Reality Check: 25 Politicians With Staggering Bank Account Balances
25.Chuck Schumer: $550,000
Politicians usually don’t serve just for one term, or even a few. They are here to stay. Therefore, after a few decades serving the people and working in government, as their responsibilities grow, together their net worth grows as well. Chuck Schumer, the senator, is worth $550,000.
This may not sound like a big deal once compared with others on the list, but he is no droop. He earns $200,000 per year on his government salary, and his bank account is heavy in half a million dollars. In the public eye, Schumer is seen as the Senate Minority Leader, while in privacy he is a silent investor with great returns. Strong stake in long-term investments like available credit unions, help him gain nicely wealth.