Alexandria Ocasio Cortez is currently the third most popular US politician on Twitter. She comes behind Barack Obama and President Trump on the platform. But what exactly is fascinating about her and what might Alexandria Ocasio-Cortez’s net worth in dollars be?
Ocasio-Cortez is the youngest female politician of the Democratic Party in the United State Congress. She is the U.S representative for the 14th Congressional District of New York which includes New York City’s Rikers Island, eastern part of the Bronx, and portions of north-central Queens. She is serving for 2020 and beyond.
Rep. Alexandria Ocasio-Cortez and her mom, Blanca Ocasio-Cortez, during her ceremonial swearing-in. REUTERS/Joshua Roberts
Who Is AOC?
Alexandria Ocasio Cortez is also known as AOC. She is a 31-year old self-proclaimed “Democratic Socialist” who became a national figure after she gained victory in the primary election of the Democratic Party for New York’s 14th congressional district on the 26th June 2018.
She had contested against a 10-term incumbent Democratic Caucus Chair; Joe Crowley, and defeated him in what was popularly referred to as the biggest upset victory in the midterm election primaries in 2018.
During the general election on the 6th November 2018, Ocasio-Cortez also floored her Republican opponent, Anthony Pappas. This victory made her the youngest female politician to ever serve in the U.S. Congress.
She assumed office at 29!
Ocasio-Cortez was formerly an activist. She also worked as a bartender and waitress at New York City’s Queensboro Restaurant before vying for the U.S. Congress in 2018. She double-majored in International relations and Economics from Boston University and graduated cum laude in 2011.
Being one of the first women of the Democratic Socialists of America to have won an election into the U.S. Congress, she stands for a progressive platform which includes a guarantee of federal jobs, Medical for All, abolishing the U.S. Immigration and Customs Enforcement and the Green New Deal.
What is Alexandria Ocasio-Cortez’s Net Worth?
After her victory against Joe Crowley and Republican opponent, Anthony Pappas in 2018, she revealed in an interview with the New York Times about her inability to afford an apartment in Washington, DC. She only had savings of $15,000 then. But shortly after, her congressional salary of $174,000 per year came in.
Although she has openly detested the wealthy society, it is estimated that Alexandria Ocasio-Cortez’s net worth would surpass the one-million-dollar mark when she turns 40.
Alexandria Ocasio-Cortez’s net worth as estimated by Celebrity Net Worth is placed at $100,000.
At the dawn of her career, Ocasio-Cortez earned $26,581 while working at a coffee shop/taqueria. As soon as she got into politics, she raked in $6000 as a salary from her campaign. Her salary at the Congress currently stands at $174,000 annually.
Aside from that, she also earns $3000 living expense credit, retirement benefits, and health insurance. Ocasio-Cortez presently owns no financial asset, property, or stocks.
An average annual earning among Congress members is $511,000. In 2019, the Federal Reserve revealed that an American household’s median net worth was more than five times below this at $68,703 as stated by the U.S. Census Bureau.
But then, what is the average age of a Congressman? 57. And that of Senators is 62. But Ocasio-Cortez is only 31 years old!
Who Is Alexandria Ocasio-Cortez’s Boyfriend?
Ocasio-Cortez is so discreet about her private life that one would hardly know the two are an item. Her mum, however, helped with some vital information about Riley Roberts.
In an interview with the Daily Mail, Ocasio-Cortez’s mom, Blanca Ocasio-Cortez gushed about her willingness to see the pair get engaged. “I love him. He is the most loving, supporting person I’ve seen. He helped her tremendously during the election,” Blanca told the Daily Mail.
She added that the duo has been steady for four years after reconnecting from a breakup in college. “I hope they get married soon.” Blanca said, also pointing out that, “although they haven’t told me anything about their plans.”
According to LinkedIn, Riley Roberts consults for tech startups to boost their revenue through marketing and development. He also works as head of the marketing department at HomeBinder.com, a company with the goal of helping people with home maintenance.
He has a dual degree from Boston University, Massachusetts, and hails from Arizona.
Riley Roberts as a supportive partner to Ocasio-Cortez
According to a Vogue profile, the couple resided in a one-bedroom apartment in the city where Ocasio-Cortez is originally from – the Bronx.
Ocasio-Cortez mentions Roberts – simply identifying him as ‘partner’ – and the struggles of having no salary for many months during the period.
In an interview with New York Times, she said, “We’re kind of just dealing with the logistics of it day by day, but I’ve really been just kind of squirrelling away and then hoping that gets me to January.”
They live in Washington D.C now.
Ocasio-Cortez and Riley Roberts Met at Boston University.
Ocasio-Cortez and Roberts met at the B. U. at a weekly Friday-afternoon conversation which was hosted by the dean. Roberts, who was then in Arizona, relocated to be with her.
A report by Insider reveals that at Coffee & Conversations meetings at the Boston University, the rising political star was often the lead in the sessions due to her high gift of oration.
One of the couple’s mutual college friends who spoke to the publication added that she had her unique way of closing meetings “with thoughtful conclusions that included ‘her own twist’ on the subject.”
But Roberts on the other hand was a quiet person. The friend described him as a “philosopher” type to Insider and explained that he could often be seen sitting at a corner of a room “really thinking through things.”
They got attracted to each other as a result of their love for in-depth discussions. However, their relationship has been so concealed that several of their friends didn’t know about it until years after graduating from college.
The couple still occasionally heads back up to the Northeast. In August, she and Roberts took a vacation to Acadia National Park in Maine.
Ocasio-Cortez Will Become A Millionaire At 40
It takes discipline and determination to save a whopping 50% from a gross income as Ocasio-Cortez does. If she remains in Congress and maintains her modest lifestyle, she will likely become a millionaire when she turns 40.
AOC currently spends $4,200 each month, lives in an apartment that costs $2,700 a month, saves half of her gross income each year, and has an average growth on her investments by 2% to 8% per year.
Since she has openly criticized the wealthy society and doesn’t want to be seen as living a frivolous life, her frugality would make her a millionaire even before 40 if she remains in Congress.
At age 31, Alexandria Ocasio-Cortez’s net worth is estimated at $100,000. If she spends $50,400 annually – which seems reasonable – from her $174,000 annual earnings, she will be worth over a million dollars at 40. An estimated progression by Financialsamurai shows that she would be worth $1,100,000 at 38, and $1,500,000 at 40!
AOC also advocates that access to investments which were once available only to the rich and influential be democratized. Real estate is one of the leading investment and wealth-generating opportunities in the United States.
Ocasio-Cortez will most likely turn out as one of the most influential women in Congress if she stays for a long time.
And this is just the starting point for Alexandria Ocasio-Cortez.
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