Welcome! I’m Andomoney, your guide to the fascinating finances of public figures. Today, we’re diving deep into Cory Booker net worth, revealing how his early life, education, and significant public service roles have all shaped his financial journey.
Known for his impactful political career, Booker’s life and work have brought him substantial income from various sources, including his Senate salary, royalties, and speaking engagements.
Through these accomplishments, he’s become one of the more notable figures in politics. We’ll explore how his role as Newark’s mayor, followed by his work in the Senate, has built his career—and his wealth. Let’s get started.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Cory Anthony Booker |
| Popular Name | Cory Booker |
| Gender | Male |
| Birth Date | April 27, 1969 |
| Age | 55 |
| Parents | Carolyn Booker, Cary Booker |
| Siblings | Cary Booker II |
| Birthplace | Washington, D.C., United States |
| Nationality | American |
| Ethnicity | African-American |
| Education | Stanford University, Yale Law School, Rhodes Scholar, University of Oxford, |
| Marital Status | Never married |
| Spouse | N/A |
| Children | N/A |
| Dating | Former relationships with Cleo Wade, Rosario Dawson |
| Net Worth | $3 million (estimated) |
| Source of Wealth | Senate Salary, Book Royalties, Speaking Engagements |
| Height | 6 ft 3 in (1.91 m) |
What is the Net Worth of Cory Booker in 2024?
With a net worth estimated at $3 million in 2024, Cory Booker is a prominent figure among wealthy politicians. His income stems primarily from his Senate salary, royalties, and public speaking engagements.
When compared to other public officials, his wealth stands on par with many respected figures in U.S. politics.
Here are a few people whose net worths are often compared or associated with Cory Booker’s financial status:
- Kamala Harris
- Bernie Sanders
- Elizabeth Warren
- Nancy Pelosi
- Chuck Schumer
- Joe Biden
- Alexandria Ocasio-Cortez
- Mitch McConnell
- Lindsey Graham
- Barack Obama
For more information about high-net-worth politicians, check out some of the top political figures in the field.
Cory Booker Salary and Finance Overview
Public Service Beginnings: Key Roles in His Early Career
Booker began his public service journey with legal and community advocacy, taking up roles at the Urban Justice Center and the Newark Youth Project.
In 1998, Cory Booker gained attention as a Newark Municipal Council member, using his platform to shed light on issues like drug violence and poor urban planning.
Notably, he staged a hunger strike to raise awareness and engage his community on critical local issues. This period established Booker’s reputation as a passionate leader willing to address difficult challenges, even at the personal level.
Transformative Years as Newark’s Mayor
In 2006, Cory Booker was elected as the mayor of Newark, New Jersey, where he would serve two terms until 2013.
During this time, he launched critical initiatives to reduce crime, revamp city services, and invest in youth programs. His efforts in economic reform were especially noteworthy—Booker managed to reduce the city’s deficit by over $100 million.
He prioritized affordable housing, increasing availability for lower-income residents and reshaping the city’s urban landscape. These reforms significantly boosted Newark’s economic development and strengthened Booker’s profile in the political arena.
Senate Salary and Compensation
Cory Booker’s primary income as a U.S. Senator includes a salary of $174,000 per year, a standard amount for members of Congress. His position offers a structured income base that complements other earni
Additionally, Booker’s role involves considerable public speaking, generating substantial income through speeches and appearances, which has played a role in supplementing his official salary.
Income from Book Royalties
Beyond his Senate work, Booker has found financial success through his writings. His book United, published to critical acclaim, has brought in over $1 million in royalties.
In 2015 alone, he earned $400,000, followed by $325,000 in 2016, indicating that his writings contribute meaningfully to his net worth.
Public Speaking Earnings and Charitable Contributions
Public speaking is another revenue stream for Booker. Since 2000, he has earned approximately $2 million from speeches.
Notably, Booker’s generous side shines through, as he has donated over $400,000 to charitable causes. His active involvement in community work aligns well with his financial ethos, balancing personal wealth accumulation with social contributions.
Real Estate and Property Investments
Booker’s real estate interests also contribute to his financial standing. He currently resides in a townhouse located in Lincoln Park, Newark, New Jersey.
This residence follows previous homes in affordable housing complexes, such as Brick Towers. These investments not only provide personal living spaces but also demonstrate his commitment to staying grounded in the communities he serves.
Major Awards and Recognitions
Booker has achieved significant recognition for his work, receiving awards that underscore his leadership in social justice and public safety.
He earned the Sarah Brady Visionary Award for his efforts in reducing gun violence. His active participation in documentaries like Street Fight has also brought him acclaim, winning a Peabody Award for the Brick City series, which highlighted his work in Newark.
Charitable Efforts and Philanthropy
Throughout his career, Booker has demonstrated a philanthropic spirit, supporting various charitable initiatives, especially those focused on youth and minority communities.
His programs in Newark, like Let’s Move! Newark, were instrumental in promoting child health. His commitment to uplifting underrepresented groups remains a focal point of his financial and personal values.
The Influence of His 2020 Presidential Campaign
In 2020, Cory Booker ran for the Democratic presidential nomination. Although he eventually exited the race, the campaign spotlighted his views on economic equality and his dedication to closing the wealth gap.
Booker’s campaign reinforced his values, including those aimed at improving wealth equality and supporting reforms that benefit minority communities.
FAQs about Cory Booker
Did he hold any notable positions before becoming a senator?
Yes, he was mayor of Newark, New Jersey, from 2006 to 2013.
What is his educational background?
He attended Stanford University for his undergraduate studies, went on to study as a Rhodes Scholar at Queen’s College, Oxford, and completed a JD from Yale Law School.
Has he received any notable awards?
Yes, Cory Booker received the Sarah Brady Visionary Award for his gun violence reduction efforts and a Peabody Award for Brick City.
Where does Cory Booker currently live?
Booker resides in a townhouse in Lincoln Park, Newark, New Jersey.
What role did he play in the U.S. Senate?
He serves as the senior U.S. Senator from New Jersey, advocating for economic reform, social justice, and healthcare.
Did he ever run for President?
Yes, Booker ran for the 2020 Democratic presidential nomination but withdrew early in the race.
How much has he donated to charity?
Booker has contributed over $400,000 to charitable causes.
Does Cory Booker have a family?
Booker is unmarried with no children, though he has had notable relationships.
How tall is he?
Booker stands at 6 feet 3 inches.
Conclusion
I hope this deep dive into Cory Booker’s financial profile has been insightful. For more on political figures’ finances, visit andomoney.com. Don’t forget to share your thoughts and comments!
