The law doesn’t require you to be a multi-millionaire to become eligible to run for president as expenses involved in running for president can be generated via PACs and/or by direct donation. With that said, it is a fact that being a millionaire candidate in a race as sensitive as this one is undeniably an advantage, and is sure to give you an edge over your rivals as the funding of your campaign wouldn’t be greatly dependent on third party. In the 2016 race to the white house, only 3 (Benny Sanders, Martin O’Malley, Marco Rubio) out of the 20 candidates in the race are non-millionaires. While some of these candidates are already in government and earn from their various political posts, others are new to the game with their wealth emanating from various businesses and investments. Let’s take a look at the top 17 richest 2016 US presidential candidates.
17. Lindsey Graham
Net worth: $1 million
Graham have had a long successful political career and have never been beaten in any electoral race. He has been serving in the US government since 1993 when he was first elected into the South Carolina House of Reps, later the US House of Reps and in 2003 the US Senator from South Carolina- a position he still holds today. Majority of his earnings come from the $174,000 salary he receives as Senator. Lindsey have had stints with the Air Force and Air National Guard.
16. Rick Santorum
Net worth: $2 million
Rick served in the US Hose of Reps for four years from 1991-1995 and as US Senator from Pennsylvania for 12 years from 1995-2007. In the 2012 presidential race, he garnered 4 million votes next to Mitt Romney making him the GOP runner-up. Rick earns his millions from consultations, advising companies including Atigeo and Providence energy and his real estate assets which includes 6 rental properties worth $1 million. According to Forbes, Rick earned $178,000 from his production company EchoLight Studios which makes faith-based films.
15. Rand Paul
Net worth: $2 million
Rand Paul is the son of former congressman Ron Paul and like his dad, Rand has a medical degree from Duke university. He was elected into office in 2011 and has since been serving as US Senator from Kentucky. He practiced ophthalmology for 17 years but sold his practice for $220,000 after being elected into the Senate. In addition to his salary, Rand earns from the sale of his two books “Tea Party Goes To Washington” and “Taking A Stand”, which have both have brought in $270,000. His real estate assets includes 6 properties in Texas, and one in Florida. Together with wife and 3 sons, they live in their home in Bowling Green, Kentucky.
14. Chris Christie
Net worth: $3 million
Chris Christie have been serving as Governor of New Jersey since 2010. He bolsters his $175,000 salary with stakes worth $100,000 in McNeil-PPC. With a J.D from Seton Hall University School of Law, he was appointed by former US president George W. Bush as US Attorney for New Jersey which he served from 2002 – 2008. Together with his wife and four children, they live in their $2.3 million condo in an exquisite New Jersey neighborhood.