Sun. Jul 21st, 2024

Andrew Cuomo Net Worth | Celebrity Net Worth

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What is Andrew Cuomo’s net worth?

Andrew Cuomo is an American politician who has a net worth of $5 million. Andrew Cuomo is best known for serving as the 56th Governor of New York. He assumed office on 1 January 2011. He announced his resignation in August 2021 amid the sexual harassment scandal. Andrew is the son of the late former three-term governor of New York, Mario Cuomo, and brother of CNN correspondent Chris Cuomo.

money statement

Back in 2010, when he was NY’s attorney general, Andrew released the first detailed report of his personal wealth. According to that report Andrew earned $1 million per year in 2004 and 2005 while he worked as a consultant to real estate tycoon Andrew Farkas. His 2013 financial disclosures reported a net worth ranging from at least $1.75 million to $3 million. His 2015 revelations showed $650,000 in book royalties from his memoir. In 2020 he was paid $5 million for a book about leadership in the time of the COVID crisis. He reportedly received an advance of $3 million and expects to receive an additional $2 million over time.

early life

Andrew Mark Cuomo was born on December 6, 1957, in Queens, New York City, to Mario Cuomo, a lawyer who later became three-term governor of New York and Matilda Cuomo. Mario Cuomo’s parents, Andrea and Imacolata Cuomo, both emigrated from Italy to the United States. The emigration of Andrea took place in 1926 and the emigration of Imacolata in 1927. His brother Chris is a correspondent for CNN. Her sister Maria Cuomo Cole is a producer of social impact films at Cuomo Cole Productions and is married to fashion designer Kenneth Cole. His other sister Margaret is a doctor. Cuomos is of Italian descent. Andrew’s grandparents were from southern Italy and his maternal grandfather was from Sicily. Andrew graduated from St. Gerard Majela’s School in 1971 and Archbishop Molloy High School in 1975. He received his BA from Fordham University in 1979 and his JD from Albany Law School in 1982.

livelihood

Andrew Cuomo was his father’s campaign manager during his 1982 campaign for governor of New York. Once Mario Cuomo was elected, Andrew joined his father’s staff as a policy consultant for a salary of $1 per year. Andrew Cuomo was an Assistant District Attorney for New York from 1984 to 1985. He also worked briefly at the law firm of Blutrich, Falcone & Miller. He founded Housing Enterprise for the Lesser Privileges (HELP) in 1986 and left his law firm in 1988 to run HELP full-time. From 1990 to 1993, Cuomo was the chairman of the New York City Homeless Commission, which was charged with developing policies. Addressing the problem of homelessness in the city and developing more housing options.

In 1993, Cuomo joined the Clinton administration as assistant secretary of community planning and development at the U.S. Department of Housing and Urban Development. Cuomo was Secretary of Housing and Urban Development from 1997 to 2001. He ran unsuccessfully for governor in 2002 and became attorney general of New York from 2006 to 2011.

When Hillary Clinton became President Obama’s choice for US Secretary of State, then-Governor of New York, David Patterson, was accused of appointing a temporary replacement until a special election. Cuomo was seen as a leading contender for the appointment. On 23 January 2009, Patterson announced that he would appoint Kristen Gillibrand to the US Senate.

Cuomo was the Democratic nomination for governor and defeated Republican Carl Paladino in 2010. He was re-elected for a second term in 2014. In 2018, in the 2018 gubernatorial election, Cuomo was challenged in the primary by Sex and the City from the left. Actress and activist Cynthia Nixon. Cuomo defeated Nixon by 65.53%-34.47%. In November 2018, Governor Cuomo was re-elected with the largest number of votes for any governor in both the primary and general elections, defeating Republican challenger Mark Molinaro by a margin of 59.6%–36.2%.

During his rule, Cuomo oversaw the passage of legislation legalizing same-sex marriage in New York; the creation of the United States Climate Coalition, a group of states committed to fighting climate change by complying with the terms of the Paris Climate Agreement; Passage of the strictest gun control law in America; Medicaid expansion; a new tax code that raised taxes for the rich and lower taxes for the middle class; a $15 minimum wage, the strongest paid family vacation program in the country; wage parity; and the law legalizing medical marijuana. Cuomo introduced Excelsior Scholarships in the 2018 budget, a provision that allows families earning less than $125,000 in 2019 to receive free tuition at all SUNY and CUNY universities.

Books

In 2003 Andrew wrote a book titled “Crossroads: The Future of American Politics”. In 2014 he wrote “All Things Possible: Setbacks and Success in Politics and Life”. It was later reported that the book sold less than 4,000 hardcover copies.

In October 2020 Andrew released a book titled “The American Crisis: Leadership Lessons From the COVID-19 Pandemic”. In March 2021, The New York Times reported that Cuomo was seeking a $4 million advance for the rights to the book, which was eventually acquired by Crown Publishing Group. Asked for comment by the Times, Crown would not confirm or deny that the advance was slightly more than $4 million as indicated by their sources. The Times article further alleged that Cuomo used his staff to aid the book, which has apparently sold less than 50,000 hardcover copies.

Tax records would later show that Andrew would earn about $5 million for the book, with roughly $3 million in 2020 and $2 million in the years to come. That same tax record shows that Cuomo donated $500,000 of proceeds to charity.

(Photo by Drew Anger/Getty Images)

personal life

Andrew was previously married to Kerry Kennedy, daughter of Robert F. Kennedy. They married on June 9, 1990. They have three daughters: twins, Cara Ethel Kennedy-Cumo and Maria Matilda Kennedy-Cumo (born 1995), and Michaela Andrea Kennedy-Cumo (born 1997). They separated in 2003 and divorced in 2005. He began dating Food Network host Sandra Lee in 2005, and in 2011 the couple moved in together. Both lived in Westchester County, New York. In September 2019, the couple announced that they had ended their relationship.

On July 4, 2015, Cuomo presided over the wedding ceremony of his longtime friend Billy Joel’s fourth wife, Alexis Roderick.

In March 2020, Cuomo was being interviewed by his brother Chris Cuomo on CNN about the coronavirus outbreak. Andrew discussed New York’s response to the coronavirus outbreak and looked at the possibility of enforcing a curfew to keep residents inside. “I don’t like the word curfew. Dad tried to impose curfew for me and I never let go of the resentment,” Andrew said. Chris replied: The least of your problems was your problems with the curfew. That’s all you know.” After a back-and-forth joke, Chris added: “…No matter how hard you try, there’s always a time to call mom. She wants to hear from you. just so you know.”

governor salary

As governor of New York, Andrew Cuomo earned a salary of $200,000 a year.

Resignation

On August 10, 2021, Andrew announced that he was resigning as governor in the wake of a sexual assault scandal that plagued much of the past several months of his term. A few weeks ago, the New York Attorney General issued a report claiming that Cuomo sexually assaulted multiple women and retaliated against a former employee. He was facing demands for his resignation for months. Adding to their problems was a controversy over public reporting of nursing home deaths during the worst part of New York’s COVID crisis. The attorney general claimed that Cuomo’s administration has reduced nursing home deaths by 50%.


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