Senator Chuck Schumer Has a Pretty Staggering Net Worth Given His Salary
Chuck Schumer's net worth is surprisingly high.
Published March 13 2025, 1:21 p.m. ET
Senate minority leader Chuck Schumer has been in the Senate for more than 20 years, and in that time, he has become one of the most powerful men in Washington. The current Senate minority leader is also one of the wealthiest men in the Senate, and he accumulated that wealth carefully.
As he negotiates with Republicans and works to get his party back into power, many want to know more about Schumer's overall net worth. Here's what we know.
What is Chuck Schumer's net worth?
Chuck Schumer's net worth is estimated to be in excess of $60 million, with much of that money coming from opportunities out of his relatively modest Senate salary.
Instead, that money comes from savvy real estate investments that he made early in his career, some of which he was afforded because of his political connections.
Chuck Schumer
Senior Senator from New York
Net worth: $60 million
Senator Chuck Schumer is the Democratic minority leader in the Senate, and has represented New York in the Senate since 1998. A New York City native, he is also the longest-serving senator in the history of the state. During his time as majority leader under the Biden administration, he shepherded through key parts of the president's agenda.
Birth date: Nov. 23, 1950
Birthplace: New York City, New York
Birth name: Charles Ellis Schumer
Father: Abraham Schumer
Mother: Selma Schumer
Schumer has also benefited from the wealth of New York, which is a financial hub for the world. He has leveraged his political connections smartly to accumulate an impressive net worth.
Ultimately, though, Schumer is a creature of Washington, although it's unclear whether he plans to run for another term in office when his ends in 2028.
Chuck Schumer's salary is standard for a senator.
For his work in the Senate, Schumer is paid $174,000 per year, which is certainly not a small salary, but doesn't account for his massive net worth.
Over the more than 25 years since he was first elected to the Senate, Schumer has seen plenty of change and upheaval in Washington. His long term in office is part of why he has risen up the ranks to become the minority leader, but it also means that he is now 74 years old and likely approaching the end of his political career.
Of course, several senators have been unwilling to give up their seats, and have chosen to serve all the way into their nineties. Schumer has not said whether he plans to run again or not. What's more, it's hard to understand what motivates a man as wealthy as he is to continue working in a grueling job well into their eighties.
Schumer could retire at 78 (a reminder that some people retire at 55), and it would still have been a long, accomplished career. It's also possible, though, that he could decide to run for another term in a relatively safe seat and decide to continue leading his caucus as he moves into his eighties.