Between 1981 and 1989 he earned $33,700 per year as the mayor of Burlington, Vermont. His vacation pad, however, was paid for in cash. Much of his net worth also comes from his property. Bernie Sanders didn’t grow up with money. If he were to sell that guaranteed income stream for a lump-sum pile of cash, Forbes figures he could get around $650,000 for it. Despite recent reports claiming Sanders and former Vice President Joe Biden rank as the top picks for the 2020 election (Sanders allegedly has a 48% approval rating, according to Newsweek), recent polls may suggest otherwise. On April 30, 2015, Bernie announced his intention to seek the Presidential nomination for the Democratic Party for the 2016 election. They might have even more cash on hand. There is an increase in her salary of $165,000 per year. His mother always dreamed of owning her own home, but died when he was 18 before that dream could be a reality. He has written six books, including a published speech of his famous filibuster. On April 21, 2005, Sanders entered the race for the U.S. Senate when Jim Jeffords announced he was not seeking reelection. His mother Dorothy was born in NYC. In Burlington, he keeps a four-bedroom, two-and-a-half-bath colonial that he purchased in 2009 for $405,000. Early Life: Bernard "Bernie" Sanders was born in Brooklyn, New York City on September 8, 1941. Notoriously a defender of healthcare for all, he successfully added a provision to the Affordable Care Act to provide $11 billion to rural community health centers in 2009. He was born to Elias Sanders, and Dorothy Sanders in Brooklyn, New York City. But given the democratic socialist's laser-like focus on the sway that "millionaires and billionaires" hold over the country, and his call for a tax on the nation's richest citizens, Sanders's own wealth has become something of a flashpoint, with some accusing the politician of hypocrisy. "This event is literally called the 'Women's Convention,'" Herman wrote for Refinery29. Although Sanders was beat out as the primary Democratic candidate by Hillary Clinton (who, in turn, lost to Republican candidate Donald Trump), Sanders has continued fighting for these policies in his ongoing Senate term. What Was His Net Worth? U.S. House of Representatives: The political underdog seemed an unlikely candidate for national office, but clinched a 1990 seat as an independent in the U.S. House of Representatives. This is far below most members of Congress, where the median net worth in 2013 was $1 million. Bernard "Bernie" Sanders was born in Brooklyn, New York City on September 8, 1941. She also claimed that, "Bernie Sanders headlining yet another major liberally-skewed event makes me say something I've mentioned a million times before: There are grave issues if your entire movement is centered around a single person.". Sanders had the support and endorsement of both Chuck Schumer and then-senator Barack Obama, as well as the support of Howard Dean and Senate Minority Leader Harry Reid. In 2009 they bought what is now their primary home, a 4-bedroom property in Chittenden County Vermont, for $405,000. Bernie Sanders outlines his vision of ‘democratic socialism’ | FULLDemocratic candidate Bernie Sanders formally outlined his vision of ‘democratic socialism’ and defends his core beliefs at a rally on June 12. He ran for student body presidency but finished last. Being Born Into Poverty Didn't Stop The Founder of Popeyes From Building A $400 Million Fast Food Fortune, Seven Examples of Entrepreneurs Who Got Rich Later In Life. Last summer, Forbes placed Sanders's worth at $2.5 million, while Politico reported it was a little under $2 million. Presidential Campaigns: On April 30, 2015, Bernie announced his intention to seek the Presidential nomination for the Democratic Party for the 2016 election. By March of that year, the campaign had raised over $96 million. That’s a bit rich, considering he himself is well off. Although the politician's salary from the Senate is rather modest compared to his other career endeavors (allegedly around $174,000 in 2016), his other investments and holdings bring his net worth up to the $2 million mark for last year. Then there are his pensions, which are based on income and years of service. In February 2016, it was reported that he had received $3.7 million contributions from 1.3 million contributors. Still, compared to countless other fellow millionaires, like Tiger Woods and Ronaldo, Sanders' spending habits are meek, at best. The Brooklyn native has done his share of instigating controversy, as well, often through the new facilitator of such debates -- good old Twitter. "They didn't really know whether they'd have the rent the following month," Larry said, later adding, "And I think what Bernard and I took from that is that financial problems are never just financial problems. Sanders is one of several candidates running to represent the Democrats in the 2020 Presidential Election. Sanders's wealth, though substantial, hardly makes him rich by congress's standards. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. He was best known for being the founder of Kentucky Fried Chicken (KFC). Some have said that someone with socialist beliefs shouldn’t be a millionaire. Sanders, 77, has, in fact, amassed an estimated $2.5 million fortune from real estate, investments, government pensions—and earnings from three books, including the 2016 hit Our Revolution: A Future to Believe In. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images). No longer considered an underdog, in February 2019, Sanders announced that he would be running for president again in 2020. Since his bid for the Democratic nomination raised his profile in 2016, Sanders has released a book a year. Every item on this page was chosen by a Town & Country editor. Who Is Kamala Harris's Husband, Douglas Emhoff? Sanders is now estimated to have a net worth of $2.5 million, Forbes reported. He worked a multitude of different jobs, from preschool teacher to carpenter, before being elected mayor of Burlington, Vermont in 1981. Among others, the senator-approved candidates for mayor in Omaha and for House in Montana lost their races last year, with more of his picks losing in Kansas primaries and a Michigan governor race. Sanders is still advocating for those higher taxes, even though his earnings would now place him in that higher tax bracket. Income: According to his 2015 financial disclosure, Bernie and his wife had $750,000 worth of assets at that time and up to that point they typically earned $250-$300,000 per year in total income. Jane and Bernie refinanced their home in 2013. When he was 23, he and his first wife, Deborah Sanders, lived in a property that was a “maple sugar shack” with a dirt floor, Politico reported. According to Celebrity Net Worth, as of 2017, Sanders is worth an estimated $2 million. Bernie Sanders’ net worth now makes him a millionaire thanks to his best-selling books. Not As Much As You'd Guess! Sanders said: I learned what havoc and pain is caused by the constant worry over money. In 2016 they bought a vacation home on Lake Champlain in Vermont for $575,000. But apart from feuds with billionaires, Sanders has also received his own slack over several issues -- one being his debated appearance at the 2017 Women's Convention. All net worths are calculated through the combination of a robust methodology and a proprietary algorithm. In 1972, his political career began when he ran unsuccessfully as the Liberty Union candidate for Vermont governor and as a candidate for U.S. senator in 1972 and 1974. In response to the House's vote to repeal and replace the ACA in 2017, he co-sponsored the Medicare for All bill, a single-payer health care plan, along with 15 other Senate co-sponsors. The senator has long been known for his outspoken views on the middle class, the wealthy top 1%, and war. Bernie earned a little over $1 million in 2016 and $1.1 million in 2017. Sanders and his wife, Jane O'Meara Sanders, own three houses: a four-bedroom, two-and-a-half bath home in Burlington, which they bought for $405,000 in 2009; a row house in D.C., which they picked up for $489,000 in 2007; and a vacation home north of Burlington, which the Sanders bought for $575,000 in cash, shortly after the Senator ended his 2016 campaign. After serving in the House until 2007, Sanders was elected Senator of Vermont that year, and has held that position ever since.