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U.S. Senator Ted Cruz, Republican of Texas, speaks at the First in the Nation Leadership Summit in Nashua, N.H., April 18, 2015.
Ted Cruz net worth: Texas Republican Ted Cruz's net worth became the subject of debate in 2012. That's when Cruz and his wife, Heidi, poured their entire life savings into his campaign.
This hefty donation, however, paid off.
Cruz has been one of two Lone Star State senators since 2012 (the other is Republican John Cornyn) – and certainly the most famous of the duo.
He's particularly notorious for being an outspoken champion of abolishing the Dodd-Frank Law. Cruz adamantly claims that the regulations of the law hurt banks and other businesses.
But the banks holding Cruz's assets and savings certainly don't seem to be hurting. According to the Center for Responsive Politics, Ted Cruz's net worth is currently an estimated $3.2 million.
Here are a couple more details about Ted Cruz's net worth:
- Cruz reported assets in investments for the calendar year 2013 (filed in 2014 – the latest data available) that included a "Loan to Ted Cruz for Senate" valued at $500,001 to $1 million.
- According to a June 3, 2013, report posted on Political Moneyline, Cruz also listed two loans received in 2012 (reported on a 2013 financial statement in 2014) as liabilities. One was a credit loan from Citibank (NYSE: C) for $250,001 to $500,000; the other was a margin loan of $250,001 to $500,000 from Goldman Sachs Group Inc. (NYSE: GS).
It will be interesting to peek at the next financial disclosure from Ted Cruz – CNN Politics just reported on July 25 that the politician received $15 million in support from two low-key Texas billionaires. Farris Wilks and Dan Wilks, who gathered their wealth in the fracking industry, donated the money to Cruz's super PAC "Keep the Promise," which will disclose its total election filings later this week.
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