Last night’s ninth Democratic Party presidential debate was the first to include former New York City mayor Michael Bloomberg. Commentators this morning disagree on who won and who lost (a Fox writer considers Elizabeth Warren the only winner, while a CNN columnist thinks everyone won but Bloomberg and Amy Klobuchar).
As I watched the debate, I thought that the participation of these six people in a campaign to be president of the United States says something important about the United States.
How the candidates started and their net worth today
Mike Bloomberg was born to a dairy company bookkeeper and his wife; his father never earned more than $6,000 a year. He worked his way through Johns Hopkins University and Harvard Business School. In 1981, he and a team built a machine that provides real-time market data and other financial analytics to Wall Street firms. His company earned $10 billion in 2018; his net worth is now estimated at $61.8 billion.
Bernie Sanders was born in Brooklyn to a paint salesman and his wife. After serving as mayor of Burlington, Vermont, and a US congressman and then senator, his net worth is estimated at $2 million, much of his earnings coming from books. He and his wife own three homes.
Elizabeth Warren was born to a US Army flight instructor who became a salesman and then a maintenance man for an apartment building. She started waiting tables at the age of thirteen. According to Forbes, she and her husband now have a net worth of $12 million resulting from their legal work, publishing, and real estate holdings.
Joe Biden’s father suffered financial setbacks before he was born; for several years, their family lived with his maternal grandparents. His father eventually became a successful used car salesman. Joe graduated from college and then attended law school with financial assistance. He became an attorney and then senator before being elected vice president in 2008. Forbes estimates that…
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