Yahoo Finance How Much is Amy Klobuchar Worth?
U.S. Senator Amy Klobuchar has an estimated net worth of $640,000 to $2.51 million.
Her earnings are mostly derived from her congressional salary of approximately $174,000.
Klobuchar holds investments in stocks and bonds worth an estimated $1.19 to $2.78 million.
Klobuchar has yet to confirm her intent to run for the 2024 U.S. presidential elections but made several appearances on the campaign trail in 2020 and raised approximately $17 million in total between 2017 and 2022.
Sen. Amy Klobuchar is the senior United States senator from Minnesota and a member of the Democratic Party. She was first elected to the Senate in 2006 and reelected in 2012 and 2018. For the 2020 presidential election, Klobuchar ran as a Democratic candidate but suspended her campaign in March 2020. She earned her law degree in 1985 from the University of Chicago Law School and practiced corporate law for nearly twenty years before being elected into office. She was the first woman elected to represent Minnesota in the Senate.
With the 2024 presidential election drawing near, Klobuchar is considered a potential candidate for the Democratic nomination, although her official bid for candidacy has not been confirmed.
Birthdate: May 25, 1960
Net worth: $1.19 to $2.76 million
Source of income: Congressional salary
Career highlight: United States senator, 2007 to present
How Much Is Amy Klobuchar Worth?
According to her 2021 disclosure form obtained by LegiStorm, Klobuchar has an estimated net worth of between $640,000 to $2.51 million. If her net worth falls in the upper half of this range, it would place her in the top half of Congress members, for which the median net worth based on 2019 disclosures was just above $1 million.
Earnings
Most of Klobuchar’s wealth comes from her annual congressional salary of approximately $174,000. Klobuchar has also reported earning around $13,000 in 2021 for book royalties through Penguin Random House. She has several royalty agreements for books she has written in the past as well.
Investments
In addition to sources of income, Klobuchar also holds a variety of assets, such as investments in stocks and bonds. These investments have grown since she entered the Senate, when they were valued at $295,000 to $1.28 million in 2008 and were estimated to be worth at least $1.19 to $2.78 million in 2021.
Klobuchar’s financial disclosure forms reveal a number of investments consisting of mostly mutual funds of stocks and bonds. There is also a mortgage on real estate in her spouse’s name.
2024 Campaign
Klobuchar has yet to confirm her intent to run for the 2024 U.S. presidential elections. However, she made several appearances on the campaign trail in 2020 and was mentioned as a potential vice presidential running mate for President Joe Biden. She has also participated in numerous fundraising events and political debates for her potential candidacy.
How Much Money Has She Raised?
In the period between 2017 to 2022, Klobuchar raised nearly $17 million. The major contributors to her fundraising efforts include Delta Airlines, University of Minnesota, Walt Disney Co, a law firm, and a hearing technologies company. The top industries that she was financially supported by include lawyers, securities & investment, women’s issues, and TV/movies/music.
Nearly 70% of the money she raised was comprised of large and small individual contributions. Only $1.7 million was raised from PAC contributions. Klobuchar did not self-finance at all.
Klobuchar is an opponent of the use of dark money in political campaigns. As the Chairwoman of the Committee on Rules and Administration, she kicked off Senate hearings on legislation designed to remove dark money’s influence on politics.
What Are Her Core Policies?
Klobuchar has been vocal in her advocacy of progressive causes, particularly the fight against climate change and gun violence. She has indicated she would work towards addressing these issues if she had won the presidency in 2020. Klobuchar has also been outspoken in her support of healthcare reform, renewable energy sources, and immigration reform, which are still relevant to the upcoming 2024 election.
How Her Fiscal Policy Could Impact You
Amy Klobuchar’s fiscal policy involves a combination of tax reform and increased investments in infrastructure and education. She supports economic growth through increased innovation, finding new markets for U.S. goods abroad, and supporting small businesses.
Klobuchar is a proponent of a $15 per hour minimum wage, which will improve the quality of life for millions of Americans working minimum wage jobs. She also supports making college, healthcare, housing and childcare more affordable, which could mean that many Americans’ main expenses would decrease significantly.
Among her most notable proposals has been her effort to expand the Earned Income Tax Credit (EITC). By increasing the EITC, she hopes to promote economic security for American families and give them a reliable path out of poverty.
Amy Klobuchar’s Background
A native of Plymouth, Minnesota, Amy Klobuchar was born on May 26, 1960, to a newspaper columnist and an elementary school teacher. She attended public schools in her hometown from elementary to high school. In 1982, she graduated magna cum laude from Yale University.
Post-college, Klobuchar earned her Juris Doctor from the University of Chicago and practiced law in Minnesota as an attorney for Hennepin County.
She is the first woman elected as a Senator of Minnesota and has been serving since 2007.
Klobuchar has championed many progressive issues, including expanding access to quality healthcare, increasing wages and job opportunities, providing tax cuts for middle-class families, protecting the environment, and reducing student loan debt.
Erika Giovanetti & Sean Dennison contributed to the reporting for this article.
More From GOBankingRates
This article originally appeared on GOBankingRates.com: How Much is Amy Klobuchar Worth?
