What Is Bernie Sanders Net Worth In 2020?
- Bernie Sanders Net Worth
- Bernie Sanders net worth 2020
- Bernie Sanders Income
- Bernie Sanders Early Life
- Bernie Sanders Early Career
- Bernie Sanders Senate
- Bernie Sanders Presidential Campaigns
- Recent estimates place Bernie Sanders's net worth just under $2 million.
- Most of his wealth has been recently acquired.
- Bernie Sanders Personal Life
- How Does Bernie Sanders Spend His Money?
- Bernie Sanders' Today
- Bernie Sanders' Taxes
- Bernie Sanders Net Worth: The Takeaway
- Real Estate
Bernie Sanders Net Worth
|Net Worth:||$3 Million|
|Date of Birth:||Sep 8, 1941 (78 years old)|
|Profession:||Politician, Writer, Researcher, Carpenter, Film Director|
|Nationality:||United States of America|
Bernie Sanders net worth 2020
Bernie Sanders is an American politician who has a net worth of $3 million dollars. Sanders has been a United States Senator representing Vermont since 2007. He has also undertaken a number of Presidential campaigns.
Bernie Sanders is a popular democratic socialist senator from Vermont. He rose to fame during the 2016 presidential election, which he lost. He is also running again for 2020. Considering how critical he is of the wealthy, he has received plenty of criticism himself because of his skyrocketing net worth. Even so, he is still one of the poorest members of Congress. Sanders earned his wealth from his government salary, real estate, investments, and his best-selling books.
Bernie Sanders Income
According to his 2015 financial disclosure, Bernie and his wife had $750,000 worth of assets at that time and up to that point they typically earned $250-$300,000 per year in total income. Bernie’s income started to soar after he published the book “Our Revolution” in 2016. Bernie earned a little over $1 million in 2016 and $1.1 million in 2017. In each of those years, roughly $800,000 of the couple’s earnings came from book advances and royalties. He and his wife Jane had a combined adjusted gross income of $561,000 in 2018 after his book earnings dropped to $393,000 for the period.
Between 1981 and 1989 he earned $33,700 per year as the mayor of Burlington, Vermont.
As a US Congressman between 1990 and 2005, Bernie earned between $90,000 and $140,000.
As a US Senator, he earns $174,000 per year in salary, beginning in 2005.
In June 2017 Bernie estimated his net worth to be $2 million after taking into account mortgages and retirement accounts.
As part of his 2020 Presidential campaign, Bernie released tax returns dating back to 2010. Here is how much Bernie and Jane Sanders earned combined:
2009 – $314,742
2010 – $321,592
2011 – $324,870
2012 – $280,954
2013 – $279,724
2014 – $205,617
2015 – $240,610
2016 – $1,062,626
2017 – $1,150,891
2018 – $561,293
Total = $4,742,919
Bernie Sanders Early Life
Bernard “Bernie” Sanders was born in Brooklyn, New York City on September 8, 1941. His father Elias worked as a paint salesman after he immigrated to the U.S. in 1921 from Austria-Hungary. His mother Dorothy was born in NYC. Growing up in Midwood Brooklyn, Sanders was raised in the Jewish faith. He attended James Madison High School, where he was captain of the track team. He ran for student body presidency but finished last. Bernie lost both of his parents young, with his mother dying just after he graduated high school at the age of 46, and losing his father just a few years later. Sanders went to Brooklyn College before transferring to the University of Chicago and graduating with a bachelor’s degree in political science in 1964.
Sanders was heavily involved in political activism during his time in Chicago. He joined the Young People’s Socialist League and was active in movements for racial equality. He participated in numerous rallies and sit-ins to protest his university’s segregated campus housing policy. In March 1963, he traveled to Washington to see Martin Luther King, Jr. give his legendary “I Have a Dream” speech. Sanders was also actively involved in antiwar and peace movements throughout college.
Bernie Sanders Early Career
Sanders returned to NYC after he graduated college and held a wide variety of various jobs before moving to Stannard, Vermont in 1968, and continued odd jobs including writing articles for alt publication The Vermont Freeman. In 1972, his political career began when he ran unsuccessfully as the Liberty Union candidate for Vermont governor and as a candidate for U.S. senator in 1972 and 1974.
He finished third in 1974. He finally scored political gains by running for Mayor of Burlington, Vermont and winning by just twelve votes. Bernie served as mayor from 1981 to 1989, (re-elected three times) and became known for his self-described Socialist views and outspoken nature.
U.S. House of Representatives: The political underdog seemed an unlikely candidate for national office, but clinched a 1990 seat as an independent in the U.S. House of Representatives. In his early days in the House, he alienated colleagues with his outspoken criticism of both parties.
