The top Democratic Presidential candidates from 2020 include Joe Biden, Bernie Sanders, Kamala Harris, Pete Buttigieg, Elizabeth Warren, Beto O'Rourke, Andrew Yang, and Tulsi Gabbard. Given Biden is unbelievably running again in 2024, the 2024 Democratic presidential candidates are really only Biden, Michele Obama, and Gavin Newsom.
Below is CNN's own Democratic 2020 power rankings.
Given there are so many Democratic Presidential candidates, let's just look at the top ones.
Net Worths Of The Top Democratic Presidential Candidates
Joe Biden: Biden left his role as Vice President with a net worth of close to zero. But since then, his net worth has skyrocketed. It's between $5 – $8 million thanks to a multi-millionaire dollar book deal he signed.
Kamala Harris: Harris has a net worth of between $1.5 – $2 million herself. But she's married to a partner at a law firm. This means their combined net worth is likely closer to $10 million given their age, income, and seniority.
Beto O'Rourke: Despite classifying himself as an everyday man, O'Rourke is worth at least $10 million. His wife is likely worth in the tens of millions given her father is worth a half a billion dollars.
Tulsi Gabbard: Gabbard is one of the least wealthy candidates with a net worth of only around $500,000. At only 37 in 2019, she hasn't had enough time to let her investments compound. She also served in the military, which doesn't pay very well.
Bernie Sanders: The leader of the Democratic Socialist movement is actually worth between $5 – $10 million. Given his advanced age, Sanders has been able to see his investments compound over a 50 year period since graduating from law school.
Alexandria Ocasio-Cortez: AOC is a media darling and will likely ascend in the political rankings. Just a year before becoming a congresswoman, she was waiting tables to pay off her student loans and survive. Therefore, her net worth in 2019 is roughly zero. But in 10 years, AOC should become a millionaire by the age of 39. AOC's net worth will be much higher than you think.
Peter Buttigieg: At 37, Buttigieg is also quite young. He has been earning about $100,000 a year since he was about 25 years old as a consultant and Mayor of South Bend, Indiana. Buttigieg's net worth is approximately $500,000.
Democrats Are Quite Wealthy
All the Democratic Presidential candidates are either millionaires or likely will become millionaires within the next 10 years. The wealthiest Democrat in office now is Nancy Pelosi, who is worth an estimated $200 million.
The key to growing a healthy net worth like all these Democratic Presidential candidates is to keep track of your net worth like a hawk. Check out the award-winning, free financial tool by Personal Capital to track your finances.
With Personal Capital, you can analyze your investments for excessive fees, better plan for your retirement, and more efficiently optimize your finances.
Invest in Real Assets To Build Your Net Worth
Another favorite way to grow your net worth is to invest in real estate strategically through real estate crowdfunding. Real estate crowdfunding has democratized access to commercial real estate deals that were once available only to the ultra wealthy. This is exactly what the Democrats wanted when Obama passed the 2012 JOBS Act to allow investment opportunities to more common people.
Check out Fundrise for free. They are the most innovative and largest platforms today. Investing in real estate long term is one of the best paths to wealth in America. Now you can invest for less money and not have to deal with maintenance and tenant hassle.
There’s no rewind button in life. Leverage the internet to make your finances better.
About the Author: Sam worked in finance for 13 years. He received his undergraduate degree in Economics from The College of William & Mary and got his MBA from UC Berkeley. In 2012, Sam was able to retire at the age of 34 largely due to his investments that now generate roughly $250,000 a year in passive income. He spends time playing tennis, taking care of his family, and writing online to help others achieve financial freedom too.
Sam started Financial Samurai in 2009, one of the largest independently owned personal finance sites in the world.