What is Elizabeth Warren’s net worth?

Elizabeth Warren’s 2020 Presidential Campaign Is Underway. Here’s What We Know About Her Finances

What is Elizabeth Warren’s net worth?

Elizabeth Warren, the U.S. Senator, former Harvard law professor, and celebrated “antagonist in chief” of President Donald Trump, is competing in a crowded field of 2020 Democratic president candidates that includes Kamala Harris, Cory Booker, Amy Klobuchar, Kirsten Gillibrand — and possibly dozens of others.

Warren is often branded as a member of the Northeast liberal elite.

But the 69-year-old Senator from Massachusetts comes from a working-class family in Oklahoma, and she has spent most of her career trying to protect consumers against corporate greed and fraudulent financial products.

At the same time, Elizabeth Warren herself is quite wealthy: She lives in a home estimated to be worth $2 million, and she has collected well over $1 million in book advances and royalties.

Here’s what we know about 2020 presidential candidate Elizabeth Warren’s money and upbringing, where she stands on key political issues health care and taxes, and how she’s been affected by the infamous “Pocahontas” and “Nevertheless, She Persisted” controversies.

Elizabeth Warren: Her Early Days and Current Net Worth

Elizabeth Warren was born and raised in Oklahoma, “on the ragged end of the middle class,” she often says. Her father, a salesman and a janitor, had a heart attack when Betsy Herring (as Warren was then known) was 12, and he couldn’t work for months.

The family was able to save their home only after her mother got a job answering the phone for Sears and young Betsy started waiting tables at the age of 13.

Her three older brothers served in the military; Elizabeth was the first member of her family to earn a college degree.

Warren credits an Oklahoma teacher named Mrs. Lee as the inspiration for the way she followed her dreams, went to college, and became a teacher herself.

“No one in my family had graduated college; no one had told me I could amount to much of anything,” Warren recalled at a rally for teachers in Oklahoma last fall. “But when Mrs. Lee said ‘Yes, Ms.

Betsy, you can be a teacher,’ I never saw myself the same way again.”

At the age of 19, she married her high school sweetheart, Jim Warren, a mathematician who worked for IBM and NASA over the course of his career.

The young couple moved to Texas, and Elizabeth Warren earned a bachelor’s degree in speech pathology and audiology from the University of Houston in 1970 — and later taught at the university’s law school starting in 1978.

In between their stints in Texas, the Warrens lived in New Jersey and Elizabeth Warren received her law degree from Rutgers-Newark in 1976.

The Warrens had two children before divorcing in 1978. Two years later, she was remarried to Bruce Mann, a legal historian and law professor, but Elizabeth Warren kept her last name from her first marriage.

Warren and Mann have both taught law at multiple universities around the country.

Elizabeth Warren served as a law professor for more than 30 years, including periods on the faculty at Rutgers University, University of Texas-Austin, University of Pennsylvania, and Harvard.

Warren became a professor at Harvard Law School in the early ’90s, and was still working there when she launched her successful 2012 campaign to become a U.S. Senator representing Massachusetts. She cruised to an easy reelection as senator in 2018.

Elizabeth Warren’s net worth is generally estimated at $8 million. However, Roll Call ranks Warren as the 69th wealthiest member of Congress, with a net worth of $4.7 million.

According to the New York Times, released financial statements indicate that Elizabeth Warren and her husband have combined assets and investments worth between $4 million and $11 million. They bought a 3,700-square-foot home in Cambridge, Mass., in 1995 for $447,000, and today it is worth about $2 million.

A large chunk of Elizabeth Warren’s wealth comes from the millions she’s made as the author of a pair of best-selling books: 2014’s A Fighting Chance and 2017’s This Fight Is Our Fight: The Battle to Save America's Middle Class. Warren reportedly received a whopping $1.6 million advance for A Fighting Chance, and a $300,000 advance for her more recent book.

Warren has no debt. According to her disclosures, she paid off the last of her debt — estimated in the range of $15,000 to $50,000 — to Harvard University in 2013.

Elizabeth Warren 2020

Rumors swirled that Elizabeth Warren would run for president in 2016, but she never became a candidate. That allowed former Secretary of State Hillary Clinton and U.S. Senator Bernie Sanders to emerge as the Democratic party’s two main 2016 candidates. Though Warren’s progressive politics largely seem more in line with the liberal Sanders, she eventually endorsed Clinton for president.

“I am ready to get in this fight and work my heart out for Hillary Clinton to become the next president of the United States — and to make sure that Donald Trump never gets anyplace close to the White House,” Warren said in June 2016.

Obviously, that mission failed. But Warren has remained an outspoken critic of Trump before and after he became president.

She repeatedly called Trump “a loser” during the 2016 presidential campaign, making special note of his multiple bankruptcies and failed businesses.

In a memorable 2018 thread Warren described Trump as “a cowardly elitist who has never known or cared what life is for anyone who’s ever lived outside of a skyscraper in Manhattan.”

For his part, President Trump has been relentless in his attacks on Elizabeth Warren, regularly referring to her as “Pocahontas” due to Warren’s claim of distant Native American heritage.

(Warren apologized in early 2019 for listing her race as “American Indian” on employment and state bar registration forms years ago.

) He’s called her a “racist” and a “fraud,” despite the widespread criticism that Trump’s nickname for Warren and his Native American references are themselves offensive and racist.

Assuming Trump is the 2020 Republican candidate for president and the polarized state of U.S. politics in general, the campaign is bound to be extremely acrimonious no matter who winds up as the 2020 Democratic presidential candidate. But their history, a Donald Trump vs. Elizabeth Warren showdown could be particularly ugly.

Warren, who prides herself in the way she’s faced off against powerful forces on Wall Street, Congress, and the White House, gives all indications she’s up for the battle. “Rich guys have been waging class warfare against hard-working people for decades ,” Warren said in her speech announcing her candidacy for president. “ I say it’s time to fight back!”

As a progressive superstar candidate in a liberal state, Elizabeth Warren raised $42 million in her 2012 campaign for U.S. Senate in Massachusetts. Warren’s campaign committee raised another $26 million in 2018.

For her 2020 presidential run, Warren has vowed to rely on small donors and reject money from political action committees (PACs) — including her own, the Elizabeth Warren Action Fund, which representatives said was being closed in early 2019.

Elizabeth Warren on Taxes, Health Care, and Other Issues

Elizabeth Warren’s political identity was partly shaped by her research on consumer bankruptcy while she was a law professor at the University of Texas-Austin in the 1980s.

“If you do that kind of work, you get to recognize how many ordinary people are struggling, and how decent they are, and how the system makes life difficult for them,” recalled Jack Getman, a colleague of Warren’s on the UT faculty.

She went on to become one of the country’s foremost authorities on consumer bankruptcy and the economic pressures facing America’s middle class.

In 2004, she leaped to the national spotlight as the co-author of a book on the subject, The Two-Income Trap: While Middle-Class Mothers and Fathers Are Going Broke, and as an expert guest giving everyday people financial advice on the “Dr. Phil” show.

Around this time Warren became particularly concerned about confusing mortgages and other “gotcha” financial products, and some even say Warren predicted the financial collapse of 2008.

The year before, she published the landmark article “Unsafe at Any Rate,” which called for the creation of a “Financial Product Safety Commission” that would protect consumers against misleading and dangerous payday loans, credit cards, mortgages, and car loans.

In the aftermath of the financial collapse, such an agency was born — it wound up being called the Consumer Financial Protection Bureau (CFPB) — and in 2010 President Barack Obama appointed Elizabeth Warren to get it up and running.

Soon after, she had a meeting with Wall Street executives to listen to their concerns and explain her views on many financial products. “Where I come from, nobody calls fine print, hidden fees and surprise penalties ‘negotiated contract terms’ or ‘innovations,’” Warren said, according to the New York Times.

“On a polite day, my brothers in Oklahoma call that kind of stuff ‘garbage.’”

Bankers, Wall Street leaders, and many Republicans were deeply opposed to Warren herself being in charge of the new agency, and Richard Cordray, a Warren ally and former attorney general of Ohio, wound up as the first CFPB director.

Warren’s snub freed her up to run for U.S. Senate. In 2017 she became the “de facto leader of the anti-Trump resistance” — as well as a a meme and the inspiration for multiple children's books — after being chastised by Senate majority leader Mitch McConnell during the “Nevertheless, She Persisted” showdown over Trump’s nomination of Jeff Sessions for U.S. Attorney General.

As a 2020 Democratic presidential candidate, Elizabeth Warren says she will rebuild the middle class and end Washington corruption.

She supports universal childcare, relief for student loan debt, universal health care by way of “Medicare for All,” free public college, and a wealth tax she’s dubbed as the “Ultra-Millionaire Tax,” which would tax the assets (not just the income) of the 0.1% of U.S. households with a net worth over $50 million.

Warren also supports more transparency and accountability from presidential candidates, and from President Trump himself. She put her past 10 years of tax returns online, and said that other 2020 candidates and Donald Trump should release their tax returns so that the public can view their financial interests — and possible conflicts of interest.

Источник: https://money.com/elizabeth-warren-2020-net-worth-taxes-health-care/

Who is Elizabeth Warren and what is her net worth?

What is Elizabeth Warren’s net worth?

DEMOCRAT Elizabeth Warren has been the senator of Massachusetts since 2013.

Warren, 71, was a strong candidate in the 2020 Democratic Party presidential primaries.

Democratic Senator Elizabeth WarrenCredit: Getty – Pool

Who is Elizabeth Warren?

Born June 22, 1949, Warren is a politician and former law professor at several prestigious law school's – specializing in bankruptcy law.

A graduate of the University of Houston and Rutgers Law School, she taught at universities such as the University of Houston, the University of Texas at Austin, the University of Pennsylvania and Harvard University.

Warren was one of the most influential professors of bankruptcy law before beginning her career in politics.

She has written eleven books and more than 100 articles.

Prior to her career in politics, Warren was a law professor at various universities around the countryCredit: Splash News

Warren got started in public policies in 1995, when she worked to oppose what eventually became a 2005 act restricting bankruptcy access for individuals.

She served as chair of the Congressional Oversight Panel of the Troubled Asset Relief Program, and she proposed and established the Consumer Financial Protection Bureau, for which she served as the first special advisor under President Barack Obama.

In 2012, Warren defeated incumbent Republican Scott Brown and became the first female US senator from Massachusetts.

During her ran in the 2020 presidential election, she was highly considered the front-runner for the Democratic nomination in late 2019, but support for her campaign slowly declined.

She officially withdrew from the race on March 5, 2020.

What his her net worth?

Warren has a net worth of $8million, according to Celebrity Net Worth.

Warren has been the senator of Massachusetts since 2013Credit: Splash News

What is Warren's 'ultra-millionaire' wealth tax bill

On March 1, Warren introduced a bill in the Senate that would impose a new tax on the assets of America's wealthiest individuals.

The bill, which was introduced by Warren, Pramila Jayapal (D-Wash) and Brendan Boyle (D-PA), is similar to a proposal that was the centerpiece of Warren's campaign for the presidency in 2020.

The bill would levy a 2 percent tax for people with a net worth between $50million and $1billion.

Taxpayers with assets worth over $1billion would be subject to a 3 percent tax.

However, the tax would not apply to people whose net worth is below $50million.

The bill's sponsors estimate that it would raise $2.75trillion in tax revenue over a ten-year period.

Elizabeth Warren introduced an 'ultra-millionaire' wealth tax bill in the Senate on March 1Credit: AP:Associated Press

What did Treasury Secretary Janet Yellen say about Warren's proposal?

In February, Treasury Secretary Janet Yellen said she isn't planning a wealth tax Warren's because it's “something that has very difficult implementation problems”.

