Ted Cruz’s net worth is $4.4 million. The Ted Cruz net worth figure comes from his personal disclosure forms and other assets. Cruz lists average assets of $4.2 million and debt of $120,000.
Presidential candidates don’t have to reveal their exact net worth. Therefore, the Ted Cruz net worth calculations are averages. Cruz lists assets from $2.6 million to $4.2 million. He lists debts of $75,000 to $165,000. He’s not required to declare his private residence. Assuming a home value of $350,000 bumps his net worth total up slightly.
We’ve listed all Ted Cruz net worth data below. That includes reported averages, net worth over time, net worth vs other candidates and salary. We’ve also listed all Cruz’s reported debts and assets in the tables at bottom.
Ted Cruz Net Worth Facts
Ted Cruz Net Worth Facts | |
|---|---|
| Ted Cruz Net Worth | $4,445,078 |
| Ted Cruz Listed Net Worth Assets (Min possible) | $2,610,038 |
| Ted Cruz Listed Net Worth Assets (Max possible) | $5,875,000 |
| Ted Cruz Listed Net Worth Assets (Average) | $4,242,519 |
| Ted Cruz House Value (est) | $350,000 |
| Ted Cruz Income Since Reports Were Filed (after tax) | $147,560 |
| Ted Cruz Listed Net Worth Debts (Min possible) | $75,003 |
| Ted Cruz Listed Net Worth Debts (Max possible) | $165,000 |
| Ted Cruz Listed Net Worth Debts (Average) | $120,002 |
| Ted Cruz Net Worth Min | $2,445,038 |
| Ted Cruz Net Worth Max | $6,149,997 |
| Ted Cruz Net Worth Average from 2015 Reports | $4,297,518 |
Ted Cruz has publicly declared investment assets of at least $2.6 million and at most $5.9 million. Presidential candidates don’t have to declare the exact values of their assets. Instead, they much list each asset within a range. For example, Ted Cruz has stated in his financial reports that he has a Bank of America savings account worth $250,001 to $500,000. Adding all the minimum values gives a total of at least $2.6 million. Adding all the max values gives $5.9 million. The average of all these assets is $4.2 million.
Candidates don’t have to disclose the value of a private residence. We estimate Cruz’s home at a likely average value of $350,000. Adding that to Cruz’s other assets gives a total average asset value of $4.6 million.
Cruz also has debts between $75,000 and $120,000. Subtracting debts from assets gives an early 2015 Ted Cruz net worth figure of $4.3 million.
Also see: What is Bernie Sanders’ Net Worth?
Ted Cruz Net Worth Over Time
Ted Cruz Net Worth Over Time | |
|---|---|
| Ted Cruz net worth 2011 | $2,198,022 |
| Ted Cruz net worth 2012 | $3,831,523 |
| Ted Cruz net worth 2013 | $2,663,515 |
| Ted Cruz net worth 2014 | $3,375,518 |
| Ted Cruz net worth 2015 | $4,297,518 |
| Ted Cruz net worth 2016 | $4,445,078 |
OpenSecrets.org has done the Ted Cruz net worth math since 2013. That’s the year Cruz’s financial info first became public property. The numbers in the table above from 2011 through 2014 are based on their data. We added in the estimated value of Cruz’s private residence to their figures.
The Ted Cruz net worth number for 2015 comes straight from Cruz’s personal disclosure forms. Those forms were filed in July of 2015. To update the numbers for 2016, we’ve added Cruz’s income minus taxes to get the 2016 net worth sum.
It’s not clear why Cruz’s net worth dropped over $1 million from 2012 through 2013. There’s some speculation that he spent the money on his campaign for the U.S. Senate. Other than that, Cruz’s net worth has seemed to grow as expected.
Also see: What is Donald Trump’s Net Worth?
