American businessman and politician Beto O’rourke has made name from himself in the country. Let’s take a look at how much this respected politician is making this 2022.
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?
The internet’s been around for decades, but the possibility of actually owning high-value pieces of property ON the internet is fairly new. In other words, it’s a wide-open playing field…but it won’t stay that way forever.
Here’s a quick summary of how Digital Real Estate works:
You invest a little money (maybe around $100) to either purchase or build a piece of “land” on the internet. You specifically place this “land” in a high-traffic area, where lots of people pass through (just like traditional real estate, it’s all about Location, Location, Location).
The folks who pass through your “land” all happen to be looking for a specific product or service, so you “rent” your land to a business owner who happens to offer that product or service.
The business owner pays you $500 to $2,000 a month to “rent” your Digital Real Estate, because it helps them connect with their ideal customers. Think of it like buying a strip mall, or an office space, just on the internet, for WAAAAYYY less money and headache.
But for now, let’s dig in a little more about Beto O’rourke net worth…
49 years old
September 26, 1972
Country of Origin:
El Paso, Texas, United States
Source of Wealth
Robert Francis “Beto” O’Rourke is an American businessman, singer, and politician who served in the House of Representatives from 2013 to 2019. In 2020, O’Rourke sought the Democratic nomination for President of the United States.
He was born on September 26, 1972, in El Paso, Texas, the son of a well-known local political family. The Woodberry Forrest School in Virginia and Columbia University in New York City are both where he received his undergraduate and graduate degrees, respectively.
O’Rourke had a short music career as a bassist with the post-hardcore band Foss when he was a student at Columbia. After spending half a million dollars on your schooling, you’ll be able to do things like this when you’re a rich adult. After graduating from college, he returned to El Paso and started a career in business.
Amy Hoover Sanders, the woman he married in 2005, is the daughter of real estate mogul William Sanders, who was formerly described as a billionaire by the New York Times, although Forbes assessed his net worth to be closer to $500 million in November. An powerful individual in an area dominated by commercial interests, Sanders was characterized by the Times as such.
In the late 1990s, O’Rourke founded Stanton Street Technology Group, a software and technology firm. O’Rourke sold his ownership in the firm to his wife, Amy Sanders O’Rourke, in 2017 before to his Senate race, when she was running for Congress.
In 2005, he was elected to the El Paso City Council, where he served until 2011. When O’Rourke won the Democratic primary in 2012, he was elected to the House of Representatives, where he faced up against eight-term incumbent Silvestre Reyes.
O’Rourke announced not to run for re-election in 2018. After O’rourke declined to run, and in order get attention on the national stage, he decided to run for the U.S. Senate against Republican primary Ted Cruz.
He rose to prominence because of the way he answered to a question about how disrespectful he believed NFL players were for kneeling during the national anthem.
As Texas voters go to the polls this year, it is clear which candidate billionaires are backing in the gubernatorial primary. The campaign of Greg Abbott has raised about $5.5 million from at least 17 billionaires and 3 spouses of billionaires. That’s significantly more than former Democratic presidential candidate Beto O’Rourke. O’Rourke, who only launched his campaign for governor in November last year, has raised just $61,000 from at least 2 billionaires and 3 spouses of billionaires.
Success Clues Of Beto O’rourke
“Let’s not put anybody down. Instead, let’s lift each other up. Let’s bring out the absolute best from our fellow Americans – every single one of them from every single community.”
“We must ensure the economy really works for all, to address unconscionable wealth and income disparities that allow access to opportunity for some over others.”
Featured O'rourke's Best Quotes Quotes
"There is no excuse for making disrespectful and demeaning comments about women."
"You have to tell the people that you want to serve what it is you believe and what you are going to do on their behalf."
The nonpartisan Center for Responsive Politics estimates that O’Rourke had a net worth of $9 million in 2015, making him the 51st wealthiest House member among the 435 members who took part in the study.
When it came to 2018 midterm elections, his fortune was more than twice that of his opponent, Senator Ted Cruz. Cruz had an estimated net worth of $3.8 million and was rated 41st out of 100 senators.
All site content, links and resources are presented solely for informational purposes only and should not be considered as medical, legal, financial or tax advice. ScamRisk.com is free to use because we may earn a commission when you use a service listed on our site, however our editorial treatment of reviews, ratings and listings is equally impartial whether a link is paid or unpaid. Opinions expressed in reviews, commentary and articles are those of the author and are not necessarily shared by Scam Risk. Screenshots, logos, company names & styles are IP, copyright and trademarks of their respective owners, used on this site for their promotion or editorial illustration.