New Jersey Senator Bob Menendez's Net Worth Is Low for a Senator — Even With the Gold Bars
"I am hopeful that my exoneration will take place this summer," said Sen. Bob before his corruption trial.
May 16 2024, Published 3:25 p.m. ET
If you’re a United States senator, you’re pulling in $174,000 a year to represent the great people of your state. It seems like a pretty good salary, especially since there’s nothing preventing senators or member of the House from also playing the stock market or keeping the day job as a lawyer.
Senior Unites States senator from the state of New Jersey Bob Menendez is currently on trial for bribery, extortion, fraud, obstruction of justice and acting as a foreign agent. According to prosecutors the senator accepted hundreds of thousands of dollars in bribes in cash, gold bars, mortgage payments and a luxury car. It seems like $174,000 a year might not be enough for Sen. Bob.
Senator Bob Menendez was doing just fine before allegedly accepting gold bars.
According to Celebrity Net Worth, the senator from the state of New Jersey is worth around $600,000. That does not factor in the $500,000 in cash or 13 gold bars found in the FBI raid.
Bob Menendez
Politician, Lawyer
Net worth: 600,000
Bob Menendez is the senior United States senator from New Jersey and currently on trial for 16 different charges including conspiracy to commit bribery and conspiracy to obstruct justice. It is his second corruption trial, the last trial was deadlocked in 2017. If convicted of all 16 counts, he would face a maximum prison sentence of 222 years. He could also be disqualified from holding public office if convicted of bribery.
Name: Robert Menendez
Birthdate: Jan. 1, 1954
Birthplace: New York City, NY, US.
Father: Mario Menéndez
Mother: Evangelina Menéndez
Spouses: Jane Jacobsen (m. 1976; div. 2005), Nadine Arslanian (m. 2020)
Children: Alicia Menendez (born 1983), Rob Menendez (born 1985)
Grandchildren: 4
How do you say no to 13 gold bars valued at $50,000 a piece? Well, you should probably say no if it’ll possibly cost you your job, marriage, and freedom.
Though he’s not exactly slumming it, Bob is far from rich compared to his colleagues. According to Ballotpedia, the average net worth for a senator is $14,013,596. The average net worth for senator in the democratic party is slightly less at $13,566,333.
On March 21, 2024, the senator released a nearly 10-minute-long YouTube video proclaiming his innocence and asked for judgment to be withheld. He also brags about the amount of money he's advocated for New Jersey residents, specifically related to Covid and Superstorm Sandy. He also announced, "I am hopeful that my exoneration will take place this summer and allow me to pursue my candidacy as an independent Democrat in the general election."