Ted Cruz Net Worth VS…
Ted Cruz Net Worth VS... | |
|---|---|
| Ted Cruz net worth vs Donald Trump net worth | 1,420 times smaller |
| Ted Cruz net worth vs Bernie Sanders net worth | 9 times bigger |
| Ted Cruz net worth vs Marco Rubio net worth | 5 times bigger |
| Ted Cruz net worth vs Ben Carson net worth | 1/7th as big |
| Ted Cruz net worth vs Hillary Clinton net worth | 1/7th as big |
| Ted Cruz net worth vs Barack Obama net worth | 1.5 times bigger |
| Ted Cruz net worth vs LeBron James net worth | 45 times smaller |
| Ted Cruz net worth vs Bill Gates net worth | 17,222 times smaller |
| Ted Cruz net worth vs typical American family net worth | 65 times bigger |
Compared to most of the other presidential candidates, the Ted Cruz net worth sum is about average. Ted Cruz’s net worth is 9 times bigger than Bernie Sanders’ net worth of $528,000. It’s 5 times bigger than Marco Rubio’s net worth of $976,000. The Ted Cruz net worth total is 1/7th the size of Hillary Clinton’s net worth of $32 million.
Ted Cruz has 50% more net worth than Barack Obama’s $3.2 million. His net worth is 45 times smaller than LeBron James’ net worth of $210 million and 17,222 times smaller than Bill Gates’ net worth of $80 billion. Finally, Ted Cruz’s net worth is 65 times bigger than the typical American household’s net worth of $68,000.
Ted Cruz Net Worth Sources
The Ted Cruz net worth total comes mostly from his career in politics. Ted Cruz was Solicitor General of the State of Texas from 2003 through 2008. In 2013 he was elected to the United States Senate. His salary in that position is $174,000 per year. According to his financial disclosure forms, he earned another $62,000 to $180,000 from investment income in 2015.
Cruz has also published a number of books. In his 2015 financials, he discloses that he received a $956,250 advance for the most recent, A Time for Truth. Cruz has held high positions with the Federal Trade Commission, with the U.S. Department of Justice, and as an advisor to the George W. Bush Administration. Each of those positions contributed significant amounts to the Ted Cruz net worth sum.
Ted Cruz Net Worth Sources | |
|---|---|
| Ted Cruz salary as US Senator since 2013 | $174,000 |
| Ted Cruz annual investment income | $121,121 |
| Ted Cruz current annual income before tax | $295,121 |
| Book advance for "A Time for Truth" (2015) | $956,250 |
Also see: Marco Rubio Net Worth
What Does Ted Cruz’s Net Worth Mean Politically?
Ted Cruz’s net worth of $4.4 million isn’t likely to make much of a splash politically.
Cruz has stated that he isn’t extremely rich and doesn’t have a lot of friends in Washington. Those on the political left have called Cruz out for those comments. His accusers say he most certainly is rich. However, compared to politicians like Hillary Clinton and Jeb Bush, his wealth isn’t eye-popping. Hillary Clinton has a net worth of $32 million. Jeb Bush’s net worth is $21 million. Donald Trump’s net worth of $6.7 billion dwarfs Ted Cruz’s amassed wealth.
The argument has also been made that the Ted Cruz net worth total should be higher. Cruz is a republican. He has touted the economy and jobs growth as big parts of his campaign. Some criticize his relatively small net worth as proof that he can’t handle his own money and therefore shouldn’t be in charge of the nation’s money.
In the end, any criticism of Cruz based on his net worth isn’t likely to get much traction with voters. Based on the data alone, Cruz is neither super rich nor bad at handling money.
Ted Cruz Net Worth Debts
According to his own reports, three major debts subtract from the Ted Cruz net worth sum. Those are a loan, a line of credit and some credit card debt.
Cruz’s loan from Goldman Sachs is his biggest debt. The debt has a value of $50,001 to $100,000. His second biggest debt is a line of credit from American Express. That debt is listed between $15,001 and $50,000. It has a 15.24% interest rate. $10,001 to $15,000 in credit card debt rounds out the Ted Cruz debt picture. Cruz’s credit card debt carries a 17.99% interest rate.
All in all, Ted Cruz’s debts aren’t exactly newsworthy. $120,000 in average debt would be a lot for most Americans. With Cruz’s $4.2 million in average assets, it’s barely 3% of his net worth.
Ted Cruz Net Worth Debts | |||
|---|---|---|---|
| Ted Cruz Net Worth Debts | Min Value | Max Value | Interest Rate |
| Goldman Sachs Margin Loan | $50,001 | $100,000 | Floating |
| American Express Line of Credit | $15,001 | $50,000 | 15.24% |
| Citi Cards Line of Credit | $10,001 | $15,000 | 17.99% |
| Total Ted Cruz Net Worth Debt | $75,003 | $165,000 |
Also see: Barack Obama Net Worth
Ted Cruz Net Worth Assets
The table below shows every asset Cruz listed on his personal disclosure forms. The assets are mostly in the form of investments. Cruz carries several stocks and municipal funds. He has at least $165,000 in oil and gas industry stock. He has college savings plans worth a minimum of $160,000. He has several retirement accounts and savings accounts. His biggest single asset is a loan owed to him from his own senatorial campaign in the amount of $500,000 to $1 million.
