Fact Check: AOC is a Multi-Millionaire
What We Know
Recently, a claim circulated on social media asserting that U.S. Representative Alexandria Ocasio-Cortez (AOC) became a multi-millionaire within four years of her election to Congress. This claim gained traction after a post on X (formerly Twitter) questioned how she achieved millionaire status during her time in office (Check Your Fact). However, financial disclosures from Ocasio-Cortez indicate otherwise. According to her 2023 financial disclosure, she reported having between $3,003 and $45,000 in total assets, which includes funds from three separate bank accounts and a 401(k) plan (Reuters).
Analysis
The claim that Ocasio-Cortez has become a multi-millionaire is inaccurate and unsupported by credible evidence. Her financial disclosures, which are publicly available on the U.S. House of Representatives' website, show that she has not accumulated wealth in the millions. Specifically, her 2023 report indicates that she has no more than $45,000 in total assets, and she is still paying off student loans that range from $15,001 to $50,000 (Snopes, Newsweek).
The sources verifying this information are reliable and well-regarded in the fact-checking community. For instance, Reuters and Snopes are known for their rigorous fact-checking standards. Additionally, Ocasio-Cortez's own campaign website has addressed these claims, reiterating that she does not have a net worth in the millions (OcasioCortez.com).
Conclusion
The claim that Alexandria Ocasio-Cortez is a multi-millionaire is False. Financial disclosures clearly indicate that she does not possess a net worth in the millions, and the information circulating on social media lacks credible support. The evidence shows that Ocasio-Cortez's financial situation is far from what the claim suggests.
Sources
- "Fact Check: Financial disclosures do not show Alexandria Ocasio-Cortez is a millionaire." Reuters
- "FACT CHECK: Did Alexandria Ocasio-Cortez Become A Multi-Millionaire Within Four Years Of Being Elected To Congress?" Check Your Fact
- "AOC Became a Multi-Millionaire After Serving Four Years in Congress?" Snopes
- "Fact Check: No, AOC Is Not a Multimillionaire After Serving in Congress." Yahoo
- "Alexandria Ocasio-Cortez does NOT have a net worth of $29 million." OcasioCortez.com
- "What Is Alexandria Ocasio-Cortez's Net Worth?" Newsweek
