AOCs Net Worth: Alexandria Ocasio-Cortezs Modest Money Proves Her Mettle
Highlights
- Politics and wealth often seem to go hand in hand, but Rep. Alexandria Ocasio-Cortez proves that service to the people matters more.
- AOC's humble background and modest net worth stand out in a political world ruled by the wealthy.
- Despite intense criticism, AOC remains dedicated to serving her constituents and fighting for real change.
- AOC's net worth has been the subject of false rumors, placing it as high as $29 million.
In the current political climate, anyone could be forgiven for thinking politicians without massive fortunes are a myth, or at least a thing of the past.
"Politics" is often synonymous with wealth, because there is a widespread belief that a person will require lots of money and resources to win an election.
It might seem inviolable, but a career in politics is about serving the people, and managing and maintaining their needs — and who can do that better than people from their own districts, with lives and backstories much like their own?
But on the contemporary political scene, service to the people is an almost outdated notion; the wealthy and powerful flood money into elections so that when their backed candidates are in power, their moneyed backers can make even more money.
On the modern political stage, seldom do politicians with a non-affluent background emerge — and even less frequently, do they secure a chance to make a real change.
But Rep. Alexandria Ocasio-Cortez – often known mononymously as AOC – pulled it off, as a brave young woman who broke many political traditions when breaking into the infamous Beltway.
AOC emerged as an honest and outspoken warrior to challenge the status quo and established political giants, and she speaks her mind:
But most surprisingly, Ocasio-Cortez was the youngest member of the 116th Congress, and she also emerged from a humble background; she is a rare gem in the crowded field of politicians and DC mainstays.
Today, we'll look at AOC’s net worth – which is extremely modest by Beltway standards – and learn how she managed to shine on the political stage in spite of her non-affluent background.
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In 2017, an ambitious then 27-year-old Alexandria Ocasio-Cortez launched her political campaign against longstanding incumbent, Rep. Joseph Crowley.
Representing the 14th Congressional District, Joe Crowley was a political giant. No one had challenged Joe Crowley since 2004, and Crowley had held his office since 1999.
He was a ten-term incumbent, Chairman of the House Democratic Caucus, and everyone was certain he would again win against a political rookie like AOC.
Rep. Crowley had significant resources at his disposal; he possessed power, money, tenure, and the support of most of his Democratic colleagues.
On the other hand, a 27-year-old Alexandria Ocasio-Cortez, who had just stepped into mainstream politics, was severely under-financed, and her supporters were fewer in number compared to Crowley's.
But she returned to the roots of politics, engaging with people, leveraging her keen understanding of social media platforms, and capturing myriad non-traditional media channels, to stay at the forefront for the Democratic voters in her New York district.
In June 2018, something unexpected happened in the United States in mainstream politics, which still reverberates.
A then 28-year-old Alexandria Ocasio-Cortez defeated the fourth-ranking Democrat in the House, Rep. Joseph Crowley:
Not only did she win, she won by a significant margin, marking what the New York Times twice called a significant electoral upset.
AOC secured 57 percent of the vote, a massive 15 percent lead over Rep. Crowley, executing one of the greatest upsets in recent political memory — an even larger feat due to Crowley's lengthy Congressional tenure.
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AOC, with hard work and dedication, crossed the victory line and became the youngest member of the 116th Congress, but her fight started in earnest when she stepped foot into the Capitol.
It was time to fight to resolve the very real problems of her constituency, as she promised her voters that she would battle to get Medicare For All, housing as a human right, and justice for workers and small businesses — all of which are huge issues, hampered by moneyed lobbies opposing change.
AOC is also an advocate for non-immigrant workers, a peaceful economy to halt the business of war, a flourishing green sector, women’s rights, LGBTQIA+ rights, and recovery for Puerto Rico, as her roots are in the oft-forgotten American territory.
All are mammoth undertakings, but Ocasio-Cortez is no longer a novice politician; she has become a headache for those who oppose her missions.
Among the most talked-about politicians in the United States (even outside her district), Rep. Ocasio-Cortez speaks her mind.
