Is AOC worth $29 million or broke? US representative’s portfolio revealed

There has been much debate over the net worth of Alexandria Ocasio-Cortez (AOC) in recent weeks, with posts claiming that she has amassed more than $29 million since her election as a congresswoman in 2019.

The articles mentioned usually cite CAknowledge.com as a source of information. On March 23, the site published a report claiming that her net worth exceeded $29 million.

Since then, however, these claims have been exposed as false, especially by a Reuters fact check Article from August 9th.

How rich is AOC?

According to her most recent financial disclosure in 2021, AOC has assets ranging from $3,003 to $45,000, including a 401k retirement plan, and has student debt of about $15,000.

A closer look at her assets reveals that she has between $1,001 and $15,000 in a checking account, between $1,001 and $15,000 in a brokerage account, and that she has up to $15,000 invested in her 401k retirement plan.

Did AOC make stock transactions?

Since taking office in 2019, the Democratic congresswoman from New York has not made any stock trades.

Conversely, Ocasio-Cortez joined forces with her Republican colleague, Congressman Matt Gaetz, to introduce a “bipartisan Restore Trust in Government Act” on April 28, 2023, which aims to prevent members of Congress from investing in securities such as stocks and bonds or commodities such as oil.

Instead, politicians would be forced to place their investments in a “blind trust” that operates based on information that insiders do not possess, or divest from their investments within 90 days of the law taking effect.

If US politicians fail to comply, they face fines of up to $50,000.
However, according to the bill’s progress tracker on the official Congress website, the House of Representatives has yet to vote on the bill, even though it was introduced over a year ago.