KEY POINTS

  • Chuck Schumer entered politics through the New York State Assembly after graduating from Harvard Law School
  • He first served as a representative for New York's 9th district before becoming a senator
  • He is the Senate majority leader as of Jan. 20

Senate Majority Leader Chuck Schumer has devoted his life to the service of the American people. Here’s how much the Democratic senator from New York earns in 2021.

Schumer’s net worth is estimated to be $900,000, according to Celebrity Net Worth. The 70-year-old earns $193,400 annually, per a 2019 report on congressional salaries and allowances. His annual salary is higher than the yearly pay of a senator, which is $174,000, due to his position as Senate majority leader. 

As a senator, Schumer has access to funds that cover his travel, staff payroll, office supplies and equipment, mail and district office rental, among other official expenses. The Senators' Official Personnel and Office Expense Account (SOPOEA) provides senators with an administrative and clerical assistance allowance, legislative assistance allowance and official office expense allowance.

While the legislative assistance allowance is the same for all senators, the amount allotted for the administrative and clerical assistance allowance and the office expense allowance vary based on their respective states' population and how far their home states are from their Washington, D.C. office, Thoughtco.com noted.

For fiscal year 2020, the allowance senators received ranged from $3.4 million to $5.4 million, depending on the state. The average appropriation was $3.7 million, per the 2020 SOPOEA report.

Senators who have served for five years or longer are also eligible to collect a pension at the age of 62. The average pension in 2018 was $41,208, Fox Business reported. 

The Brooklyn-native had set his eyes on a political career during his school days. After graduating from Harvard Law School in 1974, Schumer was elected to the New York State Assembly, per the senator’s official website. He went on to become the representative for New York’s 9th district after completing his term as an assemblyman.

Then in 1998, Schumer was elected to the Senate and became a senior senator from New York after the retirement of Sen. Daniel Patrick Moynihan in 2000. 

Schumer is behind the law that allotted $20 billion for rehabilitation after the 9/11 terror attacks and the $63 billion relief package to help those affected by Superstorm Sandy. He plays an integral part in the success of the Biden administration’s priority bills in the Senate, The Guardian reported.

Democrats, like US Senate Minority Leader Chuck Schumer, are more likely to wear masks Democrats, like US Senate Minority Leader Chuck Schumer, are more likely to wear masks Photo: AFP / SAUL LOEB