Jaw-Dropping Financial Disclosure Demolishes ‘Tax The Rich’ Congressman’s Progressive Persona

U.S. Rep. Ro Khanna (D-CA) — a self-styled “progressive” who has built his political image on taxing the rich and fighting “oligarchs — raked in tens of millions of dollars through various stock trades and business interests, according to his 2025 annual financial disclosure. The disclosure was covered in detail by the Washington Free Beacon.

According to the disclosure, the Khanna household’s reported assets ranged from $69.2 million to $166.7 million or more. This total includes 11 open-ended holdings valued at more than $1 million each with no upper limit disclosed.

The filing lists approximately 3,290 asset entries. Dependent children accounted for the large majority of the reported minimum value, which ranged between around $61.7 million to $153.7 million or more, while the spouse accounted for the remainder.

The report shows extensive securities activity. Family trusts executed 5,402 transactions across 244 of the 251 active trading days in 2025, with the combined value of these transactions falling in the range of $44.6 million to $164.4 million. This included purchases totaling $26.2 million to $93.8 million and sales of roughly $18.4 million to $70.6 million in stocks, options, exchange-traded funds, and other instruments.

The 2025 volume exceeded the prior year’s activity of 4,665 transactions valued at $36.4 million to $137.2 million.

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BREAKING: Representative Ro Khanna just updated his 2025 annual financial disclosure:

5,402 trades
Up to $165.4 million in trading volume
Net worth reported as high as $167 million
Up to $10.8 million in dividends and business distributions

— unusual_whales (@unusual_whales) August 20, 2026

Unearned income reached as high as $10.8 million in dividends and business distributions. Trusts benefiting the couple’s two children generated more than $2 million in unearned income from ownership stakes in three private golf clubs in Ohio, such as Barrington Golf Club in Aurora, and properties associated with ARECO Golf that include Mayfield Country Club and Sand Ridge Golf Club. Membership initiation fees at these clubs exceed $30,000 to $45,000.

The children’s trusts also hold interests in MAI Capital Management, a Cleveland-based wealth management firm overseeing more than $65 billion in assets, as well as various hedge funds and private funds.

Nearly all of the reported wealth traces to trusts established by Khanna’s father-in-law, Monte Ahuja, an Ohio auto-parts executive who founded Transtar Industries. These include irrevocable trusts for the benefit of Khanna’s wife, Ritu Ahuja Khanna, and their children.

Khanna has stated that he has no involvement in or knowledge of the individual trades, which are professionally managed. His congressional salary remains $174,000. When he entered the House in 2017, his reported household assets ranged from roughly $29 million to $78 million.

The disclosure has drawn public attention because of Khanna’s longstanding advocacy on tax and economic policy. He has supported measures to increase taxes on high-net-worth individuals, including co-sponsoring legislation with Senator Bernie Sanders (I-VT) for a 5 percent annual wealth tax on billionaires and backing a California ballot initiative that would impose a one-time 5 percent tax on residents with net worth above $1 billion.

Khanna has framed these proposals as efforts to address wealth concentration and promote shared prosperity. He has also criticized stock trading by members of Congress and supported legislation to restrict such activity.

Khanna’s office has not issued a detailed public response to the latest filing beyond prior statements affirming compliance with ethics rules and the independent management of family trusts. The disclosure remains a matter of public record available through the House Clerk’s office and independent transcriptions of the filings.

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