What Is Marco Rubio's Net Worth? The Candidate Talks About His Impoverished Upbringing A Lot
Thursday night marked the first GOP presidential election debate featuring the top 10 Republican candidates as chosen by Fox News, based off of five national polls. While many who made the cut discussed their professional backgrounds as well as their roots, it seems that none were quite as vocal about their impoverished upbringing than Florida Sen. Marco Rubio. The Republican presidential hopeful considers his political success a testament to the American dream given the fact that his parents were poor immigrants who came from Cuba and struggled to make a better life for Rubio and his siblings. So, what is Rubio's net worth now?Much has changed for Rubio since being raised "paycheck to paycheck," as he'd mentioned early in the debate. The senator heavily touched on his parent's sacrifice and dedication during his closing statement in the debate. Rubio said:
Both of my parents were born into poor families on the island of Cuba. They came to America because it was the only place where people like them could have a chance. Here in this country, they never made it big, but the very purpose of their life was to give us the chance to do all the things they never could. My father was a bartender. And the journey from the back of that bar to this stage tonight, to me, that is the essence of the American dream... And I'm running for president because I want that to still be possible for the people trying to do that now.
According to The
Boston Globe, Rubio's net worth from last year totals six times more than the average American citizen's at $443,500, a far cry from his early years. Likewise, his 2013 net worth was around $443,000. Though indeed Rubio has seen major success in his career, that didn't carry over financially to begin with. According to The
New York Times, he entered politics in 2000 with no net worth whatsoever and a mixture of student and personal debt totaling around $180,000. He has since managed to stabilize his finances but not without cashing out a retirement account and selling a home he'd purchased with another politician, the newspaper reported. Rubio's previous precarious financial position mimics where Wisconsin governor and GOP hopeful Scott Walker currently finds himself. Walker reportedly amassed at least $120,000 in debt and has a net worth of -$72,500, according to The Boston Globe. Both Rubio and Walker are the only Republican candidates in the top 10 with a net worth less than seven figures.