The Untold Truth About Bill de Blasio’s Net Worth: How Much Has He Really Earned?
Bill de Blasio is a name that needs no introduction. Since becoming the mayor of New York City in 2014, he has been one of the most talked-about politicians in the United States. With his progressive policies and vision, he quickly became a household name. However, many people are still confused about his net worth and the source of his income. In this blog post, we will discuss the untold truth about Bill de Blasio’s net worth and how much he has really earned.
Introduction
Bill de Blasio was born in 1961 in New York City, making him a true New Yorker. He served as the New York City Public Advocate from 2010 to 2013 and was elected as the 109th Mayor of New York City on November 5, 2013.
Many people wonder how much money he makes from his position of power. While it is true that being a mayor comes with a lot of perks, most of the income is earned through investments and real estate. Let’s take a closer look at Bill de Blasio’s net worth and the sources of his income.
Section 1: Bill de Blasio’s Net Worth
According to Celebrity Net Worth, Bill de Blasio’s net worth is estimated to be around $1.5 million. While this may seem like a lot of money to most people, it is not that much compared to other politicians in the United States.
However, it is important to note that this is only an estimate and there is no way to verify the accuracy of the number. Additionally, Bill de Blasio was not rich before being elected as the mayor of New York City, so most of his wealth has been amassed during his time in office.
Section 2: How Much Does Bill de Blasio Make as Mayor?
The salary of the New York City mayor is $258,750 per year, making it one of the highest-paying political positions in the United States. However, this is not the only source of income for Bill de Blasio. He also earns money from his investments and real estate.
Section 3: Bill de Blasio’s Investments
Bill de Blasio has invested in stocks and mutual funds, according to his financial disclosure statements. The mayor’s investments are worth between $223,000 and $614,000. He also has a retirement account worth between $265,000 and $612,000.
It is important to note that the amount of money he makes from his investments varies from year to year depending on the performance of the stock market. However, it is safe to assume that the mayor’s investments generate a decent amount of income.
Section 4: Bill de Blasio’s Real Estate
Bill de Blasio and his wife Chirlane McCray own two homes in New York City. The first is a rowhouse in Park Slope, Brooklyn, which they bought for $612,000 in 2000. The house is now worth an estimated $1.4 million.
The second home is a condominium in the Bedford-Stuyvesant neighborhood of Brooklyn, which they bought for $630,000 in 2013. The condo is now worth an estimated $1.2 million.
It is worth noting that the value of real estate in New York City has skyrocketed in recent years, so the mayor’s houses have gained a considerable amount of value since they were purchased.
Section 5: Bill de Blasio’s Taxes
As the mayor of New York City, Bill de Blasio is required to pay New York State and New York City income taxes. The exact amount of taxes he pays each year is not publicly disclosed, but it is safe to assume that he pays a considerable amount given his income.
Section 6: FAQs
Q1: How much is Bill de Blasio worth?
A1: Bill de Blasio’s net worth is estimated to be around $1.5 million.
Q2: What is Bill de Blasio’s salary as mayor of New York City?
A2: Bill de Blasio’s salary as mayor of New York City is $258,750 per year.
Q3: How does Bill de Blasio make money?
A3: Bill de Blasio makes money from his investments and real estate, in addition to his salary as the mayor of New York City.
Q4: What kinds of investments does Bill de Blasio have?
A4: Bill de Blasio has invested in stocks and mutual funds, according to his financial disclosure statements.
Q5: What real estate does Bill de Blasio own?
A5: Bill de Blasio and his wife own two homes in New York City, a rowhouse in Park Slope, Brooklyn, and a condominium in the Bedford-Stuyvesant neighborhood of Brooklyn.
Q6: How much are Bill de Blasio’s homes worth?
A6: Bill de Blasio’s homes are estimated to be worth around $1.4 million and $1.2 million.
Q7: Does Bill de Blasio pay taxes?
A7: Yes, Bill de Blasio pays New York State and New York City income taxes.
Section 7: Conclusion
In conclusion, Bill de Blasio’s net worth is estimated to be around $1.5 million, with most of his wealth being earned during his time as the mayor of New York City. In addition to his salary as mayor, he makes money through his investments and real estate. His investments include stocks and mutual funds, while he owns two homes in New York City.
Section 8: Call to Action
It is important to keep in mind that politicians like Bill de Blasio are public servants, and their salaries and sources of income should be transparent and publicly disclosed. It is our responsibility as citizens to remain informed and hold our elected officials accountable for their actions.