Add on a 5% rate of return if she invests in stocks or real estate plus her existing $7,000 in savings, and Ocasio-Cortez should have a net worth of roughly $100,000 at the beginning of 2021. 2 NYC Congressional candidates today support #AbolishICE pic.twitter.com/ePTMSJvoOm, Alexandria Ocasio-Cortez (@AOC) June 26, 2018. Our rating: False. Sergio Ocasio-Roman was a co-owner of an architectural practice that operated from a ground-level, 600-square-foot apartment in the sprawling, 12,000-unit Parkchester condominium complex in the central Bronx (seen above). Over the following years, Ocasio-Roman and his wife were served with three separate judgments--totaling about $10,000--from the New York State Department of Taxation and Finance. After Sergio and Blanca got married, they moved to a planned community in Parkchester, a working class neighborhood in The Bronx, New York. After finishing high school, she enrolled in Boston University, obtaining a degree in international relations and economics. .rll-youtube-player, [data-lazy-src]{display:none !important;}. AOC has soon established herself as one of the most vocal democrat in the country. Offers may be subject to change without notice. . "string"===typeof e[0]&&f.push(e.shift());l.push.apply(l,k([],h(e),!1));try{Function.prototype.apply.call(b,console,k([f.join("")],h(l),!1))}catch(A){console.error(A)}};return a}());g=function(){function a(b){this.adthrive=b;this.video=this.recipe=this.content=this.all=!1;this.locations=new Set;this.reasons=new Set;if(this.urlHasEmail(window.location.href)||this.urlHasEmail(window.document.referrer))this.all=!0,this.reasons.add("all_email");try{this.checkCommandQueue(),null!==document.querySelector(".tag-novideo")&& Like our page to get updates throughout the day on our latest debunks, Rep. Ocasio-Cortez arrested during protest at the Supreme Court, Majority of lawmakers in 116th Congress are millionaires, Alexandria Ocasio-Cortez: To pay off student loans I had to do something that was nearly impossible, Ocasio-Cortez to be youngest woman ever elected to Congress, Fact check: Rep. Alexandria Ocasio-Cortez's net worth is not close to $1 million, Fact Check: AOC misspoke when blaming the unbuilt Keystone XL pipeline for a leak. But Blanca struggled to provide for the family, and after Alexandria graduated from college, she took on extra work to help keep the family afloat. All quotes delayed a minimum of 15 minutes. You better believe she can pay off her own damn student loan.. Alexandria Ocasio-Cortez Biography 2023 - Politician. One such example is her regular Instagram live sessions where she talks about current stuff. Its less than 1,000 sq.ft 3 small bedrooms & 1 bathroom for 5 people. Kerri, running in Delaware, drove to New York HERSELF to get out the vote and outfitted her team in Ocasio2018 gear to do the same on Election Day. At 29, AOC became the youngest member of the 116th Congress and the youngest woman in American history to serve in the U.S Congress. Alexandria Ocasio-Cortez Net worth. The architect fell so behind on the apartments mortgage payments that Citibank moved to foreclose on the loan. I dont agree with most of her political positions but lets at least have decent reporting with sources. Ocasio-Cortezs mother remained in the Yorktown Heights home until late-2016, when the family sold the residence--which they had recently spruced up--for $355,000. In her first year as a Congresswoman, Ocasio-Cortez earned $174,000. After one year, Ocasio-Cortez will have boosted her net worth by $88,800 through savings alone. Instead, you can invest in real estate across the country with lower valuations and higher net rental yields through crowdfunding. How do they arrive at the $1.5 Million net worth? So should yours! Likewise, her father was born in the Bronx to a Puerto Rican family and became an architect. Ocasio-Cortez became the youngest woman in American history to serve in the U.S Congress. In addition, she has been very vocal about granting citizens of Puerto Rico further civil rights, including disaster relief and voting rights. AOC's 'tax the rich' dress: Who qualifies as wealthy? Alexandria Ocasio (AOC) owns over 6 real estate properties, 5 Cars, 2 Luxury Yachts. Alexandria Ocasio-Cortez Net Worth [April, 2023 - Genius Celebs Assuming a 20% effective tax rate on her $174,000 Congress salary, she is left with roughly $139,200 in after-tax income a year or $11,600 in after-tax income a month. S/he clearly did subscribe to the own bias-buble He ended up moving to New York to be with her. Getty However, despite a court-ordered foreclosure judgment, Ocasio-Roman somehow kept the bank from seizing the Bronx condo. Article by ebiographypost.com All right reserved. [A-Z]{2,})/i.exec(b):!1};return a}();if(m=window.adthriveCLS)m.disableAds=new g(window.adthrive);n.ClsDisableAds=g;Object.defineProperty(n,"__esModule",{value:!0});return n}({}) Darkness taught me transformation cannot solely be an individual pursuit, but also a community trust., Drunk Floridian killed bird with Glock pistol, police charge. That same Chamber of Commerce listing says that the business had a sales volume of 500,000 and employed six people. In the past, youd have to spend millions to buy an office building or student housing complex. She has a younger brother named Gabriel, who grew up with her in New York. CAknowledge.com has also shared the supposednet worth of other well-known politicians, includingVice President Kamala Harris, who it claims has a networth of $28 million, $67 million and $69 million in different places in the same report. For example, in addition to her $174,000 salary, Senator Elizabeth Warren got an advance of $525,000 to write A Fighting Chance. The book chronicles Warren's rise from a struggling childhood to the Senate and her fight for middle class Americans. Spending $50,400 a year of her $174,000 a year salary seems like a reasonable amount. They only have citizenship/age/residency requirements. The early life of Alexandria Ocasio-Cortez. But given Alexandria Ocasio-Cortez is only 32 years old as of 1H2022, and