Bernie Sanders, the Senator from Vermont, has long been an advocate for the working class, championing progressive agendas throughout his illustrious political career. But how did Bernie’s personal financial journey evolve? Let’s dive deep into the finances of one of the most recognized figures in American politics.
Early Life and Humble Beginnings
Born September 8, 1941, Bernard “Bernie” Sanders was raised by Jewish immigrants from Poland. After attending James Madison High School he later attended Brooklyn College before attaining his degree. Engaging in student protests and civil rights movements, he showcased early signs of a staunch advocate for justice.
After obtaining his political science degree from the University of Chicago in 1964, Sanders moved to Vermont. Here, he began his political journey, one that was initially marked with numerous challenges.
A Steady Rise in Politics and Wealth
By the 1980s, Sanders had earned himself an outstanding reputation within Vermont politics by becoming Mayor of Burlington by only 10 votes – although at this time his net worth remained quite modest.
However, by 1990, Bernie’s political and financial trajectories took a significant turn. Elected to the U.S. House of Representatives, Sanders not only amplified his voice in national politics but also saw a considerable uptick in his finances.
Bernie Sanders Net Worth
Recent reports reveal Senator Sanders has amassed an astounding net worth of $15 Million; approximately 70% is invested in real estate investments (or 7 Million USD). Sanders has acquired 10 properties, scattered between Vermont and Washington D.C. Some reports suggest that he obtained certain properties below market value, potentially leading to gains upwards of $4 million.
Apart from real estate, Bernie’s stock portfolio is worth around $4.1 million. His annual income, which includes a Senatorial salary of $205,000 and book royalties nearing $900,000, totals to a handsome $2 million.
A Glimpse into Sanders’ Luxury
Sanders may often criticize ultra-rich individuals and corporations; yet he doesn’t shy away from enjoying some luxuries himself. Recently he added an Lexus SUV worth $120,500 to his car collection alongside Mercedes, Audi A8 and Range Rover models; additionally he gifted his wife with an equivalent Mini Cooper worth approximately $200k as a surprise gift!
From 2000 to Now: A Net Worth Timeline
Bernie began with just $100k worth of assets back in 2000. By 2005, this had increased to over $660,000 before eventually quadrupling in 2010. Come 2015, Sanders’ financial graph showcased a sharp spike, taking his net worth to $11 million. As of 2023, he stands at a commendable $15 million.
Sanders’ Influence in Modern Politics
Sanders had an outstanding influence in U.S. politics beyond financial success alone, co-founding and running twice for U.S. Presidency as part of his remarkable political legacy. Both campaigns, especially the 2016 run against Hillary Clinton, added substantially to his wealth and solidified his stature as a progressive powerhouse.
Bernie Sanders, with his blend of politics and personal wealth, continues to be a paradoxical figure in American political landscape. His journey from Brooklyn’s streets to Vermont’s Senate chamber, all while accumulating substantial wealth, is a testament to his evolving role in American society. Whether one agrees with his policies or not, Sanders’ financial story is undeniably a captivating one.