Cory Booker Net Worth 2022 – Salary, Income, Earnings

Cory Booker Net Worth 

Cory Booker has an estimated net worth of $3 million. Cory Booker is best known as the former mayor of Newark and as the junior senator from New Jersey. He earns most of his income from his political career. 

Cory Booker was born in Washington, D.C., on April 27, 1969, to wealthy civil rights activists. He attended prestigious schools such as Stanford University and Yale Law School before becoming a politician in Newark, New Jersey. Booker was elected mayor of Newark, promising to reduce crime and improve education and city services. Booker rose to prominence as the country’s second most social mayor as an avid user of social media, particularly Twitter. He was elected to the United States Senate in a special election in 2013, and he announced his presidential bid in February 2019, before dropping out early the following year.

To calculate the net worth of Cory Booker, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Cory Booker
Net Worth: $3 Million
Monthly Income: $15 Thousand
Annual Salary: $174 Thousand
Source of Wealth: Politician, Lawyer

Learn More: Top 30 Richest People In The World

Early Life

Cory Anthony Booker was a regular high school football star before becoming one of America’s most well-known mayors. He was born in Washington, D.C., on April 27, 1969, to civil rights activists Cary Alfred and Carolyn Rose Booker, who were among IBM’s first Black executives.

Booker was born in Harrington Park, New Jersey, and attended Stanford University, where he earned a bachelor’s degree in political science and a master’s degree in sociology. Booker served as senior class president and directed a student-run crisis hotline in addition to playing varsity football. Booker was awarded a Rhodes Scholarship to study at the University of Oxford after graduating from Stanford.

He also attended Yale Law School, where he earned his Juris Doctor and ran free legal clinics for low-income New Haven residents. Despite his hectic schedule, Booker found time to join the National Black Law Students Association and Big Brothers Big Sisters, where he served as a Big Brother.

Political Career: Newark City Council to Mayor

Booker became interested in local politics, specifically the Newark City Council, and ran against and defeated four-term incumbent George Branch. Booker went on a 10-day hunger strike and lived in a tent near drug-dealing areas to draw attention to the city’s drug and violence problems. He rose to prominence as an advocate for education reform and for proposing council initiatives to improve City Hall transparency, on which he was routinely defeated 8-1.

But Booker was undeterred. Instead of running for re-election, he pursued his ambitions by running for mayor against longtime incumbent Sharpe James. During the campaign, Booker’s opponents called him a carpetbagger and said he wasn’t “Black enough” to understand the city; Booker lost the election and instead served out his council term in 2002.

Following his loss, Booker began investing his time in establishing nonprofit organizations aimed at providing Newark residents with resources and services to better their communities, such as Newark Now, and was garnering attention. He ran for mayor again in 2006 and was elected. Several Bloods gang leaders in four New Jersey state prisons were enraged by Booker’s tough campaign and promises to fight crime, and they plotted his assassination, which was foiled by state investigators.

After becoming the city’s third consecutive Black mayor since 1970, Booker implemented a number of reforms, including overhauling the police department and improving city services. Booker’s administration approved a large budget and fixed the city’s structural financial deficit with what has been described as one of the largest property-tax increases in the city’s history.

During his first term as mayor, he significantly reduced crime—even patrolling the streets until 4 a.m.—implemented pay cuts for top-earning city managers and directors, and cut his own salary by 8%. Furthermore, under Booker’s leadership, the city of Newark received more than $100 million in private philanthropy.

As a member of the nonpartisan Mayors Against Illegal Guns Coalition, Booker was honored by the Brady Center to Prevent Gun Violence in October 2009 and was a finalist for the 2010 World Mayor Prize, finishing seventh. In 2012, he was a candidate for the award.

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Recognition in the Media

Booker was re-elected in May 2010 and made headlines again in December of that year when he responded to a constituent’s Twitter request for him to send someone to shovel her elderly father’s driveway: “I will do it myself; where does he live?” He and a group of other volunteers arrived and shoveled the man’s driveway. Earlier in 2010, Samepoint LLC released a study that ranked Booker as the second most social mayor in the country, based on the social media influence of mayors across the country.

