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According to new research by the money folks over at Forbes, the combined net worth of 23 of the 26 2020 Presidential candidates is almost $4.8 billion.
If you remove the two most wealthy candidates, Donald Trump at $3.1 billion and Tom Steyer at $1.6 billion, the average net worth per candidate is still $12.9 million.
By law, all presidential candidates must file financial disclosure reports. Forbes then took those reports (candidates John Hickenlooper, William Weld and Wayne Messam have not filed yet), added in assets owned by spouses and dependent children, plus any holdings or debts not listed on the filings, and voila! Forbes’ list of every 2020 Presidential candidate’s net worth.
Forbes also reached out to every candidate in an effort to learn more about each of their finances and ranked them on their transparency from “0 (lips sealed) to 5 (full disclosure)”.
1. Donald Trump $3.1 billion
Financial transparency score: 0/5
2. Tom Steyer $1.6 billion
Financial transparency score: 1/5
3. John Delaney $200 million
Financial transparency score: 2/5
4. Michael Bennet $15 million
Financial transparency score: 2/5
5. Elizabeth Warren $12 million
Financial transparency score: 4/5
6. Joe Biden $9 million
Financial transparency score: 4/5
7 (tie). Kamala Harris $6 million
Financial transparency score: 4/5
7 (tie). Joe Sestak $6 million
Financial transparency score: 4/5
9. Beto O’Rourke $4 million
Financial transparency score: 3/5
10 (tie). Bill de Blasio $2.5 million
Financial transparency score: 3/5
10 (tie). Bernie Sanders $2.5 million
Financial transparency score: 4/5
12 (tie). Jay Inslee $2 million
Financial transparency score: 4/5
12 (tie). Amy Klobuchar $2 million
Financial transparency score: 4/5
14 (tie). Cory Booker $1.5 million
Financial transparency score: 4/5
14 (tie). Steve Bullock $1.5 million
Financial transparency score: 3/5
14 (tie). Marianne Williamson $1.5 million
Financial transparency score: 3/5
17 (tie). Kirsten Gillibrand $1 million
Financial transparency score: 3/5
17 (tie). Seth Moulton $1 million
Financial transparency score: 2/5
17 (tie). Andrew Yang $1 million
Financial transparency score: 2/5
20. Julian Castro $700,000
Financial transparency score: 2/5
21 (tie). Tulsi Gabbard $500,000
Financial transparency score: 2/5
21 (tie). Tim Ryan $500,000
Financial transparency score: 3/5
23. Pete Buttigieg $100,000
Financial transparency score: 4/5
Not listed yet: John Hickenlooper, William Weld and Wayne Messam.
Forbes also discovered that while Pete Buttigieg is the poorest Presidential candidate, he has the most billionaire backers with 23.
Cory Booker with 18, Kamala Harris with 17, Michael Bennet with 15, and Joe Biden with 13 billionaire backers round out the top five in the category.
Booker has also disclosed giving away the highest percentage of earnings to charity, while Tom Steyer has given the most money away.