Does Beto O’Rourke Have What It Takes to Defeat Ted Cruz in Texas?

O'Rourke has raised millions to unseat Ted Cruz.
  • Beto O’Rourke is running against Sen. Ted Cruz in Texas.
  • O’Rourke’s salary as a congressman is $174,000, but his rumored net worth is just under $9 million.
  • Unlike a number of other candidates, O’Rourke’s is not a self-funded Senate bid — he’s raised close to $70 million.

As Tuesday’s midterm elections reach a fevered pitch, the eyes of the nation are on several hotly contested races as Democrats seek to win back the House and Senate from Republicans.

One race that has drawn national attention is Beto O’Rourke’s bid to take Ted Cruz’s Senate seat in Texas. Democratic congressman O’Rourke is looking to unseat one-time presidential hopeful and far-right Republican Cruz, who is up for re-election for the first time since winning his seat in 2012. Political analysts consider the competition between the two as representative of U.S. politics.

Recent polling results show a very close race. There’s one competition O’Rourke has already won over his opponent: personal wealth.

GOBankingRates took a deeper dive into O’Rourke’s life and the congressman’s personal finances. Compare his wealth to Cruz’s.

Beto O’Rourke’s Net Worth: Unknown

Before his unusual nickname caught the attention of the country (his full name is Robert Francis O’Rourke), the fourth-generation Texan graduated from Columbia University and returned to his hometown of El Paso, Texas to launch a technology company.

O’Rourke’s salary as a public servant in Congress is $174,000, yet as of 2015, O’Rourke’s rumored fortune stood at $8.9 million, positioning him as the 52nd wealthiest member of the House, according to OpenSecrets.org.

O’Rourke and Cruz differ politically, but personally the two made major financial leaps in marrying women whose family fortunes far exceeded their own. O’Rourke’s wife, Amy Sanders, is the daughter of a Texas real estate tycoon and lives on a trust fund reportedly between $1 and $5 million, according to The Texas Tribune. Cruz’s wife Heidi is an investment manager at Goldman Sachs.

See: The Richest Politician in Every State

O’Rourke and his wife’s assets were listed between $3.5 million and $16 million. The exact total is unknown, but their wealth comes from real estate holdings, O’Rourke’s company and his wife’s trust fund, according to financial disclosure forms and reporting by The Texas Tribune.

O’Rourke hasn’t made any personal contributions to finance his Senate bid. His run has survived on donations that totaled over $69 million as of October 2018, according to OpenSecrets.org. Among the top contributions are six-figure donations from the University of Texas, Google’s parent company Alphabet and J Street, a nonprofit advocacy group committed to supporting Israel.

Keep reading about how Cory Booker became a millionaire through politics and investing.

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