Politics

No, AOC is not worth millions of dollars

Rep. Alexandria Ocasio-Cortez
In 2023, Rep. Alexandria Ocasio-Cortez owned up to $46,000 in assets — and had at least $15,000 in student loan debt — her most recent financial disclosure said. She makes $174,000 a year. Tom Williams/CQ Roll Call via Getty Images
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If you've been online long enough, you've probably come across a post making some sort of claim about Democratic Rep. Alexandria Ocasio-Cortez's net worth or upbringing.

There's a good chance false — the New York congresswoman is a frequent subject of misinformation on politicians' net worths.

In May, a viral post from the outspoken conservative musician Ted Nugent said that Ocasio-Cortez was worth $29 million.

More recently, online commentators have drawn attention to the fact that she was raised in Westchester County, insinuating that she's wealthier than she lets on.

Here's what we do know about Ocasio-Cortez's net worth

The latest public available information on Ocasio-Cortez's net worth is from August 2024, when she filed an annual financial disclosure covering the previous year, 2023.

In that disclosure, she reported owning less than $50,000 in assets and owing between $15,000 and $50,000 in student loan debt. Like other rank-and-file members of the House and Senate, her annual salary is $174,000.

Forbes estimated Ocasio-Cortez's net worth last year was about $125,000, with most of her wealth in a Thrift Savings Plan — a 401(k)-style investment vehicle for government employees that doesn't have to be listed in financial disclosures.

The Forbes estimate was based on the assumption that she'd been putting 5% away and getting matching funds — which would put her account at just over $100,000 this year.

Ocasio-Cortez has frequently taken the time to respond to various claims about her net worth and upbringing.

"I am not even worth $1 million. Or a half million," Ocasio-Cortez wrote in February, responding to a since-deleted post claiming she'd made tens of millions of dollars. "I am one of the lowest net worth members of Congress, trade no individual stock, and take no outside income."

More recently, after Ocasio-Cortez referred to herself as a "Bronx girl," one commentator posted a photo of the house she grew up in, writing that the congresswoman "is no Bronx girl. She's privileged."

"I'm proud of how I grew up and talk about it all the time! My mom cleaned houses and I helped," Ocasio-Cortez replied. "We cleaned tutors' homes in exchange for SAT prep. Growing up between the Bronx and Yorktown deeply shaped my views of inequality & it's a big reason I believe the things I do today!"

You can look this information up yourself

Disclosures filed by House members and senators are available online. They are required to file these documents annually and include information about lawmakers' assets, outside income, debts, and other agreements.

For example, here's the assets portion of Ocasio-Cortez's latest financial disclosure.

Ocasio-Cortez owned assets worth between $3,000 and $46,000 in 2023.
Ocasio-Cortez owned assets worth between $3,000 and $46,000 in 2023, according to her disclosure.  Clerk of the US House of Representatives

It shows four accounts, totaling a maximum of $46,000. The congresswoman reported that she did not own individual stocks and had no outside sources of income.

Sometimes, the disclosures contain interesting nuggets of information. For example, her most recent disclosure showed that trips she took to South America and East Asia in 2023 were paid for by a foundation and a think tank, respectively.

In 2022, she disclosed receiving an engagement ring from her fiancé worth slightly more than $3,000.

While there's a widespread notion that members of Congress enrich themselves through corruption, the reality is generally more mundane. Most often, it's things like book deals that allow lawmakers to make extra cash on the side.

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Bryan Metzger was a senior politics reporter covering Congress, money in politics, and their intersection with business and tech. He worked at Business Insider from July 2021 to May 2026.Previously, he covered money in politics and elections in his home state for New Mexico in Depth. He's also written for POLITICO Magazine.Featured works: