Alexandria Ocasio-Cortez comes from humble beginnings, having started with very little money. Before becoming a member of Congress, she worked as a bartender while attending college at Boston University.
Despite limited income, Alexandria was able to save enough money to begin investing in stocks and real estate before eventually launching her own business ventures.
What is Alexandria Ocasio-Cortez’s Net Worth?
Her current net worth is estimated at approximately $2-$3 million dollars.
About Alexandria Ocasio-Cortez
Alexandria Ocasio-Cortez is a politician, activist, and educator who has been making waves in the United States. As one of the youngest members of Congress ever elected, she has quickly become one of the most influential political figures in modern American history.
The combination of investments and business ventures has allowed Alexandria Ocasio-Cortez to build up significant wealth over time, demonstrating her ability to make sound financial decisions even under difficult circumstances.
Who Is Alexandria Ocasio-Cortez?
As a member of Congress for New York’s 14th district since 2019, she is one of the most influential figures in American politics today. From her humble roots as an activist to becoming one of the youngest members ever elected to Congress, AOC has achieved much success at a very young age.
A self-proclaimed democratic socialist, AOC was born and raised in The Bronx borough of New York City by Puerto Rican parents.
She started out working as an educator and community organizer before running for office. Since then, she has become known for advocating progressive policies such as Medicare For All and tuition-free college education while also opposing corporate welfare subsidies.
This stance earned her great admiration from many Americans who view her as someone willing to take on powerful interests like big banks and corporations.
How Alexandria Ocasio-Cortez Built Her Net Worth
Starting small but aiming high, this rising star recognized early on the importance of education as an investment for future gains.
After graduating from Boston University in 2011 with degrees in International Relations and Economics, Ocasio-Cortez gained experience working several jobs while attending school part-time.
Her hard work paid off when she was elected as the U.S. Representative for New York’s 14th congressional district at 29 in 2018.
This position alone provided her with a salary of $174 thousand dollars annually. This has increased due to cost of living adjustments and other perks.
In addition to income from employment, investments have been critical components of building Alexandria Ocasio-Cortez’s wealth portfolio over time.
She has made wise decisions regarding stocks, bonds, and real estate properties which have contributed significantly to her current estimated net worth of between one million dollars up to five million dollars.
With keen insight into market forces and trends combined with careful strategic planning, she has managed well her personal finances, leading up to where she stands today financially, both professionally and personally.
Sources Of Income For Alexandria Ocasio-Cortez
As a bartender and waitress, Alexandria Ocasio-Cortez earned money from tips given by customers in restaurants. In addition, she worked as a receptionist at a publishing company during college, which provided her with more financial stability. She also had part-time jobs such as teaching classes at dance studios or working on political campaigns.
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These activities helped supplement her other incomes while giving back to society in various ways.
Apart from these sources of income, Alexandria Ocasio-Cortez received significant donations when running for office.
According to Open Secrets data published in 2018, she raised over $3 million mainly through small donor contributions up until filing her initial campaign finance report.
Alexandria Ocasio-Cortez’s Business Ventures
Media production company Brook Avenue Press previously employed Ocasio-Cortez before she went on to launch Brand New Congress LLC, a political action committee that aims to ‘disrupt’ politics and promote progressive change.
In addition, Ocasio-Cortez also runs two lifestyle brands: The Courage Collective – inspired by her own personal journey towards self-discovery – and the more recent Cinco Clothing Co., through which she produces apparel designed for both men and women.
Each item sold by these companies helps fund campaigns such as those led by Justice Democrats and Sunrise Movement. Ultimately, these businesses demonstrate how far Ocasio-Cortez has come and showcase her commitment to supporting causes close to her heart.
Alexandria Ocasio-Cortez’s Investments
Ocasio-Cortez holds several investments, including stocks in major corporations such as Amazon, Apple, Microsoft, and Facebook.
Additionally, she owns bonds issued by the US Treasury Department, which are low-risk investment with guaranteed returns over time.
She also invests in mutual funds and ETFs (Exchange Traded Funds), which allow investors to diversify their portfolios across different asset classes at lower costs than buying individual stocks or bonds.
Furthermore, she has holdings of cash equivalents such as money market accounts which provide liquidity while earning relatively higher rates of return compared to regular savings accounts.
Lastly, Ocasio-Cortez has invested in real estate through various properties located in Queens and Manhattan boroughs of New York City. These properties generate rental income on top of potential appreciation from long-term capital gains if the value of the property increases.
