1. Average candidate's assets: $208.5 million, vs. $29,410 for the median American. President Donald Trump tops the field, with $1.7 billion in assets; Former Massachusetts governor William Weld, who is challenging Trump in the Republican primary, has $47 million.
(Photo Credit: White House)
2. Average candidate's cash savings: $16 million, vs. less than $1,000 for most Americans. Trump leads with $50 million to $169 million.
3. Biden has been raking in fees for speeches. Former Vice President Joe Biden’s average speaking fee since 2018 was $127,760, with his biggest paydays coming from Drew University ($190,000) and Lake Michigan College ($182,679).
Biden’s overall income from speeches hit $5.2 million, with nearly $1 million of which came from events held by post-secondary educational institutions.
(Photo: Andrew Cuatro/Biden campaign)
4. Trump owns a lot of personal real estate. The real estate magnate owns five personal properties worth more than $122 million in total.
5. Warren has no debt. Elizabeth Warren has no liabilities listed on her financial disclosures. That means she doesn't have any debt declared. (Klobuchar didn't declare any debt, either.)
(Photo: Callaghan O'Hare/Bloomberg)
6. Top Financial Institutions Used: BlackRock (Trump and Rep. Tulsi Gabbard, D-Hawaii); Fidelity Brokerage Services (Weld, Trump); Vanguard (Gabbard, Warren); TIAA (Warren, Amy Klobochar, Bernie Sanders, Biden).
Heading into Super Tuesday, former Indiana mayor Pete Buttigieg and Sen. Amy Klobuchar of Minnesota announced that they’d exit the Democratic presidential race.
As 14 states (plus American Samoa) and roughly 40% of U.S. voters come up for grabs on Tuesday, a just-released analysis by WalletHub takes a look at how the candidates manage their own money.
The WalletHub analysis did not include information on presidential candidate and former New York City mayor Michael Bloomberg, who as of February was the ninth richest person in the world. According to Forbes, his net worth was estimated at $61.9 billion.
WalletHub’s 2020 Presidential Candidate Personal Finance Report includes a breakdown of seven leading candidates’ financial disclosures, including how the average candidate’s savings compare to the average American’s and which candidates made a small fortune from speaking fees. The poll, released early Monday, came just before Klobuchar said she was suspending her campaign.
Candidates for the Democratic nomination in 2020 shelled out more than $726 million so far, the study reports.
Read the gallery above for some tidbits on the candidates’ finances.
— Check out 3 Ways Coronavirus Could Derail Trump’s Reelection: Andy Friedman on ThinkAdvisor.