- Sen. Cory Booker was one of 10 candidates for the 2020 presidential race to participate in the Democratic debate on June 26.
- The debate touched on a range of topics, including healthcare, the economy and gun control in the U.S.
- Booker officially announced his candidacy for president on Feb. 1.
On June 26, Sen. Cory Booker, D-N.J., took the stage in the first Democratic debate of the 2020 presidential race. Booker joined nine other hopeful candidates ready to battle on economic policies and the current state of the Democratic Party. With mediocre poll numbers, this debate was a clear opportunity for Booker to shine — and shine he did. Booker had the most talking time of any of the 10 candidates, according to The Washington Post.
On the topic of corporate consolidation and its impact, Booker said: “I live in a low-income black and brown community. I see every single day that this economy is not working for average Americans. The indicators that are being used, from GDP to Wall Street’s rankings, is not helping people in my community.” When gun control was brought to the forefront, Booker elaborated on his hometown of Newark, New Jersey. “I hope I’m the only one on this panel here that had seven people shot in their neighborhood just last week,” Booker said.
Booker officially announced his candidacy for president on Feb. 1. But what has Booker’s rise to political prominence meant for his finances? Here’s a closer look at Booker’s net worth as he runs for the highest office in the land.
Cory Booker’s Net Worth: $600,000 to $1.3 Million
As of his financial disclosure for 2017, Cory Booker reported assets that would put his net worth between around $600,000 and $1.3 million.
Among the sources of his wealth as of that disclosure are a Bank of America savings account with $100,001 to up to $250,000 in it, a Fidelity money market account worth between $250,001 and $500,000, and two Fidelity individual retirement accounts worth a combined $150,002 to $350,000.
Booker also reported a pension from the New Jersey Public Employee Retirement System worth between $50,001 and $100,000, plus a Bank of America checking account with funds between $50,001 and $100,000 in it. His income, aside from his standard annual Senate salary of $174,000, included $325,000 in royalties earned from his book “United: Thoughts on Finding Common Ground and Advancing the Common Good.”
Cory Booker’s Speaking Fees and Investment Income
Booker released 15 years of tax returns in 2013 during his first run for the Senate, which revealed some $4 million in income over that period with $1 million paid in taxes. That income included earning $1.3 million in speaking fees — mostly from 2009 to 2012, at which time he was the mayor of Newark — and a $690,000 payout from his former law firm.
Booker also came under some scrutiny in 2013 for failing to disclose his stake in video-sharing site Waywire, which he co-founded with Google executive chairman Eric Schmidt. Booker’s stake was worth an estimated $1 million to $5 million as of 2013, but he announced in September of that year that he was leaving the board and donating his shares to charity. The site was acquired by Magnify in October 2013 for an undisclosed sum.
Cory Booker’s Journey From Newark City Council to US Senate
After growing up in Harrington Park, New Jersey, Booker attended Stanford University — where he played on the varsity football team — before becoming a Rhodes scholar and receiving an honors degree in history from the University of Oxford.
After attending law school at Yale, Booker eventually found his way to politics at the age of 29 when he was elected to the Newark City Council. He was elected mayor of Newark in 2006 and then elected to the U.S. Senate via a special election in October 2013. He won a full term the following year.
Keep reading to find out how much fellow presidential candidate Elizabeth Warren is worth.
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Financial figures are accurate as of Oct. 3, 2018.