- Associated Press - Wednesday, January 17, 2018

NEWARK, N.J. (AP) - New Jersey’s wealthy new governor says he’ll be accepting the job’s $175,000-a-year salary.

Democrat Phil Murphy is a multimillionaire former Wall Street executive who earned his fortune working at Goldman Sachs.

Murphy replaced Republican Chris Christie after he served two terms.

Christie’s predecessor, Democrat Jon Corzine, also was a rich alum of Goldman Sachs. But Corzine took only a $1 salary.

Murphy loaned about $16 million to his own campaign for the Democratic nomination. His 2016 taxes showed he earned $4.6 million, mostly from interest and dividends.



He declined Wednesday to take further questions about his salary. It was his first full day on the job.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide