Andrew Yang's net worth is estimated to be $3-4 million.
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Early life
Andrew Yang was born on January 13, 1975 in Schenectady, New York. He grew up there and in Flushing, Queens.
Education
Andrew Yang attended Phillips Exeter Academy, a preparatory school in New Hampshire. Yang then went to Columbia Law School where he earned a Juris Doctor.
He then earned a Master of Science in Economics from the Wharton Business School at the University of Pennsylvania. Yang then opened a law firm, Venture Law Group, in New York.
Family Life
Andrew Yang lives in New Paltz, New York with his wife and children.
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How did Andrew Yang build his net worth?
Best known for his run for President in 2020 and proposal of universal basic income, Yang started off in business and entrepreneurial work. After his campaign ended he stumped for Joe Biden in the run for election.
Andrew Yang started his career with "Manhattan Prep," rising his way through the management to become the company's CEO in 2006. Manhattan Prep thrived under his tenure at the helm, with revenues reaching $11 million by 2009.
Yang cashed out alongside his partners and sold the company to Kaplan for "low tens of millions," according to an interview with Yang on the Freakonomics podcast. There is no information on where those millions went or how much Yang received in the company sale.
However, he invested $121,000 seed funding into the launch of "Venture for America." This organization offers two-year fellowships to grad students, allowing them to work for startups in cities like Cleveland, Birmingham, and Detroit. It also assists with an advisory for fellows launching startups.
Yang's largest asset is his 2,700-square-foot home in New Paltz, New York. The estate is some 70-miles north of NYC and is valued at around $500,000.
The rest of his net worth is in a standard investment portfolio of diversified mutual funds and low-risk assets.
Yang also has small holdings in Google stock and Lending Club stock, with the financial disclosure report revealing his only Silicon Valley investment as a stake in "Hustle Fund I, LP," a small VC investing in "hilariously early startups." Yang's stake in the company is worth $15,000 to $50,000.
Andrew Yang Quotes
As a society, we can't hide from the future; we have to build and own it.
If I had a choice between something like universal basic income and a higher minimum wage, I would choose universal basic income.
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FAQs
How rich is Andrew Yang?
Yang is thought to be worth $3-4 million.
Is Andrew Yang a millionaire?
Yes, he probably is a millionaire.
Is Andrew Yang broke?
Andrew Yang was not successful in his campaign for election to President in 2020. But thanks to his career as a successful entrepreneur he is not broke.
Was Andrew Yang born rich?
No, he was born into a hard working middle class family. Andrew Yang worked hard to get to where he is today.
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