REPORT: Here’s how Bernie Sanders made his millions

CNBC:

It turns out even democratic socialist authors can rake in cash. Just ask Bernie Sanders.

The independent senator from Vermont has enjoyed a recent windfall driven by book deals. In both 2016 and 2017, Sanders and his wife, Jane, had adjusted gross income of about $1.1 million, according to tax returns his 2020 presidential campaign released last month. The couple followed it up with about $560,000 in income last year.

The totals mark a stark increase from 2015, when they made roughly $240,000.

So just what made Bernie and Jane Sanders millionaires?

Book royalties

  • In 2018, Bernie Sanders reported more than $390,000 in book royalties.
  • He more than doubled the haul in both 2016 and 2017, taking in about $850,000 each year from books.
  • Jane Sanders added about another $106,000 in book income in 2017.

Senate salary

  • Sanders makes a $174,000 annual salary as a senator.
  • The couple’s returns list taxable wages at $130,000 to $140,000 from 2016 through 2018.

Assets and liabilities

  • The couple had assets valued at $472,000 to $1.3 million last year, according to a Senate financial disclosure form.
  • A chunk of it, worth $250,001 to $500,000, sits in bank accounts at the U.S. Senate Federal Credit Union.
  • Much of the wealth comes from mutual funds and annuities held by Jane Sanders.
  • They list one liability: a mortgage estimated at $250,001 to $500,000. Sanders has three homes: He most recently sparked criticism when he bought a $575,000 summer house on Lake Champlain in Vermont. It is unclear which house has a mortgage.

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