Welcome to Andomoney, where we dive into the finances of notable figures. Today, we’re exploring Eric Cantor net worth—from his early real estate ventures to his prominent political roles and later corporate involvement.
As a former House Majority Leader and a successful investment banker, Cantor’s career spans across public service and private sector finance, which has influenced his wealth significantly.
Join me, Andomoney, as I uncover the journey of Cantor’s financial growth, including his most impactful roles, investments, and achievements.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Eric Ivan Cantor |
| Popular Name | Eric Cantor |
| Gender | Male |
| Birth Date | June 6, 1963 |
| Age | 61 |
| Parents | Eddie Cantor, Mary Lee |
| Siblings | Stuart Cantor, Paul Cantor |
| Birthplace | Richmond, Virginia, U.S. |
| Nationality | American |
| Ethnicity | Jewish |
| Education | George Washington University, William & Mary Law School, Columbia University, Collegiate School |
| Marital Status | Married |
| Spouse | Diana F. Cantor (m. 1989) |
| Children | Three (Jenna Cantor, Evan Cantor, Michael Cantor) |
| Dating | N/A |
| Net Worth | $4.5 million |
| Source of Wealth | Politics, Real Estate, Banking |
| Height | N/A |
What is the Net Worth of Eric Cantor in 2024?
Eric Cantor’s net worth in 2024 is approximately $4.5 million, placing him among notable individuals in American politics.
This wealth stems from his time in the U.S. House of Representatives, his role as House Majority Leader, and his corporate position at Moelis & Company.
Cantor’s estimated wealth is a testament to his dedication to both political and financial sectors, where he accumulated significant assets.
Comparatively, here are several other influential figures in politics whose financial journeys parallel Cantor’s:
- Mitch McConnell
- John Boehner
- Kevin McCarthy
- Nancy Pelosi
- Dave Brat
- Steve Scalise
- John Kasich
- Lindsey Graham
- Marco Rubio
- Tom Bliley
Cantor’s trajectory reflects the paths taken by many other powerful names within the financial and political sectors, marking his spot among the influential.
Eric Cantor Salary and Finance Overview
Early Career and Introduction to Real Estate
Before his venture into politics, Eric Cantor got his start in the real estate business through his family’s firm.
Working primarily in legal roles and development, Cantor’s early career laid a solid foundation in investment strategies and property management. He also gained valuable insights into the financial industry, which later contributed to his wealth.
This period not only set him on the path to a successful political career but also instilled the principles that would guide his investments in the years to come.
Political Career Contributions to Income
In 1992, Eric Cantor entered the Virginia House of Delegates, representing the 73rd district. His reputation for fiscal knowledge quickly earned him respect among peers.
By 2001, he had moved up to the U.S. House of Representatives for Virginia’s 7th district, a significant step in his career.
His roles, including House Minority Whip and House Majority Leader, were not only influential but also financially rewarding.
Although congressional salaries were regulated, the influence and profile he gained positioned him well for future, more lucrative roles in finance.
Key Positions and Roles that Enhanced His Wealth
During his time in Congress, Eric Cantor’s roles came with notable responsibilities that significantly elevated his profile.
As House Majority Leader, he helped shape policy, which indirectly enhanced his influence and future earning potential. These roles underscored his financial acumen, which would later be a key asset in the private sector.
Affiliations with Moelis & Company and Corporate Involvement
After his congressional career, Cantor’s shift to Moelis & Company in 2014 marked a major transition.
Appointed as Vice Chairman and managing director, he brought his political and economic expertise to the private sector. This affiliation significantly increased his earning potential, allowing him to diversify his income streams through corporate finance and investment banking.
Moelis & Company remains a critical part of Cantor’s income, highlighting his successful pivot from public service to corporate finance.
Education and Early Influences on Financial Success
Cantor’s journey into finance was strongly influenced by his academic background. With a BA from George Washington University, a JD from William & Mary Law School, and an MS in Real Estate Development from Columbia University, Cantor’s education equipped him with the tools to understand finance and real estate deeply.
His time interning for Tom Bliley during college further honed his skills and inspired his approach to managing wealth.
Awards, Achievements, and Recognitions in Politics
Throughout his career, Eric Cantor achieved several milestones. Notably, he became the highest-ranking Jewish Republican in U.S. history, an accomplishment that enhanced his legacy.
He was also instrumental in co-authoring the book Young Guns, contributing to the Republican Party‘s success. These achievements reinforced his reputation, which has since supported his ventures in the private sector.
FAQs about Eric Cantor
What is his educational background?
He studied at George Washington University, William & Mary Law School, and Columbia University, focusing on law and real estate.
What roles did Eric Cantor serve in Congress?
He served as House Minority Whip, House Majority Leader, and represented Virginia’s 7th congressional district.
When did he join Moelis & Company?
He joined Moelis & Company in 2014 as Vice Chairman and managing director.
How many children does Eric Cantor have?
He has three children.
What was his career before politics?
He worked in his family’s real estate business and handled legal and development roles.
What party does he affiliate with?
He is affiliated with the Republican Party.
What’s his marital status?
He is married to Diana Cantor.
What notable legislation did he support?
He supported the Gabriella Miller Kids First Research Act, which redirected funds toward pediatric cancer research.
Conclusion
Thanks for exploring Eric Cantor’s financial journey with us! If you found this insightful, I invite you to leave a comment, share, or read more content on andomoney.com.
