- There are currently seven major candidates vying for the Democratic presidential nomination – and they all come from markedly different financial backgrounds.
- The net worth of 2020 candidates ranges from Mayor Pete Buttigieg, whose net worth was estimated at around $US100,000, to former New York City Mayor Michael Bloomberg, who is worth an estimated $US64.2 billion.
- Here’s everything we know about the net worth and personal finances of every 2020 Democratic presidential candidate.
- Visit Business Insider’s homepage for more stories.
There are currently seven major candidates vying for the Democratic presidential nomination – and they all come from vastly different financial backgrounds.
Mayor Pete Buttigieg, who is estimated to be worth about $US100,000, gave up a comfortable consulting job at McKinsey for a life in public service. He and his husband have been also been open about being among the ranks of millennials still paying off student loan debt.
Other contenders, like billionaire Democratic activist Tom Steyer, who dropped out of the presidential race on February 29, and former New York City Mayor Michael Bloomberg, the eighth-richest individual in the United States, are extraordinarily wealthy billionaires from success in the private sector.
The Democratic candidates who have recently run for federal office or served in Congress or another federal government position have filed personal financial disclosure forms listing their assets and liabilities.
But because members are only required to report those figures in wide ranges, we don’t know the exact net worth of most of the candidates. And for others who haven’t recently filed any formal financial disclosures or released tax returns, we only have limited information about their salaries and assets.
Here’s everything we know about the net worth and personal finances of every 2020 Democratic presidential candidate, thanks to data collected by Forbes, the Centre for Public Integrity and the Centre for Responsive Politics.
Pete Buttigieg earned an annual salary of $US104,000 as the mayor of South Bend, Indiana, and had an estimated net worth of $US100,000 as of last summer, according to Forbes.
In 2015, the Centre for Responsive Politics estimated that Rep. Tulsi Gabbard of Hawaii had a net worth of $US208,504. More recently, Forbes has placed her net worth at $US500,000.
Forbes estimates Sen. Amy Klobuchar and her husband John Bessler’s net worth at approximately $US2 million.
Sen. Bernie Sanders earned more than $US2 million from book sales in 2016 and 2017 alone and reported a little over $US560,000 in income in 2018. Forbes places his and his wife Jane Sanders’ net worth at $US2.5 million.
Former Vice President Joe Biden and his wife Jill Biden earned $US15.6 million in income between 2017 and 2018 from book royalties and paid speaking engagements, according to financial disclosures. Forbes estimates their net worth at $US9 million.
Sen. Elizabeth Warren’s 2017 financial disclosures placed her net worth between $US4.6 and $US10.6 million. Now, Forbes estimates her and her husband Bruce Mann’s combined net worth from the value of their properties and retirement accounts at $US12 million.
Michael Bloomberg, the eighth-wealthiest individual in the United States, is worth an estimated $US55.4 billion.