Bill de Blasio’s Net Worth Forbes: How Much Money Does The Politician Make, Why Is He So Rich?

Former Mayor of New York City, Bill de Blasio has made an impressive fortune over the years. What is his current net worth?

First elected as mayor of New York City in 2013, de Blasio left office on Jan. 1, 2022, making way for new Mayor Eric Adams, who was sworn in after the New Year’s Eve midnight ball drop in Times Square in the first minutes of 2022.

As 2021 neared its end, de Blasio filed paperwork indicating he was interested in challenging Gov. Kathy Hochul (who took over in Albany after disgraced former Gov. Andrew Cuomo stepped won), Politico reported at the end of October 2021.

On July 2023, he made the news after he revealed he was separating from his wife after 29 years of marriage and having welcomed 2 children; a daughter and a son together. According to People, the couple are not divorcing but they can date other people.

And while many are shocked by the couple’s decision, others are curious and want to know more about the politician’s fortune: Like, how much is Bill de Blasio worth and why is he rich? Read on for more.

Profile Summary

How rich is Bill de Blasio?

Bill de Blasio was born on May 8, 1961, in Manhattan, New York, United States with the real name Warren Wilhelm Jr.

Although he was born in New York, he actually grew up in Norwalk, Connecticut alongside two brothers. In 1966, his family relocated to Cambridge, Massachusetts. His father and mother eventually split up, and Warren was raised primarily by his mother’s side of the family. By the age of 18, his father had committed suicide while suffering from incurable lung cancer.

After graduating from secondary school in 1979, he attended New York University and studied metropolitan studies eventually earning a Bachelor of Arts. He then continued his education and earned a Master of International Affairs from the School of International and Public Affairs at Columbia University. By 1983, Warren changed his last name to Blasio-Wilhelm. Eventually, he changed his name to Bill de Blasio in 2001, mostly because he felt a greater connection with his mother’s side of the family.

Bill’s family has very strong roots in the US government. His paternal uncle worked for the CIA in Iran. His mother served in the Office of War Information during the Second World War, and his father became a budget analyst for the federal government after fighting in the Pacific theater with the United States Army. After the war, his mother worked as a public relations specialist with the Italian consulate.

Now, de Blasio is a famous American politician and a member of the Democratic Party having served as the 109th mayor of New York City from 2014 to 2021.

View this post on Instagram

A post shared by Bill de Blasio (@billdeblasio)

What is Bill de Blasio’s net worth? Bill de Blasio is a Democratic American politician who has a net worth of $3 million. De Blasio accrued his fortune from politics, acting, and other endeavors. He is best known for being the 109th mayor of New York, a position he was elected to in 2014. As mayor of New York City, he earned an annual salary of $260,000 per year.

Prior to being elected mayor, he served as the New York City Public Advocate from 2010 to 2013. After graduating from university, he entered the political world when he served as campaign manager for Charles Rangel and Hillary Clinton. He was then elected as an official to the New York City Council, representing Brooklyn from 2002 to 2007.

After being elected mayor, de Blasio has focused on a number of key issues. These include police reform, marijuana decriminalization, less surveillance, and many others. He is generally considered a progressive liberal who has fought to address economic equality. During the run-up to the 2020 Presidential Elections, de Blasio briefly ran in the Democratic primaries before dropping out due to low poll numbers. He then endorsed Bernie Sanders.

Since serving as the mayor of New York City, Bill’s political career has stalled. In June, the city of New York fined the former mayor $475,000 for misuse of his NYPD security detail, according to the New York Post. The complaint alleges that Bill, without authorization, enlisted his security detail for 31 out-of-state trips in 2019.

In 2020, Bill launched an unsuccessful presidential bid which he now admits led to the deterioration of his marriage to Chirlane. “I thought it was a distraction,” Chirlane told the Times. She went on to explain that although she was unhappy with her husband’s decision, she tried to remain supportive. Adding, “That’s part of the difficulty of being part of a package.”

Bill further suggests that his 2014 to 2021 term as mayor also caused a strain in the couple’s relationship. The politician explained that the pandemic, combined with his increased responsibilities as the mayor, became “overwhelming.” “That kind of took away a little bit of our soul…It made me emotionally very needy.”

Acting career: Per IMDb, de Blasio is an actor, known for The Good Wife (2009), Horace and Pete (2016), and Springfield of Dreams: The Legend of Homer Simpson (2017).

Real Estate: De Blasio has been extremely active in the real estate world over the course of his political career, and these activities have raised some questions. In 2019, Bill oversaw the city’s purchase of 17 buildings in Brooklyn. When the city first appraised the buildings, they were assessed at a total value of $50 million. When a private appraiser looked at them, he gave a value of $143 million. The city ended up paying $173 million – far more than anyone could have expected.

So why the increased price? Many reporters pointed out that the identity of the landlords who were selling the buildings might have something to do with it. One of these landlords was Frank Carone, a longtime ally of de Blasio who holds a seat on the mayor’s federal political action committee. He helped de Blasio rack up a number of important donations. The corruption concerns here were quite obvious.

The mayor faced controversy once again when it was revealed that he paid just $9,000 in property taxes per year on two homes he personally owns that are worth over $3.5 million. The property tax normally should come to around $35,000 per year. This was due to the city’s property tax system that gives special treatment to older properties. One of his homes was worth $1.76 million. Another property in the same area is worth an estimated $1.88 million. The pair have rented these properties out in the past for up to $1,825 per month. Ironically, Bill de Blasio himself has criticized this tax system in the past, calling it “unfair.”

Why are Bill de Blasio and Chirlane McCray separating? the politician admits his career played a part in his failed marriage.

Bill de Blasio and his wife, Chirlane McCray, are separating after 29 years of marriage. In an interview with The New York Times, the politician explained that they plan to remain in their shared Brooklyn home but will be open to dating other people. Bill also shared the news on Twitter, writing, “Even at this moment of change, this is a love story.”

And despite previously identifying as a lesbian, Chirlane has since shied away from labels. “I believe there is a fluidity that we are only just now growing to be more accepting of and aware of,” she told Broadly Meets.

Since then, the pair have become one of the most notable interracial couples in political history. During the 2013 Democratic primary, Chirlane was a visible presence during Bill’s campaign stops – often prompting backlash from his opponents.

And while the de Blasio family was once a happy unit, Bill and Chirlane have decided to split. Bill admits he had fears about Chirlane’s sexual orientation.

Bill and Chirlane welcomed their first child in 1994 and their second just three years later, Oprah Daily reports. Throughout their marriage, Chirlane continuously addressed speculation about her sexual orientation. Now, Bill has spoken out about the pair’s union and explained that he also had fears about dating Chirlane.

“There was a part of me that would at times say, ‘Hmmm, is this like a time bomb ticking? Is this something that you’re going to regret later on?’” he said during the couple’s interview with the Times. “So I always lived with that stuff.”