Alexandria Ocasio-Cortez’s Net Worth Based on Assets
Alexandria Ocasio-Cortez’s net worth is estimated at $500,000 to $1 million. Despite her relatively modest assets of $30,000, the amount is growing at an exponential rate. In addition, her net worth is growing faster than the nation’s median income. However, you should be cautious of assuming that a politician’s net worth is based on assets alone.
Alexandria Ocasio-Cortez’s net worth ranges between $500,000 and $1 million
Alexandria Ocasio-Cortez, a 29-year-old Democrat from New York, is the youngest woman ever elected to Congress. She is currently paying off $15,000 to $50,000 in student loan debt. Despite her success in the race, her savings account is currently below $700. She has not increased her 401(k) balance.
According to her website, she has a net worth between $500,000 and $1 million. She runs on a progressive platform that includes affordable housing, free college education, a jobs guarantee program, and Medicare for all. However, most millennials, or those born between 1981 and 1998, have less than a thousand dollars in savings. In fact, the median millennial has only $2,430 in savings.
Ocasio-Cortez is one of 10 members of Congress to miss filing their financial disclosure for the year 2021. Most House members are required to file their financial disclosure by Aug. 13 of this year. However, Ocasio-Cortez’s failure to file a 2021 financial disclosure could result in a fine of $200. She has previously exploited the 30-day grace period to avoid making financial disclosures.
While it is hard to estimate an average wealth, many elected officials are very wealthy. Some of the richest members of Congress have more than $1 million.
Her assets are between $30,000 and $30,000
According to the May 2019 filing by AOC, the congresswoman has a net worth of between $30,000. However, her assets are significantly less than her liabilities, resulting in a net worth of zero or less than $30,000. The filing shows that AOC has more liabilities than assets, with between $15,001 and $50,000 of student loan debt. Despite these liabilities, she earned between $25,463 from her 2018 campaign.