Chuck Schumer’s net worth is $81 million as of 2024. He earns $10 million annually, which explains such huge wealth. His source of income can be mainly attributed to lobbying and business ventures, says Forbes. 

Chuck Schumer Net Worth Breakdown

Net Worth	$81 Million
Annual Income	$13 Million
Salary	$210,000
Other Income	$9 Million
Real Estate Assets	$25 Million
Stock Portfolio	$30 Million
Wife	Iris Weinshall

Source of Wealth

Just like his counterpart AOC, Chuck Schumer has built up his fortune by occupying a powerful position in the government. With the help of a few wealthy real estate tycoons, Schumer was able to buy many properties at the right time and at the right price.

Since 2008, Schumer has invested $6 million in real estate. The value of these properties is now worth over $25 million, giving him a 400% return.

During the financial crisis, Schumer was able to obtain prime and valuable plots of land at throwaway prices, during auctions. For example, a 500 square/foot plot in New York that is worth over $1 million was secured for just under $49,000.

Businesses and Investments

Investing in stock markets is a volatile business. However, Chuck Schumer has good friends on Wall Street, who always come forward to give the right ‘Advice’, when to buy and when to sell.  Considering Federal Law, Schumer does not own these shares or assets. They are owned by the family (on paper).

Luxury Gifts

Chuck Schumer (and family) own over 6 Omega, 3 Rolex, 2 Cartier, and 2 Zenith watches. Most of these were gifts from wealthy ‘Friends’ who are always looking for future favors.  Schumer and his family also own two luxury yachts, both of which were sold to them at a 90% discount for unknown reasons.

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