Nick Begich's wealth is anchored by his majority ownership in FarShore Partners, a software company he founded, with his stake valued as high as $25 million (Alaska Dispatch News).
He holds significant additional business interests, including a 42% share in Dashfire Management, as well as partnerships in Alaska-based commercial ventures like a grocery store in Utqiagvik and the Aviator Hotel in Anchorage (Alaska Dispatch News).
Begich reported income exceeding $1 million in 2021 from his software company and additional income from Earthpulse Press, a family-run publishing business promoting conspiracy theories (Alaska Daily News; Alaska Dispatch News).
He has invested in a range of assets including equities in Alaska resource development firms (UCore and Graphite One Inc.), cryptocurrency holdings, and collectibles like baseball cards and coins (Alaska Beacon).
Begich has been the primary funder of his own political campaigns, providing at least $650,000 through personal loans and still owing himself over $400,000, which could pose potential conflicts of interest or vulnerabilities (Anchorage Daily News).
He describes himself as a passive investor in Earthpulse Press and other businesses with family ties, but disclosure forms show sustained ownership and board positions that may invite scrutiny (Alaska Beacon).
2022: Nick Begich Lent $650,000 To His U.S. House Campaign According to Alaska Public Media, "Republican Nick Begich III is one of the wealthier candidates in the special election for Alaska's U.S. House seat, and he's leveraging that wealth with personal loans to his campaign totaling $650,000." [Alaska Daily News, 6/8/22]
2022: Nick Begich's Campaign Loan Comprised Over Half Of His Campaign's Total Funds According to Alaska Public Media, "Nick Begich's campaign report shows his loan comprises slightly more than half of his total, and he's also made a contribution of $23,000. His major expenses include ads, strategic advising and payroll." [Alaska Daily News, 6/8/22]
Nick Begich Self-Financed His 2022 Campaign With $650,000 As Of March According to Alaska Dispatch News, "The businessman is largely self-financing his run for office. As of March, he had given his campaign $650,000." [Alaska Dispatch News, 4/21/22]
April 2022: Begich Claimed To Have Loaned $650,000 To His Own Campaign According to Alaska Dispatch News, "'I think you should put your money where your mouth is,' said Begich, who has loaned his campaign $650,000." [Alaska Dispatch News, 4/23/22]
2022: Nick Begich III Self-Financed More Than Half Of His Campaign Funds According to Fairbanks Daily News-Miner, "Begich, a Republican, has raised more than $1 million, with half the money coming from the candidate himself." [Fairbanks Daily News-Miner (Alaska), 6/5/22]
2022: Nick Begich Loaned $650,000 To Own Campaign According to Juneau Empire, "Begich, who began running for the House seat last fall, had the most available cash as of May 22, about $715,000. He has loaned his campaign $650,000 so far." [Juneau Empire (Alaska), 6/11/22]
July 2022: Begich Raised $64,000 And Loaned Campaign $650,000 According to Alaska Dispatch News, "But Begich still has much more in the bank -- $655,000 to Peltola's $124,000 and Palin's $107,000 -- after Begich loaned his campaign $650,000 earlier in the year." [Alaska Dispatch News, 8/3/22]
Begich Loaned His 2022 Campaign $650,000, Boosted Fundraising Total To $1.5 Million According to Alaska Dispatch News, "By the end of July [...] Begich's sum of $1.18 million, which included a $650,000 loan he had made to his campaign." [...] "Counting Begich's personal loan to his campaign, he has raised a total of around $1.5 million since launching his bid for office." [Alaska Dispatch News, 10/17/22]
By September 2022, Begich Raised Under $60,000 That Month, Held Under $550,000 In Campaign Bank According to Alaska Dispatch News, "Begich brought in less than $60,000 and had under $550,000 in the bank, in great part thanks to the $650,000 loan he made to his campaign earlier in the election cycle." [Alaska Dispatch News, 10/17/22]
