KEY POINTS

  • Michael Bloomberg is the richest democratic presidential candidate
  • Pete Buttigieg's net worth is around $100,000 only
  • Tom Steyer is another billionaire in the list, joining Bloomberg

Topics and issues about the U.S. election 2020 are endless and one controversial discussion revolves around personal wealth of presidential democratic candidates. Who among them is the richest and the one with the least net worth? How did they build their wealth? Read on to find out.

Bernie Sanders

Sanders’s net worth is around $2 million. He has had multiple government positions in the past, but what helped him establish his wealth was when he received a large amount of money for a book he wrote in 2016. He’s also earning some money for speaking engagements and public speaking. Sanders remains popular among the Latino crowd and has raised a considerable amount of funds from supporters for his campaign.

Pete Buttigieg

Although he is considered one of the better paid mayors, Buttigieg is actually still paying his student loans. His estimated net worth is around $100,000. Compared with other democratic presidential hopefuls, Mayor Pete’s net worth pales in comparison. If he gets elected, he will rewrite history books as the first openly gay president of the U.S. 

Joe Biden

Biden and his wife's net worth is around $9 million and many see him as the one who would likely win the democratic presidential race, that is until he fell in the Iowa Caucus. A big part of the couple’s net worth came from speaking engagements and book royalties.

Elizabeth Warren

Warren was already a multi-millionaire even before deciding to run for the 2020 elections. Together with her husband, they have about $12 million in net worth. Aside from investing in retirement accounts, Warren also invested in IBM stocks. Some of her platforms include going for the big corporations and taxing them and implementing a universal healthcare.

The top candidates in the Democratic presidential nomination race (from left) -- Mayor Pete Buttigieg, Senator Elizabeth Warren, former vice president Joe Biden and Senator Bernie Sanders -- squared off in the party's fifth debate of the 2020 cycle The top candidates in the Democratic presidential nomination race (from left) -- Mayor Pete Buttigieg, Senator Elizabeth Warren, former vice president Joe Biden and Senator Bernie Sanders -- squared off in the party's fifth debate of the 2020 cycle Photo: AFP / SAUL LOEB

Michael Bloomberg

The former mayor of New York City is a billionaire. His net worth is allegedly around $54 billion, making him one of the wealthiest persons in the world. A big bulk of his earnings come from founding the Bloomberg media. He also worked for Salomon Brothers which later gave him a $10 million severance package. If elected, Bloomberg vows to sell his empire or put them in a blind trust. 

Amy Klobuchar

Klobuchar may not share the same prestige or popularity as some of her fellow democratic   presidential hopefuls, but she has a shared net worth with her husband John Bessler of around $2 million. She practiced law and became a partner until she decided to run for a senate seat in 2006. Prior to that, she ran for the Hennepin county attorney position and won. 

Tom Steyer

Steyer is another billionaire before deciding to run for the highest position in the nation. Forbes reports his net worth to be around $1.6 billion. He is credited for the Farallon Capital which is one of the most profitable hedge funds in the U.S. Despite his billionaire status, Steyer remains grounded and was seen flying economy and driving a Honda Accord.

The democratic presidential candidates are in for the last stretch of the campaign period. It remains to be seen if the amount of their net worth will have any effect on their campaign and the support they greatly need at this time.