Chuck Schumer Net Worth (2022 Update)

A member of the Democratic Party, Schumer is the senior United States senator from New York, a seat to which he was first elected in 1998.

Charles Ellis Schumer is an American politician that was unanimously elected Democratic leader in 2016 to succeed the then elected Harry Reid.

He also served as the Senate minority leader in 2017.

Here’s a closer look at Chuck Schumer’s net worth and how he made it to where he is today.

Chuck Schumer Net Worth

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? Have you considered Digital Real Estate?

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.

Still Getting Paid

If you’d like to learn more about Digital Real Estate, attend this free live training session from ScamRisk’s #1 recommended trainer.

But for now, let’s dig in a little more about Chuck Schumer net worth…

Net Worth:

$900 thousand


71 years old


November 23, 1950

Country of Origin:

Brooklyn, New York, United States

Source of Wealth


Last Updated


Senate Majority Leader Chuck Schumer is a Democrat from the state of New York. Chuck served as a member of the New York State Assembly from 1975 to 1980 and in the House of Representatives from 1981 to 1999 before becoming Senate Majority Leader. From 2005 to 2009, Schumer served as the head of the Democratic Senatorial Campaign Committee, overseeing 14 Democratic victories in the Senate during this period.

early Life

Charles Ellis Schumer was born in New York City on November 23rd, 1950. Selma and Abraham Schumer raised him in Midwood, Brooklyn. Their ancestors came to America from the Ukraine. Comedian Amy Schumer is a distant second cousin of Chuck.

The valedictorian of his high school class of 1967 in James Madison High School, he attended a number of public schools in his hometown. He took part in the school’s quiz program, “It’s Academic,” when he was still a student there.

He later attended Harvard University, where he majored in chemistry before switching to social studies. In 1971, he earned his magna cum laude from the University. He graduated from Harvard Law School three years later with a Juris Doctorate.

While attending Harvard College, he developed an interest in politics. He didn’t practice law after graduating from Harvard Law School; instead, he went into politics.

His wife is Iris Weinshall. During the month of September of 1980, they exchanged vows at the top of the World Trade Center north tower. The couple has two daughters named Alison and Jessica Schumer.


Schumer graduated from law school and passed the New York bar exam, although he never went on to practice law. Instead, he decided to enter the political world as a politician. Since then, he has served in the Senate. When it comes to critical issues like immigration, health care, and financial regulation, Sen. Chuck Schumer has been a crucial player. Possibly, this is the reason he was appointed dean of the congressional delegation.

In 1974, Schumer was elected to the New York State Assembly, which was his first major victory. He served as a member of the New York State Assembly from the 45th district, a member of the U.S. House of Representatives from New York, the chair of the Democratic Senatorial Campaign Committee, the chair of the Senate Rules Committee, the vice chair of the Senate Democratic Caucus, and the chair of the Senate Democratic Policy Committee. He never lost an election in the New York State Assembly from 1975 to 1981.

Chuck became a member of the House Judiciary Committee during Bill Clinton’s administration. In 1999, he was elected to the United States Senate as a Democrat from New York.

From 2005 to 2009, Schumer presided over the Democratic Senatorial Campaign Committee as its chairman. For fundraising and recruiting Democratic candidates, his role was vital. It wasn’t long thereafter that he was asked to take on increasingly important roles in the Democratic Party.

In 2016 Schumer won his fourth term in the Senate when he was unanimously elected Democratic leader. He was anticipated to succeed Harry Reid, a former lawmaker who declared his intention to step down at the end of this year.

He stayed in this job before moving up to be Senate Majority Leader in Joe Biden’s administration. At the beginning of 2021, he took over Republican Mitch McConnell’s job.

Honorary degrees have been awarded to Schumer in celebration of his political career. Doctorates from Hofstra University, Hunter College and Adelphi University and Doctors of Laws from the New School, Touro Law Center and Brooklyn Law School are among them.

He’s a novelist, too, in addition to his political career. His first book, Positively American: Winning Back the Middle-Class Majority One Family at a Time, was published in 2007 and is still in print today.

Success Clues Of Chuck Schumer

“When one has success, the answer is not to undo that success. It is to continue what has been done.”

“Do not let arguments of expediency persuade you. That is the slow road to oblivion. That is the tortured path to undoing step by step, bit by bit, as the river creates a canyon, the way of life that we love.”

Featured Schumer's Best Quotes Quotes

Chuck Schumer Net Worth
"America is a place where we all come together. It is a place of consensus."
Chuck Schumer Net Worth
"Giving up even an ounce of precious freedom is a very serious thing to do."
"Inaction is perhaps the greatest mistake of all."


Through the course of his career, Schumer has had political opinions that span the spectrum from more progressive to more conservative. On the side of the former, he supports abortion rights, marriage between people of the same gender, strong gun control legislation, and attempts to legalize marijuana at the federal level. Additionally, he is in favor of same-sex marriage.

He earned $900 thousand over the course of his career.

Scam Risk