2022: Nick Begich Was The Only Major Alaska House Candidate To Self-Finance Substantial Campaign Funds According to Juneau Empire, "Begich was an outliner in the race by being the only major candidate to self-finance, with such funds accounting for about 33% of his total bankroll." [Juneau Empire, 12/12/22]
2022: Nick Begich Self-Financed His Campaign With A $650,000 Loan, Repaying $200,000 By End Of Cycle According to Juneau Empire, "His self-financing was in the form of a $650,000 loan, which he has repaid $200,000 of so far, according to the FEC -- meaning with less than $90,000 in his campaign account he will have to tap further into his or other donor funds." [Juneau Empire, 12/12/22]
2022: Bristol Bay Times & Dutch Harbor Fisherman Reported Begich Paid Down Part Of His Campaign Loan Post-Election According to Bristol Bay Times & Dutch Harbor Fisherman, "Begich paid off $200, 000 of that loan amount after the election. But he still has a $450, 000 debt, according to a report filed with the Federal Election Commission that covers account activity through Nov. 28. His campaign account had under $90, 000 at the time." [Bristol Bay Times & Dutch Harbor Fisherman (Anchorage, Alaska), 12/15/22]
2023: Begich Still Owed His Campaign $450,000 In Loans From Personal Wealth According to Alaska Dispatch News, "Begich self-financed his campaign from his personal wealth to the tune of hundreds of thousands of dollars, primarily through loans. According to an April filing to the Federal Elections Commission, Begich still owed his campaign account $450,000." [Alaska Dispatch News, 7/13/23]
2022: Nick Begich Self-Financed Campaign With Loans Totaling Hundreds Of Thousands Of Dollars According to Anchorage Daily News, "Begich self-financed his campaign from his personal wealth to the tune of hundreds of thousands of dollars, primarily through loans. According to an April filing to the Federal Elections Commission, Begich still owed his campaign account $450,000." [Anchorage Daily News (Alaska), 7/13/23]
Nick Begich Self-Funded 2022 Campaign For U.S. House According to Fairbanks Daily News-Miner, "Begich largely self-funded his own campaign in 2022." [Fairbanks Daily News-Miner, 7/15/23]
2022: Nick Begich Self-Financed Campaign and Owed $450,000 According to Arctic Sounder, "Begich self-financed his campaign from his personal wealth to the tune of hundreds of thousands of dollars, primarily through loans. According to an April filing to the Federal Elections Commission, Begich still owed his campaign account $450, 000." [Arctic Sounder (Anchorage, Alaska), 7/20/23]
Nick Begich Reported $425,000 Campaign Debt Carried Over From 2022 Personal Loans According to Anchorage Daily News, "Begich's campaign reported a debt of $425,000---a carryover from personal loans Begich, a businessman, made to his campaign in 2022." [Anchorage Daily News (Alaska), 2/8/24]
2024: Anchorage Daily News Reported Begich Received Over $77,000 From Grow The Majority Committee According to Anchorage Daily News, "Begich reported raising just over $77,000 from Grow the Majority, a similar committee led by House Speaker Mike Johnson to benefit Republican candidates." [Anchorage Daily News (Alaska), 10/16/24]
August 2024: Nick Begich Raised Nearly $1 Million For His U.S. House Campaign According to Kodiak Daily Mirror (Alaska), "Neither Howe nor Salisbury have raised or spent significant amounts of money, while Peltola has raised more than $7.5 million in support of her candidacy, and Begich has raised almost $1 million." [Kodiak Daily Mirror (Alaska), 8/26/24]
2021: Nick Begich Reported Over $1 Million In Income From Software Company According to Alaska Public Media, "Begich reported income last year of more than a million dollars from a software development company he founded, plus more than $100,000 from Earthpulse Press, a company that publishes his father's theories about government mind control." [Alaska Daily News, 6/8/22]
Nick Begich Self-Financed Campaign With Hundreds Of Thousands Of Dollars According to Anchorage Daily News, "Begich self-financed his campaign from his personal wealth to the tune of hundreds of thousands of dollars, primarily through loans. According to an April filing to the Federal Elections Commission, Begich still owed his campaign account $450,000." [Anchorage Daily News, 7/14/23]
