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How rich is New Jersey senator Cory Booker; Cory Booker’s net worth revealed

How rich is New Jersey senator Cory Booker; Cory Booker's net worth revealed
Bogdan Stojkov

Cory Booker has made a name for himself in American politics and is seen as a potential presidential candidate in the future. As such, many people wonder just how wealthy the New Jersey senator is—so let’s explore Cory Booker’s net worth.

Who is Cory Booker?

Cory Booker was born in 1969 and grew up in Harrington Park, New Jersey. He attended Stanford University, earning a bachelor’s and a master’s degree, followed by a Rhodes Scholarship to study at the University of Oxford. He then went on to earn his Juris Doctor (J.D.) degree from Yale Law School.

Booker began his political career as a Newark City Council member before becoming the Mayor of Newark from 2006 to 2013. He won a special election in 2013 to become the US Senator from New Jersey, a position he still holds.

Cory Booker’s net worth

Cory Booker’s net worth varies, depending on different sources. Namely, OpenSecrets reports his net worth to be around $807,500, and Forbes estimates it at $1.5 million. Either way, let’s get into how he made his money.

How did Cory Booker make his money?

From what we were able to gather, Cory Booker has several income sources:

  • Senate salary: As the Junior Senator from New Jersey, Cory Booker earns a yearly salary of $174,000;
  • Book royalties: It’s reported that Booker earned over $1 million in royalties from his book “United”;
  • Speaking engagements: The same source as above claims that he also earned well over $2 million from speaking engagements over the last two decades;

Booker’s assets and investments

The Jersey Senator has made a series of investments and acquisitions that contribute to his net worth. His assets are rather well diversified, ranging from cash reserves and real estate properties to an investment portfolio and bank accounts. Here’s a quick rundown:

  • Cash reserves: According to CAknowledge, Booker has cash reserves of over $5 million;
  • Real estate and investment portfolio: The same source claims that he owns over 7 real estate properties, as well as an investment portfolio of 10 stocks with a combined value of $3 million;
  • Bank accounts: GO Banking Rates reported back in 2019 that Booker has a Bank of America savings account with $100,001 to up to $250,000 in it, a Fidelity money market account worth between $250,001 and $500,000, and two Fidelity individual retirement accounts worth a combined $150,002 to $350,000;
  • Retirement plans: Reports suggest the senator earns money from bank deposits and retirement plans.

Insider trading involvement

There isn’t any public record about Cory Booker being involved in insider trading. However, it’s worth noting that back in 2014, he made a series of stock trades, including shorting Meta Platforms (NASDAQ: META), Apple (NASDAQ: AAPL), and Amazon (NASDAQ: AMZN).

As a public figure, Booker’s financial activities are closely monitored and regulated to ensure compliance with the law.

How much is Cory Booker worth?

Although there are various reports on Cory Booker’s net worth, it’s safe to assume that he’s pretty well off in terms of finances. Whether he has $807,500 or $1.5 million to his name, New Jersey’s Junior Senator and potential future presidential candidate sure has a hefty sum of money on him, albeit nowhere near the very top.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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