the average age of a Congressman is 57, and the average age of a Senator is 62, it is logical to conclude that AOC's net worth is much lower than the median or average Congressperson's net worth. See the chart below by the US Bureau of Census. Alexandria Ocasio-Cortez Net Worth - Wealthy Gorilla which is long debunked by multiple sites. During this period, Ocasio-Roman added to his real estate portfolio when he purchased with his partner a second Parkchester South apartment for $25,000 cash (the unit was used as their office). After college, she founded a childrens book publishing company that sought to portray the Bronx in a positive light. Her site explains that the Ocasio family was suddenly . Heres what you need to know about Sergio Cortez: As the economic crisis hallows out some elements of Puerto Rican life, other locales evolve in the hands of artists. Other issues that the lawmaker has talked about and introduced policies for are anti-poverty, LGBTQ equality, and other domestic and foreign issues. Fact Check-No evidence Alexandria Ocasio-Cortez has a net worth of $29 When unpaid principal, overdue interest, and late fees were tallied, the architect owed the bank more than the mortgages original amount. Assuming Ocasio-Cortez pays the median $2,700 for an apartment in Washington D.C, spends another $1,000 for food and drinks, and another $500 for entertainment and transportation expenses, Ocasio-Cortez will have a monthly burn of roughly $4,200 after-tax. Image Source: Alexandria Ocasio-Cortez Twitter. As the pair are very private about their relationship, we might not be privy to the politician and her boyfriend's big day. Ocasio Cortez . USA Today, "Fact check: Rep. Alexandria Ocasio-Cortez's net worth is not close to $1 million," March 10, 2021 House of Representatives, Rep. Alexandria Ocasio-Cortez financial disclosure report . Growing your net worth is all about widening the gap between income and expenses. 1989, the daughter of Blanca Ocasio-Cortez (ne Cortez) and Sergio Ocasio-Roman. Whats more, even though Alexandria Ocasio-Cortez claimed to be a daughter of a small businessman, and a mother who cleaned houses, her father, Sergio Ocasio-Roman, was born in New York City and was a prominent architect, having founded the firm Kirschenbaum & Ocasio-Roman Architects, PC. She earned over 57% of the vote in the primary elections, which many media outlets regarded as the biggest upset victory in the 2018 midterm election primaries. Vote today and help us mobilize. She drew nationwide recognition on June 26, 2018, when she won the Democratic Partys primary elections for New Yorks 14thcongressional district. Ocasio-Cortez was the subject of similar claims last year, when it was baselessly claimed she had become a millionaire (here). She is also part of an informal group of progressive members of the U.S Congress known as The Squad, which constitutes Ayanna Pressley, Cori Bush, Ilhan Omar, Jamaal Bowman, and Rashida Tlaib. 2. The MBE designation is given to firms whose stock--at least 51 percent--is owned by members of designated minority groups. , the company had a sales volume of 500,000 and six employees. It was not long ago that our familys hope was so dim it was barely an ember, she wrote. Alexandria Ocasio Cortez was born in the New York City borough of the Bronx on the 13 October 1989, the daughter of Sergio Ocasio Roman and Blanca Ocasio Cortez. Traders in the world would love that return. Your California Privacy Rights/Privacy Policy, Jocelyn Swift, Aug. 11, 2022, Email exchange with USA TODAY. However, her college experience took a sour turn since she lost her father during her second year and faced a legal battle regarding his estate. AOC's Financial Struggles Were Very Real | The Smoking Gun She earned over $6,000 from her campaign as a salary. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. They wake up 10 years later wondering where their money went. What personal expenses do you believe are covered by the taxpayers>? AOC Net Worth. Although many high-profile individuals and political figures endorsed Crawley, Alexandria benefited from different endorsements from organizations like Democracy for America and MoveOn. Ocasio's father died suddenly in 2008, at 48 years old, due to cancer. According to AOC's communications director at the end of 2018, Ocasio-Cortez had around $7,000 in savings. Sergio and Blanca had two children: Alexandria Ocasio Cortez and Gabriel Ocasio Cortez. The estimated net worth of Alexandria Ocasio-Cortez is $500,000. The opportunities to make lots of money for AOC is endless. Alexandria Ocasio-Cortez has continued to use her social media handles to educate the young generation about various social issues. She also won the Reform Party primary without campaigning. A differentAug. 4 Facebook post mentionsOcasio-Cortezs student loan debt, which is a topic she has spoken about many times. Read more about our work to fact-check social media posts here. Where the rest of her $15,000 in savings went, it's hard to know. I dont think you understand what corrupt means. Either She is engaged, married, or in any relation? She also received a 3000-dollar annual living expense credit, retirement, and health/insurance benefits. Her mother was born in Puerto Rico, and she cleans houses for a living. The Inquisitr is a registered trademark. Alexandria Ocasio-Cortez Net Worth is a Financial Samurai original post. Its not hard to generate wealth with investments. Ocasio-Cortezs most recent financial disclosure, which was filed in 2021, shows her with assets between $3,003 and $45,000, including a 401(k) plan, and student loan debt between $15,001 and $50,000. She also still carries student loan debts. The CAknowledge article, entitled Alexandria Ocasio-Cortez Net Worth 2022 (Forbes) AOC Assets Salary Cars House, does not state its source of information, other than the reference to Forbes in the title. The family feared that they might lose their Westchester home. Sergio Ocasio founded a company called Kirschenbaum Ocasio-Roman Pc.
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