He admonished politicians who were on the side of the wealthy versus the average or poor American and famously voted and advocated for banking reform. Bernie was a vehement opposer of 2001’s Patriot Act and the war in Iraq. Rolling Stone called Sanders the “amendment king” in 2005, citing his ability to get more amendments passed than any other congressman since 1995. Sanders served as a representative for sixteen years, from 1991 until he became a senator in 2007.
Bernie Sanders Senate
On April 21, 2005, Sanders entered the race for the U.S. Senate when Jim Jeffords announced he was not seeking reelection. Sanders had the support and endorsement of both Chuck Schumer and then-senator Barack Obama, as well as the support of Howard Dean and Senate Minority Leader Harry Reid. He defeated Rich Tarrant, who had spent $7 million of his own wealth on his campaign, by a large margin, and went on to be re-elected with 70% of the vote in 2012 and 2018.
As a Sentator Bernie has sponsored many important bills that have become law, such as the Veterans’ Compensation Cost-of-Living Adjustment Act of 2013. He voted against the Troubled Asset Relief Program, otherwise known as The Wall Street Bailout in 2008 and 2009. In 2010, Sanders famously held an 8-hour filibuster against George Bush’s Tax Relief act of 2010, which consisted of major proposed tax cuts for the wealthy. In 2010, he supported the DREAM Act, which aimed to provide a path to citizenship for undocumented minors who immigrated into the U.S.
Notoriously a defender of healthcare for all, he successfully added a provision to the Affordable Care Act to provide $11 billion to rural community health centers in 2009. In response to the House’s vote to repeal and replace the ACA in 2017, he co-sponsored the Medicare for All bill, a single-payer health care plan, along with 15 other Senate co-sponsors. Bernie has also been vigilant in introducing and sponsoring bills that support a living wage and a hike in the minimum wage. He is consistently liberal on social issues such as LGBTQ rights, is pro-choice, anti-death penalty, and considers himself a feminist. He has been vocal and open about his opposition and criticism of the Trump administration.
Bernie Sanders Presidential Campaigns
On April 30, 2015, Bernie announced his intention to seek the Presidential nomination for the Democratic Party for the 2016 election. During his primary race, Sanders relied almost solely on grassroots and small individual donations rather than Super PACs, and unprecedented move that ended up breaking the fundraising record for most contributions at a certain point in his campaign. In February 2016, it was reported that he had received $3.7 million contributions from 1.3 million contributors. By March of that year, the campaign had raised over $96 million. Ultimately, Hilary Clinton won the nomination, and Sanders formally endorsed her on July 12, 2016.
No longer considered an underdog, in February 2019, Sanders announced that he would be running for president again in 2020. The campaign employed the same grassroots funding attempts, along with social media as a key tool in organizing efforts. The campaign recruited over one million volunteers within weeks of his announcement. On February 11, 2020, Sanders claimed victory at the New Hampshire primary.
Recent estimates place Bernie Sanders’s net worth just under million.
Last summer, Forbes placed Sanders’s worth at $2.5 million, while Politico reported it was a little under $2 million. The Center for Responsive Politics, which reports a minimum and maximum estimate for each candidate, calculates that the real figure is likely between $729,030 and $1,837,701.
Most of his wealth has been recently acquired.
The lawmaker grew up in a lower-middle-class household in Brooklyn’s Flatbush neighborhood, the child of a Polish immigrant who worked as a paint salesman, and a stay-at-home mother.
This upbringing helped form Sanders’s worldview, as he himself has often said. His brother Larry explained to NPR in 2015 that his parents often fought about money. “They didn’t really know whether they’d have the rent the following month,” Larry said, later adding, “And I think what Bernard and I took from that is that financial problems are never just financial problems. They enter into people’s lives in very deep and personal levels.”
Amazon founder Jeff Bezos' wealth increases by $275 million every single day. Meanwhile, Amazon workers have to rely on food stamps and public assistance just to survive. This is what a rigged economy is all about. pic.twitter.com/Ty7ECxvOkl
— Bernie Sanders (@SenSanders) May 22, 2018
Sanders didn’t stop there — he has (along with others like President Trump) repeatedly accused Amazon of not paying taxes, according to an article on CNET.
“I remain deeply concerned about Amazon, an enormously profitable corporation, paying workers wages that are so low that they are forced to depend on federal programs like Medicaid, food stamps and public housing for survival,” Sanders reportedly said. “At a time of exploding profits, I would hope that Amazon would pay everyone who works in your fulfillment centers a living wage.”
