Elizabeth Warren Net Worth: Senator Talks About Abolishing Electoral College

Sen. Elizabeth Warren (D-MA) said Monday night she wanted to get rid of the Electoral College, since according to her, the process effectively disenfranchises voters in states that were dominated by one of the two big political parties.

“Come a general election, presidential candidates don’t come to places like Mississippi. They also don’t come to places like California or Massachusetts, because we’re not the battleground states,” she said at a CNN town hall in Jackson, Mississippi.

She further said the way to make every vote count was to have national voting, which would mean getting rid of the Electoral College. In what was her first town hall after announcing her run in the 2020 presidential election, Warren said she believed the country needs a constitutional amendment that “protects the right to vote for every citizen and to make sure that vote gets counted.”

Warren was a law professor for over three decades, and taught at Rutgers University, the University of Houston, University of Texas-Austin, University of Michigan, University of Pennsylvania and Harvard University. She was asked by Democratic Majority Leader Harry Reid to serve as Chair of the Congressional Oversight Panel during the 2008 financial crisis. She was an assistant to former President Barrack Obama and special adviser to the Secretary of the Treasury. She ran for the U.S. Senate from Massachusetts and has served as the Bay State’s senior senator since 2003.

CNN released a report on Warren in 2015 that claimed her net worth was between $3.7 million and $10 million. They estimated her average net worth at $8.75 million, including her house that was assessed at $1.9 million.

According to her tax statements released on her website for the 2018 Senate re-election, Warren and her husband reported an adjusted gross income of $913,000 and while they paid $302,000 in taxes, they are eligible for almost $34,000 in refunds. She also attributed $174,000 of her earnings to her salary as a senator and $430,370 to income from books she wrote. Her net worth, along with her husband's, was estimated to be between $4 million and $11 million, most of which is in investments. The value of her house seemingly wasn’t added to the net worth.

During the 2016 election, former Secretary of State Hillary Clinton defeated President Donald Trump by almost three million votes in the popular vote by running up big leads in Democratic strongholds. However, she narrowly lost in swing states like Wisconsin, Michigan and Pennsylvania, giving Trump the victory on the Electoral College map. Efforts were since made to decrease the effectiveness of the Electoral College in favor of the popular vote at the state level. Washington, D.C., and 12 other states have signed a compact agreeing to assign their Electoral College votes to the winner, irrespective of the outcomes in those states.