Beto O’Rourke Net Worth: $10 Million (approx.)
Beto O’Rourke net worth is around $10 Million. Beto O’Rourke is famous American politician and businessman. Beto O’Rourke served as a member of the El Paso city council from the 8th district from 2005 to 2011.
Beto O’Rourke became a member of the U.S. House of Representatives from Texas’s 16th district in 2013. O’Rourke was the Democratic Party nominee for the 2018 Texas U.S. Senate race against Republican incumbent Ted Cruz.
Beto O’Rourke net worth was around $9 million according to his most recent Congressional wealth disclosure. Beto O’Rourke owns at least $3 million worth of real estate and at least $6 million worth of other investments.
O’Rourke also earns money from a stake in his software and technology company, as well as his wife, Amy’s trust fund, according to The Texas Tribune. He co-founded the internet services and software company Stanton Street Technology.
Beto O’Rourke married into wealthy family. Beto O’Rourke married Amy Hoover Sanders, in 2005 who is the daughter of real estate tycoon William Sanders with a net worth closer to $500 million. The Times described Sanders as “one of the most influential figures in a region ruled by mercantile interests.”
The Sanders connection didn’t hurt Beto O’Rourke when he ran and was elected to the El Paso City Council, serving from 2005 to 2011, and the U.S. House of Representatives, where he served from 2013 to January 2019. On the day that Beto O’Rourke announced his senatorial bid, Amy Sanders sold a stake in a web design company he founded, worth up to $500,000. Beto O’Rourke salary as a congressman was $174,000, according to Ballotpedia.
When his father died, Beto O’Rourke inherited an 18-unit apartment complex in El Paso, which was valued at about $5 million, according to financial disclosure forms. Just before announcing his Senate run, Beto O’Rourke sold the complex to Patricia Rogers, who since 2012 has donated at least $11,000 to O’Rourke’s campaigns.
As per OpenSecrets.org, Democratic Governors Association and Republican Governors Association have raised a combined $46.6 million, and spent $28.2 million, for the 2021 and 2022 governor races.
Beto O’Rourke has been supported by celebrities including LeBron James and Willie Nelson. He is a member of the new Democrat Coalition which is centrist or moderate.
Is Beto’s wife (Anne Sanders) a billionaire?
Beto O’Rourke has been married to Anne Sanders since 2005. Together they have 3 children. In an October 2018 profile of Beto, the New York Times referred to his father-in-law William Sanders as a “billionaire real estate developer”. Follow up articles by other less-credible news sites somehow magically estimated that William had a net worth of $20 billion. That would be news to us.
William Sanders founded a company called International Development Corp in 1966. In 1968 he relocated the company to Chicago and renamed it LaSalle Partners. Over time the company changed into what is known today as Jones Lang LaSalle. Sanders sold his stake in the firm in the 1980s for $65 million, roughly $165 million today after adjusting for inflation.
Many years after selling his stake, Sanders created a new company called Security Capital Group, headquartered in Santa Fe. The Real Estate Investment Trust eventually went public and by 2000 had an estimated $25 billion in assets under management.
Sanders sold this company to G.E. Capital in 2002 for $4 billion in cash plus the assumption of $1.4 billion in debt. His personal cut of the sale was $250 million. Sanders sold 86% of a third company in 2012 for $886 million.
His cut of that sale was $22 million. Clearly he has been quiet successful, but this also don’t give him billionaire status. In late 2018 Forbes estimated William Sanders’ net worth at $500 million.
Plenty of money to bankroll his son-in-law’s Presidential dreams, but not enough to make his daughter a billionaire heiress. That’s especially true when you consider Amy has a living mother and four siblings!
Beto O’Rourke Biography:
| Born | Robert Francis O’Rourke September 26, 1972 (age 51) El Paso, Texas, U.S. |
|---|---|
| Political party | Democratic |
| Spouse(s) | Amy Sanders (m.2005) |
| Children | 3 |
| Parent(s) | Pat O’Rourke Melissa Williams |
| Education | Columbia University (BA) |
Beto O’Rourke was born in El Paso, Texas in September 1972. Beto earned his BA from Columbia University.
