Elizabeth Warren's net worth is estimated at $12-13 million.
Elizabeth Warren's net worth stats
|Net worth:||$12-13 million|
|Source of wealth:||Royalties, consulting, politics|
|Date of birth:||June 22, 1949|
|Place of birth:||Oklahoma City, Oklahoma|
How did Elizabeth Warren build her net worth?
Elizabeth Ann Warren made her money from royalties, public speaking fees, consultancy, and her career as a Democrat politician.
She has served as a United States Senator since 2013. But how did a law professor and senior senator with an annual salary of $194,000 become a multi-millionaire?
It is difficult to separate her income from that of her husband, Harvard Law Professor Bruce Mann. Tax return information says that they made $850,000 in 2019 and raked in no less than $700,000 each year before that for five years. In 2014, the haul was $1.5 million.
Warren has appeared in the documentary film “Maxed Out” in 2007, in Michael Moore’s “Capitalism: A Love Story,” in 2009, in “Heist: Who Stole the American Dream?” in 2011, and “Makers: Women Who Make America in 2013.”
However, her books — one an NYT bestseller, her lecturing and speaking fees, and her consultancy fees — racked up the most significant portion of her fortune. Since 2013 she has earned $3 million in book royalties and advances.
Despite her 2006 book “All Your Worth” floating the idea that “you can make big money buying houses and flipping them quickly as a top myth, Warren bought and quickly offloaded at least five properties for a profit before her 2012 senate run. Records show Warren purchased a house located at 200 N.W. 16th Street in 1993 and sold it five months later for a 383% percent gain. She repeated this another four times.
Despite her wealth, Warren is not the wealthiest Democrat. For example, her wealth pales into insignificance against Nancy Pelosi's net worth.
How has Elizabeth Warren spent her wealth?
According to real estate records, Warren and her husband live in a Victorian clapboard house built in 1890 in Cambridge, Massachusetts, which they purchased in 1995 for $447,000. It is said to be worth over $3 million today. It proves the adage, “location, location, location,” because it has only two bedrooms and 3.5 bathrooms, hardly palatial but worth a lot, given its location.
In 2013, the senator paid $740,000 for a two-bedroom, 400-square-foot condo in Washington, DC.
Warren pledged to donate her salary to a nonprofit until the Trump-initiated partial government shutdown ends.
In 2017, she and her husband donated $882,000 to charity, about 9% of her yearly earnings.
She is not flashy about her wealth which is probably why we could not learn much about her spending habits. Hardly surprising given her championing of the 50/30/20 budget.
How rich is Elizabeth Warren?
Based on several respected sources, Finty estimates Elizabeth Warren's net worth to be approximately $12-13 million.
Is Elizabeth Warren a millionaire?
Yes. Elizabeth Warren is a millionaire.