Even former President Donald Trump has criticized the Democratic progressive group colloquially known as "The Squad," of which she is a part.
"The Squad" includes young and extremely talented Democratic politicians: Reps. Ilhan Omar, Ayanna Pressley, Rashida Tlaib, Cori Bush, and Jamaal Bowman.
According to Trump, their criticisms of his leadership were unwarranted, and he thought they should "go back and help fix" things in their own districts, evidencing the frustration AOC caused the former President.
AOC is a famously and unapologetically progressive lawmaker, and far-right politicians like Republican lawmaker Paul Gosar have aimed extreme hatred at her.
In 2021, Paul Gosar edited a clip of the anime series Attack On Titan, and depicted himself as a "hero" who "killed" AOC in the edited video.
At the time, Ocasio-Cortez said of Gosar's behavior:
"So while I was en route to Glasgow, a creepy member I work with who fundraises for Neo-Nazi groups shared a fantasy video of him killing me ... And he'll face no consequences bc [House Minority Leader Kevin McCarthy] cheers him on with excuses.
"Fun Monday! Well, back to work bc institutions don't protect [women of color]."
Another GOP lawmaker, Rep. Ted Yoho of Florida, verbally abused her. Later, he apologized only for his statements, not to the person he attacked.
AOC vehemently condemned these incidents, which she characterized as endemic behavior from across the aisle.
The intense reactions of rival party members towards her is proof that she represents a genuine threat, both to the status quo and to longstanding political agreements that don't favor everyday Americans.
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One more thing evidencing AOC's honesty is that while she has been serving for more than five years, unlike most politicians, she hasn't accumulated a huge amount of money, nor does she seem to receive political perks for personal gain.
According to Yahoo! Finance, AOC's net worth is estimated at a modest $200,000.
She was the subject of false rumors to the contrary, claiming AOC's net worth had reached the very specific and unsubstantiated sum of $29 million.
One of the youngest, most popular political talents in the United States today, Alexandria Ocasio-Cortez did not go into politics solely for her own financial gain; she is one of the rare politicians who enter the field to improve conditions for her constituents as well as Americans in other districts.
AOC's Net Worth And Reported Financial Details, Recapped
| AOC's Net Worth (Estimated) | $200,000 |
| AOC’s Congressional Yearly Salary | $174,000 |
| AOC's Annual Salary As Waitress (2017) | $26,581 |
| AOC's 2021 Assets | $3,000 To $45,000 |
| AOC's 2018 Savings | $1,000 To $15,000 |
| AOC's Campaign Salary | $6,000 |
AOC's Congressional salary is $174,000 annually, meaning she earns $14,500 per month.
In 2018, she disclosed the total of her savings account in the pre-set disclosure bracket of $1,001 to $15,000.
However, in their coverage of AOC's first financial disclosures, CNBC reported that the race depleted her savings:
"The 2018 race took its toll on her finances, Corbin Trent, director of communications for Ocasio-Cortez, tells CNBC Make It. 'She’s had to dip into her savings since that was filed.
"'She’s down to well below $7,000 now' in that account, and the amount in her 401(k) hasn’t changed as she has not been contributing to it in recent months while she has been living off of her savings. Trent said he was unable to comment on her current checking account balance."
In 2021, when she made her most recent disclosure statement, AOC declared $3,000 to $45,000 in assets, including a 401(k) plan, savings, and her checking account.
Like many young Americans, AOC still owes $15,000 in student loans; in 2018, her student loan debt stood at $50,000.
Many Americans do not agree with Alexandria Ocasio-Cortez's ideology; some disapprove of her approach to politics wholesale.
But few question her intent to fight for change, nor her honesty.
This signals that AOC is emerging as a serious contender for higher public positions, including possibly the presidency in the future — but at 34, Ocasio-Cortez remains ineligible to run for that office.
Ultimately, Washington needs fiery young talents like AOC: she is fierce, honest, opinionated, and, most importantly, she follows through with her political stances and continues to clamor for change.
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