Pennsylvania GOP Senate candidate Dave McCormick at an event on May 17, 2022 in Pittsburgh.
Pennsylvania GOP Senate candidate Dave McCormick at an event on May 17, 2022 in Pittsburgh.
  • Dave McCormick, the likely GOP nominee for Senate in Pennsylvania, is incredibly wealthy.
  • He also holds up to $2.2 million in something called a "dynasty trust."
  • It allows owners to transfer wealth for generations — potentially forever — without wealth taxes.

Dave McCormick, the former Bridgewater CEO who's all but certain to be the GOP Senate nominee in Pennsylvania, is incredibly wealthy.