Bernie Sanders is an American politician. Since 2007, he has been a United States Senator representing Vermont. Also, he has undertaken a number of Presidential campaigns. How much is the net worth of Bernie Sanders? Let us discuss it here.
Net worth of Bernie Sanders
As of 2021, Bernie Sanders’ worth is estimated to be approximately $3 million. Bernie Sanders’ Salary is $174 thousand.
Based on his 2015 financial disclosure, Bernie and his wife had $750,000 worth of assets at that time, and up to that time they usually earned $250-$300,000 per year in total income. After he published the book “Our Revolution” in 2016, Bernie’s income started to soar. In that year, he earned a little over $1 million and $1.1 million in 2017. In each of those years, approximately $800,000 of their earnings came from book advances and royalties. In 2018, he and his wife had a combined adjusted gross income of $561,000 after his book earnings dropped to $393,000 for the period.
Between 1981 and 1989, Bernie earned $33,700 per year as the mayor of Burlington, Vermont. Between 1990 and 2005, Bernie earned between $90,000 and $140,000 as a US Congressman. Beginning in 2005, Bernie earned $174,000 per year in salary, as a US Senator. In June 2017, He estimated his net worth to be $2 million after taking into account mortgages and retirement accounts.
As part of his 2020 Presidential campaign, He released tax returns dating back to 2010. Here is how much Bernie and his wife earned combined:
- 2009 – $314,742
- 2010 – $321,592
- 2011 – $324,870
- 2012 – $280,954
- 2013 – $279,724
- 2014 – $205,617
- 2015 – $240,610
- 2016 – $1,062,626
- 2017 – $1,150,891
- 2018 – $561,293
Total = $4,742,919
Career of Bernie Sanders
Bernie returned to NYC after he graduated college. He held a wide variety of various jobs before moving to Stannard, Vermont in 1968, and also continued odd jobs including writing articles for alt publication The Vermont Freeman. In the year of 1972, his political career began when he ran unsuccessfully as the Liberty Union candidate for Vermont governor and as a candidate for United States senator in 1972 and 1974. Eventually, he scored political gains by running for Mayor of Burlington, Vermont and winning by only twelve votes. From 1981 to 1989, Bernie served as mayor, and became known for his self-described Socialist views and outspoken nature.
U.S. House of Representatives: In 1990, Bernie reached a seat as an independent in the U.S. House of Representatives. In his early days in the House, Bernie alienated colleagues with his outspoken criticism of both parties. He admonished the politicians who were on the side of the wealthy and advocated for banking reform. He was a hard opposer of 2001’s Patriot Act and the war in Iraq. Rolling Stone called Sanders as the “amendment king” in 2005, citing his ability to get more amendments passed than any other congressman. Bernie served as a representative for 16 years, from 1991 until he became a senator in 2007.
Senate: On April 21, 2005, Bernie entered the race for the United States Senate. He had the support and endorsement of Chuck Schumer and then senator Barack Obama, as well as the support of Howard Dean and Senate Minority Leader Harry Reid. Bernie defeated Rich Tarrant, who had spent roughly $7 million of his own wealth on his campaign, by a large margin, and went on to be re-elected with 70 percent of the vote in 2012 and 2018.
As a Senator, Bernie Sanders has sponsored many important bills which have become law. In 2008 and 2009, he voted against the Troubled Asset Relief Program, or known as The Wall Street Bailout. In the year of 2010, Bernie famously held an 8-hour filibuster against George Bush’s Tax Relief act. Also, in the same year, he supported the DREAM Act, that aimed to give a path to citizenship for undocumented minors who immigrated into the U.S.
In 2009, Bernie Sanders successfully added a provision to the Affordable Care Act to provide $11 billion to rural community health centers. In response to the House’s vote to repeal and replace the ACA in 2017, Bernie co-sponsored the Medicare for All bill, along with 15 other Senate co-sponsors. Also, he has been vigilant in introducing and sponsoring bills which support a living wage and a hike in the minimum wage. Bernie is consistently liberal on social problems such as LGBTQ rights, anti-death penalty, and considers himself a feminist.
Presidential Campaigns: In April 2015, Bernie announced a Presidential nomination for the Democratic Party for the 2016 election. During his race, Bernie relied on grassroots and small individual donations rather than Super PACs. In February 2016, it was reported that Bernie had received $3.7 million contributions from 1.3 million contributors. By March of that year, the campaign had raised $96 million. Eventually, Hilary Clinton won the nomination, and on July 12, 2016, Bernie formally endorsed her.
In February 2019, Bernie announced that he would run for president in the year of 2020. The campaign employed the same grassroots funding attempts, along with social media as a key tool in organizing efforts. Within some weeks of his announcement, the campaign recruited over one million volunteers. On February 11, 2020, Bernie claimed victory at the New Hampshire primary.
Real Estate of Bernie Sanders
Bernie and his wife, Jane Sanders own three homes. In 2009, they purchased what is now their primary home, a 4-bedroom home in Chittenden County Vermont, for $405,000. They took out a $324,000 mortgage from Congressional Federal Credit Union for the purchase. Based on Zillow, their home is 2,300 square-feet with 4 bedrooms and is currently valued at around $440,000.
In the year of 2007, Bernie and his wife purchased a townhouse in Washington D.C. for $488,999. Zillow estimates that the home is worth $685,000, though recent similar homes have sold for $800,000 or more. In 2016, they purchased a vacation home on Lake Champlain in Vermont for $575,000. Previously, that home had been listed for $775,000. It is a two-story log cabin-style home covering 1.1 acres.