Cory Booker Net Worth and Income Sources

Senator Cory Booker net worth is $800,000 according to our estimate. This estimate is based on the assets mentioned in the New Jersey Senator’s financial disclosure [1].

The Junior Senator gained much of his wealth from serving as the Mayor for Newark, New Jersey, and from his position as a United States Junior Senator. 

Cory Booker Net‌ ‌Worth: Assets

AssetsMinimum ValueMaximum ValueEarnings
Bank Deposits$430,000$950,000$201 – $1800
Retirement Plan$50,000$100,000$0 – $200
Total$480,000$1,050,000$201 – $2000

Cory Booker Net‌ ‌Worth: Income Sources

US Senator Cory Booker earns income from many different sources. He earns $174,000 per year as the Junior Senator from New Jersey.

Sen. Cory Booker also earns money from bank deposits and retirement plans.

Senator Cory Booker is the current Junior Senator from New Jersey.  Credit: Wikipedia

Income Source 1: U.S. Senate Salary

Sen. Cory Booker was elected to the United States Senate in 2013. The Junior US Senator receives the default Senate salary of $174,000 [2].

Income Source 2: Earnings from Assets

Sen. Cory Booker also earns income from his assets. He earns between $201 and $1,800 from his bank deposits valued at between $430,000 and $950,000. The Senator from New Jersey also earns between $0 and $200 from his retirement plan valued at between $50,000 and $100,000.

Based on the senator’s public disclosure, Cory Booker Net Worth has not exceeded a million yet. 

Cory Booker Net‌ ‌Worth: Senator Cory Booker served as Mayor of Newark, New Jersey, for two terms. Credit: Wikipedia

Senator Cory Booker Bio/Early Life

Cory Anthony Booker was born on April 27th, 1969, in Washington, D.C., USA [3]. His parents are Cary Alfred Booker and Carolyn Rose, who were the first black executives at IBM. His family’s ancestry is Sierra Leonean.

Cory Booker attended an African Methodist Episcopal Church in New Jersey as a child [4]. He graduated from the Northern Valley Regional High School at Old Tappan and played varsity football for their team. Booker then pursued higher education at Stanford University. He received a Bachelor of Arts degree in Political Science in 1991, and a Master of Arts degree in Sociology in 1992.

Cory Booker later received a Rhodes Scholarship for studying at Queen’s College Oxford [5]. He graduated from the college with a United States History degree in 1994. He was also elected President of the Oxford University L’Chaim Society while at the college. Booker then studied at Yale Law School and received a Juris Doctor in 1997.

 Cory Booker Net Worth could have changed quite a bit had the Senator had won the Democratic Nomination for the President of the United States. Credit: Rolling Stone

Political Career

Cory Booker began his political career by running for a seat on the Municipal Council of Newark. He defeated George Branch, who was the four-term incumbent. He then ran for the position of Mayor of Newark in 1992. Booker lost to incumbent Sharpe James, who ran a fierce campaign after perceiving Booker as a threat [6].

Cory Booker ran for Newark Mayor again in 2006 and defeated deputy Mayor Ronald Rice by earning 72% of the vote. He was then re-elected in 2010.

Cory Booker filed papers to form a campaign committee for his election to the U.S. Senate in January 2013. He eyed the seat held by Frank Lautenberg. Lautenberg later passed away from viral pneumonia in June of the same year.

Booker won the Democratic primary with 59% of the vote. He then beat Republican Steve Lonegan in the following general election after receiving 54.9% of the vote [7]. 

Senator Cory Booker was re-elected to the U.S. Senate in 2014 and 2020. He also campaigned for the Democratic nomination to become President of the United States during the 2020 election. Booker was endorsed by every Democrat in the New Jersey House of Representatives but failed to win the Democratic Nomination. He suspended his campaign in January 2020 and endorsed Joe Biden for president later in the year.

Cory Booker is the first African-American Senator from New Jersey.  Credit: NPR

Senator Cory Booker Accomplishments

Senator Cory Booker accomplished many things in his political career. He was the first African-American United States Senator from New Jersey.

Sen. Booker also wrote, sponsored, and passed legislation in favor of women’s rights, same-sex marriage, single-payer healthcare, and affirmative action.

The Senator also supported economic reforms to reduce the racial wealth gap in the United States.

Senator Cory Booker Criticisms

Senator Cory Booker has received much criticism from his opponents and progressive supporters during his political career. 

Former Newark Mayor Sharpe James attempted to slander Booker by calling him “a Republican who took money from the KKK and Taliban” during his mayoral run [8].

Some liberal supporters have criticized Booker for taking money from Wall Street during his run for the Democratic Nomination. However, others have defended Booker, pointing out that such donations are common for high-profile politicians [9].

Similar Senator Net Worth and Income Articles:

Cory Booker Biography 

Legal Name/Birth NameCory Anthony Booker
Cory Booker Net‌ ‌Worth$800,000
Sources of WealthJunior US Senator from New Jersey,Bank Deposits, Retirement Fund
Date of BirthApril 27th, 1969
Place of BirthWashington, D.C., USA
Marital StatusSingle
Names of ChildrenN/A

Frequently Asked Questions About Senator Cory Booker

Is Cory Booker a millionaire?

No. As of 2021, Cory Booker Net Worth is not quite a million yet according to our estimate. However, it’s important to point out that some other sites have estimated Cory Booker Net Worth to be $3 million. 

On the other hand, we expect to see the inflation issue last for quite some time. Hence, Cory Booker Net Worth could very well reach 1 million in 2022. 

Is Cory Booker African-American?

Cory Booker is African-African. He was born to African-American parents, and his ancestors are believed to be from Sierra Leone.

Is Cory Booker gay?

Cory Booker has not publicly stated if he is gay. He was previously dating female actress Rosario Dawson [10].

What did Cory Booker do before becoming Senator?

Cory Booker served as Mayor of Newark, New Jersey, before becoming a Senator.

Cory Booker Net Worth References

[1]. – Cory Booker financial disclosure for 2020

[2]. – US Senate default salary

[3]. – Cory Booker early life

[4]. – Cory Booker attended an African Methodist Episcopal Church

[5]. – Cory Booker university education

[6]. – Cory Booker first mayoral run

[7]. – Cory Booker wins Senate seat

[8]. – Cory Booker slandered by Sharpe James

[9]. – Cory Booker criticism from liberals

[10]. – Cory Booker relationship with Rosario Dawson

Photo of author
Our Editor-in-Cheif works as a strategist at a Fortune 500 financial institution. He brings depth into our content with 10+ years of experience in managing businesses and evaluating deals. He loves the combination of boring business concepts and interesting pop culture snippets. This site is run by a team from major financial hubs in New York, Hong Kong, and London. Find out more about us.

Leave a Comment