Amy Klobuchar’s Net Worth as the Minnesota Senator Runs For President

She's currently ranked as one of the most popular senators.
  • Sen. Amy Klobuchar officially announced her presidential candidacy for the 2020 election on Feb. 10.
  • Among Klobuchar’s economic proposals are a $1 trillion infrastructure plan and a $15 federal minimum wage.
  • Klobuchar was the eighth candidate to qualify for the third round of the Democratic primary debates.

Democratic Sen. Amy Klobuchar of Minnesota officially announced her candidacy for the 2020 presidential election on Feb. 10. Klobuchar specifically mentioned she’d be taking her campaign through the Midwestern states President Donald Trump won in the 2016 election — a move that might take advantage of her “Midwest sensibilities,” The Associated Press reported.

In a field led by former Vice President Joe Biden, Vermont Sen. Bernie Sanders and Massachusetts Sen. Elizabeth Warren, Klobuchar is polling at a steady 1% as of Sept. 9, according to the RealClearPolitics average of polls. As of the same date, the front-runners are polling much higher with Biden at 29.7%, Warren at 18% and Sanders at 17.5%.

But just because Klobuchar is polling lower than the standouts doesn’t mean her race is over. Out of 24 Democratic candidates in the race, she was the eighth to qualify for the third round of the Democratic primary debates, which will take place on Sept. 12. To make it to the stage, she had to cross the threshold of 130,000 unique donors and reach 2% in at least four polls.

Although it looks like a longshot now, the 2020 Democratic primary race is just getting started. Find out the net worth of this Minnesota senator and 2020 hopeful.

Birthdate: May 25, 1960
Net worth: $900,025 to $2.28 million
Source of income: Congressional salary
Career highlight: United States senator, 2007 to present

How Much Is Amy Klobuchar Worth?

According to the Center for Responsive Politics, which obtained Klobuchar’s May 2019 financial disclosure report, the senator’s estimated net worth sits somewhere between $900,025 and $2,275,000. If her net worth falls in the upper half of this range, it would be over $1.58 million — an amount that would clear Klobuchar over the Senate median for 2016, which is estimated at $1.45 million, according to the Center.

Klobuchar’s listed assets include a diverse array of stocks and bonds. Among her listed sources of income was a $27,000 advance for an untitled book to be published by the Knopf Doubleday Publishing Group. Her salary as a United States senator brings in $174,000 a year.

Check Out: Guide to the 2020 Presidential Candidates

Amy Klobuchar’s Background

Klobuchar was born in Plymouth, Minnesota, in 1960 and is the daughter of an elementary school teacher and a newspaper columnist. After attending public schools in Plymouth, she went to Yale University and graduated magna cum laude in 1982. After earning her Juris Doctor from the University of Chicago, she went on to practice law in Minnesota.

Klobuchar entered the Senate in 2007, after several years of serving as an attorney for Hennepin County, and has been reelected up to the present day. She holds the distinction of being the first woman elected as a senator of Minnesota. Some of her career highlights include quickly responding to the collapse of the I-35W bridge after it fell into the Mississippi River and expanding job and education opportunities for veterans.

Also See: 2020 Democratic Primary Debates — Details on Round 3

Amy Klobuchar’s 2020 Campaign Platform

Klobuchar’s popularity could lead to a strong campaign. She currently holds the No. 6 spot, with a 56% approval rating, on Morning Consult’s rankings of the most popular senators. Fellow 2020 candidate Bernie Sanders is ranked at No. 2 on the same list, with a 62% approval rating. Here’s a look at the top issues Klobuchar is focusing on, according to her website, as she campaigns for the presidency.

Healthcare

Klobuchar supports universal healthcare, elaborating that the fastest way to make this a reality is through a public option that expands Medicare or Medicaid. She also aims to lower the price of prescription drugs, expand healthcare for those with addiction and mental health issues, and protect women’s reproductive rights.

The Economy

In March, Klobuchar proposed a $1 trillion infrastructure plan that would create jobs while upgrading deteriorating roads and bridges as well as schools, airports, water systems, energy systems and public transit. According to her campaign, this would be her top budget priority as president. Klobuchar also believes that Americans should be sharing in the nation’s prosperity and is in favor of raising the federal minimum wage to $15.

The Environment

Addressing climate change is an “urgent priority,” according to Klobuchar’s campaign website. The senator is a co-sponsor of the Green New Deal. She has also signed the No Fossil Fuel Money pledge, which means that she won’t take contributions over $200 from oil, gas or coal industry executives, lobbyists or political action committees.

Gun Violence

Klobuchar wants to institute universal background checks, ban bump stocks and assault weapons, and close the gun show loophole. She also aims to close the boyfriend loophole by preventing those who have abused dating partners from purchasing firearms.

Other Issues

Additional issues central to Klobuchar’s campaign are immigration reform, voting rights legislation, campaign finance reform and criminal justice reform.

Keep reading to see how much the 2020 presidential candidates have raised so far.

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Erika Giovanetti contributed to the reporting for this article.

About the Author

Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Sean’s first foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. He covered military affairs both in garrison and internationally when he deployed to Afghanistan. After finishing his enlistment, he completed his BA in English at UC Berkeley, eventually moving to Southern California.