for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Fact Check-No evidence 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 online claims that that figure was released by Forbes magazine. Forbes has denied releasing the $29 million figure and no other reliable source for the claim has been 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 pension plan, and owed at least $15,000 in student debts.

Posts on social media and articles have claimed that 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 of these cite as their source an article (here) on CAknowledge.com, a website that previously made unsubstantiated claims - debunked by Reuters - about the income of Jen Psaki (here).

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

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

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

Publicly available financial disclosures provided by Ocasio-Cortez do not indicate she has tens of millions worth of assets. Her most recent financial disclosure, filed in 2021, shows her assets included 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 Boston University (here). Ocasio-Cortez in 2019 openly referenced owing more than $20,000 in student loans (here).

Ocasio-Cortez was the subject of similar claims last year, when it was baselessly claimed she had become a millionaire (here).

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

VERDICT

No evidence. 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 it made such an estimate.

This article was produced by the Reuters Fact Check team. Read more about our work to fact-check social media posts here

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up