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What is Andrew Yang's net worth?

·3 min read

With New Hampshire primary in full swing, Andrew Yang called it a day as the 2020 race intensifies.

Yang was trailing among the bottom three candidates and even though he ramped up some fundraising muscle, $16 million in the fourth quarter, it wasn't enough to hang in there.

On a personal level, despite his career history as a corporate lawyer-turned-tech entrepreneur, Andrew Yang’s estimated wealth is relatively small compared to his fellow presidential candidates.

Yang released eight years of his tax returns, from the years 2011 to 2018, according to a report from The Hill.

Yang’s 2018 return reported an adjusted gross income of $121,418, with taxes totaling $16,581, according to The Hill.,

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The documents showed that Yang’s income came from rental real estate, royalties, speaking engagements, capital gains and writing, according to The Hill.

Yang is estimated to have a net worth of $1 million, according to Forbes.

However, The Wall Street Journal reported last May that his assets are between $834,000 and $2.4 million, which puts him close to Sen. Bernie Sanders, who Forbes estimates is worth $2.5 million. But he is behind some of the other frontrunners.

Sen. Elizabeth Warren is reportedly worth $12 million, while former Vice President Joe Biden is estimated to be worth $9 million.

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After he graduated from Columbia Law School, Yang was a corporate lawyer, where he was reportedly making $125,000, plus a $25,000 bonus, according to an interview he did with Freakonomics in January.

However, he only worked as a corporate lawyer for five months before he left to work on start-ups, according to a June profile in The Washington Post Magazine.

Despite a few failures, his test-prep start-up Manhattan GMAT was bought by Kaplan in 2009, which is when he “became a millionaire,” he told the magazine.

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Even though he didn’t say specifically how much he has, he told The Post that “my net worth is probably much lower than speculation would lead one to believe.”

Later, Yang went on to be the CEO of a nonprofit called Venture for America. According to the Center for Public Integrity, Yang made $285,000 in 2016 in that position, but his pay reportedly dropped in 2017 to $214,000. He stepped down as CEO later that year.

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During the third presidential debate, Yang promised to give $1,000 a month from his campaign funds to 10 people for one year to demonstrate how his plan for universal basic income — called the “Freedom Dividend” — would work.

FOX Business’ Megan Henney and Jeanette Settembre contributed to this report.

This report, originally published on December 19, 2019, was updated on 2-11-20.

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