“We designed this wealth tax by building on the experiences of other countries that put together a wealth tax and weren't always successful.

“We saw where the mistakes were and made sure we tightened it up,” Warren told CNN Business on March 1 after introducing her Ultra-Millionaire Tax Act.

“People say, 'Well, rich people cheat so we shouldn't even try to use a wealth tax.

Warren's tax proposal would levy a 2 percent tax for people with a net worth between $50million and $1billion.Credit: AP:Associated PressUSA Today race & inclusion editor fired for saying shooter was 'angry white man'This city is giving some residents $1,000 a month in no-strings-attached cashHere's when parents will get $3,600 per child in stimulus cashTrump may visit border soon after pics of kids in ‘Biden's cages’ revealedMillions to be sent $1,400 stimulus check soon after fury over delayNorth Korea threatens US & says ‘gangster’ Biden has taken ‘first wrong step’

“But if rich people cheat, that doesn't mean we should just give up and let them pay taxes at lower rates than everyone else. That means we need to hire more enforcement and make them follow the rules.

“Once you've got the wealth tax in place, it's not very hard to monitor year by year,” the Massachusetts senator added.

“If last year you owned real estate, this year you either better own that same real estate or have a lot of cash that you took in a sale.”

Источник: https://www.the-sun.com/news/2485766/meet-massachusetts-senator-elizabeth-warren-net-worth-revealed/

What Is Elizabeth Warren’s Net Worth And Income?

What is Elizabeth Warren’s net worth?

Although Senator Elizabeth Warren failed to win the 2020 Democratic Presidential nomination, Senator Warren from Massachusetts is still a very wealthy woman. Despite running on a platform to heavily tax wealthy individuals and corporations, Elizabeth Warren herself is part of the top 1% wealthiest people in America.

According to public financial disclosure forms filed with the federal election officials in February 2019, Warren and her husband have a combined net worth between $6 million and $11 million.

In 2020, her net worth is ly closer to $11 million as the S&P 500 grew by 31% in 2019 and the S&P 500 recovered all of its 1H2020 losses by June.

When filing public financial disclosure, wealthy politicians purposefully make their net worth range as wide as possible on the downside in order to ingratiate themselves with the common people of America.

After all, Senator Warren has shaped her political brand around fighting capitalism and reining in wealth inequality. By having too high a net worth, Senator Warren will lose a lot of credibility if people realize she is a deca-millionaire.

With the average net worth in America ranging from $302,000 according to one Credit Suisse study in 2014 to $692,100 according to the Federal Reserve’s latest Consumer Finance Study, it’s clear that Elizabeth Warren and her husband are much wealthier than the average American.

Given character and honesty are of the utmost importance for a politician to win, Elizabeth Warren can’t lie on her public financial disclosure forms. As a result, it’s highly ly her household net worth is closer to $10 million, or in the top 1%.

Breaking Down Elizabeth Warren’s Net Worth

Below are some of Elizabeth Warren’s assets that make up her reported $4 million to $11 million net worth:

  1. Primary residence in Cambridge, MA. Her home is assessed at $1.9 million. It is a three-story Victorian era house in a very nice part of town.
  2. Investment and retirement accounts. The couple’s largest holdings are the ultra-safe TIAA-CREF Traditional fund, in which they each have at least $1 million. They have multiple other investment accounts.
  3. Bank accounts. They have between $367,000 and $830,000 in various banks, according to her 2013 financial disclosure document.
  4. Book deals. Warren got an advance of $525,000 to write “A Fighting Chance.” The book chronicles Warren’s rise from a struggling childhood where her dad was a janitor to the Senate.
  5. Book royalties. Warren also receives ~$60,400 in royalties for previously published books on bankruptcy and credit.
  6. A massive annuity. According to the NY Times, Ms. Warren has between $500,000 and $1 million in an annuity. Capitalizing the value of her annuity using a 7% interest rate reveals that Ms. Warren’s annuity is worth between $7 million – $14 million alone.

