Bernie Sanders has made more than $1.75 million from book royalties since 2016 – here’s what we know about his wealth and assets
Bernie Sanders, a self-declared Democratic socialist known for his harsh criticism of income inequality in the US, has joined the crowd of 2020 presidential candidates.
Sanders earns a $174,000 yearly salary as senator, and in 2015 his total reported assets were less than $750,000. But he’s earned more than $1 million in 2016 and 2017 respectively, primarily due to royalties from his books, financial disclosure documents shows.
What is Bernie Sanders’ Net Worth?
According to Celebrity Net Worth, as of 2017, Sanders is worth an estimated $2 million. Compared to the current president (who boasts a net worth of an astounding $3.10 billion), it’s a bit meager. Still, the ultra-famous proponent of democratic socialism has had a pretty long career, spanning several different occupations. So how did Sanders make his millions?
Bernie Sanders’ Salary
According to reports, Sanders made $1 million in 2016 — $795,000 of which allegedly came from a book advance. Although the politician’s salary from the Senate is rather modest compared to his other career endeavors (allegedly around $174,000 in 2016), his other investments and holdings bring his net worth up to the $2 million mark for last year.
But how did Sanders build his name?
Amazon founder Jeff Bezos’ wealth increases by $275 million every single day. Meanwhile, Amazon workers have to rely on food stamps and public assistance just to survive. This is what a rigged economy is all about. pic.twitter.com/Ty7ECxvOkl
— Bernie Sanders (@SenSanders) May 22, 2018
Bernie Sanders’ Career
Hailing from Brooklyn, New York, Sanders was born to two Polish immigrants in the 1940s. But Sanders first hit the political scene as mayor of Burlington, Vermont in the early 1980s, where he served from 1981 to 1989 — a total of four terms. After his time serving in Burlington, Sanders set his sights a little higher and aimed for House of Representatives — which he was able to secure, taking a seat in the House in 1991.
After serving in the House until 2007, Sanders was elected Senator of Vermont that year, and has held that position ever since. The senator also took on the role of Chairman of the Senate Committee on Veterans’ Affairs in 2013, passing legislation aimed at improving VA health care in 2014. Sanders also reportedly serves on the Environment and Public Works Committee, the Committee on Budget, and the Committee on Health, Education, Labor and Pensions.
The senator has long been known for his outspoken views on the middle class, the wealthy top 1%, and war.
Sanders has also long been a self-proclaimed democratic socialist, which he’s defined for himself in the past.
“I think [democratic socialism] means the government has got to play a very important role in making sure that as a right of citizenship, all of our people have health care; that as a right, all of our kids — regardless of income — have quality childcare; are able to go to college without going deeply into debt; that it means we do not allow large corporations and moneyed interests to destroy our environment; that we create a government in which it is not dominated by big-money interest,” Sanders has said. “I mean, to me, it means democracy, frankly. That’s all it means.”
Sanders boasts the title of being the longest-serving independent in congressional history — serving from 2007 on, winning the 2012 re-election by 71%.
But Sanders had higher aspirations than the Senate, declaring in April of 2015 that he would be running for the Democratic Party during the 2016 presidential election.
Sanders’s surprising 2016 campaign had staying power, and many of his policy proposals had become far more mainstream in discourse. As a result, when the 2020 Democratic primary was being discussed, Sanders was seen as a clear frontrunner. He had remained a public face and continued championing various causes, including a $15 minimum wage.