2024: Nick Begich Reported Wealth From IT Consulting And Equity Investments According to Alaska Beacon, 'Begich runs an IT consulting firm, and he and his partners occasionally took equity shares of startup companies rather than require payments in cash. [...] That approach has paid off, and he's made additional investments with his business partners.' [Alaska Beacon, 10/15/24]
Nick Begich III Cited Personal Wealth As Helping Propel His Congressional Campaign According to Arctic Sounder, "A businessman whose personal wealth helped propel his ascent to Congress, this will be Begich's first time representing the state in elected office." [Arctic Sounder, 1/9/25]
September 2022: Nick Begich Loaned $650,000 To His Own Campaign According to Peninsula Clarion, "Begich's cash on hand is notable because $650,000 of his campaign's funds are from a personal loan he made." [Peninsula Clarion, 9/16/22]
Nick Begich Largely Self-Financed His Previous Campaigns According to Juneau Empire, "Begich, a businessman who founded a multimillion-dollar software company, largely financed his previous campaigns using his own funds." [Juneau Empire, 7/13/23]
2024: Begich III Invested In Several Alaska Businesses, Including Stuaqpak Inc. According to Alaska Public Media, "Actually, Begich's candidate disclosure form shows he has invested in several Alaska businesses. She cited his 15% stake in Stuaqpak Inc., through which he's the partial owner of grocery store in Utqiagvik." [Alaska Public Media, 10/10/24]
September 2024: Nick Begich Disclosed 17% Ownership In Earthpulse Press According to Alaska Beacon, "Begich holds a 17% share of Earthpulse Press, a company founded by his father, known both as Nick Begich II and Nick Begich Sr." [Alaska Beacon, 9/30/24]
2024: Nick Begich Identified As Passive Investor And Officer In Earthpulse Press According to Alaska Beacon, "Begich III said he has that share because he 'wrote a check' to support his father, and state business laws require that a company have at least two board members." [Alaska Beacon, 10/15/24]
2024: Nick Begich Stated Non-Involvement In Earthpulse Operations According to Alaska Beacon, "Begich III said he doesn't now participate in the company's operations and is a passive shareholder." [Alaska Beacon, 10/15/24]
2024: Nick Begich's Father Confirmed Nick Begich's Passive Role In Earthpulse According to Alaska Beacon, 'He's not an employee, nor has he ever been. He's on my board because I have to have two board members, and he's someone I trust, and he invested in my company very early,' Begich Sr. said. [Alaska Beacon, 10/15/24]
2024: Nick Begich Held Investments In Cryptocurrency And Collectibles According to Alaska Beacon, 'He's also an investor in cryptocurrency and has a valuable collection of miscellaneous items --- baseball cards, coins and similar objects --- as well.' [Alaska Beacon, 10/15/24]
2024: Nick Begich Owned Shares In Resource Development Firms According to Alaska Beacon, 'The financial disclosure form lists UCore, developer of the proposed Bokan Mountain mine in Southeast Alaska, and Graphite One Inc., the developer of a proposed graphite mine near Nome, as two examples.' [Alaska Beacon, 10/15/24]
2024: Nick Begich Pledged Arms-Length Management Of Investments If Elected According to Alaska Beacon, 'If elected, Begich said, he would take his hands off those investments. "I would not want to be involved in trading any of that. If that's happening, it would be happening at arms' length from me, as I think it should be for all members of Congress," he said.' [Alaska Beacon, 10/15/24]
September 2024: Begich Disclosed 17% Ownership In Earthpulse Press According to The Daily Sitka Sentinel, "According to a personal financial disclosure form published at the end of September, Begich holds a 17% share of Earthpulse Press, a company founded by his father, known both as Nick Begich II and Nick Begich Sr." [Daily Sitka Sentinel, 10/15/24]
Begich Claimed Passive Shareholder Status In Earthpulse Press As Of 2024 According to The Daily Sitka Sentinel, "Begich III said he doesn't now participate in the company's operations and is a passive shareholder." [Daily Sitka Sentinel, 10/15/24]
