What Is Happening With Mike Johnson’s Money?

But Johnson does owe a lot of money. Every year, he has listed a mortgage on which he owes hundreds of thousands of dollars and a personal loan on which he owes tens of thousands. In 2019, he opened up a home equity line of credit, also worth tens of thousands of dollars.

It is, of course, possible that Johnson really has no bank accounts and just keeps all his money in sacks of cash hidden under his mattress. Another explanation could be that he has selective amnesia and has forgotten to disclose his assets for seven years. But several ethics experts offered another reason: Johnson is terrible at managing the money he makes and may be in massive debt.

“He owes hundreds of thousands of dollars between a mortgage, personal loan, and home equity line of credit, so where did that money go?” Jordan Libowitz, the communications director for the watchdog group Citizens for Responsibility and Ethics in Washington, told The Daily Beast. “If he truly has no bank account and no assets, it raises questions about his personal financial wellbeing.”