New Jersey Senator Bob Menendez Has Been Found Guilty — What's His Net Worth?
"I am hopeful that my exoneration will take place this summer," said Sen. Bob before his corruption trial.
Updated July 16 2024, 1:11 p.m. ET
If you’re a United States senator, you’re pulling in $174,000 a year to represent the great people of your state. It seems like a pretty good salary, especially since there’s nothing preventing senators or member of the House from also playing the stock market or keeping the day job as a lawyer.
Senior United States senator from the state of New Jersey Bob Menendez has just been found guilty for bribery, extortion, fraud, obstruction of justice, and acting as a foreign agent, per ABC News. According to prosecutors, the senator accepted hundreds of thousands of dollars in bribes in cash, gold bars, mortgage payments and a luxury car. It seems like $174,000 a year just wasn't enough for Senator Bob.
What's his net worth?
What is Senator Bob Menendez's net worth? He was doing just fine before allegedly accepting gold bars.
According to Celebrity Net Worth, the senator from the state of New Jersey is worth around $600,000, which is surprisingly low for a federal politician. That does not factor in the $500,000 in cash or 13 gold bars found in the FBI raid.
Bob Menendez
Politician, Lawyer
Net worth: 600,000
Bob Menendez is the senior United States senator from New Jersey and, in July 2024, was found guilty of 16 different charges including conspiracy to commit bribery and conspiracy to obstruct justice. He could be facing a maximum prison sentence of 222 years.
Name: Robert Menendez
Birthdate: Jan. 1, 1954
Birthplace: New York City, NY, US.
Father: Mario Menéndez
Mother: Evangelina Menéndez
Spouses: Jane Jacobsen (m. 1976; div. 2005), Nadine Arslanian (m. 2020)
Children: Alicia Menendez (born 1983), Rob Menendez (born 1985)
Grandchildren: 4
How do you say no to 13 gold bars valued at $50,000 a piece? Well, you should probably say no if it’ll possibly cost you your job, marriage, and freedom.
Though he’s not exactly slumming it, Bob is far from rich compared to his colleagues. According to Ballotpedia, the average net worth for a senator is $14,013,596. The average net worth for senator in the Democratic party is slightly less at $13,566,333.
On March 21, 2024, the senator released a nearly 10-minute-long YouTube video proclaiming his innocence and asked for judgment to be withheld. He also brags about the amount of money he's advocated for New Jersey residents, specifically related to COVID-19 and Superstorm Sandy.
He also announced, "I am hopeful that my exoneration will take place this summer and allow me to pursue my candidacy as an independent Democrat in the general election."
However, as it turns out, "The FBI found gold bars and more than $400,000 in cash stashed in places including jackets and shoes throughout his home," per ABC News.