David McCormick’s Financial Disclosures in Senate Race Reveal His Wealth

We can say this much with confidence about David McCormick: The man is rich.

In ads and campaign appearances, McCormick, who is running in the Republican primary for a Pennsylvania Senate seat, emphasizes his roots in Bloomsburg, a small town along the state’s Susquehanna River.

But his personal financial disclosure statement, which is required of all candidates for federal office, paints the picture of a consummate New York and Washington insider.

Last year alone, McCormick pulled in more than $22 million in salary from Bridgewater Associates, the Connecticut hedge fund where he was chief executive until stepping down in January. He sold options in Bechtel, a politically connected global construction firm where he was a board member, for an additional $2.2 million. For serving on the…

Read Story