Rand Paul is one of the top 10 primary candidates running for President in the 2016 election. According to Celeb Net Wealth, Paul has an estimated net worth of $2.5 million. Read on for our 5 Fast Facts on his net worth below.
1. Paul Made Money As A Doctor Prior To Entering Politics
Rand Paul got his M.D in Duke University School of Medicine in 1988 and then in 1993 he completed his residency. Then he worked as an ophthalmologist.
2. He Made Less Money As a Senator Than Most Senators
According to Celeb Net Wealth, Rand Paul didn’t make as much money as a senator compared to others. The site reports:
As an American senator, Rand Paul net worth is low compared to other US senators. In 2012 Rand Paul income was $300,000 from his salary as a senator $174,000, book royalties, from Rand Paul PSL, and from rental properties.
3. His List Of Assets Includes His Children
Paul’s reported assets include $100,000 cash in First Security Bank, $15,000 in a 529 plan for William Paul (his son), and $50,000 in 529 plans for Duncan and Robert Paul (his sons). His property assets include one in Bowling Green worth $100,000 with an income of $5,000-$15,000 per year, a Florida property worth $250,000 estimated for rent worth $5,000-$15,000 per year. Additional worth includes $1,000-$15,000.
4. Fundraising For His Campaign Has Suffered
According to the Wall Street Journal, Paul’s campaign has lagged in fundraising. A source reports that:
He finds the fundraising distasteful and hasn’t put in the investment.
The WSJ writes:
He raised $2.1 million in this year’s second quarter from donors who gave $200 or more, less than the $2.3 million his father received in same period in 2012. Mr. Paul also transferred $1.6 million from his Senate campaign accounts to boost his total fundraising to $6.9 million.
There is no substantial donor for his campaign, so he’s had to rely on small donors.
5. The Head Of Rand Paul’s Super PAC Has Been Indicted
Three former staffers of Rand Paul’s father’s 2012 campaign have recently been indicted and one of them, Jesse Benton, is Rand Paul’s current head of Super PAC. According to the Huffington Post:
The three allegedly engaged in a conspiracy to conceal payments made to an Iowa state senator in exchange for his support of the elder Paul’s campaign, according to prosecutors.
This comes at a bad time for Rand Paul in his own presidential campaign.