A personal financial disclosure filed by Republican congressional candidate Hirsh Singh shows his net worth to be between $50,000 and $100,000, according to a report filed more than a week late with the U.S. House of Representatives.
Singh’s money is entirely in a tax-deferred retirement account. He reported owning no other assets and earned $101,867 in 2017. That means he has virtually no money to self-fund his campaign to succeed Frank LoBiondo in Congress.
Republicans had said Singh promised to spend $2 million of his own money to win the 2nd district seat.
“Hopefully he will raise the money he needs to compete in November,” said Atlantic County Republican Chairman Keith Davis. “He has to explain what he promised to county committee members and whether he will continue to self-fund.”
According to Singh’s disclosure, he received loans from Goldman Sachs ($10,000-$15,000) and Lending Club ($15,000-$50,000) in January 2018. Reports filed with the Federal Election Commission show that he loaned his campaign $100,000 on March 8; he lists no guarantors on his loan to the campaign.Hirsh Singh Financial Disclosure