In April 2012, the mayor of Newark made headlines again when he saved a woman from a house fire, resulting in second-degree burns on his hands and smoke inhalation. According to the Toronto Sun, Booker’s actions earned him the moniker “super-mayor,” and The Week news magazine published an issue that month with the headline “Newark’s Cory Booker: America’s most overachieving mayor?”

He appeared on The Oprah Winfrey Show several times, including one with Facebook’s Mark Zuckerberg, who donated $100 million to the city’s education fund, and discussed his relationship with President Barack Obama.

In September 2012, Booker traveled with the Democratic National Convention and delivered speeches in front of large crowds, sparking speculation that he would one day run for president himself. Rumors began to circulate that he was considering a run for the United States Senate, which proved to be true.

U.S. Senate

On June 8, 2013, Booker officially announced his candidacy for the United States Senate in New Jersey, filling the seat left vacant by the death of Senator Frank Lautenberg. Booker campaigned against Representative Frank Pallone, Representative Rush Holt, and Assembly Speaker Sheila Oliver in the Democratic primary in August. On August 13, 2013, Booker won the Democratic primary election with a 40-point lead over runner-up Pallone. In a special election held on October 16, 2013, he defeated Republican Steve Lonegan for the Senate seat.

When election season rolled around again in 2014, Booker defeated Republican challenger Jeff Bell to retain his Senate seat.

Booker was named to Democratic presidential candidate Hillary Clinton’s short list of potential running mates in July 2016. Despite the fact that Booker was not Clinton’s choice for Vice President, he was given a prime-time speaking slot on the first night of the Democratic National Convention. Booker delivered a rousing speech that drew applause from the audience when he repeated a refrain from Maya Angelou’s poem “Still I Rise”: “America, we will rise!”

He also distinguished Clinton from her opponent, Republican presidential nominee Donald Trump. “Hillary Clinton understands what Donald Trump repeatedly betrays in this campaign: that we are not a zero-sum nation, that it is not you or me, that it is not one American against another American.” You and I are interdependent and interconnected, with a single interwoven destiny.

“When we are indivisible, we are invincible,” he said, ending his speech to a standing ovation and recognition as a rising star in the Democratic Party.

During Supreme Court nominee Brett Kavanaugh’s hearing in 2018, Booker released 12 pages of “committee confidential” emails sent by Kavanaugh about racial inequality, putting him in jeopardy of expulsion. “I understand the penalty is possible removal from the Senate,” Booker said. “I openly invite and accept the consequences of my team immediately releasing that email.”

The following April, Booker introduced legislation to investigate the impact of slavery on successive generations of African Americans, as well as the possibility of reparations for slave descendants. It came just a few months after Sheila Jackson Lee of Texas introduced a companion bill in the House in January.

“This bill is a means of confronting the persistence of racism, white supremacy, and implicit racial bias in our country,” Booker said. “It will bring together the best minds to study the issue and propose solutions that will finally begin to right the economic scales of past wrongs and ensure that we are a country that affirms all dignity and humanity.”

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Presidential Bid

Booker announced his candidacy for president in 2020 via email to supporters on February 1, 2019, the first day of Black History Month.

In an accompanying video, he attempted to project a unifying image, noting that “the history of our nation is defined by collective action; by interwoven destinies of slaves and abolitionists; of those born here and those who chose America as home; of those who took up arms to defend our country, and those who linked arms to challenge and change it.”

Despite his high public profile, Booker was unable to gain traction as the campaign season progressed, with polls favoring Joe Biden, Elizabeth Warren, Bernie Sanders, and the upstart Pete Buttigieg. Booker failed to qualify for the sixth Democratic debate late in the year, an ominous sign for his chances of capturing the party’s nomination.

Booker announced the suspension of his presidential campaign in January 2020, after failing to qualify for that month’s debate.

Personal Life

Booker has kept his personal life private, though it was revealed in March 2019 that he was dating actress Rosario Dawson.

Further Reading

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