This “Fat Cat Week,” Alaskans remember that Dan Sullivan has tripled his wealth while in the Senate, largely thanks to his investment in RPM International, the multibillion-dollar chemicals company that allegedly defrauded the government and represents Sullivan’s largest stock holding. 

Reporting from the New York Times revealed that Sullivan has “been rewarded for the company’s financial success” after RPM International raised costs on customers to respond to Sullivan’s tariffs. Sullivan has also made several suspiciously timed stock trades in RPM, having repeatedly reported selling shares shortly before significant price drops.

“This Fat Cat Week, we know that Dan Sullivan’s self-interest knows no bounds,” said Alaska Democratic Party Chair Eric Croft. “Sullivan has profited off of tariffs at the expense of Alaskans and made trades while having access to insider knowledge. Alaskans will remember this disqualifying behavior at the ballot box in November when they vote Dan Sullivan out.”

Sullivan has repeatedly backed the tariffs that are inflicting financial pain in Alaska, “which imports most of its consumer goods and food [… and the] price increases from the tariffs have become increasingly difficult to dismiss.” In response to Sen. Sullivan’s tariffs, RPM “relocated manufacturing […] and raised prices” on consumers and “[paid] out nearly $350 million in cash dividends and stock buybacks, a 7.3 percent increase over the prior year” for shareholders – including Sullivan.