Ted Cruz's net worth

By   |   Updated 1st August 2022

Ted Cruz Net Worth

Senator Ted Cruz's net worth is estimated to be approximately $8 million.

The senator for the great state of Texas is one of the most well-known in the US.

He is a very influential figure in American public life with a strong background in the law and a powerful following amongst conservatives.

Early life

Cruz, whose full name is Rafael Edward Cruz, started out as a lawyer following his graduation from Harvard Law School.

He began clerking in the courts and became the youngest, longest-serving solicitor general in the history of Texas.

Ted took an interest in politics which eventually led to his position as US Senator.

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How did Ted Cruz build his net worth?

Cruz has been at the top of his game in law and politics ever since the mid 90's collecting top salaries all the way along his career.

He was hired to work on the George W Bush presidential election campaign in 1999. After staving off the vote count challenge from Al Gore, he served in the Bush administration in roles for the DOJ and the FTC.

From 2003 to 2008 he took the top spot in Texas law as the Solicitor General.

He practiced private law for a big firm until his successful run for US Senator in 2012 around the time of the Tea Party.

After failing to win the Republican Party's nomination for President in 2016 – to none other than Donald J Trump – he put his differences aside and became a trusted public supporter of the Trump administration.

Ted also has built up an investment portfolio that includes mutual funds, individual stocks in energy oil and gas, and a vested retirement plan that originates from one his past law firm employment.

He and his wife have a modest real estate portfolio, but as a whole, it does not make up the bulk of their income.

Ted Cruz being a public servant is limited in his ability to grow his fortune and the bulk of the family’s net worth can be traced back to his wife and her position as an investment banker for Goldman Sachs.

How has Ted Cruz spent his wealth?

Senator Cruz and his wife, Heidi, bought their family home in Houston, Texas in 2011 worth approximately $2 million on today's market.

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FAQs

How rich is Ted Cruz?

We estimate that his personal wealth could be around $8 million comprised of salary, property and investments.

Is Ted Cruz a millionaire?

Yes, Ted Cruz is a millionaire.

Image: Wikimedia