Senator Ted Cruz Net Worth Overview
Ted Cruz Net Worth is about $4 million according to reliable sources online.
Ted Cruz is a junior US Senator from Texas serving since 2013.[1] His net worth consists of corporate securities, mutual funds, a retirement plan, and bank savings.
Senator Investment and Assets
Sen. Ted Cruz Net Worth is mainly composed of corporate securities. He also has bank savings and retirement accounts. In addition, Sen. Cruz received sizable contributions for his campaign during Senate elections. He has also taken loans that decrease his net worth amount.
The following table displays the component of Sen. Cruz net worth in 2020. [2]
Summary
| Ted Cruz Net Worth | Value |
| Corporate Stocks | $750,022-$1,975,000 |
| Bank Accounts | $270,007-$625,000 |
| Retirement Plans | $265,002-$550,000 |
| Senate campaign donations | $500,001-$1,000,000 |
| Loans | ($750,001 – $1,500,000) |
| Total | $2,535,033 -$5,650,000 |
Sen. Ted Cruz Net Worth as per the SEC report filed in 2020 was between $2,535,003 and $5,650,000.
Senator Ted Cruz Income
Sen. Ted Cruz earns income through three main sources. His income sources are discussed in the following sections.
Income Source 1: Salary as a Senator
Sen. Ted Cruz receives a salary as the Texas senator. His salary was $174,000 in 2020.
Heidi Cruz, Ted’s wife, also earns a six-figure salary as a managing director at Goldman Sachs. Quartz reported that Heidi earns about $300,000 a year, excluding bonuses.
According to the Atlantic, she faced backlash when she described herself as the family’s “primary breadwinner” and asserted that they couldn’t afford a vacation home. We don’t know the exact amounts of Heidi Cruz’s annual salary (not including bonus anyways), but if she is the family’s primary breadwinner, she earns more than her husband’s salary of $174,000 per year.
Income Source 2: Compensation
Sen. Ted Cruz works for the law firm Morgan, Lewis, & Bockius, LLP that he joined in 2008. His salary for the year 2020 was $1,019,351.
Cruz also receives additional income for services rendered to companies. He received a compensation of $10,000 from Young America’s Foundation for services rendered in 2020.
Income Source 3: Investment and Retirement Plans
Income from investment in corporate securities also contributed to Ted Cruz’s net worth. In addition, Cruz received income from savings and retirement accounts.
Publicly disclosed information gathered from reliable online sources shows that Sen. Ted Cruz’s income in 2020 was between $1,241,763 and $1,337,851 in 2020.
Summary
| Sources | Income |
| Corporate Securities | $33,210-$93,500 |
| Bank Savings | $201-$1,000 |
| Retirement plans | $15,001-$50,000 |
| Attorney Annual salary | $1,019,351 |
| Senator Annual salary | $174,000 |
| Total | $1,241,763 -$1,337,851 |
Ted Cruz’s Bio/Early Life
Ted Cruz was born Rafael Edward Cruz on 22nd December 1970. His place of birth is Calgary in Alberta, Canada. Cruz’s father Rafael Cruz immigrated to Canada from Cuba. His mother Eleanor Elizabeth has mixed Italian and Irish ancestry.
Cruz’s family later moved to Texas. He attended Awty International School and later Faith West Academy in Houston. In 1988, he completed High School as a valedictorian.
In 1992, Cruz completed a BA in public policy degree from Princeton University. He earned a Juris Doctor degree from Harvard Law School in 1995.
In 2001, Cruz tied the knot with Heidi Nelson who worked at Goldman, Sachs & Co. The couple has two daughters.
Cruz had dual Canadian American citizenship up until 2014. He renounced his Canadian citizenship after it was highlighted in a post in the Dallas Morning News.
Ted Cruz Career: Senator for the state
Ted Cruz worked as a clerk for two years after completing his law degree. He joined the law firm Cooper & Kirk, PLLC in 1997. He joined the presidential campaign of George W. Bush in 1999 as a policy advisor.
After George Bush won the presidential elections, Cruz became the Associate Deputy Attorney General in the US Justice Department. He was also appointed director of policy planning for the US FTC.
