How did Bernie Sanders make his money? A look at his wealth and assets

Written by on April 9, 2019

As a self-described Democratic socialist, Sen. Bernie Sanders, I-Vt., has been outspoken about economic inequality.

During his 2016 presidential campaign and beyond, he declared that wealth inequality is “the great moral issue of our time.”

Now that he’s running for president again, the 77-year-old continues to advocate for the poor and middle class, including appealing for a $15-an-hour minimum wage and tuition-free colleges and universities.

And yet, his own net worth is unknown.

Sanders will join Fox News Channel for a Town Hall co-anchored by Bret Baier and Martha MacCallum on Monday, April 15, at 6:30 p.m. ET in Bethlehem, Pennsylvania.

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Back in 2016, Sanders was allegedly the 19th-poorest U.S. senator, The Washington Post reported. However, he has since published four books, and that’s said to have helped make him a millionaire.

“I wrote a best-selling book,” Sanders told The New York Times. “If you write a best-selling book, you can be a millionaire, too.”

According to estimates from Celebrity Net Worth, Sanders’ net worth is roughly $2 million, based on his book sales, royalties and speaking engagements.

As his presidential bid ramps up, Sanders has received pressure to release his tax returns — which he promised to do by April 15 last week on “The Daily Show.” He said he plans to release 10 years’ worth of returns.

“April 15 is coming,” Sanders told host Trevor Noah. “That will be the 10th year and we will make them all public very shortly.”

Until he releases his tax returns, here’s a look at what is already known about the senator’s income and assets.

Income as a senator

As a senator, Sanders makes $174,000 a year, according to the Congressional Research Service, which reported on Senate salaries last year.

Book royalties

Sanders made $880,091.14 in book royalties in 2017, according to the senator’s financial disclosure documents filed in May 2018.

Those royalties included a $505,000 advance on his book “Where We Go From Here,” which was published in 2018, Newsweek reported.

Sanders has three books published by Macmillan and one book, “Outside in the White House,” published by Verso Publications.

Album royalties

In 1987, Sanders recorded a politically focused folk album through Todd R. Lockwood Works called “We Shall Overcome.”

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During his 2016 campaign, the album got some attention — though not always positive, The Guardian reported.

However, he did make some royalties on the resurfaced music. In his 2016 financial disclosure documents, Sanders reported receiving $2,520.60, but in 2017 he only received $539.47.

Real estate

In 2015, Politico reported, Sanders owned at least two homes — one in Vermont and one in Washington, D.C.

According to Forbes, Sanders and his wife, Jane O’Meara Sanders, bought a four-bedroom, two-and-a-half-bathroom house in Vermont in 2009 for $405,000. He also reportedly bought a one-bedroom town house in D.C. in 2007 for $488,999.

Sanders bought a third residence in 2016 — a house on Lake Champlain in Vermont — for $575,000, according to The Washington Post.

Pension and retirement savings

From 1981 to 1989, Sanders served as the mayor of Burlington, Vt. He receives an annual pension for that service and in 2017, he received $5,137, according to his financial disclosure documents.

According to estimates from Money, Sanders’ retirement savings total more than $1 million.

Other assets

All other assets on Sanders’ 2017 financial disclosure form, including stock and mutual fund accounts, were listed under his spouse, except for two joint accounts — one with the U.S. Senate Federal Credit Union valued at somewhere between $100,001 and $250,000, and one with the People’s United Bank in Vermont — its value is between $50,001 and $100,000.

Source: Fox News Politics

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