Marco Rubio Net Worth

Marco Rubio’s net worth is $976,727. The Marco Rubio net worth number comes from his personal financial disclosure forms and his $550,000 house.

Presidential candidates don’t have to disclose their exact net worth. According to his personal financial disclosures Rubio has average assets of $541,009 and average debt of $725,001. Adding average 2016 income of $709,719 after tax and expenses gives a Marco Rubio net worth figure of $425,727. Adding the value of the candidate’s $550,000 Florida home gives the final Marco Rubio net worth number of $976,727.

Marco Rubio lists assets like a rental home, retirement funds and college savings plan in his disclosure documents. His debts are in the form of mortgages.

Marco Rubio Net Worth Facts

The Marco Rubio net worth sum of $975,727 is an average. The real number could be as low as -$113,989 or as high as $1,478,320. The difference is because of how the presidential candidate financial disclosure documents are set up.

Marco Rubio’s net worth is twice as big as Bernie Sanders’ net worth. It’s 33 times smaller than Hillary Clinton’s and 5,124 times smaller than Donald Trump’s. Finally, the Marco Rubio net worth amount is 14 times bigger than the typical American family’s stash of just $68,000.

Also see: What is Bernie Sanders’ Net Worth?

Marco Rubio Net Worth Through Time

The table below gives Marco Rubio’s net worth in the years since 2008. We started with the assets and liabilities in his personal financial disclosure forms. We added in the value of his Florida home because candidates don’t have to list the value of private residences. According to his disclosure forms, the Marco Rubio net worth number has stayed remarkably stable since 2008.

Marco Rubio’s net worth was $550,000 in 2008. According to his disclosure forms, the candidate’s net worth hasn’t risen much since then. Instead, it has fluctuated some, not quite doubling in seven years.

Also see: Hillary Clinton Net Worth

Marco Rubio Net Worth Calculations

The Marco Rubio net worth figure of $975,727 comes from assets and debts. Presidential candidates have to report assets within a range of values. Rubio reported assets from $286,011 to $796,006 in his May 2015 disclosure forms. Averaging those two numbers gives average assets of $541,009.

The candidate also reported debts between $450,002 and $1,000,000. That gives average Marco Rubio debt of $725,001.

Subtracting Rubio’s debts from assets gives a tentative Marco Rubio net worth total of -$183.993. However, adding in the value of Rubio’s $550,000 home and income of $709,719 gives our final net worth number of $975,727 for the candidate.

Also see: What is Donald Trump’s Net Worth?

Why Isn’t Marco Rubio’s Net Worth Higher?

It does seem strange that Rubio’s net worth hasn’t grown much since 2008. It seems even stranger that the Marco Rubio net worth figure has grown hardly at all since 2012. During that time, the Senator has enjoyed a salary of $174,000 as a U.S. Senator. He also has other income from a rental property, investments and book sales.

If the fault lies anywhere, it’s probably in the reporting requirements. In the first place, Rubio’s net worth is in a range. Rubio’s real wealth could be anywhere from -$113,989 to $1,478,320. It’s possible therefore that the candidate’s net worth started out at -$110,000 in 2008 and has grown to $1.4 million today.

Another reason for the low Marco Rubio net worth number is that U.S. Senators can, and almost always do, put assets in their spouse’s names. Not all assets in a Senator’s spouse’s name need to be disclosed. If Rubio is hiding money from the public eye in this way, he’s not alone. To call him out for hiding assets in his wife’s name, we’d have to call out nearly every senator and presidential candidate in the country.

Also see: What is Jeb Bush’s Net Worth?

Marco Rubio Net Worth: What Does It Mean Politically?

The Marco Rubio net worth sum isn’t likely to affect the candidate politically. His net worth of about $1 million is high compared to other Americans. That said, it’s not excessively high. Rubio can’t earnestly be lumped in with billionaires or accused of blatant greed. He also can’t be accused of making stupid decisions with his money.

All in all, the Marco Rubio net worth story seems like something of a non-issue. It’s possible that Rubio could be called rich and out of touch by some. It’s also possible he could be called a bad investor to have a net worth so low. Those claims are likely to fall on deaf ears when it comes to the general electorate. Some could even say his net worth must be a lot higher, which means he’s hiding money in his wife’s name. If that practice disqualified a candidate, there would hardly be a candidate left to choose from.

Also see: Carly Fiorina Net Worth

Marco Rubio Net Worth Assets

All the assets in Rubio’s disclosure forms are in the table below.

Rubio lists investments, a checking account worth at least $100,000 and several college plans. The candidate also has a rental property worth a minimum of $100,000.

Not listed in the Rubio disclosure forms is a family home worth $550,000. Candidates for the presidency aren’t required to disclose the value of a private residence. Rubio bought the Florida home in 2005.

Also see: Ben Carson Net Worth

Marco Rubio Net Worth Debts

The debts listed in Rubio’s disclosure forms are in the table below.

Rubio’s three debts are two mortgages and a home equity line of credit. Presumably, the first mortgage of $250,000 to $500,000 is on his family home. The second mortgage is most probably on his rental property in Florida.

The home equity line of credit is probably a second mortgage on Rubio’s private residence. Together, all the debts add up to at least $450,002. They could subtract as much as $1 million from the Marco Rubio net worth total.

Also see: Barack Obama Net Worth

Marco Rubio Salary

Rubio earned about $30,000 a year as a member of the Florida State House of Representatives. As a U.S. Senator he earned $174,000. In 2015, Rubio’s earnings jumped considerably because of a book deal, investments and other stated income.