Beto O’Rourke Net Worth has been of interest recently due to the elections. He is a politician from America, and a potential candidate for the 2020 presidential elections of the United States of America, on a Democratic ticket. Continue reading to know more.
Robert Francis “Beto” O’Rourke (born September 26, 1972) is an American businessman, musician, and politician who represented Texas’ 16th congressional district in the United States House of Representatives from 2013 to 2019.
O’Rourke sought the Democratic nomination for President of the United States in 2020. Here’s more about Beto O’Rourke net worth and background.
From 2013 to 2019, Beto was the representative of Texas’s 16th congressional district on the House of Representatives of the United States of America. Keep reading to
Early Life & Biography
Beto is in the fourth generation of the Irish American, with some of his maternal ancestors coming to America in the 18th century.
Beto got the nickname when he was an infant in order to distinguish him from his grandfather, who had the same name. Beto’s father worked as a county commissioner and a county judge, while his mother owned a furniture store.
Beto got his education from Escuela Montessori Del Valle School and later joined Rivera Elementary School, before transferring to Mesita Elementary School.
He went to El Paso High School and later Woodberry Forest School in 1988. For his higher education, he went to Columbia University, where he took English Literature as a major. He graduated in 1995.
Beto had a thing for punk rock since he was in the eighth grade, and he had a brief career in music during his days in college.
His first band to join was called Swipe, and it played shows at clubs and bars in New York. Together with his three college colleagues, they formed the band Foss, in 1991.
They released a self-titled demo in 1993 and eventually disbanded.
On his marital status, Beto got married to Amy Sanders in September 2005. The couple has been blessed with three children, and they reside in El Paso.
Being born on 26 September 1972, Beto O’Rourke is 48 years old as of today’s date 2nd March 2021. His height is 1.93 m tall, and his weight is 64 kg.
Career and Education
O’Rourke was born into a rich local political family in El Paso, Texas, and is a graduate of Woodberry Forrest School, a private boarding school in Virginia with a tuition of $57,000.
Also, he attended Columbia University, a private university in New York City with current tuition of over $58,000 for the 2019/2020 school year. He also revealed on July 14, 2019, that he and his wife are descendants of slave owners.
While studying at Columbia, O’Rourke began a brief music career as bass guitarist in the post-hardcore band Foss.
When you grow up wealthy, this is the kind of stuff you can afford to do after your parents spend over half a million dollars in tuition on your education.
After his college graduation, he returned to El Paso and began a business career.
In 2005, he was elected to the El Paso City Council; he served on the Council until 2011. O’Rourke was elected to the U.S.
House of Representatives in 2012 after defeating eight-term incumbent Silvestre Reyes in the Democratic primary.
After being re-elected to the House in 2014 and 2016, O’Rourke declined to seek re-election in 2018. Instead, he ran for United States Senate against incumbent Republican Ted Cruz, which drew national attention.
Beto developed an interest in politics when he was a child. He used to accompany his father, who was an aspiring politician to political events and campaigns.
Beto was a very reserved child, unlike his outgoing and charismatic father, who would urge him to introduce himself to different people.
With desirable confidence, Beto volunteered for the campaigns of several politicians as an adult.
O’Rourke first ran for a public office in 2005, for the El Paso Council and he won defeating his opponent by 57%-43%.
He was re-elected in 2007. He filed for the Democratic primary in 2012, in a bid to represent Texas’s 16th congressional district.
He won the seat, and his campaigns were largely on foot, and he was reported to have knocked more than 16,000 doors.
Beto went ahead to win the general election against Republican Barbara Carrasco. He was re-elected in 2014, having garnered 67% of the total votes.
During his time as the House Representative of the 16th congressional district, Beto contributed a lot to the welfare of his voters, and he was very vocal on issues like guns, immigration, education environment, crime, drugs, and business, among others.
He also served in different committees like the Committee of Veteran’s Affairs, and the Committee on Armed Services.
Awards & Achievements
Beto has served as a representative of the 16th congressional district in the United States House of Representatives from 2013-2019, and that is his big achievement.
In 2018, Beto ran for Texas senatorial seat against Ted Cruz. His ability to draw large crowds and his extensive use of social media worked to his advantage during the campaigns.
He had a lot of followers within a short time, and he was also endorsed by various people like singer Willie Nelson.
In the end, Beto lost by a very small margin, but he set a record for most votes to be cast for a Democrat in Texas. In 2018, Beto announced his candidacy for the presidential seat in 2020.
Beto O’Rourke Net Worth
Compare O’Rourke’s net worth to Senator Ted Cruz, who is estimated to only have a $4 million net worth, and ranked 41st out of 100 senators.
Cruz is a Managing Director at Goldman Sachs. Managing Directors regularly make well over $1 million a year.
Much of O’Rourke’s $10+ million net worth came from an inheritance. When his father died in 2001, O’Rourke inherited an 18-unit apartment complex in El Paso, which was valued at about $5 million, according to financial disclosure forms.
Real estate prices have increased by well over 100% in El Paso, Texas since his inheritance in 2001.
Therefore, with the addition of regular savings of his $174,000 Congressional salary and investing in other assets, Beto O’Rourke is easily worth over $10 million.
Investing in Texas real estate is still one of the most attractive investment trends over the next couple of decades given there is a demographic shift away from expensive coastal city real estate towards the heartland.
Firms such as Google are spending $13 billion to invest in offices to hire thousands of people in Texas, the Midwest, and the South.
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