Fact Check: AOC is worth 13 million
What We Know
The claim that Alexandria Ocasio-Cortez (AOC) has a net worth of $13 million has been circulated in various articles and social media posts. According to a report from Lawyersclubindia, AOC's net worth is estimated at $13 million as of 2024, with claims that she earns $1.6 million annually from investments and other business ventures. This report details her financial assets, including bank accounts and investments in major corporations like Pfizer and Amazon.
However, a fact check by Reuters reveals a starkly different picture. Ocasio-Cortez's most recent financial disclosure, filed in 2021, indicates that she had assets ranging from $3,003 to $45,000 and owed at least $15,000 in student debt. The report highlights that many claims about her net worth, including the inflated figure of $29 million, stem from unreliable sources, particularly an article from CAknowledge.com, which has been previously debunked.
Analysis
The claim of AOC's $13 million net worth primarily relies on sources that lack credibility and transparency. The article from Lawyersclubindia does not provide verifiable evidence or reliable sourcing for its financial claims, which raises questions about its accuracy. Furthermore, the assertion that AOC has significant investments and income from various businesses is not substantiated by her official financial disclosures.
In contrast, the Reuters fact check provides a more reliable account based on AOC's official financial disclosures. These disclosures are legally required and offer a clearer view of her financial situation. The discrepancy between the two sources suggests that the $13 million claim is likely exaggerated or entirely false.
Additionally, the claim's propagation through social media and less reputable websites indicates a pattern of misinformation, as noted by Business Insider. The article emphasizes that AOC's financial situation is often misrepresented, and the reality is that she has a relatively modest net worth compared to the claims made.
Conclusion
Verdict: False
The claim that Alexandria Ocasio-Cortez has a net worth of $13 million is false. Reliable sources, including her official financial disclosures, indicate that her actual net worth is significantly lower, estimated between $3,003 and $45,000, with student debt also reported. The inflated figures circulating in various articles lack credible evidence and are based on unreliable sources.