Begich Reported Investing In Cryptocurrency And Collectibles As Of 2024 According to The Daily Sitka Sentinel, 'He's also an investor in cryptocurrency and has a valuable collection of miscellaneous items - baseball cards, coins and similar objects - as well.' [Daily Sitka Sentinel, 10/15/24]
Begich Held Publicly Traded Mining Shares In 2024 According to The Daily Sitka Sentinel, 'He also owns some publicly traded, self-directed shares. The financial disclosure form lists UCore, developer of the proposed Bokan Mountain mine in Southeast Alaska, and Graphite One Inc., the developer of a proposed graphite mine near Nome, as two examples.' [Daily Sitka Sentinel, 10/15/24]
2024: Nick Begich III Invested In Cryptocurrency, Collectibles, And Publicly Traded Shares According to Fairbanks Daily News-Miner, "He's also an investor in cryptocurrency and has a valuable collection of miscellaneous items baseball cards, coins and similar objects as well. He also owns some publicly traded, self-directed shares." [Fairbanks Daily News-Miner (Alaska), 10/17/24]
2024: Nick Begich III Listed UCore And Graphite One Inc. As Investments According to Fairbanks Daily News-Miner, "The financial disclosure form lists UCore, developer of the proposed Bokan Mountain mine in Southeast Alaska, and Graphite One Inc., the developer of a proposed graphite mine near Nome, as two examples." [Fairbanks Daily News-Miner (Alaska), 10/17/24]
2022: Alaska Dispatch News Reported Begich Held Six Figures In Cryptocurrencies And Major Stake In Software Company According to Alaska Dispatch News, "Republican Nick Begich, has six figures in cryptocurrencies like bitcoin and litecoin, plus a stake worth at least $1 million in a software company he founded that now has more than 100 employees and offices in three countries." [Alaska Dispatch News, 5/17/22]
2022: Begich Held 69% Stake In FarShore Partners Valued From $5 Million To $25 Million According to Alaska Dispatch News, "One of the largest chunks of Begich's wealth - between $5 million and $25 million - is invested in his 69% stake in FarShore Partners, the software business he founded around 2006." [Alaska Dispatch News, 5/17/22]
2022: Begich Owned 42% Stake In Dashfire Management And Additional Business Interests According to Alaska Dispatch News, "Begich also owns a 42% stake in another business, Dashfire Management, that advises startup companies. He reported other assets tied to the company that owns the Aviator Hotel in downtown Anchorage, a business that operates a grocery store in the North Slope hub town of Utqiagvik, several investment funds, a family publishing house and a company that owns land inside Wrangell-St. Elias National Park." [Alaska Dispatch News, 5/17/22]
Begich Invested In Businesses Owned By His Father And Uncle, Including One Promoting HAARP Conspiracy Theories According to Alaska Dispatch News, "Begich also invested capital in businesses owned by Mark Begich and his father, Nick Begich II, who is not politically active and has spent much of his career promoting unfounded theories that HAARP, the High Frequency Active Auroral Research Program facility owned by the University of Alaska, can control the weather and minds." [Alaska Dispatch News, 8/5/22]
September 2024: Nick Begich III Disclosed 17% Ownership In Earthpulse Press According to Fairbanks Daily News-Miner, "Begich holds a 17% share of Earthpulse Press, a company founded by his father, known both as Nick Begich II and Nick Begich Sr." [Fairbanks Daily News-Miner (Alaska), 10/17/24]
2024: Nick Begich III Described Himself As A Passive Shareholder In Earthpulse Press According to Fairbanks Daily News-Miner, "Begich III said he doesn't now participate in the company's operations and is a passive shareholder." [Fairbanks Daily News-Miner (Alaska), 10/17/24]
2022: Begich III Declared Significant Income And Ownership In EarthPulse According to Alaska Dispatch News, "Begich III declared between $100,001 and $1 million in income earlier this year from the publishing company, and a similar overall stake in the business." [Alaska Dispatch News, 10/22/22]