Incumbent Sullivan holds millions of dollars in investments and real estate assets, while Peltola's last congressional filing showed relatively modest retirement savings alongside a mortgage and consumer debt. The contrast comes as many Alaskans have voiced their concerns about affordability—one of the dominating topics of this year's midterms. "Candidate wealth and campaign contributions play a major role in how voters assess politicians.
Voters want politicians to be public servants who will work to enact policies that benefit all Americans, not just the wealthy and the well-connected," Michael Beckel, director of money in politics reform at Issue One, told Newsweek. "Voters want politicians who are motivated by public service and won’t use their positions of power for personal financial gain," Beckel said. "Voters are hungry for politicians who will enact major reforms to our political system to help it work for everyone, not just the billionaires and wealthy corporations.
That’s why these issues have increasingly been in the spotlight in Alaska and other states across the country." Sullivan's 2025 Senate disclosure lists extensive investment holdings, with a stake in RPM International—his family's chemical company—appearing to be his largest asset between $1 million and $5 million. The filing also shows the senator owns a rental property valued at up to half a million dollars and multiple Exchange Traded Funds (ETFs) worth several thousand dollars. According to Quiver Quantitative, Sullivan made around $300,900 on the stock market in May alone.
The site estimates his net worth at around $8.4 million, making him the 124th-highest net worth in Congress. Newsweek reached out to Sullivan's campaign for comment on Monday afternoon. Peltola also filed a financial disclosure in 2025, before her term in the House of Representatives ended.
Her document showed a different financial picture than her GOP rival's. The filing showed Peltola with retirement accounts worth between $15,000 and $50,000, as well as a 529 plan worth a similar amount. House disclosures do not provide exact figures, so they usually list ranges instead.
Peltola also said she still had a mortgage worth between a quarter and half a million dollars, and between $10,000 and $15,000 in credit card debt. While she did list some investments, the list was far smaller and had lower value ranges than the one filed by Sullivan. Peltola's campaign told Newsweek she was worth between $62,006 and $230,000, adding that she owned no stocks.
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