Overall, Alexandria Ocasio-Cortez’s investment portfolio contains a diverse range of instruments that can help ensure stability during economic downturns while still offering some upside potential when markets recover.
With these securities properly managed and monitored, it is possible for Ms. Ocasio-Cortez to grow her net worth exponentially with minimal effort on her part allowing her more freedom when it comes to managing finances going forward into future years.
Real Estate Holdings
Real estate plays a significant role in AOC’s wealth accumulation over time. She currently owns two properties located in Bronx County and Queens County, which are valued at around $1 million combined, according to property tax records.
Additionally, she holds equity or partial ownership stake in multiple rental units across New York City with estimated values ranging between $800K-$2M per unit depending on size and location.
Stocks & Endorsements
In addition to real estate investments, AOC also maintains considerable stakes in several publicly traded companies such as Amazon and Apple through stock purchases.
Furthermore, she receives endorsement payments from sponsorships associated with prominent brands that provide financial backing for her Congressional campaigns. These funds have accumulated over time, resulting in sizable returns for inclusion in her portfolio of assets.
Tax Returns Of Alexandria Ocasio-Cortez
- Her 2018 income was reported at just under $200K
- Over half of this came from wages earned through work outside Congress
- A sizable portion (about 32%) originated from rental property owned by family members
- She also had roughly 10% coming from dividends/capital gains
- Lastly, she received some money via commissions on sales-related activities
Comparison Of Alexandria Ocasio-Cortez’s Net Worth To Other Politicians
Alexandria Ocasio-Cortez’s net worth is an interesting topic for discussion, as it can be compared to that of other politicians.
While many politicians are able to save due to various allowances given by their respective governments, others have high expenses related to travel costs associated with campaigning or attending conferences abroad.
Additionally, there might be differences in spending patterns based on lifestyle choices made by each politician, such as charitable donations or luxury purchases.
In order to draw accurate conclusions about how Alexandria Ocasio-Cortez’s wealth compares with that of other elected official, it is essential to evaluate her level of expenditure along with any investments which may be held individually or jointly with partners.
Alexandria Ocasio-Cortez’s Charitable Contributions
Ocasio-Cortez’s donations have largely gone towards efforts aimed at helping the disadvantaged and marginalized communities in the US.
In 2018, she donated $7000 of her salary to Bronx charities focused on providing assistance to those facing poverty or homelessness.
Additionally, she has contributed funds to immigrant rights initiatives, including a donation of over $50000 from the Alexandria Ocasio-Cortez Charitable Trust to United We Dream Action – an organization that works to protect undocumented immigrants from deportation.
In addition to donating money directly, Ocasio-Cortez also donates her time and energy by volunteering with organizations such as Girls Who Code – a non-profit dedicated to closing gender gaps in technology fields – and participating in environmental campaigns like Extinction Rebellion NYC’s “Rise Up For Climate Justice” rallies.
Alexandria Ocasio-Cortez’s Recent Financial Transactions
The first notable transaction was in April 2020, when AOC purchased securities valued at between $1 million to $5 million.
This purchase followed another one from March 2020, where she acquired stocks valued at between $100,000 and $250,000.
The most recent investment occurred on June 15th when the congresswoman invested in two ETFs for almost half a million dollars.
Legal Issues Affecting Alexandria Ocasio-Cortez’s Net Worth
The most notable example of this comes from allegations made against AOC by former campaign staffer Riley Roberts in 2019. Roberts claimed that he had received improper compensation for his work during AOC’s congressional race and argued for back pay alongside interest and attorney fees.
Ultimately, the case was dismissed due to lack of evidence but could still have affected AOC’s bottom line depending on the terms reached with Roberts’ lawyer before its dismissal.
Additionally, there were questions raised about whether or not some of AOC’s investments violated federal ethics rules after she revealed details about multiple Bitcoin holdings in 2021.
Although no charges were brought forward at the time, they could still impact her prospects if a further investigation occurs.
Conclusion
Her income is generated through various sources such as investments, real estate transactions, donations from supporters, and business ventures. Additionally, AOC’s charitable contributions have helped many organizations over the years.
Despite some legal issues which arose during her tenure as a congresswoman, AOC’s overall wealth continues to grow at an astronomical rate due in part to her smart financial decisions.
One Response
Hmmm, so an avowed socialist is building her wealth by working the capitalist system!?