Introduction
Marco Rubio is a well-known Republican senator from Florida who has been in the news for his political beliefs, policies, and controversies. He is one of the prominent faces of the Republican Party and has been a vocal supporter of former President Donald Trump. In this article, we take a deep dive into Rubio’s wealth and explore how much he is worth.
The Early Years
Marco Rubio was born in Miami, Florida, in 1971, to Cuban immigrant parents. He grew up in a humble background and attended South Miami Senior High School. After completing his education, Rubio attended the University of Florida and then the University of Miami School of Law, where he earned his law degree. During his law school years, Rubio worked for a lobbying firm and started laying the foundation for his political career.
The Start of a Political Career
Marco Rubio began his political career in 1998 when he was elected to the West Miami City Commission. In 2000, he won a seat in the Florida House of Representatives, representing District 111. He served in the Florida House for eight years, eventually rising to the position of Speaker of the House.
Senator Rubio
In 2010, Marco Rubio ran for the United States Senate from Florida and won the election. He was re-elected in 2016 with 52% of the vote and is currently serving his second term in the Senate. During his time in the Senate, Rubio has been a vocal advocate for conservative policies and has been a strong supporter of the Trump administration’s agenda.
The Rubio Family Business
Marco Rubio’s wife, Jeanette Dousdebes Rubio, is a former Miami Dolphins cheerleader and a successful businesswoman. She is the founder and owner of JDR events, an event planning and management company that organizes high-end events for corporate clients. The company reportedly made an estimated $270,000 in revenue in 2014.
Income From Speeches and Books
Marco Rubio is an accomplished author and has written several books, including “An American Son” and “American Dreams: Restoring Economic Opportunity for Everyone.” He reportedly received a $800,000 book advance for “An American Son.” Additionally, Rubio has earned a significant amount of income from speaking engagements over the years, earning up to $38,000 for a single speech.
Investments and Real Estate
Marco Rubio has made several investments over the years, including purchasing shares in Apple, Microsoft, and Facebook, among other companies. He reportedly made between $15,001 and $50,000 in capital gains from these investments in 2019. Rubio also owns several properties, including a home in West Miami and a vacation home in the Florida Keys.
Salaries and Retirement Benefits
As a U.S. senator, Marco Rubio receives a base salary of $174,000 per year. Additionally, he is entitled to benefits such as health insurance and a retirement plan. Once he retires from the Senate, Rubio will be entitled to a pension based on the length of his service in Congress.
Charitable Contributions
Marco Rubio and his wife are known for their charitable contributions to various causes. They have donated to organizations such as St. Jude Children’s Research Hospital, the Jackson Memorial Foundation, and the Miami Children’s Hospital Foundation.
Conclusion
Marco Rubio has built a successful political career and has amassed a considerable amount of wealth in the process. His net worth is estimated to be around $500,000 to $1 million, which includes his investments, salaries, and real estate holdings.
FAQs
Q1: What is Marco Rubio’s net worth?
A: Marco Rubio’s net worth is estimated to be around $500,000 to $1 million.
Q2: How did Marco Rubio make his money?
A: Marco Rubio made his money through his political career, investments, real estate holdings, speaking engagements, and book deals.
Q3: What is JDR events?
A: JDR events is an event planning and management company that is owned by Marco Rubio’s wife, Jeanette Dousdebes Rubio.
Q4: Does Marco Rubio donate to charity?
A: Yes, Marco Rubio and his wife have donated to several charitable organizations.
Q5: How much does Marco Rubio earn as a senator?
A: Marco Rubio earns a base salary of $174,000 per year as a U.S. senator.