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Senator Marco Rubio Net Worth at a Glance
Senator Marco Rubio Net Worth is ~$5 million estimated based on our research and the latest news.
Senator Marco Rubio Net Worth Overview
Marco Antonio Rubio makes money through several book deals and his salary as a US Senator.
According to his most recent financial disclosure and the tax returns that were revealed during his bid for President of the United States, he made nearly $900,000 annually in certain years[1]. Still, that most recent financial disclosure didn’t exactly show how much he was worth.
There is very little information on his net worth that is verifiable. That makes Marco Rubio Net Worth hard to calculate.
Senator Marco Rubio Income
His main source of income that has been recorded is from his salary as a US Senator. Marco Rubio earns anywhere from $174,000-$200,000 annually[2]. However, he has also earned a lot of money from the 3 books that he has written.
Marco Rubio Income Source 1: Salary as a United States Senator
Marco Rubio has been a United States Senator from Florida since 2010.
Marco Rubio makes a base salary of $174,000 in his role as a US Senator.
Marco Rubio Income Source 2: Book Deals
Marco Rubio’s tax returns were released in 2016 when he unsuccessfully sought the Republican Nomination for President of the United States. His tax returns showed that though he had a normal salary of $176k as a US Senator, Marco Rubio’s net worth was boosted by repeated windfalls from book deals.
Since winning the election to an office in Washington, he has earned from $276k to $939k every single year.
Marco Antonio Rubio wrote 3 books[3]:
- 100 Innovative Ideas for Florida’s Future (2006)
- An American Son: A Memoir (2012)
- American Dreams: Restoring Economic Opportunity for Everyone (2015)
He has also written the foreword to a book by Ronald Reagan called “The Heart of a Great Nation: Timeless Wisdom from Ronald Reagan” published in 2020.
If we take an average of the above-mentioned figures from 2012-2021, we can get:
($276k to $939k)/2 x 5 years = ~$3 million
Note that this estimate is about not Marco Rubio’s net worth but about his income which can be higher than our estimate of $3m.
Net worth is largely determined by the market’s valuation. E.g., stocks, properties, government bonds are typical choices for one’s asset allocation.
When it comes to Marco Rubio’s net worth from book royalties, one typically looks into the average income produced (say $3m a year), then applies a multiple (say 2-4X).
Since Marco Rubio is an American politician, there might be an extra premium for buying his royalty rights if he wants to sell.
It’s also important to note that book sales don’t stay constant forever – they could go up or down. So does the estimated Marco Rubio Net Worth.
Marco Rubio’s Early Life and Career
Marco Antonio Rubio was born in Miami, Florida. Rubio’s parents were both Cuban immigrants and migrated to the US in 1956[4]. At the time of Rubio’s birth, both of his parents were not US Citizens. However, Rubio’s parents were naturalized in 1975[5].
It is understood that the Senator’s parents, Mario Rubio Reina and Orioles Rubio, moved to the US before the rise of Fidel Castro. His mother is reported to have made at least four trips to Cuba after Fidel Castro takes full control. The timing regarding before or after Fidel Castro came into power is a source of controversy for the senator.
Future Florida Senator Marco Rubio attended South Miami Senior High School[6]. He graduated in 1989. Marco Rubio attended Tarkio College in Missouri for a year on a football scholarship[7].
After that, Marco Rubio enrolled in Santa Fe Community College (now called Santa Fe College) in Gainesville, Florida[8]. Rubio earned a Bachelor’s degree in Political Science from the University of Florida in 1993[8]. He also earned a Juris Doctor cum laude from the University of Miami School of Law in 1996 after his law school studies[9].
Then, the young Rubio interned for US Representative Ileana Ros-Lehtinen during his law school studies[10]. He also worked with Republican Senator Bob Dole during his Presidential campaign in 1996[11].
In 1998, two years after graduation, he was elected to a seat as city commissioner for West Miami[12]. He became a member of the Florida House of Representatives in 2000. He stayed as a member of the Florida House of Representatives for 7 years[13]. He also became Speaker of the House, Majority Whip, and Majority leader in Congress[14].
He became a member of the United States Senate in 2010[15]. He won the United States Senate Seat with 49% of the vote during the general election against the Democratic Candidate Kendrick Meek. He has continued to win his own Senate Seat and every general election for over a decade.
Marco Rubio has historically supported Republican candidates. He supported Mitt Romney and Donald Trump in the 2012 and 2016 and 2020 Presidential Election. While he was opposed to Donald Trump in the primaries of 2016, he eventually lent support to him during the 2016 Presidential Campaign. He also supported him during the 2020 Presidential Campaign[16].
He was also a vocal supporter of the Trump Administration regarding its stance on China[17].
Marco Rubio has been a big believer and a big supporter of the idea of the American dream. He has pushed that idea in his book, American Son[18].
Marco Rubio has maintained his dominance in his home state for many an election cycle.
Marco Rubio Accomplishments
Marco Rubio says that he incurred about $100,000 in student loan debt after graduation[19]. He paid it all off in 2012. His school expenses were a huge part of his tax returns which were released in 2016.
He has lobbied for the success of the HELPER Act which would reduce mortgage payments for teachers and first responders of the COVID-19 pandemic[20].
Marco Rubio has clashed on immigration with Senator Ted Cruz with whom he held a fiery debate[21].
Marco Rubio Controversies
Marco Rubio falsely claimed that his parents were forced to leave Cuba in 1959.
According to the Washington Post, “being connected to the post-revolution exile community gives a politician cachet that could never be achieved by someone identified with the pre-Castro exodus, a group sometimes viewed with suspicion.”[22]
Marco Rubio denied that he made false statements, instead saying that his family history was based on lore.[23]
Based on his lifetime voting record in the senate, we found the following which might be a source of controversy:
- Senator Rubio voted against the Affordable Care Act or Obamacare. [24]
- Senator Rubio voted against creating an independent commission to investigate the January 6 insurrection.
- Senator Rubio voted against the Budget Control Act of 2011, which included mandatory automatic budget cuts from sequestration.
He also rejects the overwhelming scientific consensus on climate change. [25]
Rubio had sold his Tallahassee property at a loss after having failed to make the mortgage payments on the property.
Rubio also has been reported to have “accidentally” used his party fund credit to pay off personal expenses.
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Marco Rubio Biography
| Legal Name/Birth Name | Marco Antonio Rubio |
| Marco Rubio Net Worth | $5.0 million |
| Pseudonyms | N/A |
| Source of Wealth | US Republican Senator for the State of Florida |
| Date of Birth | May 28, 1971 |
| Place of Birth | Miami, Florida, US |
| Nationality | American |
| Father | Mario Rubio Reina |
| Mother | Orioles Rubio |
| Gender | Male |
| Height | 175 cm (5 ft 9 in) |
| Weight | N/A |
| Religion | Roman Catholic (Church of the Little Flower) |
| Ethnicity | White |
| Marital Status | Married |
| Partner/Spouse | Jeanette Dousdebes (married since 1998) |
| Children | 4 |
| Names of Children | Daniella Rubio, Anthony Rubio, Dominick Rubio, Amanda Rubio |
Frequently Asked Questions About Marco Rubio
What Nationality is Marco Rubio?
Marco Rubio was born in Miami, Florida. However, he is of Hispanic heritage. His parents were of Cuban nationality and immigrated to the United States in 1956 during the regime of Fulgencio Batista.
Is Rubio an Italian Last Name?
The word Rubio is derived from the Italian word “Rosso”[26]. It comes from the Latin words “Rubius and Rossius”. It means red. As a surname, Rubio originally started as a nickname for a person with red hair or a reddish complexion.
What Religion is Marco Rubio?
Marco Rubio has been a Roman Catholic since birth[27]. However, he has attended the Southern Baptist Church in West Kendall, Florida, at the Christ Fellowship. He now visits the Little Flower in Coral Gables.
What did Rubio do before he was a senator?
Senator Rubio taught at Florida International University before running for Senate.
What do Rubio’s parents do?
Mario Rubio Reina was a bartender, and Oriales Rubio was a hotel maid.
How can I Contact Marco Rubio?
You can contact Marco Rubio using his official E-mail or using a contact form on his Senate Webpage[28].
References
[1] https://www.rubio.senate.gov/public/index.cfm/biography
[2] https://www.rubio.senate.gov/public/
[3] https://www.goodreads.com/author/list/312652.Marco_Rubio [Marco Rubio Net Worth]
[4] https://www.politico.com/magazine/story/2015/10/marco-rubio-profile-213275/
[5] https://www.theatlantic.com/politics/archive/2011/10/rubios-parents-were-plain-old-immigrants-not-refugees/336501/
[6] https://observer.com/2015/04/photo-emerges-of-marco-rubio-acting-like-a-high-schooler-in-high-school/
[7] https://www.washingtonpost.com/politics/rubios-summer-of-90-an-arrest-then-newfound-purpose/2016/01/21/3582a72e-c04d-11e5-bcda-62a36b394160_story.html
[8] https://sipa.fiu.edu/people/senior-fellows/profiles/marcorubio.html
[9] https://www.law.miami.edu/hidden-tags/marco-rubio
[10] https://www.britannica.com/biography/Ileana-Ros-Lehtinen
[11] https://www.npr.org/2016/03/10/469972543/first-mention-marco-rubio-campaigns-for-bob-dole
[12] https://www.washingtonpost.com/politics/the-story-behind-marco-rubios-frustrating-first-job-as-a-politician/2015/07/29/5c0d4de6-308c-11e5-8f36-18d1d501920d_story.html
[13] https://www.rubio.senate.gov/public/index.cfm/biography
[14] Ibid
[15] https://www.npr.org/sections/itsallpolitics/2010/11/02/131024391/marco-rubio-wins-senate-seat-from-florida
[16] https://edition.cnn.com/2020/11/02/politics/marco-rubio-donald-trump-election-2020/index.html
[17] https://www.rubio.senate.gov/public/index.cfm/2021/1/rubio-praises-trump-administration-crackdown-on-chinese-apps
[18] https://www.amazon.com/American-Son-Memoir-Marco-Rubio/dp/1595231013
[19] https://morningconsult.com/2015/06/09/marco-rubio-isnt-alone-student-loan-debt-is-higher-than-ever/
[20] https://www.rubio.senate.gov/public/index.cfm/2021/9/photos-rubio-meets-with-first-responders-to-discuss-helper-act-in-jacksonville
[21] https://www.theguardian.com/us-news/2016/feb/01/marco-rubio-hits-back-at-ted-cruz-on-immigration
[22] https://www.washingtonpost.com/politics/marco-rubios-compelling-family-story-embellishes-facts-documents-show/2011/10/20/gIQAaVHD1L_story.html
[23] https://www.politifact.com/factchecks/2011/oct/21/marco-rubio/sen-marco-rubio-said-his-parents-came-america-foll/
[24] http://america.aljazeera.com/opinions/2015/12/how-marco-rubio-sabotaged-obamacare.html
[25] https://www.heraldtribune.com/news/20190819/marco-rubio-calls-climate-change-a-real-problem-but-rejects-aggressive-efforts-to-curb-emissions
[26] https://www.houseofnames.com/rubio-family-crest/Italian
[27] https://www.politico.com/magazine/story/2016/01/marco-rubios-crisis-of-faith-213553/
[28] https://www.rubio.senate.gov/public/index.cfm/contact
