Politics

Elizabeth Warren’s Income Has Skyrocketed Since She Entered The Senate In 2013

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Sen. Elizabeth Warren’s personal income has risen substantially since she entered the Senate in 2013, according to 10 years of tax return documents her campaign released Wednesday.

The Massachusetts Democrat and her husband, Harvard Law School professor Bruce Mann, earned a combined adjusted gross income of nearly $5.4 million from 2013 to 2017, according to their tax returns — a 42 percent increase from the couple’s combined income of almost $3.8 million in the five years prior to Warren’s ascension to Congress.

Warren earned over half of the couple’s combined income during those years, even without counting her Senate salary. Most of her outside revenue came from advances and royalties from the seven books Warren has authored or co-authored.

The $2.9 million Warren earned in writing, consulting lecturing and investing during her first five years in office dwarfs the $620,000 she earned in the five years prior to joining Congress.

Warren raked in hundreds of thousands consulting for insurance companies and big banks before becoming a senator. She earned $212,000 in consulting fees from Travelers Insurance between 2008 and 2010, and she also consulted for a law firm that represents Citigroup, JP Morgan Chase and Goldman Sachs.

Warren downplayed her wealth since entering politics.

“I realize there are some wealthy individuals — I’m not one of them — but some wealthy individuals who have a lot of stock portfolios,” the multi-millionaire told MSNBC in 2012 during her first run for Senate.

Her net worth is now between $3.7 and $10 million, according to CNN, putting her firmly within the ranks of the one percent she frequently rails against.

Warren is up for re-election in November, but her campaign’s move to publish her tax returns is being considered a precursor to a potential 2020 presidential bid, CNBC reported.

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