I stand with the Amazon workers fighting for decent working conditions and a living wage on #PrimeDay.
While Jeff Bezos' wealth increases by $275 million a day, Amazon workers are afraid to take bathroom breaks at work and are grossly underpaid. https://t.co/FRg0qz5ca9
— Bernie Sanders (@SenSanders) July 16, 2018
Bernie Sanders Personal Life
Sanders was married to college sweetheart Deborah Shiling from 1964 to 1966. He has one biological child, Levi (b.1969) with Susan Mott. In 1988, Sanders married Jean O’Meara Driscoll. He is stepfather to Jean’s three children, Dave, Carina, and Heather. He has seven grandchildren. He has written six books, including a published speech of his famous filibuster.
What Religion is Bernie?
Sanders was born into a Jewish family (his parents were Polish immigrants) and states that he is proud to be Jewish. However, he hasn’t acknowledged Judaism as his religion, so people are unsure whether he practices.
Bernie’s Bottom Line
Overall, Bernie Sanders is one of the most popular choices for the 2020 presidential election. Many criticize the fact that Bernie Sanders’s net worth has jumped into the millions in the past couple of years. However, this didn’t seem to happen with bad intentions in mind. He simply wrote a couple of best-selling books. Despite being nearly 80 years old, some think Bernie has a good chance to become the next President of the United States.
How Does Bernie Sanders Spend His Money?
While the senator has long been critical of the top 1%, Sanders allegedly dropped some $600,000 on a beach house in 2016 in Vermont’s Lake Champlain Islands. Additionally, the senator attracted some controversy over several of his other purchases, including a jacket that prompted Newsweek to shoot out a headline stating “Socialist Bernie Sanders wears a $700 jacket while complaining about rich people.”
Still, compared to countless other fellow millionaires, like Tiger Woods and Ronaldo, Sanders’ spending habits are meek, at best.
Sanders and his wife Jane reportedly have a 30-year mortgage of $50,000-$100,000 for a condo in Washington, D.C., according to Politico. And, in 2014, Sanders and his wife allegedly gave some $8,350 to charity, according to CBS.
Bernie Sanders’ Today
The 78-year-old seems to show no signs of slowing down – even after undergoing a heart procedure in late 2019. As a current senator, Sanders may be focused on the 2020 presidential nomination.
But the senator has recently accumulated what Politico called a “growing string of losses” among fellow democrats in 2018 whom Sanders has backed or supported. Among others, the senator-approved candidates for mayor in Omaha and for House in Montana lost their races last year, with more of his picks losing in Kansas primaries and a Michigan governor race.
In fact, Sanders’ favorites’ recent losses could call into question the strength of the platform on which the senator would run if he decided to chase the 2020 presidency, as some reports claim.
Bernie Sanders’ Taxes
During the presidential race in 2016, Sanders released his tax returns, which detailed what a Forbes writer deemed a “boring” report of the law-abiding senator’s finances.
However, some noted that Sanders’ Social Security deductions bordered on hypocritical, given the senator’s position on the wealthy paying Social Security taxes on all their income: He only paid taxes on 85% of them in 2016.
Still, Sanders’ taxes have seemed fairly normal and straightforward — which surely is a good thing for Sanders, given his scrutiny of corporate and CEOs taxes in the past.
Bernie Sanders Net Worth: The Takeaway
As capitalists, our ideas on how to create a better world for everyone differ greatly from Sanders’ ideas. Where socialism calls for public, cooperative, or collective ownership of the means of production, we beg to differ. We strive to dispel the theory that the government is the best solution to problems, and it instead strives to empower individuals to take personal responsibility for their actions. We promote the ideals of entrepreneurship, small government, high achievement, and solving global problems through personal responsibility and profit.
Plus, where Bernie might be rooting against you building your net worth, we root FOR you. In fact, we’ve built a whole community for entrepreneurs who want to build a business, invest the profits, and create change in the world.
Bernie and Jane Sanders own three homes. In 2009 they bought what is now their primary home, a 4-bedroom property in Chittenden County Vermont, for $405,000. They took out a $324,000 mortgage from Congressional Federal Credit Union for the purchase. According to Zillow their home is 2,300 square-feet with four bedrooms and is currently valued at around $440,000.
In 2007 they bought a townhouse in Washington D.C. for $488,999. Zillow estimates that this home is worth $685,000, though recent similar homes have sold for $800,000 or more.
In 2016 they bought a vacation home on Lake Champlain in Vermont for $575,000. The property had been previously listed for $775,000. It’s a two-story log cabin-style home covering 1.1 acres.