerages, and savings plans.

An interesting personal detail about Senator Budd is that he and his wife, Amy Kate, whom he met on a mission trip to the Soviet Union in 1991 just before the collapse of communism, chose to homeschool their three children. He also served as an assistant scoutmaster for his son’s Boy Scout troop and was a board member for North Carolinians for Home Education, highlighting his commitment to family and community.

Conclusion

Ted Budd’s financial profile illustrates a journey from a farm upbringing and business entrepreneurship to a prominent role in the U.S. Senate. His wealth is largely tied to his long-standing business ventures, real estate holdings, and investment strategies, providing a solid financial foundation as he continues his public service. His financial disclosures offer a window into the diverse assets that contribute to his estimated net worth, reflecting a career marked by both private sector success and dedication to public office.