Chuck Schumer Net‌ ‌Worth and Income Sources

Senator Chuck Schumer’s net worth is estimated at approximately $900,000. This information is based on the assets and liabilities specified in the New York Senator’s financial disclosure [1].

The Senior United States Senator has a relatively low net worth compared to other U.S. Senators. He gained most of his wealth from mutual funds and government securities. Each of these contributes to the Chuck Schumer net worth given estimate above.

Chuck Schumer Net‌ ‌Worth: Assets

Chuck Schumer AssetsMinimum ValueMaximum ValueEarnings
Mutual Funds$367,000$1,230,000$0 – $6,230
Government Securities$1,001$15,000$201 – $1,000
Total$368,000$1,245,000$201 – $7,230

Chuck Schumer Net‌ ‌Worth: Liabilities

Chuck Schumer LiabilitiesMinimum ValueMaximum Value
Mortgage$100,001$250,000
Total$100,001$250,000
Senator Chuck Schumer is the current Senate majority leader.  Credit: Wikipedia

Chuck Schumer Net‌ ‌Worth: Income Sources

Sen. Schumer earns income from a number of different sources. He earns $193,000 per year U.S. Senate according..

The New York Senator also earns money from mutual funds and government securities.

Income Source 1: U.S. Senate Salary

Sen. Chuck Schumer was elected to the United States Senate in 1998. The Senior United States Senator from New York reported receiving $193,000 from the U.S. Senate in his financial disclosure for 2020. 

Senator Chuck Schumer attended Harvard Law School.  Credit: Philadelphia Inquirer

Income Source 2: Earnings from Assets

Sen. Chuck Schumer owns assets valued at between $368,000 and $1,245,000, according to his financial disclosure [1]. This includes mutual funds and government securities. He earns between $201 and $7,230 from these assets. Each of these assets contributes to our Chuck Schumer net worth estimate above.

Senator Chuck Schumer entered politics after being elected to the New York State Assembly.  Credit: Black Enterprise

Sen. Chuck Schumer Bio/Early Life

Charles Ellis Schumer was born on November 23rd,1950, in Midwood, Brooklyn, USA. His parents are Abraham Schumer and Selma Schumer [2].  Chuck’s father ran an exterminating business, and both his parents are Jewish.

In his teenage years, Chuck Schumer attended James Madison High School and graduated in 1967. He then studied Chemistry at Harvard College before switching to a Social Studies program at the institute [3]. Schumer graduated in 1971 and began studying at Harvard Law School.  He then gave and passed the New York state bar.

Senator Chuck Schumer was re-elected to the House eight times.  Credit: The Hill

Political Career

Chuck Schumer began his political career by running for the New York State Assembly [4]. He won the election and served a full three terms between 1975 and 1981.

Schumer then ran for the U.S. House seat vacated by Elizabeth Holtzman. He won and was re-elected a whopping eight times [5]. In March 1993, Schumer introduced The Religious Freedom Restoration Act.

Schumer made his run for the U.S. Senate in 1998. He won the Primary with 51% of the vote and went on to face Republican Al D’Amato in the general election. Schumer won by securing 54% of the vote [6]. He was then re-elected in 2004.

Sen. Schumer chaired the Democratic Senatorial Campaign Committee and was responsible for recruiting candidates and raising funds for the 2006 Senate election. He was then chosen as the Senate minority leader by the Senate Democratic caucus in November 2016 [7]. Schumer became the Senate majority leader after the Democrats won Georgia in the 2020-21 election runoff.

Sen. Chuck Schumer Accomplishments

Sen. Chuck Schumer has achieved many things during his political career. He won every single county with the exception of Hamilton County during his 2004 Senate run.

Sen. Chuck Schumer also helped the Democratic party win six seats during the 2006 Senate elections. He is also the first Jewish leader of both Congress chambers.

Sen. Chuck Schumer Controversies

Sen. Chuck Schumer’s political career has remained largely free from controversy. In  2017, a rumor began circulating that Schumer had an affair with his daughter’s teenage best friend in 1977. However, this rumor was later debunked [8].



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Chuck Schumer Biography 

Legal Name/Birth NameCharles Ellis Schumer
Ed Markey Net‌ ‌Wort$900,000
PseudonymsChuck
Sources of WealthSenior US Senator from New York,Mutual Funds, Government Securities
Date of BirthNovember 23rd, 1950
Place of BirthMidwood, Brooklyn, USA
NationalityAmerican
GenderMale
HeightN/A
WeightN/A
ReligionJewish
EthnicityAmerican
Marital StatusMarried 
Partner/SpouseIris Weinshall (m. 1980)
Children2
Names of ChildrenJessica Schumer, Alison Schumer

Frequently Asked Questions About Senator Chuck Schumer

What is Chuck Schumer’s nationality?

Chuck Schumer was born in Brooklyn and is American.

Is Chuck Schumer Married?

Chuck Schumer married Iris Weinshall in 1980. The couple has two children named Jessica and Alison Schumer.

What did Chuck Schumer do before becoming a Senator?

Chuck Schumer was a member of the New York State Assembly and the U.S. House before becoming a Senator.

References

[1]. https://sec.report/Senate-Stock-Disclosures/SCHUMER/CHARLES+E/3bb014b5-83d4-469a-9d5e-6fdb4bc7259e – Chuck Schumer financial disclosure for 2020

[2]. http://freepages.rootsweb.com/~battle/genealogy/senators/schumer.htm – Chuck Schumer family

[3]. https://www.senate.gov/~schumer/SchumerWebsite/about_chuck/time-popups/time-college.html – Chuck Schumer education

[4]. https://www.nytimes.com/1991/04/07/nyregion/washington-at-work-side-by-side-by-solarz-and-schumer-a-rivalry.html – Chuck Schumer wins NY State Assembly

[5]. https://www.nytimes.com/1991/04/07/nyregion/washington-at-work-side-by-side-by-solarz-and-schumer-a-rivalry.html – Chuck Schumer wins House seat

[6]. http://www.fec.gov/pubrec/fe1998/98senate.htm – Chuck Schumer wins Senate seat

[7]. https://www.bostonglobe.com/news/politics/2016/11/16/chuck-schumer-elected-succeed-harry-reid-senate-minority-leader/D4284OThDQcJfsrR5XkWoK/story.html – Chuck Schumer Senate leadership

[8]. https://apnews.com/article/fact-checking-afs:Content:9511050003 – Chuck Schumer rumor debunked


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Shane
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