Bogdan Stojkov
Although everyone is raving about her aide being arrested under charges of espionage, did you ever wonder about Kathy Hochul’s net worth? In this piece, we explore her finances, assets, and investments, as well as all other relevant details.
Who is Kathy Hochul?
Kathy Hochul is the current Governor of New York, having assumed office on August 24, 2021. She is the first female governor of New York and the first governor from Upstate New York since 1920. Before becoming governor, Hochul served as the Lieutenant Governor of New York from 2015 to 2021.
Hochul has a background in law and politics. She previously served as a US Representative for New York’s 26th congressional district from 2011 to 2013. She also held various local government positions, including Erie County Clerk and a member of the Hamburg Town Board.
Kathy Hochul’s net worth
According to Crix11, Kathy Hochul’s net worth is around $2 million. She is one of the highest-paid governors in the US, with her annual salary being $250,000.
Disclaimer: This article provides an estimated net worth derived from publicly available sources, as we do not have access to Kathy Hochul’s complete financial disclosures. As such, this figure should be considered an approximation.
How did Kathy Hochul make his money?
Kathy Hochul’s wealth primarily comes from her career in public service and her husband’s professional endeavors. Here’s a brief breakdown of her income sources:
- Public service: Hochul has held various government positions, including US Representative, Erie County Clerk, and Lieutenant Governor of New York;
- Governor’s salary: As the Governor of New York, she earns an annual salary of $250,000, which is one of the highest in all the USA;
- Investments: According to her financial disclosure report, Hochul and her husband, William Hochul, have stock investments in companies like Alphabet (NASDAQ: GOOGL), Pepsi (NASDAQ: PEP), (Costco (NASDAQ: COST), Microsoft (NASDAQ: MSFT), BlackRock, Inc (NYSE: BLK), etc.;
- Husband’s career: William Hochul is a former US Attorney and currently serves as Senior Vice President, General Counsel, and Secretary at Delaware North, a global hospitality and food service company;
- Real estate: The couple owns multiple properties, including their primary residence in Buffalo, New York.
Controversies
Kathy Hochul has faced several controversies during her tenure as Governor of New York. One major issue is her plan to implement congestion pricing in New York City, which aims to reduce traffic and fund public transportation. The proposal has faced significant opposition, particularly from lawmakers and residents of Long Island.
In May 2024, Hochul made a controversial remark about Black children in the Bronx not knowing the word computer, which was criticized for perpetuating negative stereotypes. Although she apologized, the comment led to protests and demands for more investment in technology and education in the Bronx.
Additionally, the arrest of her former aide, Linda Sun, on charges related to acting as an agent for the Chinese government has raised concerns about the vetting process for staff and potential security risks.
The bottom line
With around $2 million next to her name, Kathy Hochul’s net worth stands solid, especially compared to average Americans of her age. Nevertheless, she’s nowhere near the richest US Governors and politicians in general.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
