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Elizabeth Warren has formally declared her intention to run for election in 2024. On Monday, in a campaign video posted on YouTube, she announced her decision to run for a third term.
This article covers detailed information about Elizabeth Warren net worth, book royalties, real estate, personal life, etc.
Elizabeth Warren Net Worth
Senator Elizabeth Warren has a net worth reported to be around $8 million.
Warren is best recognized for her position as the senior senator from Massachusetts and her multiple presidential bids. She receives an annual salary of $194k as a senior senator.
Elizabeth Warren Earnings from Authoring Books
Most of Warren’s wealth is derived from her eleven books, which she has published.
In 2004, she and her daughter co-wrote “The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke,” which became a best-seller and brought Elizabeth Warren almost $3 million as the author.
In addition, her memoir “A Fighting Chance” brought Elizabeth Warren almost $1.5 million in 2014, which again contributed significantly to her net worth.
Financial Disclosures and Book Royalties
In 2008, Warren became a member of the congressional oversight committee for the Troubled Asset Relief Program, which was established to monitor the bailouts of the banking and automotive industries.
She listed holdings with a value ranging from $3 million to $10 million on a financial disclosure report submitted for the next year. She and her second husband, Bruce Mann, owned TIAA-CREF accounts worth around $1.8 million. Warren also declared a small interest in Oklahoma gas well royalties and almost $50,000 of IBM shares.
In addition to her political work, Warren received compensation for providing consulting services in legal cases. For instance, she received more than $200,000 between 2008 and 2010 for assisting Travelers Insurance in a Supreme Court-bound lawsuit involving asbestos victims’ requests for damages.
In 2010, Warren also revealed a $90,000 payment for serving as an expert witness for the legal services company Kenny Nachwalter. In a case alleging antitrust violations by financial institutions like Visa, Bank of America, and Citibank, the Miami law firm defended grocery store groups Kroger and Safeway.
According to their tax returns, Warren and Mann made over $10 million between 2008 and 2018. As per the records, Warren’s sole business, through which she earned money, is by writing, teaching, consulting, and investing, contributing nearly one-third of that income.
Warren stopped working as a consultant after being elected senator in 2013. Still, she made up for the lost income with book deals. She revealed receiving $3.2 million for book advances from Macmillan Publishing Group between 2013 and 2018. Publisher Henry Holt & Co., now controlled by Macmillan, gave her an advance of $1.2 million in 2014.
Elizabeth Warren Income Disclosure Act
In August 2018, Warren proposed the Anti-corruption and public integrity act in Washington. As per the law, all congressional candidates should disclose their two most recent tax returns available.
A day after proposing the new law, Warren published her 10 years’ state and federal tax returns. Her report showed that she and her husband had a combined gross income of $913,000 in 2017.
A 4,000-square-foot house in Cambridge, Massachusetts, cost Elizabeth and Bruce $447,000 in 1995. According to Zillow, the property, which was constructed in 1691, is currently valued at at least $3.15 million.
A two-bedroom, 1,400-square-foot condo in Washington DC cost Elizabeth and Bruce $740,000 in 2013. According to Zillow, this property is currently valued at about $915,000.
Personal Life and Honors
On June 22, 1949, Elizabeth Warren was born in Oklahoma City as the family’s fourth child. She was a brilliant debater as a student at Northwest Classen High School. After graduating, she opted for a debate scholarship to attend George Washington University.
Warren intended to become a teacher but left GWU in 1968 to wed her high school sweetheart. She earned a B.S. in speech pathology and audiology in 1970 before working as a special education teacher in public schools. After that, she attended Rutgers Law School, graduating with a J.D. in 1976.
She joined the National Bankruptcy Review Commission as an advisor in 1995. Warren later served on the FDIC Advisory Group on Economic Inclusion from 2006 to 2010. In the Democratic primary for the position of state senator for Massachusetts in 2012, Warren faced no opposition. She won the election, making history by becoming the first woman to represent Massachusetts in the Senate.
In December 2016, they appointed Elizabeth Warren to the Senate Armed Services Committee.
In 1968, Warren wed Jim, the man she had fallen in love with in high school. The couple divorced in 1978, and they have a son named Alexander and a daughter named Amelia. Warren married Bruce H. Mann, a law professor, two years later.
Warren was given the Lelia J. Robinson Award by the Massachusetts Women’s Law Association in 2009, one of many accolades and honors she has won. She made history the same year by being the only Harvard professor ever to receive the Sacks-Freund Teaching Award twice. In addition to being inducted into the Oklahoma Hall of Fame in 2011, Warren also got an honorary Doctor of Laws degree from her alma school, Rutgers Law School.
Elizabeth Warren 2020 Presidential Campaign
Warren formally declared her candidature for the Democratic presidential nomination in Lawrence, Massachusetts, in February 2019. She ran on a platform of economic and social equity, promising to lower student loan debt, provide free public college tuition, increase taxes on huge corporations, tighten regulations on big internet companies, and expand employment possibilities for Americans.
She advocated a wealth tax on anybody earning more than $50 million, one of her most well-known policy ideas. Warren gained fame for her highly detailed policy proposals during her campaign, which she presented on her website. These proposals addressed universal childcare, the opioid crisis, clean energy, climate change, and healthcare.
Warren’s poll numbers remained favorable during her campaign, although she often trailed behind Joe Biden in the results. She was in the lead in a poll conducted in Iowa in September 2019. She rapidly established herself as one of the front-runners and raised her profile by appearing at more than 100 town halls and sticking around to talk to audience members. However, after Super Tuesday in March 2020, her support finally diminished, and she announced her withdrawal from the campaign.
What was Elizabeth Warren doing before becoming a senator?
Warren practiced law for many years before teaching law at her alma mater, Rutgers University, and later at Harvard. She has also accepted advisory positions in the legal and financial fields. She specifically served as the first special advisor to former President Barack Obama for the Consumer Financial Protection Bureau.
Did Elizabeth Warren divorce?
In 1968, she tied the knot with James Robert “Jim” Warren, the love of her high school years. She kept his last name after the divorce in 1978. She again tied the knot with a law professor Bruce H. Mann in 1980.
What is Elizabeth Warren net worth?
Elizabeth Warren net worth is $8 million. Warren is best recognized for her position as the senior senator from Massachusetts and her presidential bids.
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