Pete Ricketts

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.

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.

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.

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.

In 2009, the Ricketts family trust bought the Chicago Cubs of Major League Baseball (MLB) from Tribune Media. Ricketts stepped down from the Cubs' board of directors in 2019 to focus on being governor.

As part owner of the Cubs, Ricketts has a 2016 World Series title to his credit, as they won the championship that year, defeating the Cleveland Indians.

In the 2014 election, Ricketts ran for the Nebraska governorship. The incumbent, Dave Heineman, was barred by Nebraska's term-limits law from running for reelection. Two candidates considered strong contenders for the Republican nomination withdrew by early 2013: Lieutenant Governor Rick Sheehy, who was embroiled in a scandal; and Speaker of the Legislature Mike Flood, whose wife had been diagnosed with cancer. Ricketts officially joined the race in September 2013, at which point he and state auditor Mike Foley were regarded as the front-runners in a race that also included State Senators Charlie Janssen, Beau McCoy, and Tom Carlson. In February 2014, Janssen withdrew, and Nebraska Attorney General Jon Bruning declared his candidacy. Despite his late entrance, Bruning supplanted Ricketts as the perceived front-runner.

Ricketts won the May 2014 primary with 26.6% of the vote to Bruning's 25.5%, McCoy's 20.9%, Foley's 19.2%, Carlson's 4.1%, and Omaha attorney Bryan Slone's 3.7%. In the general election, Ricketts faced Chuck Hassebrook, who had run unopposed for the Democratic nomination. Hassebrook was a former member of the University of Nebraska Board of Regents, and former director of the Center for Rural Affairs, which calls itself "a leading nonprofit organization with a national reputation for progressive rural advocacy and policy work". Ricketts advocated tax reductions; Hassebrook argued that Ricketts's proposed cuts would primarily benefit the rich and deprive the state of funds for what he called needed public services. Ricketts opposed the proposed expansion of Medicaid under the provisions of the 2010 Patient Protection and Affordable Care Act; Hassebrook favored the expansion. Ricketts opposed an increase in the state's minimum wage; Hassebrook supported it.

Over the course of the general-election campaign, Ricketts outspent Hassebrook by a considerable margin. In the last spending report filed before the election, he stated that he had loaned his campaign $930,000, and that the organization had spent about $6 million. Hassebrook reported expenditures of slightly more than $2.5 million.

In the general election, Ricketts received 57.1% of the vote to Hassebrook's 39.2%. Libertarian Mark G. Elworth Jr. received 3.5%, and write-in votes accounted for 0.1%.

On June 5, 2017, Ricketts announced his candidacy for reelection. During his speech, he said "lowering property taxes" would be his main concern if he were reelected. He also asked Nebraskans to "rehire" Lieutenant Governor Mike Foley. Ricketts was reelected on November 6 with 59.0% of the vote.

Ricketts was the 2006 Republican nominee for the U.S. Senate seat held by Democrat Ben Nelson. His opponents in the primary were former Nebraska Attorney General Don Stenberg and former state Republican chairman David Kramer. Ricketts spent nearly $5 million of his own money, outspending his opponents 10–1 in winning the nomination.

Ricketts received some high-profile campaign assistance, most notably from President George W. Bush and Vice President Dick Cheney. Bush appeared at a campaign rally for Ricketts on November 5, 2006, just days before the election, in Grand Island, Nebraska.

Ricketts ran on a conservative platform, emphasizing fiscal responsibility, immigration reform, and agriculture, as well as championing a socially conservative platform opposing same-sex marriage and abortion. In all, he contributed $11,302,078 of his own money to his campaign, triggering the Millionaire's Amendment, which allowed his opponent to raise larger amounts from each donor. He spent more money than any Senate candidate in Nebraska history, but lost to Nelson by a margin of 36%–64%.

On January 8, 2023, U.S. Senator Ben Sasse resigned to become president of the University of Florida. On January 12, Jim Pillen, who had succeeded Ricketts as governor one week earlier, appointed Ricketts to the Senate. Ricketts's appointment was controversial, as he had financially supported Pillen's 2022 gubernatorial campaign. Pillen denied this had any role in his decision to appoint Ricketts. Ricketts was sworn in on January 23, 2023. Upon his appointment to the Senate, he announced that he would run in the 2024 special election to serve the remaining two years of Sasse's term.

In the special election to complete the remainder of Sasse's term, Ricketts defeated Democratic nominee Preston Love Jr., 62.6% to 37.4%.

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

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

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.

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.

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."

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.