Tom Tunney is a name that resonates with many, especially in politics and business. Known for his entrepreneurial spirit and dedication to public service, Tunney has significantly impacted his community.
He’s a successful businessman and a respected politician, serving as an alderman in Chicago’s 44th Ward. In this article, Publican Anker will delve into Tom Tunney net worth as of 2023.
|Full Name:||Thomas M. Tunney|
|Popular Name:||Tom Tunney|
|Birth Date:||August 22, 1955|
|Age:||68 years old (as of 2023)|
|Birth Place:||Chicago, Illinois, United States|
|Education:||University of Illinois, Urbana-Champaign (BA), Cornell University (MA)|
|Marital Status:||Not specified|
|Sexual Orientation:||Openly gay|
|Net Worth:||Approximately $5 Million (as of June 1, 2023)|
|Source of Wealth:||Politics, Entrepreneurship (Restaurateur)|
Why is Tom Tunney Famous?
Tom Tunney’s fame stems from his multifaceted career and his dedication to his community. He owns Ann Sather Restaurants, a beloved chain in Chicago known for its delicious cinnamon rolls and hearty breakfasts.
But Tunney isn’t just a businessman. He’s also a dedicated public servant, serving as an alderman since 2003.
He was the first openly gay man to serve on the Chicago City Council, breaking barriers and advocating for LGBTQ+ rights.
What is Tom Tunney’s Net Worth and Salary in 2023?
As of 2023, Tom Tunney’s net worth is around $5 million. This wealth has been accumulated through his successful political and business career.
As an Alderman, Tom receives a salary for his service to the city. Chicago aldermen earn roughly $120,000 each year. However, Tom’s net worth comes from his business ventures, particularly Ann Sather Restaurants.
Tom Tunney’s Overview
Thomas M. Tunney was born on August 22, 1955, in Chicago, Illinois. He grew up on the southwest side of the city.
He attended Brother Rice, a local Catholic high school, before pursuing higher education at the University of Illinois. There, he obtained his bachelor’s degree in restaurant management. His academic journey continued at Cornell University, where he earned a master’s degree in hotel administration.
After completing his education, Tunney returned to his hometown, specifically the Lakeview neighborhood. Tunney became an entrepreneur in 1981 after Ann Sather retired and closed her Lakeview restaurant.
He proposed to purchase her business, eventually gaining full ownership of the Ann Sather Restaurant. It became a popular local chain, starting his entrepreneurial career.
Since 2003, he has been an alderman on the Chicago City Council. He represents the 44th Ward, with popular tourist spots like the Northalsted and Wrigleyville.
In 2019, he was appointed vice mayor, further cementing his influence in the city’s political landscape.
His business success did not deter him from public service. Tunney gave grassroots and nonprofit organizations free town halls in his restaurants.
He devised programs to help HIV/AIDS patients, which Illinois Masonic Hospital later embraced.
He led the Chicago Economic Development Committee’s small company subcommittee and served on the mayor’s Parking Task Force. This shows how much he cared about helping the people.
In 2002, Tunney was nominated to replace retiring 44th Ward Alderman Bernie Hansen. In January 2003, the municipal council unanimously approved his nomination. In February 2003, he was elected alderman for four years.
Since then, he has been re-elected four times, in 2007, 2011, 2015, and 2019. Tunney repealed Chicago’s foie gras ban in July 2007 which led to its ratification in May 2008.
Tunney supported his district despite his conflict with the Ricketts family, owners of the Chicago Cubs.
He considered running for mayor in 2011 and 2019 but ultimately decided against it. Instead, he endorsed Lori Lightfoot in the runoff of the election.
In August 2022, Tunney declared he would not run again for Chicago City Council in 2023. Despite rumors of a mayoral bid, Tunney plans to represent the city’s business community after leaving the City Council.
Tunney retires in May 2023 after a lifetime of public service and entrepreneurial achievement.
Tunney is known for being the first openly gay Chicago Alderman. He is also the cousin of actress Robin Tunney, famous for her role as Agent Lisbon on The Mentalist.
Despite his busy political career, Tunney has always found time to give back to his community. He represents area businesses and individuals on commercial, civic, and municipal boards.
FAQs about Tom Tunney
Is Tom Tunney a Democrat or Republican?
Tom Tunney is a Democrat. He has been serving as a Democratic alderman in Chicago since 2003.
Who is the race for the 44th Ward Alderman?
Bennett Lawson won the race for the 44th Ward Alderman in Chicago.
What Ward is Wrigleyville in?
Wrigleyville is located in the 44th Ward of Chicago. This ward has been represented by Alderman Tom Tunney since 2003.
What is Tom Tunney’s social media?
He can be found on Instagram under the handle @aldermantunney. He has almost 1,000 followers and posts about his life and aldermanship here.
Tom Tunney is a figure of significance in both the political and business landscapes of Chicago. He became famous and wealthy as an openly homosexual alderman and restaurateur.
As of 2023, his estimated net worth is a testament to his hard work, business acumen, and dedication to public service.
Tunney impacts Chicago through his city council work and Ann Sather dishes.