**Andrew Cuomo: From Governor to Mayoral Hopeful – A Wealthy Journey**
Andrew Cuomo, the former governor of New York, is making headlines once again, not just for his political ambitions but also for the astonishing growth of his wealth. It’s a story that takes one from the middle-class streets of Queens to the corridors of power and back again, but with quite a few colorful twists along the way.
Back in 2017, Cuomo was proudly touting his achievements in education as he signed legislation that offered tuition-free college at public universities for families earning less than $125,000 a year. He presented himself as a man of the people, a self-proclaimed product of Queens. Ironically, just a few years later, even as he promoted middle-class ideals, his financial disclosures revealed a different story. He had between $1.75 and $2 million stashed away in a blind trust—a healthy amount, but perhaps not shocking for a seasoned politician heading one of the largest states in America.
Fast forward to today, and Forbes estimates Cuomo’s net worth to be around $10 million. That’s quite a leap! It seems the resignation scandal that rocked his governorship didn’t keep him down for long. During the height of the pandemic, he signed a whopping $5.2 million book deal, a sweet payday that most authors would dream of! Not one to rest on his laurels, he returned to a lucrative legal practice in 2022, proving that the former governor knows how to bounce back.
In an interesting move, Cuomo joined the advisory board of a nuclear energy company, earning stock options valued at over $4 million. It’s worth noting that while many politicians flaunt their real estate holdings, Cuomo is opting for a more urban lifestyle, shelling out a whopping $8,000 a month for a two-bedroom apartment in the hustle and bustle of Midtown Manhattan. Talk about priorities! While he may not be cashing in on the booming property market, he certainly knows how to make his money work for him in other ways.
Now, as he sets his sights on a political comeback, Cuomo is gearing up to run for mayor of New York City, vying for a spot in the Democratic primary. Despite facing strong competition from state assembly member Zoran Mdani, the race is still heating up, with plenty of cash flowing in from deep-pocketed donors, including a whopping $8 million from former mayor Michael Bloomberg. The stakes are high, and if he doesn’t secure the nomination, he’s hinted at switching party lines, which could lead to a chaotic four-way race.
Born into political lineage in 1957, Cuomo’s journey began as a gubernatorial aide before pivoting to law and eventually ascending the political ladder. He has held significant positions, including Secretary of the Department of Housing and Urban Development under President Clinton. While his past books may not have set the literary world on fire (his first selling a mere 161 copies), his pivot to the political drama of the pandemic certainly brought him back into the spotlight—and into the cash flow.
Andrew Cuomo’s financial and political saga offers a glimpse into the life of a modern politician, accumulating wealth while navigating the ups and downs of public service. Whether he’ll reclaim his status as a major player in New York politics remains to be seen, but if one thing is clear, it’s that this former governor has a knack for bouncing back—both in fortune and ambition. Only time will tell if voters are ready to give him another shot!
