Representative Ro Khanna (D-CA) disclosed that his family trusts executed 5,402 stock trades during 244 of the 252 active trading days in 2025, according to his annual financial disclosure. The total trading volume exceeded $165 million, and Khanna's household net worth is estimated at $167 million, up from $78 million when he entered Congress in 2017. Khanna is contemplating a presidential run in 2028.
Khanna stated that he and his wife do not personally trade stocks; the transactions are conducted by third-party advisers on behalf of their family trusts. He supports a ban on stock trading by members of Congress and their spouses.
Additionally, Khanna backs a proposed billionaire tax in California that would impose a one-time 5% wealth tax on residents with a net worth exceeding $1 billion, aiming to raise $100 billion over five years for healthcare, education, and food assistance. Despite his wealth, Khanna would not be subject to this tax.
Mark Cuban, with a net worth of approximately $6 billion, criticized Khanna for supporting the billionaire tax. Former Republican mayoral candidate Spencer Pratt also reprimanded Khanna for advocating the tax while benefiting from significant wealth. Khanna's family earned up to $10.8 million in dividends and distributions from their investments in 2025. His children hold stakes in three private golf clubs in Ohio, generating over $2 million in unearned income for them last year. Khanna receives an annual salary of $174,000 as a U.S. representative.