Pete Ricketts
Photo: United States Congress, Public domain, via Wikimedia Commons21

Pete Ricketts

American politician (born 1964)

John Peter Ricketts (born August 19, 1964) is an American businessman and politician serving as the junior United States senator from Nebraska since 2023. A member of the Republican Party, he served as the 40th governor of Nebraska from 2015 to 2023.2

From Wikipedia’s article on Pete Ricketts (this version), CC BY-SA 4.0.

Born Aug 19, 1964.1

About

Ricketts is the eldest son of Joe Ricketts, founder of TD Ameritrade. He is also, with other family members, a part owner of Major League Baseball's Chicago Cubs. Ricketts unsuccessfully ran for the U.S. Senate in 2006, losing to incumbent Ben Nelson. He ran for governor of Nebraska in 2014, and after narrowly winning the six-way Republican primary, won the general election. He was reelected in 2018. As governor, Ricketts approved various budgets and tax cuts and was a firm supporter of capital punishment; in 2018 the state carried out its first execution since 1997.

Ricketts left office after his second term as governor expired on January 5, 2023; a week later he was appointed to the U.S. Senate by his gubernatorial successor, Jim Pillen, to fill the vacancy created by Ben Sasse's resignation. He won the election to complete Sasse's term in the 2024 special election, and is running for reelection in 2026.

From Wikipedia’s article on Pete Ricketts, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • 1982Westside High School3
  • 1986University of Chicago Bachelor of Arts; biology3
  • 1991Booth School of Business Master of Business Administration3

Ricketts was born in Nebraska City on August 19, 1964, the oldest of four children of Joe Ricketts and Marlene (Volkmer) Ricketts. The family later moved to Omaha. Joe Ricketts founded First Omaha Securities in 1975, one of the first discount stockbrokers in the United States. It prospered, changing its name to Ameritrade, going public in 1997, and changing its name to TD Ameritrade after acquiring TD Waterhouse in 2006. Marlene was a teacher.

Ricketts and his siblings, Tom, Laura, and Todd, all attended Westside High School in Omaha, from which Ricketts graduated in 1982. He attended the University of Chicago, receiving a Bachelor of Arts in biology in 1986 and a Master of Business Administration in marketing and finance in 1991.

From Wikipedia’s article on Pete Ricketts (this version), CC BY-SA 4.0.

Career

Occupation: politician, governor, businessperson.7

  • Since 2025United States senator5
  • 2023 to 2025United States senator5
  • 2015 to 2023Governor of Nebraska5 6
  • 2009 to 2019Board of directors member, Chicago Cubs4
  • 2007 to 2013President, Platte Institute for Economic Research4
  • 2007 to 2013Trustee, American Enterprise Institute4
  • 1993 to 2006Chief operating officer, TD Ameritrade4
  • Date not recordedWorked at Union Pacific Railroad4

After completing graduate school, Ricketts returned to Omaha. He worked for the Union Pacific Railroad for a year, then as a salesman for a Chicago environmental consultant. In 1993, he went to work for his father's business, initially in the call center for a few months, and subsequently appointed by his father to a number of executive positions, ultimately becoming the company's chief operating officer during his father's tenure as CEO. In a 2006 report, he stated his net worth at between $45 million and $50 million.

In 1997, Ricketts married Susanne Shore. A native of Garden City, Kansas, Shore grew up in Tulsa, Oklahoma, and earned a bachelor's degree in English and then an MBA from Oklahoma State University. After a stint working for the dean of students at the University of South Dakota, she came to Omaha to complete a one-year course in nursing at Creighton University. At the time of her marriage to Ricketts, she was working as a nurse at St. Joseph's Hospital in Omaha. Ricketts and Shore have three children.

In 2006, Ricketts left Ameritrade to run for the U.S. Senate. After his loss to incumbent Ben Nelson, he returned to the company's board, remaining until the Ricketts family relinquished its board seats in 2016.

In 2007, Ricketts co-founded, and became director and president of the Platte Institute for Economic Research, which he called a "free market think tank", and which Nebraska newspapers have called "conservative". He resigned from the organization in 2013 to concentrate on his 2014 gubernatorial campaign. From 2007 to 2012, Ricketts was a national committeeman for the Republican National Committee; from 2007 to 2013, he was a trustee of the American Enterprise Institute.

From Wikipedia’s article on Pete Ricketts (this version), CC BY-SA 4.0.

