A candidate for the Republican nomination for a U.S. Senate seat representing Indiana reports assets ranging from roughly $37 million to nearly $95 million.
Former state representative Mike Braun of Jasper, who runs a nationwide auto parts distribution business, is by far the wealthiest of six Senate hopefuls in next year's election, according to the candidates' financial disclosure reports.
Braun's estimated average net worth is nearly $66 million. The combined net worth of the other five candidates, including Democratic Sen. Joe Donnelly, is about $1.8 million, dragged down in large part by mortgage liabilities on several houses.
Braun is founder and chief executive officer of Meyer Distributing and owner of a related trucking and warehousing company, Meyer Logistics. His net worth was exceeded by that of only four senators in 2015, according to rankings compiled by the nonpartisan Center for Responsive Politics and based on financial disclosure reports required by Congress. Braun's report is for calendar year 2016.