Beto O’Rourke was born on September 26, 1972, at Hotel Dieu Hospital in El Paso, Texas, to Pat Francis O’Rourke and Melissa Martha O’Rourke, née Williams.
Pat O’Rourke served in public office in El Paso as County Commissioner and County Judge.
Beto O’Rourke Education:
Beto O’Rourke started his education at Escuela Montessori Del Valle preschool and continued to Rivera and Mesita Elementary Schools. In 1988, after two years at El Paso High School, he enrolled in Woodberry Forest School, an all-male boarding school in Madison County, Virginia.
Beto O’Rourke attended Columbia University, where in his junior year he co-captained Columbia’s heavyweight rowing crew. Beto graduated in 1995 with a Bachelor of Arts degree in English literature, Beto is fluently bilingual in English and Spanish.
In eighth grade, Beto O’Rourke was introduced to punk rock through the Clash’s London Calling (1979), an album he later called “a revelation”. By the time he was 14 or 15 years old, he started going to local punk shows. Beto soon discovered Dischord Records, a Washington, D.C.-based independent label with a catalog of punk music, and began reading punk zines like Maximumrocknroll and Flipside.
Beto attended a pricey boarding school in Virginia and joined a punk rock band that toured the country. O’Rourke quit the group to earn a bachelor’s degree in English at Columbia University.
Beto O’Rourke is a musician who was a member of the band Foss. Beto O’Rourke has served on the Committee of Armed Services and the Committee on Veterans’ Affairs.
Beto O’Rourke Music Career:
‘Rourke had a brief career in music during his college years. He joined his first band, called Swipe, after he left El Paso to attend Columbia University in New York. Swipe played shows at bars and clubs in New York and once opened for the Olympia, Washington-based punk band Fitz of Depression.
After being introduced to Bad Brains as a teen, O’Rourke became a fan of punk music. O’Rourke and two friends from El Paso, Mike Stevens and Arlo Klahr, learned to play musical instruments.
In 1991, while at Columbia University, the trio recruited drummer Cedric Bixler-Zavala (eventual vocalist for At the Drive-In and The Mars Volta).
O’Rourke also played drums in the band Swedes, who released an album called Summer in 1995. O’Rourke and ex-members of Foss later started two other bands, a rock group called Fragile Gang and a cover band called The Sheeps
Beto O’Rourke Business:
After graduation, Beto worked as a live-in caretaker and art mover before working for an Internet service provider run by his uncle. He later took a position at H. W. Wilson Company as a proofreader, and wrote short stories and songs in his free time.
O’Rourke returned to El Paso in 1998. At first, Beto O’Rourke was working with computers as an inventory tracker at his mother’s upscale furniture store and living in an apartment building owned by his father. Beto O’Rourke said he wanted to address “brain-drain”, or the exodus of youth caused by lack of opportunity. In 2000, Beto O’Rourke co-founded Stanton Street Technology Group, an Internet services and software company.
With O’Rourke himself unable to obtain a loan, his father took out a $20,000 loan on his behalf.O’Rourke’s wife, Amy, operated the business until June 2017.
Beto O’Rourke Politics:
During his childhood, Beto O’Rourke accompanied his father Pat at campaign stops and other political events. While Pat was charismatic and outgoing, his son was more reserved.
Beto O’Rourke was inspired by the successful 2001 mayoral run of Ray Caballero, whose platform promoted the idea that El Paso was great. When Caballero failed to get re-elected, O’Rourke considered running for office.
El Paso City Council (2005–2012):
In mid-2005, O’Rourke ran for the El Paso City Council on a platform of downtown development and border reform.
O’Rourke defeated two-term incumbent City Councilman Anthony Cobos, 57–43%..
Byrd and Ortega were also elected; along with O’Rourke, they came to be referred to as “The Progressives.”O’Rourke is one of the youngest representatives ever to have served on the City Council. In 2007, he won re-election to a second term, defeating Trini Acevedo, 70–30%.
