It's been a rough year for the politician, but at least he has his millions of dollars to ease the pain. 68-year-old Chuck Schumer has taken the No. 1 spot on People With Money’s top 10 highest-paid politicians for 2019 with an estimated $58 million in combined earnings.
UPDATE 25/08/2019 : This story seems to be false. (read more)
Chuck Schumer tops annual list of highest-paid politicians
In 2017 it looked like the politician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Saturday (August 24) that Schumer is the highest-paid politician in the world, pulling in an astonishing $58 million between July 2018 and July 2019, a nearly $30 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The American politician has an estimated net worth of $185 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Schumer Burger” chain) in Washington, a Football Team (the “New York Angels”), has launched his own brand of Vodka (Pure Wonderschumer - US), and is tackling the juniors market with a top-selling perfume (With Love from Chuck) and a fashion line called “Chuck Schumer Seduction”.
The ranking is significant for many Chuck fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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