A recent poll showed Senator Elizabeth Warren leading the race to become the Democratic candidate for the US presidential election in 2020
A recent poll showed Senator Elizabeth Warren leading the race to become the Democratic candidate for the US presidential election in 2020 AFP / SAUL LOEB

Elizabeth Warren’s net worth is estimated at $12 million. Is she richer than Joe Biden and Bernie Sanders?

Democratic presidential hopeful Elizabeth Warren has an estimated net worth of $12 million which she shares with her husband Bruce Mann, Business Insider noted. The couple owns houses in Cambridge and Washington allegedly worth $3 million and $800,000, respectively.

Warren’s past work includes teaching, writing and consulting. She also made some investments and gets money from book royalties. The books she released are entitled "The Two-Income Trap", "A Fighting Chance" and "This Fight Is Our Fight: The Battle to Save America's Middle Class”. A former lawyer professor, Warren receives $174,000 as salary from her duties as a senator.

Warren and her husband also invested heavily in retirement accounts. Per Forbes, it accounts for more than half of their net worth. The report added that the senator also has put in $50,000 in IBM stock.

When it comes to who is richer among the three leading Democratic presidential bets, Warren’s $12 million is more than Bernie Sanders’ $2 million and Joe Biden’s $9 million.

If she goes on to win the presidency, Warren vows to implement a wealth tax where those whose wealth is over $50 million will be taxed two cents on every dollar above the threshold. On the other hand, those who have over a billion in net worth will be taxed six cents for every dollar above the limit.

Warren gained popularity for going for the big corporations and bankers, claims The Washington Post. Moreover, she wants to implement a universal healthcare, which means all U.S. residents get to enjoy benefits that is shouldered by the government.

The 70-year-old Massachusetts senator is gaining popularity in polls. This would eventually help her push her agenda for climate change, abortion, LGBTQ and education.

When it comes to campaign funds raised, she has collected a total of $60.3 million so far, which ranks second to Bernie Sanders’ $74 million, Business Insider noted. On the other hand, when it comes to media coverage, Joe Biden is ahead of the pack and Warren comes in second in terms of media mentions from CNN, FOX NEWS and MSNBC this year.

With her net worth and rising popularity, there is reason for fans of Elizabeth Warren to believe she has what it takes to win it all in 2020.

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