Advertiser Disclosure
X

Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com may receive compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, Chase, U.S. Bank, and Barclaycard, among others.

By

Dig Deeper

23,572FansLike
19,306FollowersFollow
37,099FollowersFollow

Become a Money Crasher!
Join our community.

The Presidential Candidate’s Net Worth (Somewhat) Revealed

Go check out the net worth of Democratic and Republican presidential hopefuls on CNN.com. It shouldn’t matter how much money someone is worth to qualify them to be president, but the sad thing is that it really does matter. You must have SOME kind of money in order to run for president, or you better be an amazing fundraiser. I think it does tell us something about the candidates and how they handle their money and investments.

The Democrats

Sign up for an account at Simple by 7/31/19 4:59 PM PT and get up to a $500 bonus and 2.02% APY (with qualified activities).

Clinton and Edwards come in with the highest net worth. This doesn’t surprise me. Bill Clinton is probably responsible for most of their net worth. He made $10 million dollars last year just in public speaking. Hilary’s book was a flop and she doesn’t make much as a Senator. I’m guessing she wasn’t rolling in the dough as an attorney, either. Edwards made most of his money as a successful personal injury attorney. He should think twice about talking so much about rising health care costs, because I am sure he can be linked to numerous lawsuits against health care providers and health insurance companies. Whether they were warranted or not, lawsuits against health care providers and insurance companies will drive up the cost of premiums, because those companies will pass the cost to litgation onto the consumer.

Barack Obama is believed to have a net worth around $700,000. This is probably part of the reason that many people are drawn to him. He’s probably the most genuine person when he says that he can identify with the American public. I’m not saying that everyone has $700k lying around the house, but at least he’s not billionaire elitist.

The Republicans

On the republican side you’ve got a bunch of millionaires who don’t remember what it’s like to shop at Target. This doesn’t surprise me, because it seems like you have to be a zillionaire to run for the Republican ticket. I don’t think Huckabee has much money, and again, that’s probably why he’s gaining so much popularity, because the American people see a quality in him that they can identify with. Romney is by far the richest candidate out of the entire pool, but he did make most of his millions on his own. He’s wheeler and a dealer. Romney is an extraordinary business financial mind and he made most of his wealth from leveraged buy-outs and venture capitalism. Guiliani was a very successful lawyer, and he has a couple of books and does high-priced consulting work, so it’s natural that he’d be worth about $30 to $40 million. John McCain? I don’t know where he got his money, but he’s not going to win the nomination, anyway.

So, there it is. What is your take on all of this? Do you think their net worth has any advantage or disadvantage to their race for the presidency?

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

Next Up on
Money Crashers

Amazon Prime Day Coming Soon

Amazon Prime Day 2019: How to Get the Best Deals

What is Amazon Prime Day? It's a day-long (or longer) extravaganza of exclusive deals for Amazon Prime members. During this sales-fest, the world’s biggest retailer will slash prices on a wide variety of items — some of them by as much as 50%. To get the most out of Prime Day, it pays to plan ahead — researching deals, deciding what to buy, and keeping track of when sales pop up. By preparing for Prime Day in advance, you can get the most for your money with minimal hassle.
Six Figure Income Jobs

11 High Paying Six-Figure Jobs Without a College Degree

While many aspire to go to college after high school, not everyone can, or should, head straight to university. Family issues, a lack of...

Latest on
Money Crashers

Sign Up For Our Newsletter

See why 218,388 people subscribe to our newsletter.

What Do You Want To Do
With Your Money?

Make
Money

Explore

Manage
Money

Explore

Save
Money

Explore

Borrow
Money

Explore

Protect
Money

Explore

Invest
Money

Explore