Bob Corker Net Worth: How Did Bob Corker Make His Money?

Bob Corker Net Worth: Robert Phillips Corker Jr., an American politician and businessman born on August 24, 1952, represented Tennessee in the Senate from 2007 to 2019. He belonged to the Republican Party, and from 2015 to 2019, he presided over the Senate Foreign Relations Committee.

Corker established a construction business in 1978, which he later sold. His net worth now stands at $45 million as a result. He ran for the United States Senate in Tennessee in 1994, but Bill Frist beat him in the party’s primary. Corker was appointed by Governor Don Sundquist and held the position of Commissioner of Finance and Administration for the State of Tennessee from 1995 to 1996.

John Ferguson followed David Manning in that role. Later, he bought two of Chattanooga, Tennessee,’s real estate firms before being chosen as the city’s 71st mayor in March 2001. He held that position for one term (2001–2005).

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Bob Corker’s Net Worth

American politician and multi-millionaire businessman Bob Corker. He is highly known for both his struggles and his triumphs. When Bob Corker founded his own construction business in 1978, he initially made headlines. Within a few years, his business grew to be quite large. Later, in 1990, he decided to sell the company, which significantly increased his wealth.

After that, he entered politics and held several influential positions in Congress. Bob Corker is exceptionally wealthy, yet it is unknown what his actual net worth is. He reportedly has a net worth of $64 million.

bob corker net worth

Image source: ABC News

Bob Corker Assets

Home: Bob Corker is a very wealthy and well-known figure in America. In his career, he has received some significant accolades. Corker owns a large number of other properties in addition to his Tennessee home. The Anne Haven Mansion is his most well-known and permanent house.

Car collection: Bob Corker has a sizable collection of automobiles. He enjoys driving the most expensive vehicles, such as Bentley, Mercedes Maybach, Rolls Royce, Cadillac, etc.

Bob Corker Biography

Robert Philips Corker Jr., also known as Bob Corker in the business sector, is a well-known politician and businessman in the United States. On August 24, 1952, Corker was born in Orangeburg, South Carolina, in the United States. Until 11, Corker was reared in Orangeburg, though he eventually moved to Tennessee with his family. Corker’s great-great-grandfather was politically connected.

After finishing his schooling in Tennessee, Corker began serving his community. He was inspired to take charge of his life on a trip to Haiti in his 20s. Later, he discovered Chattanooga Neighborhood Enterprise, a charity. Along with other things, he assisted thousands of kids in receiving free education. In 1987, he wed Elizabeth, and they had two children.

Bob Corker Career and Awards

Bob Corker began his career in the middle of the 1970s when he decided to create a construction business. However, he already had a nonprofit organization called Chattanooga Neighborhood Enterprise, which made him quite well-known before beginning a building company.


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Bancor was the name he gave to the construction company he founded in 1978. He started the business with only $8,000, and Krystal Restaurants was his first significant client. By 1980, his business was expanding by 80% annually, and was managing projects in more than 18 US states. However, he sold the company in 1990 to pursue a career in politics.

In 1994, Bob Corker ran for the United States Senate but was unsuccessful. He was appointed Tennessee’s Finance and Administration Commissioner in 1995, a position he held until 1996. He was chosen as Chattanooga’s 71st mayor in 2001. He served as mayor until 2005. He successfully stood for Senate in 2006 and was elected.

In January 2007, he was elected to represent Tennessee as a senator. Until 2019, he was a senator. Corker served as the Senate Foreign Relations Committee’s chair in the interim from 2015 to 2019.

Bob Corker Business and Politics

Since its inception in 1978, Bancor has had yearly growth of up to 80%, with holdings spread throughout 18 states. Twelve years later, he sold his business. Bob eventually stumbled upon Stone Fort Land Company and Osborne Building Corporation, the two most prominent real estate firms at the time in Chattanooga. He later acquired them in 1999.

In the year 2006, Corker made the decision to sell the property and all of its assets to Henry Luken, a businessman. His assets are thought to have been valued at more than $19 million by this year. Bob claimed that his extensive business background was beneficial in his political endeavors.

He grew interested in politics through his work in construction and its connections to the government, which led him to run for the US Senate in 1994. Despite his failures, he kept climbing the ladder, and on January 4, 2007, he was elected as a US Senator. Bob had some money issues with loans right before he was sworn in.

He started making trade investments as a result. According to a 2017 Rolling Stone story, he effectively turned into a “full-time day trader” during his first year in office. By the end of 2007, he had executed “1,200 deals, over four per day, including 332 over two days.”

Corker left his position in 2019 and did not run for re-election for a third term.

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