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Fact Check – No Evidence That Alexandria Ocasio-Cortez Has A Net Worth Of $29 Million

There is no evidence that Congresswoman Alexandria Ocasio-Cortez has a net worth of $29 million, despite claims online that the figure was published by Forbes magazine. Forbes denied publishing the $29 million figure and no other reliable sources for the claim were cited.

Ocasio-Cortez’s most recent financial disclosure, filed in 2021, shows she had between $3,003 and $45,000 in assets, including her 401k retirement plan, and owed at least $15,000. student debt.

Social media posts and articles have claimed Ocasio-Cortez has a net worth of $29 million (here), (here), (here), (here), (here), (here), ( here), (here), (here), often including a list of supposed assets. Most cite as their source an article (here) on CAknowledge.com, a website that previously made unsubstantiated claims – debunked by Reuters – about Jen Psaki’s earnings (here).

The CAknowledge article, titled “Alexandria Ocasio-Cortez Net Worth 2022 (Forbes) AOC Assets Salary Cars House,” does not indicate her source of information, other than the reference to Forbes in the title.

While Forbes regularly publishes the estimated net worth of high profile individuals, there is no online record of this fact for Ocasio-Cortez (shorturl.at/amsY4), (here).

“Forbes has not reported, nor can we confirm Alexandria Ocasio-Cortez’s net worth at this time,” Jocelyn Swift, director of corporate communications at Forbes, told Reuters by email.

Publicly available financial information provided by Ocasio-Cortez does not indicate that she has tens of millions in assets. His latest financial disclosure, filed in 2021, shows his assets are between $1,001 and $15,000 in a checking account, between $1,001 and $15,000 in a brokerage account and between $1,001 and $15,000. invested in a 401K plan (here).

The disclosure also shows she owes the U.S. Department of Education between $15,001 and $50,000 in federal student loan debt, which she incurred between 2007 and 2010 as an undergraduate student at college. Boston University (here). Ocasio-Cortez in 2019 openly referenced owing over $20,000 in student loans (here).

Ocasio-Cortez faced similar claims last year, when it was unsubstantiated that she had become a millionaire (here).

Ocasio-Cortez’s office did not respond to Reuters requests for comment.

VERDICT

No proof. There is no evidence that Congresswoman Alexandria Ocasio-Cortez has a net worth of $29 million. The only source cited for this claim, Forbes, denied making such an estimate.

This article was produced by the Reuters Fact Check team. Learn more about our social media post verification work here

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