Ted Cruz Net Worth Assets | ||
|---|---|---|
| Asset Name | Min Value | Max Value |
| GS High Yield Fund Institutional | $15,001 | $50,000 |
| GS High Yield Municipal Fund | $15,001 | $50,000 |
| GS Local Emerging Markets Fund | $1,001 | $15,000 |
| Morgan Lewis Definted Contribution Plan (Retirement) | $250,001 | $500,000 |
| GS High Yield Floating Fund | $15,001 | $50,000 |
| GS Small Cap Value Fund Institutional | $50,001 | $100,000 |
| GS Strategic Growth Fund Institutional | $15,001 | $50,000 |
| Blackrock Muni Income TR Mutual Shares | $250,001 | $500,000 |
| Oneok, Inc | $50,001 | $100,000 |
| Chevron Corp | $50,001 | $100,000 |
| Exxon Mobil Corp | $100,001 | $250,000 |
| Goldman Sachs Group | $50,001 | $100,000 |
| GS Large Cap Value Fund Institutional Shares | $50,001 | $100,000 |
| One Gas, Inc | $15,001 | $50,000 |
| GS Asia Equity Fund Institutional | $1,001 | $15,000 |
| GS Dynamic Municipal Inc Fund Institutional | $15,001 | $50,000 |
| Enterprise Products Partners LP | $100,001 | $250,000 |
| Plains GP Holdings LP | $50,001 | $100,000 |
| USAA 529 Plan FBO Child 2 (College Savings) | $15,001 | $50,000 |
| USAA 529 Plan FBO Child 2 (College Savings) | $15,001 | $50,000 |
| USAA 529 Plan FBO Child 2 (College Savings) | $15,001 | $50,000 |
| USAA 529 Plan FBO Child 2 (College Savings) | $15,001 | $50,000 |
| Fidelity 529 Plan - FBO Child 1 | $100,001 | $250,000 |
| Goldman Sachs Group Inc - Vested and Restricted stock through employer plan - HC | $100,001 | $250,000 |
| Texas ER9 Retirement Account - defined benefit plan (value not ascertainable) | ??? | ??? |
| Bank of America Checking | $1,001 | $15,000 |
| GS Enhanced Dividend Global (Roth IRA - HC) | $15,001 | $50,000 |
| American Express Savings Account | $1,001 | $15,000 |
| Goldman Sachs Group Inc | ??? | ??? |
| HarperCollins - A Time for Truth: Reigniting the Promise of America (value not ascertainable) | ??? | ??? |
| Loan to Cruz for Senate Campaign | $500,000 | $1,000,000 |
| Bank of America Savings | $250,001 | $500,000 |
| JP Morgan Cash Account | $15,001 | $50,000 |
| Morgan Lewis Bocklus Tax-Saver Retirement | $15,001 | $50,000 |
| Capital One 360 Savings Account | $1,001 | $15,000 |
| Morgan Lewis Bocklus Tax-Saver Retirement | $15,001 | $50,000 |
| Morgan Lewis Bocklus Tax-Saver Retirement | $15,001 | $50,000 |
| Morgan Lewis Bocklus Tax-Saver Retirement | $15,001 | $50,000 |
| Morgan Lewis Bocklus Tax-Saver Retirement | $15,001 | $50,000 |
| Goldman Sachs 401(k) | $100,001 | $250,000 |
| Caribbean Equity Partners inv Holdings Ltd - Promissory note | $50,001 | $100,000 |
| Morgan Lewis Cash Balance Plan | $250,001 | $500,000 |
| Total Ted Cruz Net Worth Assets | $2,610,038 | $5,875,000 |
Cruz has said one way he’ll help the net worth of Americans is by fighting for the full repeal of Obamacare. See his tweet from 2/26/16 below.
As president, I'll fight for a #FullRepeal of Obamacare. As for @realDonaldTrump, watch…https://t.co/V5LeanSPbb
— Ted Cruz (@tedcruz) February 26, 2016
Sources
U.S. Government Personal Disclosure Forms