How Alexandria Ocasio-Cortez Net Worth Compares To Other Members Of Congress

7 months ago

Forbes money in politics reporter Kyle Mullins joined Brittany Lewis on "Forbes Newsroom" to discuss the net worth of Rep. Alexandria Ocasio-Cortez (D-NY).

READ MORE: https://www.forbes.com/sites/kylemullins/2024/05/03/no-aoc-isnt-rich-yet-alexandria-ocasio-cortez/?sh=6ff59cd13fa8

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Transcript

00:00 You and I have talked about the net worths of a lot of political leaders and a lot of the times their marriages impact their fortunes.

00:09 We know that she's engaged. So is there any indication of how much her partner is worth?

00:14 So members of Congress do not have to report non-married partners, which in this case describes her fiancé, Riley Roberts.

00:24 They don't have to report them on their disclosures or their assets.

00:27 And so because of that, we don't really have a great sense of things. Riley is kind of a black box in this whole situation.

00:34 But, you know, he's been working in tech for years and years now.

00:39 Our best guess is that he probably has some savings, but until they are married and they've been engaged for over two years,

00:44 so I assume the wedding's coming at some point, you know, once they're married,

00:49 we'll get a better sense of exactly how much he's making and how much he's saved up over the years.

00:53 I am curious about how much her fortune stacks up to other members of Congress.

01:00 So we haven't done valuations of every member of Congress. We're only getting started here.

01:04 But I would say that her, you know, excuse me, her assets are significantly lower than the average member of Congress.

01:12 But I think it's notable here. The average member of Congress is a lot older than Ocasio-Cortez.

01:17 You know, she's only 34 years old and the average member of Congress is well into their 50s.

01:22 So they've had many more years to sort of put money away in savings and in retirement accounts and that kind of thing.

01:28 She also doesn't own any real estate. A lot of members of Congress own a house,

01:32 but she lives in sort of two areas of the country where it's much more common to rent, New York and D.C.

01:37 So there's a lot of things that are kind of working against her in this case in terms of actually building wealth in comparison to other members of Congress.

01:43 That said, she's in a very safe blue district, assuming that she stays in Congress for decades to come, as she potentially could.

01:51 You know, she's going to have plenty of time to put money away in that savings account,

01:55 plenty of time to put money away in savings accounts and maybe eventually buy some real estate that can grow as well.

How Alexandria Ocasio-Cortez Net Worth Compares To Other Members Of Congress

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