In 2003, Cruz became the Solicitor General of Texas. He was appointed to the role by Greg Abbott who at the time was the Attorney General of Texas. He joined a private law firm Morgan, Lewis, & Bockius LLP after the end of his term in 2008.
In 2012, Cruz contested the United States election in Texas. The election was held after incumbent Republican Senator Kay Bailey Hutchison retired from her position. Cruz defeated Democratic representative Paul Sadler with a clear majority.
Sen. Cruz is campaigning throughout Texas as he battles Democratic challenger Beto O’Rourke in a tight race to save his Senate seat. Cruz was reelected in the 2018 US Senate election in Texas. He defeated Democratic nominee O’Rourke in the general election, securing his seat as Senator for the State.
Ted Cruz Accomplishments
Ted Cruz has an illustrious academic record. He graduated magna cum laude from both Princeton University and Harvard Law School. In 1992, Cruz won the top speaker award at the US and North American National Debating Championships. He was named as the US National Speaker of the year award by the American Parliamentary Debate Association.[3]
Ted Cruz Criticisms
Cruz had few allies as a senator. Both Democrats and Republicans attacked him, but he was especially critical of President Obama.
Sen. Ted Cruz was criticized for taking a week-long vacation in Cancun, Mexico during the Covid pandemic. Critics called for the resignation of the senator for abandoning the state during the time of crisis. Cruz had to cut short the vacation upon the pressure of the public. He later apologized stating that the vacation was a mistake.[4].
Similar Senator Net Worth and Income Articles:
- Mitt Romney Net Worth And Income Sources
- Mark Warner Net Worth And Income Sources
- Tim Kaine Net Worth And Income Sources
- Patrick Leahy Net Worth And Income Sources
- Bernie Sanders Net Worth And Income Sources
Ted Cruz Biography
| Legal Name/Birth Name | Ted Cruz |
| Ted Cruz Net Worth | $4,000,000 |
| Pseudonyms | N/A |
| Sources of Wealth | Junior US Senator from Texas |
| Date of Birth | Rafael Edward Cruz |
| Place of Birth | 22nd December 1970 |
| Nationality | American |
| Gender | Male |
| Height | 177 cm (5ft 10in) |
| Weight | 149 lbs. (68 kg) |
| Religion | Baptist |
| Ethnicity | White |
| Marital Status | Married |
| Partner/Spouse | Rafael Cruz |
| Children | 2 |
| Names of Children | Caroline Camille Cruz and Catherine Christiane Cruz |
Frequently Asked Questions About Ted Cruz
Who are the US Senators from Texas?
Republicans John Cornyn and Ted Cruz are the senior and junior United States senators, respectively, for Texas.
How old is Ted Cruz?
Senator Ted Cruz (R-TX) will turn 52 years old in 2022.
Who is Ted Cruz’s wife?
Heidi Cruz is famously known for complaining about can’t afford a vacation home while earning a fat paycheck as an MD from Goldman Sachs, the storied investment bank.
Senate salaries are pretty decent for most people’s standards. But, this is probably not the case for high-powered investment bankers.
Is Cruz a Mexican name?
Cruz is a Spanish and Portuguese word that refers to the cross.
What was Ted Cruz’s net worth when he entered the Senate in 2012?
In 2013, he had a net worth of $4.6million and a weekly income of $114,000. According to different sources, Ted Cruz Net Worth was roughly $450 million in 2012, with an interest in oil and gas investment of around $6 million.
References
[1]. https://www.legistorm.com/member/2872/Sen_Ted_Cruz.html – Salary information about Sen. Ted Cruz.
[2]. https://sec.report/Senate-Stock-Disclosures/CRUZ/RAFAEL+EDWARD++TED/12EFF92A-4EA8-44ED-AD2E-A32202BE5771 – Sen. Ted Cruz publically disclosed financial statement filed with the SEC.
[3]. https://debate.princeton.edu/hall-of-fame/ – Princeton University Debate Panel Hall of Fame.
[4]. https://www.foxnews.com/politics/protesters-gather-ted-cruz-home-texas-senator-returns-from-cancun-trip – Cruz admits about his mistake in leaving the state during the COVID pandemic.
