Andrew Yang Net Worth: Former Democratic Candidate Is Not As Rich As He Seems

Andrew Yang’s net worth is expected to be around multi-millions but in reality, it is much lower than that. Even though his background is in the tech industry, a report claims his net worth is below $2 million.

Yang started as a virtually unknown democratic presidential bet but recently gained fame and attention. However, yang has confirmed today that he is dropping out of the campaign after lowly results in New Hampshire and Iowa.

Forbes estimates Andrew Yang's net worth to be around $1 million. A lot of people may think he is already a billionaire due to his background but he pales in comparison to other presidential candidates when it comes to war chest.

In the top tier are candidates billionaire Michael Bloomberg and multi-millionaires John Delaney, Michael Bennet, Joe Biden, Bernie Sanders and Elizabeth Warren, to name a few. On the other hand, joining Yang in the million dollar net worth and below is Pete Buttigieg.

The 44-year-old Yang, who is also known as “Silicon Valley’s candidate”, was a former CEO of startup called Manhattan Prep. In 2009, the profits of the company reached $11 million. He and his partners eventually sold Manhattan Prep to Kaplan for a couple of million dollars. However, it was not known how much the democratic presidential candidate made off from the deal.

Before Manhattan Prep, he worked for Stargiving.com until it folded. He then started Venture for America to encourage fresh graduates to work in startups. It was clear that being in the tech industry is a lot more lucrative for him. He made $258,000 in 2016 as CEO of Venture for America and raked in $217,000 a year after. He left the post in 2017.

He has made around $150,000 in 2018 from speaking engagements. He is also making some money on the side as a book author ("The War on Normal People"). Yang made around $29,000 from book royalties in 2018. In terms of other sources of income, one of his properties include a 2,700-square-foot home in New York allegedly worth $500,000. Heavy also reports some of his assets are put in Apple, Lending Club, iRobot, Digitl Realty, Verizon, Vodafone, bonds, and more.

It is no wonder of his more famous platforms is "Freedom Dividend" plan where the basic income for each American adult is $1,000. Although coming from the tech industry, he vowed to protect the people from the dangers of automation in the workforce, per The Washington Post.