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Pete Buttigieg has a net worth of around $100,000, the smallest of the presidential candidates. Here's what we know about how the former mayor made his money.
Pete Buttigieg has a net worth of around $100,000, the smallest of the presidential candidates. Here's what we know about how the former mayor made his money.
Ryder Kimball,Debanjali BoseFeb 26, 2020, 04:35 IST
REUTERS/Lucas JacksonPete Buttigieg.
Pete Buttigieg, the former mayor of South Bend, Indiana, has the smallest net worth among candidates running for the Democratic nomination in the 2020 presidential election.
This estimate is based on Pete and, his husband, Chasten Buttigieg's combined assets in real estate and investments, worth about $440,000, minus their accumulated debt of $330,000 from mortgages and student loans.
After completing his Rhodes Scholarship program at Oxford, Pete began working as a management consultant for McKinsey & Company, a management consulting firm, in 2007.
In his autobiography, "Shortest Way Home," Pete writes that during this time he was making about $400 a month from Reserve duty, which was "just shy of enough to cover my mortgage."
Pete eventually became mayor in 2012 and has made more than $100,000 every year since, except for when he was deployed in 2014. He made $46,000 that year.
During the debate on February 19, 2020, Pete Buttigieg made his stance on money clear, saying, "At the end of the day, it's not just about how much money you've got; it's what you stand for."
