Tulsi Gabbard (born April 12, 1981) is my favorite American politician because she is a U.S. Representative for Hawaii’s 2nd congressional district since 2013. My father was born and raised in Oahu, and I’ve been going back to Hawaii for the past 41 years.
Following her election in 2012, she became the first Samoan American and the first Hindu member of the United States Congress. She is a member of the Democratic Party.
Like my father who served in Vietnam, Gabbard served in the U.S. military. Gabbard was part of the Hawaii Army National Guard in a combat zone in Iraq from 2004 to 2005 and was deployed to Kuwait from 2008 to 2009.
Gabbard previously served in the Hawaii House of Representatives from 2002 to 2004. When she was elected to the Hawaii House of Representatives at age 21, Gabbard was the youngest woman to be elected to a U.S. state legislature. Gabbard was a vice chair of the Democratic National Committee until February 28, 2016, when she resigned to endorse Senator Bernie Sanders for the 2016 Democratic presidential nomination.
As of 2020, Gabbard supports abortion rights, Medicare for All and same-sex marriage; she opposed the Trans-Pacific Partnership. She is critical of interventionism in Iraq, Libya, and Syria. She also denounced U.S. involvement in the Yemeni Civil War and is outspoken against intervention in the 2019 Venezuelan presidential crisis.
Her opposition to removing Syrian President Bashar al-Assad from power by force and her voting and lobbying against LGBT rights prior to 2005 have attracted controversy. She has since changed her views concerning LGBT rights.
On January 11, 2019, Gabbard announced her campaign for the Democratic nomination for President of the United States in 2020. She failed to win the Democratic nomination and dropped out. Perhaps she will run again in 2024.
Given this is a personal finance site about building wealth to live our best lives, let’s take a look at Tulsi Gabbard’s estimated net worth.
Tulsi Gabbard Net Worth And Income
Tulsi Gabbard has a relatively modest net worth, estimated at about $550,000 as of 2020.
Below is a snapshot from OpenSecrets.org of Gabbard’s 2015 assets. Given the stock market has gone up by ~35% since 2015, Gabbard’s net worth based on her 2015 assets has likely gone up to $350,000.
Gabbard also has liabilities included a home mortgage valued between $500,000 and $1 million. After she got married to Abraham Williamson in 2015, they bought a house. Given it is standard to put down 20%, Gabbard likely has home equity worth about $150,000.
Combining Gabbard’s equity investments with her housing equity equals a net worth of roughly $500,000.
With a Congresswoman salary of $174,000, Gabbard should be able to save at least $20,000 a year for her retirement.
Tulsi Gabbard Still Has A Ways To Go
It is highly unlikely Gabbard will with the Democratic nomination for presidency given her lack of experience. She is in a crowded field with Bernie Sanders, Joe Biden, Elizabeth Warren and other more experienced candidates.
Given Gabbard is only 37 years old, she still has a lot of time to grow her net worth to multi-millionaire status like most of her colleagues in Congress. The key is for her to save and invest aggressively while also keep tracking of her finances.
The best way Gabbard and all of us can grow our net worths is to leverage technology by digitally tracking our net worth each month. Utilize an award-winning, free tool like the one from Personal Capital to get a holistic overview of your finances.
Once you link all your financial accounts, Personal Capital helps you x-ray your investment portfolios for excessive fees and also has a fantastic Retirement Planner to calculate your retirement cash flow.
There’s no rewind button in life. You don’t want to end up with no money when you’re in your 60s and 70s and have to return to work making minimum wage.