Ted Cruz is Worth About $3.6 Million

Texas Republican Is In the Congressional Millionaire Club

U.S. Sen. Ted Cruz
U.S. Sen. Ted Cruz is a millionaire and former candidate for president.  Alex Wong/Getty Images

Ted Cruz's net worth is about $3.6 million, according to an analysis of the personal financial disclosures he has filed with the U.S. Senate. The Republican from Texas, who aspires to be president of the United States, lists more than 30 assets that, combined, are worth at least $2.2 million and as much as $4.9 million.

It is difficult to provide an exact value for Ted Cruz's net worth because members of the Senate are required only to disclose estimates of their holdings. The $3.6 million figure represents an average of minimum and maximum values of his assets in 2016.

Though Cruz's net worth well exceeds the $69,000 net worth of the average American household in the United States, it by no means makes him the wealthiest member of Congress. A Center for Responsive Politics analysis ranked Cruz 41th wealthiest among the U.S. Senate's 100 members in 2015. Cruz was ranked 144th among all members of the House and Senate who filed personal financial disclosures for the 2013 calendar year, according to Roll Call

Among Cruz's earnings in 2016 was advance from book publisher HarperCollins for more than $271,000, according to his personal financial disclosure form for that year, which is publicly available through the U.S. Senate.

Cruz's Net Worth Becomes a Campaign Issue

Cruz's net worth became the subject of discussion during his 2012 campaign for U.S. Senate when he and his wife, Heidi, dropped their entire savings of $1.2 million into that election. “Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” Cruz said, recounting his conversation for The New York Times in October 2013. “What astonished me, then and now, was Heidi within 60 seconds said, ‘Absolutely,’ with no hesitation."

Despite his status as a millionaire and his position in the wealthiest top-third of Congress, Cruz has been a vocal critic of growing gap between the richest and poorest Americans and bemoaned the fall of the middle class. Responding to Obama's State of the Union speech in 2015, he said:

"The facts are we're facing right now a divided America when it comes to the economy. It's true that the top one percent are doing great under Barack Obama. Today, the top one percent earn a higher share of our national income than any year since 1928. The sad reality is, with big government, under the Obama administration, the rich and powerful, those who walked the corridor of power in the Obama administration have gotten fat and happy. But working men and women across this country, we have the lowest labor force participation since 1978 the reason the unemployment rate keeps falling is millions of people keep dropping out of the work force all together."

Comparison to Hillary Clinton and Barack Obama

Cruz sought the Republican presidential nomination in 2016. His net worth paled in comparison to that of reported billionaire Donald Trump, who ultimately won the nomination and the presidency. Cruz was also worth less than former U.S. Sen. and onetime Secretary of State Hillary Clinton. At the time, Clinton was is worth at least $5.2 million and as much as $25.5 million, according to personal financial disclosures she filed in 2012. 

Cruz Made Money As a Private Practice and Government Lawyer

Before Cruz entered the Senate in 2013 he served in statewide office in Texas, as solicitor general. He served in that capacity from 2003 until May of 2008. During that time he also taught U.S. Supreme Court Litigation as an adjunct law professor of Law at the University of Texas School of Law.

From 2001 to 2003, Cruz worked as the director of the Office of Policy Planning at the Federal Trade Commission and as and associate deputy attorney general at the U.S. Department of Justice. He was in private practice before that.
Cruz's wife is a managing director at the investment firm Goldman Sachs.

Ted Cruz's Salary and Investments

As a member of the U.S. Senate, Cruz is paid a base salary of $174,000. He is invested heavily in the oil and gas industries, and holds dozens of other securities and investments, according to the Center for Responsive Politics.