Michigan Democratic State Central Committee

08/14/2024 | Press release | Distributed by Public on 08/14/2024 10:44

ICYMI: New Reporting Shows Revolving Door Mike Rogers Enriches Himself While Michigan Families Pay the Price

National Journal: Mike Rogers "faced criticism for his tough on China messaging because Nokia conducted business with Chinese tech company Huawei"

LANSING - New reporting details that Revolving Door Mike Rogers has a "net worth of up to $12.1 million," as he faces more "criticism" for his work with Nokia that "conducted business with Chinese tech company Huawei." This is just the latest in a series of reports that highlights how Rogers' "personal wealth has spiked" from "the business relationships that Rogers engaged in over the last decade as a prominent ex-lawmaker."

The latest reporting highlights how Rogers "reported a total of $488,000 in earned income across multiple positions," including "$240,000 from work as a risk analyst with the telecommunications company Nokia Corporation."

This follows other reports of Rogers abandoning Michigan, passing "through the 'revolving door,' advising companies on issues he dealt with in Congress," and making "good on his quest to get rich." Rogers has an extensive record of enriching himself at the expense of Michiganders, making an "explosion of immense wealth."

"Mike Rogers has shown he will do anything to enrich himself while Michigan families pay the price. It's clear that Rogers is only in this race for himself and his wealthy special interest backers, even when it hurts working Michiganders," said Michigan Democratic Party spokesperson Sam Chan.

Read National Journal's reporting on Rogers enriching himself and facing "criticism" for selling out our national security to China:

National Journal: Who's the wealthiest Senate candidate?

  • Rogers and his wife reported a net worth of up to $12.1 million, with up to $1.3 million in income reported from their assets. Their assets are primarily held in bank accounts, private stocks, and mutual funds.
  • Rogers reported a total of $488,000 in earned income across multiple positions. He reported $240,000 from work as a risk analyst with the telecommunications company Nokia Corporation.
  • Rogers faced criticism for his tough on China messaging because Nokia conducted business with Chinese tech company Huawei until January.
  • He earned $95,000 in his current role as director of nonprofit Mitre Corporation and a combined $163,000 as the former director of both Worldwide Services Inc and D-Wave Quantum. He reported a combined $48,700 serving on the boards for Highland Engineering and Spanish company Telefonica Ingenieria Y Seguridad.
  • Rogers reported $34,600 in retirement from the state, while his wife reported three roles in which she earned more than $1,000.

See also: Business Insider: 9 years through the revolving door: How the GOP's top Senate recruit in Michigan got rich after leaving Congress, Detroit News: Mike Rogers targets China in Senate campaign, but his own connections draw criticism, Heartland Signal: Michigan GOP Senate candidate Mike Rogers connected to Saudi companies, including one with nuclear ambitions, Heartland Signal: Michigan Senate candidate spews anti-China rhetoric despite working to expand Chinese companies and personal wealth, American Journal News: Michigan Republican Mike Rogers has repeatedly dodged questions about his work at AT&T.

###