
{"id":803,"date":"2007-12-14T06:15:27","date_gmt":"2007-12-14T14:15:27","guid":{"rendered":"http:\/\/montaraventures.com\/blog\/2007\/12\/14\/combined-candidate-wealth-chart\/"},"modified":"2007-12-13T17:27:58","modified_gmt":"2007-12-14T01:27:58","slug":"combined-candidate-wealth-chart","status":"publish","type":"post","link":"https:\/\/montaraventures.com\/blog\/2007\/12\/14\/combined-candidate-wealth-chart\/","title":{"rendered":"Millionaire Candidates"},"content":{"rendered":"<p>In prior entries I looked at the individual net worth and incomes of the Republican and Democratic contenders for the Presidency. Now, let&#8217;s take a look at that data combined by estimated net worth and by estimated income to understand how representative our candidates are of the US at large. Caveats about the data and data sources are discussed in the individual entries about <a href=\"https:\/\/montaraventures.com\/blog\/2007\/12\/12\/democratic-contender-finances\/\">Democratic<\/a> and <a href=\"https:\/\/montaraventures.com\/blog\/2007\/12\/13\/republican-contender-finances\/\">Republican<\/a> candidates.<br \/>\n<\/p>\n<h3>Candidates ranked by estimated Net Worth<\/h3>\n<p><\/p>\n<table width=500 border=0>\n<tr>\n<td width=200>\n   <b>Candidate<\/b>\n  <\/td>\n<td width=100>\n   <b>Party<\/b>\n  <\/td>\n<td width=200 align=right>\n   <b>Estimated Net Worth<\/b>\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Mitt Romney\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $202,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   John Edwards\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $55,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Rudy Giuliani\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $52,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   John McCain\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $40,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Hillary Clinton\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $35,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Fred Thompson\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $8,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Bill Richardson\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $6,600,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Christopher Dodd\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $2,400,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Ron Paul\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $2,300,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Duncan Hunter\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $1,500,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Barack Obama\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $1,300,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Tom Tancredo\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $800,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Mike Huckabee\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $700,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Dennis Kucinich\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $300,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Mike Gravel\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $250,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Joe Biden\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $93,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   <b><a href=\"https:\/\/www.federalreserve.gov\/PUBS\/oss\/oss2\/2004\/bull0206.pdf\" target=\"_blank\" >US Household (Median)<\/a><\/b>\n  <\/td>\n<td>\n   <b>&#8211;<\/b>\n  <\/td>\n<td align=right>\n   <b>$93,100<\/b>\n  <\/td>\n<\/tr>\n<\/table>\n<p>\nAs you can see, the candidates vying for the White House in 2008 are all at or above the median US Household Net Worth. It&#8217;s interesting to note as we think about these candidates as being representative of the population overall. Let&#8217;s see what it looks like when the candidates are ranked by 2006 income.<br \/>\n<\/p>\n<h3>Candidates ranked by estimated 2006 Income<\/h3>\n<p><\/p>\n<table width=500 border=0>\n<tr>\n<td width=200>\n   <b>Candidate<\/b>\n  <\/td>\n<td width=100>\n   <b>Party<\/b>\n  <\/td>\n<td width=200 align=right>\n   <b>Estimated 2006 Income<\/b>\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Mitt Romney\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $38,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Rudy Giuliani\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $17,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Hillary Clinton\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $12,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Fred Thompson\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $9,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   John Edwards\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $4,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   John McCain\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $4,000,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Barack Obama\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $991,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Mike Huckabee\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $488,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Bill Richardson\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $452,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Mike Gravel\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $387,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Christopher Dodd\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $303,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Ron Paul\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $295,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Dennis Kucinich\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $240,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Tom Tancredo\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $232,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Joe Biden\n  <\/td>\n<td>\n   D\n  <\/td>\n<td align=right>\n   $201,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   Duncan Hunter\n  <\/td>\n<td>\n   R\n  <\/td>\n<td align=right>\n   $179,000\n  <\/td>\n<\/tr>\n<tr>\n<td>\n   <b><a href=\"https:\/\/www.census.gov\/prod\/2007pubs\/p60-233.pdf\" target=\"_blank\" >US Household (Average)<\/a><\/b>\n  <\/td>\n<td>\n   <b>&#8211;<\/b>\n  <\/td>\n<td align=right>\n   <b>$48,201<\/b>\n  <\/td>\n<\/tr>\n<\/table>\n<p>\nIn Net Worth, at least one of the candidates was close to the people at large. In income, the lowest candidate still has 3.7x the earning power of the average US household according to data from the US Census Bureau. America is the land of opportunity and those with the most are perhaps the most likely to be able to sacrifice temporary income for public service, but I have to wonder, which candidate(s), if any, really understand what the average US household is facing? Are they aware of the struggles? It&#8217;s hard to tell, but with the wealth and income levels on this list, it&#8217;s not likely they understand from recent, first-hand experience.<br \/>\n<br \/>\nIf nothing else, it does make you think. Speaking of which, what do you think? Let your voice be heard, leave a comment below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In prior entries I looked at the individual net worth and incomes of the Republican and Democratic contenders for the Presidency. Now, let&#8217;s take a look at that data combined by estimated net worth and by estimated income to understand how representative our candidates are of the US at large. Caveats about the data and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"_links":{"self":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/803"}],"collection":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/comments?post=803"}],"version-history":[{"count":0,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/803\/revisions"}],"wp:attachment":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/media?parent=803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/categories?post=803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/tags?post=803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}