How rich are the 2020 presidential candidates?
Almost all the candidates for 2020 are running on platforms advocating higher taxes on the wealthy, with the exception of President Donald Trump. Whether they advertise it or not, in the majority of cases they are referring to themselves — virtually all of the candidates in this election are millionaires.
Although calculating the net worth of public figures can be a difficult challenge, the Democratic presidential candidates for 2020 have made it easier by providing tax returns and other financial information to help us determine their total wealth. Many Democrats have made a point of being fully transparent with voters before 2020 about their financial situation, while others have not been as forthcoming. Read below to find out the estimated net worth of the top presidential candidates.
Estimated Net Worth: $3.1 billion
President Donald Trump has based his presidential campaign around the premise that he is a successful businessman who knows what it takes to bolster the economy and put Americans to work. Therefore, it comes as no surprise that Trump’s wealth significantly exceeds that of his opponents.
Tracking down a specific number for Trump’s net worth has been a challenge for economists and political analysts. The president has claimed his net worth is above $10 billion, but most independent analysts estimate it at $3.5 billion or less. Forbes has estimated that his current net worth is around $3.1 billion.
Estimated Net Worth: $9 million
According to the 2020 Democratic primary polls, former Vice President Joe Biden is the candidate most likely to secure the party’s nomination. Biden’s net worth has varied significantly over his years in office. Early in his career as vice president, his net worth was actually negative due to an accumulation of debts and his mortgage.
However, ever since he left office, the current Democratic front-runner has seen his net worth explode. Today, his net worth is most likely abgove $9 million. He has reported bringing in more than $15 million in the years he has left the White House due to a vice presidential pension and a lucrative book deal.
Estimated Net Worth: $2.5 million
Although he has been consistent in his messaging, Bernie Sanders’ wealth has grown significantly since his last presidential run, thanks in part to multiple best-selling books. He has earned nearly $2 million from three books — “Our Revolution,” “Guide to Political Revolution” and “Where We Go from Here.”
In 2015, Sanders’s net worth was just under $750,000. During the 2016 election cycle, he was one of the least wealthy candidates in the running. Among Democrats in the 2020 election cycle, however, he can no longer claim that title. Some political pundits have criticized him for his wealth in light of his political message. However, Sanders defended his growing net worth, arguing that it was fairly earned since he wrote several best-selling books after the 2016 election.
Estimated Net Worth: $12 million
Like Bernie Sanders, Elizabeth Warren’s wealth has been called into question due to her progressive political stance. In 2019, her net worth was estimated at $12 million due to the combined income and assets of her and her husband Bruce Mann.
Both Elizabeth and Bruce have savings accounts available to educators worth at least $4 million. In addition, a Massachusetts property they purchased in the late ’90s has grown in property value, going from less than $500,000 to more than $3 million in 2019. Their real estate and savings accounts make up the bulk of their combined wealth, although a federal pension and some investments round out their total net worth.
Estimated Net Worth: $100,000
Of all the candidates in the 2020 Democratic primary, Pete Buttigieg has the lowest net worth. Most of Mayor Buttigieg’s value comes from his six-figure mayoral salary, which is generous for Indiana but paltry compared to the salaries for senators and vice presidents.
Buttigieg has described himself as “comfortably middle class” thanks to his six-figure salary and net worth. In 2018, he earned just over $158,000, making him one of the most well-paid mayors in the state. Nevertheless, when compared to the other candidates, his net wealth is comparatively small.
Estimated Net Worth: $1.5 million
Cory Booker’s net worth puts him at the millionaire level but still falls relatively short compared to other Democratic contenders. His estimated net worth is $1.5 million, thanks to stocks, investments and pensions. Before Cory Booker’s presidential run, he also accumulated wealth through book sales.
Senator Booker once received fundraising help from Jared Kushner and Ivanka Trump. The pair raised more than $40,000 for his 2013 Senate run, which puts Booker in a curious position for his 2020 run.
Estimated Net Worth: $6 million
Kamala Harris, one of the top Democratic nominees for the 2020 election, has a net worth of over $6 million with husband Douglas Emhoff. Although Harris grew up in a financially comfortable household, her financial status has changed significantly in her adulthood.
The pair of them have three homes worth a combined $5.8 million (and some unpaid mortgages). Additionally, they have retirement accounts worth nearly $1.5 million. Finally, Emhoff has assets tied to law firms he has previously worked at worth more than $1 million, which means the California family has plenty of wealth to go around.
Estimated Net Worth: $4 million
As one of the Democratic candidates in 2020, Beto O’Rourke has had to release financial records disclosing his total net worth. As of 2019, it’s estimated at $4 million. However, the bulk of that net worth comes from his marriage to his wife, Amy O’Rourke.
Formerly known as Amy Hoover Sanders, O’Rourke’s wife is the daughter of a real estate tycoon with a net worth exceeding $500 million. Some of that wealth has passed on to the O’Rourke family, making them one of the richest families in the House of Representatives. In addition, O’Rourke’s own family has property investments that have added to his significant net worth.