Andrew Yang Net Worth (2022 Update): He Only Moves Forward
Entrepreneur turned politician Andrew Yang is the blueprint of success. With a net worth of $1 million, he took risks and pulled through adversities.
But How Did He Make His Money?
The one thing that’s well-known about ultra high net worth individuals (UHNWs) – the folks worth at least $30 million USD – is that virtually ALL of them have some part of their fortune in real estate.
Many of the more famous rich people and “celebrity entrepreneurs” actually got their start in real estate. And that’s great for them! Not so much for us…
See, more millionaires are created during recessions than any other part of the economic cycle. Which is cool, except the last real recession was 2008, when real estate prices were in the tank and you could buy a whole neighborhood with $100,000.
Now, though, real estate prices are through the roof, and interest rates are skyrocketing too. So how does the everyday person start building a massive net worth in an economy like this one?
But for now, let’s dig in a little more about Andrew Yang…
January 13, 1975
Country of Origin:
Source of Wealth
Entrepreneur, Author, Politician, And Political Commentator
Andrew Yang is well-known for being an entrepreneur, lawyer and philanthropist turned politician.
He is also the author of books like “Smart People Should Build Things: How to Restore Our Culture of Achievement,” and “The War on Normal People: The Truth About America’s Disappearing Jobs and Why Universal Basic Income Is Our Future.”
Andrew Yang announced in 2017 that he would run for the Democratic Party nominee for the United States presidential race in 2020.
He campaigned on the platform of Universal Basic Income which he called the Freedom Dividend, which would give every American over the age of 18 a $1,000 basic income every month.
Andrew Yang’s campaign gained popularity online with The New York Times even calling him “The Internet’s Favorite Candidate.”
His supporters, who call themselves The Yang Gang, have gotten the word out about his campaign on Reddit, Facebook, Instagram, Twitter, and other social media sites.
After his failed 2020 presidential bid, he continued his political career and announced that he would be running in the 2021 New York City mayoral election.
According to Forbes, Andrew Yang’s net worth is about $1 million, and The Wall Street Journal says his assets are worth between $834,00 and $2.4 million.
Andrew M. Yang was born on January 13, 1975, in Schenectady, New York City. He grew up with his brother Lawrence in Westchester County, New York.
His parents met at the University of California, Berkeley, and moved from Taiwan to the United States in 1960s.
He used to play D&D, tennis, and piano when he was a kid. He was picked on at school as he is one of the few Asian kids in his town and one of the smaller kids in his class. He was also smart enough to skip a grade but this made him even more of a target for bullying.
Andrew Yang took the SAT when he was 12 and got a score of 1220 out of 1600, which got him into the Center for Talented Youth at Johns Hopkins University, a summer program for smart kids. He went there for the next five summers.
He attended Phillips Exeter Academy in New Hampshire in high school. Andrew Yang joined the 1992 U.S. National Debate Team and competed in the world championships.
He went to Brown University in Providence to take Economics and Political Science after graduating from high school in 1992. He finished college in 1996 and went to Columbia Law School to continue studying law and graduated in 1999.
After graduating from law school, Andrew Yang got his first job as a corporate attorney in Manhattan. But after only five months, Andrew Yang resigned because the work was hard, and it didn’t give him any satisfaction.
Andrew Yang began working in startups and by February 2000, Andrew Yang created Stargiving, a website for raising money for charity with the help of celebrities.
Andrew Yang was the Vice President of a new health care company from 2002 to 2005. Andrew Yang left MMF Systems in 2005 to work with his friend Zeke Vanderhoek at Manhattan Prep.
By 2006, he had taken over as CEO of Manhattan Prep, and under his leadership, the business grew from five locations to 69.
In December 2009, the big test prep company Kaplan, Inc. bought Manhattan Prep, and Andrew Yang stopped running Manhattan Prep at the beginning of 2012.
Andrew Yang founded a new nonprofit called Venture for America in 2011. Its goal is to “create economic opportunity in American cities by mobilizing the next generation of entrepreneurs and giving them the skills and resources they need to create jobs.
He started Venture for America with $200,000 and placed 40 graduates in jobs in Baltimore, Cincinnati, Cleveland, Detroit, Las Vegas, New Orleans, Philadelphia, Providence, home of his alma mater, Brown University.
In 2014, 106 people graduated from VFA’s program, and the organization opened new offices in Columbus, Miami, St. Louis, and San Antonio. In 2017, VFA was in about 20 cities, some of which were Atlanta, Denver, and Nashville.
He quit his job as CEO of VFA in March 2017, so he could focus on running for his presidential campaign.
How Does He Do It?
Andrew Yang Success Clues
One: you only get anywhere by being bold.
Two: have a lot of big ideas.
Three: talking about something is not the same as doing something about it.
Featured Andrew Yang's Best Quotes Of All Time Quotes
"Overnight successes are generally years in the making. And most progress is made in isolation, far from the public eye."
"Mistakes are acceptable if they're the result of moving forward."
"People can grow from adversity as much as they do from prosperity."
"I'm a capitalist, and I believe that universal basic income is necessary for capitalism to continue."
With his exceptional educational background, Andrew Yang has dreamed of it all. From being an entrepreneur, author, and politician, he proved that success doesn’t happen overnight.
We all know it’s hard to get started, but with hard work and determination, you will and you can — Andrew Yang’s net worth of $1 million is the proof of that.
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