Personal life

  • BornAug 19, 1964, Nebraska City8
  • CitizenshipUnited States9
  • ResidenceNebraska Governor's Mansion10
  • Children311

Ricketts is Catholic and is a member of the Knights of Columbus and a Knight of the Holy Sepulchre. He is married to Susanne Shore, a Democrat, and endorsed her 2026 candidacy for a seat on the University of Nebraska Board of Regents.

From Wikipedia’s article on Pete Ricketts (this version), CC BY-SA 4.0.

Politics

Abortion

Ricketts supports a total ban of abortion, with no exceptions for rape or incest.

Affirmative action

Before becoming governor, Ricketts supported an initiative to ban affirmative action in Nebraska, donating $15,000 to a group behind the effort.

Critical race theory

In 2021, Ricketts said he opposed critical race theory. Asked to explain what critical race theory was, Ricketts said it was "one that really starts creating those divisions between us about defining who we are based on race and that sort of thing and really not about how to bring us together as Americans rather than—and dividing us and also having a lot of very socialist-type ideas about how that would be implemented in our state." Ricketts also called it "Marxist" and "really un-American."

Read more

Death penalty

Ricketts supports the death penalty. In 2015, while governor, he vetoed a bill to abolish capital punishment in Nebraska, but the legislature overrode his veto. In 2016, Ricketts spent part of his family fortune to finance a referendum to reinstate capital punishment in the state. The referendum passed, and in 2018 the state executed Carey Dean Moore, the first inmate put to death in the state in 21 years. Ricketts, a Catholic, rebuffed calls from the Catholic Church to halt executions.

Donald Trump

Ricketts criticized the impeachment of Donald Trump over his request that Ukraine start an investigation into his political rival Joe Biden. Ricketts said the impeachment proceedings were a "partisan impeachment parade" and praised the Senate for acquitting Trump.

Cannabis

Ricketts opposes legalization of medical cannabis. In 2019, he said that its "medicinal value has not been tested" and cited studies suggesting that cannabis adversely affects brain functions. He also pointed to overdoses of the synthetic cannabinoid K2 as a "reminder of how dangerous cannabis can be". In 2021, while the Nebraska legislature was contemplating legalizing medical cannabis, he said, "If you legalize marijuana, you're gonna kill your kids. That's what the data shows from around the country."

Economy

As governor, Ricketts signed legislation enacting $12.7 billion in tax cuts. He was among the 31 Senate Republicans who voted against final passage of the Fiscal Responsibility Act of 2023. In 2025, he voted for the One Big Beautiful Bill Act, which was estimated to increase the federal deficit by more than $4 trillion. Ricketts said, "the One Big Beautiful Bill is a once-in-a-generation opportunity to deliver for Nebraska."

Environment

Ricketts opposed the Obama administration's Clean Power Plan to reduce greenhouse gas emissions. He supported the Keystone XL Pipeline, saying it would "create jobs here in Nebraska, lots of tax revenues here in Nebraska, of course help us become less dependent on foreign oil."

In 2021, Ricketts said he opposed a proposal by President Joe Biden to preserve 30% of the nation's land and water by 2030, calling it a "radical climate agenda."

In the Senate, Ricketts serves on the Senate Committee on Environment and Public Works. He has been a vocal critic of what he calls "detached from reality" mandates from the Biden administration. Ricketts has also opposed Biden's efforts to expand the definition of the Waters of the U.S. rule and has opposed "new proposed vehicle emissions regulations, which were designed to increase sales of electric vehicles."

Foreign policy

Ricketts has strongly opposed the second Trump administration's plan to sell advanced AI chips to China.

In 2026, Ricketts supported Trump's decision to enter the 2026 Iran war, and voted against a measure intended to limit it through a war powers resolution. About Pope Leo XIV's critical statements regarding the US–Israeli military operation against Iran, Ricketts said: "The president and the pope have two very different jobs. The president's job is to keep the people of the United States safe. The pope's job is the spiritual welfare of the world. … If your mother and father were fighting, would you want to take a side or would you want to try to de-escalate?"

Political contributions

In July 2022, Ricketts contributed $250,000 to a political action committee created to oppose the U.S. Senate campaign of Eric Greitens in advance of Missouri's August primary election.

Second Amendment

As governor, Ricketts designated Nebraska as a "sanctuary state" for the Second Amendment. He believes mental illness causes most mass shootings and has been critical of Biden's support for gun control.

From Wikipedia’s article on Pete Ricketts (this version), CC BY-SA 4.0.

Awards

  • Date not recordedKnight in the Order of the Holy Sepulchre12 13