Elizabeth Warren is the senior senator of the United States representing Massachusetts. She’s also a former law professor employed by several prestigious institutions. Now, she’s a member of the Democratic Party, and has fought for economic opportunity, social safety net, and consumer protection. According to Forbes, Elizabeth Warren has a net worth of $12 million.
Background
The senator was born Elizabeth Ann Herring on June 22, 1949, in Oklahoma City. She had three older brothers, and she was the only daughter. Their father was a flight instructor for the army during World War II.
Her father had heart problems, which led to the family struggling financially. Warren began working at her aunt’s restaurant as a waitress when she was 13. Around this time, she was a member of Northwest Classen High School’s debate team.
They won a championship, and Elizabeth earned a debate scholarship from George Washington University. However, she left college to marry Jim Warren. She later enrolled in the University of Houston and got a speech pathology and audiology degree.
Academic Career
Warren began her academic career as a teacher at the Newark School in Law of Rutgers University. She went to the University of Houston Law Center after that. In 1981, she was a visiting associate professor at the University of Texas School of Law.
Two years later, she became a full-time professor and a research associate in Austin. She was also visiting the University of Michigan. Warren then became a professor at the University of Pennsylvania Law School in 1987.
She wrote in a variety of fields, but her specialty was commercial law and bankruptcy. She first made headlines in 2004 when she appeared on the Dr. Phil show.
Political Career
In September 2011, Warren announced her plan to run for senator in the Democratic nomination in Massachusetts. In the 2012 elections, she won 53.7% of the votes. She has made several bold moves since.
For instance, Warren questioned the actions of the Department of Justice, the Federal Reserve, the Securities and Exchange Commission in letters issued in May 2013.
One of her more recent pursuits is the wealth tax bill for billionaires. It demanded a 3% tax would be imposed on those with assets worth more than $1 billion. She also recently unveiled a new bill that would prohibit crypto companies from doing business with sanctioned entities.
Net Worth and Salary
Elizabeth Warren has built up a massive fortune with her long career in different fields. She holds most of it in retirement accounts that are currently worth $4 million. She also invested an almost equal amount of wealth into real estate.
Her annual salary is estimated to be around $250,000. By putting them in assets, her value is only expected to grow. But as of now, she’s sitting around a $12 million net worth.
Personal Life
She got her last name from marrying James Robert “Jim” Warren in 1968. The couple had two children together, Amelia and Alexander. However, they divorced ten years later. She’s now living with fellow law professor Bruce Mann in a luxury home in Cambridge.
