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Ted Cruz Net Worth – How Much is He Worth?

Ted Cruz Net Worth - How Much is He Worth

In this article, we are going to cover all the details about Ted Cruz net worth, investments, salary, and more.

So, without any further ado, let’s get started –

Ted Cruz Net Worth
Ted Cruz Net Worth

The great Texas senator Ted Cruz is one of the most famous members of the United States Senate. He is a very influential American figure in public life, with a strong legal background and a strong following among conservatives.

Senator Ted Cruz Net Worth 2022

Ted Cruz net worth in 2022 is estimated at around $4 million. Ted Cruz has different income sources that include her career as a politician, his job as a senator, and more.

Ted Cruz also serves as a professor at the University of Texas School of Law.

In the 2018 Senate race against Beto O’Rourke, Ted and his wife estimated their net worth to be between $2 million and $5 million. His wealth includes stocks, mutual funds, and the retirement plan of his former law firm.

Ted Cruz with his wife

As CEO of the investment bank Goldman Sachs, Ted’s wife, whose salary is not disclosed, is likely to be the breadwinner of the family. 

Ted and Heidi Cruz are real estate owners in Houston. Although the median home cost in Houston is almost around $300,000, its home values are uncertain.

Top Industries Investment

  •  Oil and Gas – $1,432,503
  • Securities and Investment – $450,001 
  • Goldman Sachs – $1,800,004 

Ted Cruz Salary

Ted Cruz currently serves as a senator and receives an annual salary of $174,000.

 Besides that, Ted has financial support from the gun rights group. He has so far collected over $442,000 in donations from gun rights groups, especially the Association of National Rifles.

Ted Cruz Stock and Bonds

Almost all of Ted and his wife’s assets are in stocks and bonds, according to a 2018 report. Some are worth millions, including stakes in BlackRock funds. Ted Cruz earned over $33,000 in interest in 2017 alone.

Besides that, Ted also has some mutual fund investments and retirement plans.

Ted Cruz Debt

In their own words, Ted and Heidi injected their savings into the politician’s successful bid for the Senate in 2012. To finance the campaign, Ted Cruz took out a loan of 1.2 million dollars for himself.

During the failed 2016 presidential campaign, a wealth of information emerged about Ted Cruz’s finances. During the campaign, new documents showed he owed Goldman between $100,000 and $250,000.

Astute observers have speculated that this was a result of Cruz’s earlier funding of his 2012 Senate campaign. Additionally, the documents show that Ted and Heidi Cruz’s largest liability is a mortgage of between $1 million and $5 million.

Ted Cruz Early Life 

Rafael Edward Cruz was born in Calgary on December 22, 1970, in Canada, Alberta. At the time of Ted’s birth, his parents used to live in Calgary, worked in the oil industry, and owned an oil drilling seismic data processing company.

Ted Cruz Parents
Ted Cruz Parents

Cruz, in an interview, said he is the son of “two mathematicians/computer programmers.”

In 1974, Cruz’s father left the family and moved to Texas. Later that year, his parents reconciled, and the family shifted to Houston, but his parents ended up divorced in 1977.

Ted Cruz has been interested in economic theory and the ideals of the Republic since high school.

After high school, he attended the University of Princeton, graduating summa cum laude in 1992 with a Bachelor of Arts in Public Policy. While in college, Ted Cruz became an accomplished debater and, in 1992, was named the National Speaker in the United States.

After graduating from Princeton University, Ted Cruz moved to Harvard University and graduated in 1995 with honors.

Ted Cruz served as a law clerk at the United States Court of Appeals from 1995 to 1996. He later became an attorney at a well-known law firm, representing notable cases such as the National Rifle Association and the impeachment of Bill Clinton.

Cruz returned to private practice after resigning as Solicitor General in 2008. He continued to practice law until 2013 when he became Texas Senator.

Closing Comments – So, how much is Ted Cruz net worth?

There you have it – a detailed article covering Ted Cruz net worth, early life, investment, and many other things.

The exact figures about Ted Cruz net worth aren’t mentioned anywhere. However, it is estimated that his net worth is around $4 million.

With that said, here I am wrapping up this article. If you have any questions, feel free to shoot them in the comment section below. Our team will try to respond ASAP.

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About the author

Nilam Hazarika

Resident law student Nilam is World Wire's go-to for all political crusades that involve a legal angle. Her ability to break down the complex legal aspects of political goings-on comes in very handy in delivering quality, information-laden, and well-researched content.

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