Early Life and Career
Nelson was born in McCook, in southwestern Nebraska. He is the only child of Birdella Ruby (née Henderson) and Benjamin Earl Nelson. He earned a B.A. in 1963, an M.A. in 1965, and a J.D. in 1970 from the University of Nebraska-Lincoln.
Nelson made his name and money in the insurance industry. After graduating from law school, Nelson landed a job as assistant general counsel for Central National Insurance Group of Omaha. In 1975, he became state insurance director before going back to work for Central National Insurance as an executive vice president and eventually president. He won his first elected office in 1990 when he became governor of Nebraska.
In 2011, Nelson was named one of the wealthiest members of Congress, with an estimated net worth of at least $6.6 million. He owns investment and rental properties in Nebraska, in Washington, and in Chicago; he and his wife both have significant holdings of Berkshire Hathaway stock.
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