Elizabeth Warren’s large annuity is the main reason for her wide net worth range in her public filing. She may be arguing that analysts should really use a 10% or higher interest rate to value her annuity.

Even with a 10% interest rate, her $500,000 – $1 million annuity is worth between $5 million to $10 million. In other words, one needs $5 million to $10 million at a 10% interest rate to generate $500K to $1 million a year in annuity income.

The stock market has returned 8% – 10% on average since 1926, but nobody in their late 60s would invest 100% of their investments and retirement savings in the stock market.

Instead, a typical 60-70 year old might only have 30% – 40% of their investments in the stock market following a traditional asset allocation model, bringing their potential average return down to 6% – 7%.

But even a 6-7% annual return is aggressive in a low interest rate environment. Look at how underfunded pensions are because they assumed 7%+ returns.

Elizabeth Warren’s Past And Present Income

The Warrens earned $981,000 in 2009 and $955,000 in 2010, according to tax returns she released while running for office.

While at Harvard, Elizabeth Warren reported she earned a salary of $430,000 from for 2010 and part of 2011. In 2011, the couple’s total income was $616,000, putting them in the top 1% of household income earners.

As a U.S. Senator, Elizabeth Warren currently earns $174,000, putting her in the top 10% of household income earners as an individual.

Elizabeth Warren released her tax return for 2018, reporting that she and her husband paid more than $200,000 in taxes on a joint income of about $900,000 last year. Her husband is a Harvard Law School professor who made $400,000.

Future book deals will ly continue to allow Senator Warren to make a high income.

Warren is a proponent of democratizing access to investment opportunities, such as with real estate crowdfunding. After the passage of the 2012 JOBS Act, real estate crowdfunding has democratized access to commercial real estate investing that was once available only to ultra-high net worth individuals and institutions.

Fundrise is the best platform today that allows you to strategically invest in some of the best commercial real estate deals. As more Americans migrate away from the expensive coasts, there should be opportunity to invest in heartland real estate with lower valuations and higher cap rates. Real estate is one of the most tried and true ways to build great wealth in America.

The opportunities to make lots of money for Elizabeth Warren are endless, especially if she gets far in the primaries.

Elizabeth Warren Controversy

Although Senator Warren is a champion of the people, her claim to be Native American has infuriated many, especially underrepresented minorities.

Since 1986, Elizabeth Warren has claimed to be Native American, as highlighted on her State Bar Of Texas identification card below.

FEBRUARY 6, 2019: A 1986 registration card for the State Bar of Texas for Elizabeth Warren with her Race indicated as “American Indian.” Courtesy of the State Bar of Texas

The question many people have is whether Senator Warren tried to give herself a competitive edge by claiming Native American status, or whether she really did believe she was Native American until she was called out by her opposing Senator candidate in 2011.

Given Elizabeth Warren doesn’t look Native American nor did her DNA test in 2018 come back with more than a 1/1,032 trace amount of Native American heritage, some Americans feel she deceived the public.

Warren’s Native American issue will ly come back to haunt her in 2020 and beyond. If Warren wins the Democratic Primary and faces Trump, he will ly continuously pound her Native American heritage deception and cause her to lose.

Manage Your Wealth Wisely

If you want to get as rich as Elizabeth Warren, it’s best you diligently track your net worth and invest your money wisely. 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. I’ve been using Personal Capital since Elizabeth Warren was making over $600,000 and I’ve seen my net worth surpass hers without a massive platform.

About the  Sam began investing his own money ever since he opened an online brokerage account in 1995.

Sam loved investing so much that he decided to make a career investing by spending the next 13 years after college working at two of the leading financial service firms in the world.

During this time, Sam received his MBA from UC Berkeley with a focus on finance and real estate.

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, hanging out with family, consulting for leading fintech companies and writing online to help others achieve financial freedom.

Источник: https://www.financialsamurai.com/what-is-elizabeth-warrens-net-worth-and-income/

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