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Net Worth

Maxine Waters Net Worth: Complete Financial Analysis 2024

Executive Summary

Representative Maxine Waters’ net worth is estimated between $2 million to $3.74 million as of 2024, representing significant growth from earlier minimum estimates of $90,000 (2014-2016). Her wealth primarily consists of real estate holdings, particularly her Los Angeles residence, diversified investments, and is offset by substantial mortgage liabilities.

Current Net Worth Estimates

2024 Valuations

  • QuiverQuant: $3.74 million (based on 2023 disclosures)
  • AfroTech: $2 million (2024 assessment)

Historical Estimates

  • 2012: $964,007 (Ballotpedia)
  • 2014-2016: $90,000 minimum (Los Angeles Times analysis)

The substantial variation in estimates reflects different calculation methodologies and the inherent limitations of congressional financial disclosure requirements, which report assets and liabilities in broad ranges rather than specific amounts.

Major Assets Breakdown

Real Estate Holdings

Primary Residence:

  • 549 S. Lucerne, Los Angeles (Windsor Square): $1,000,001 – $5,000,000 range
  • Los Angeles County assessor valuation: $2.4 million
  • Jointly owned with spouse

Additional Properties:

  • 701 W. Barstow, California: $15,001 – $50,000 (jointly owned)
  • 2201 Kirk St., Houston, TX: $1,001 – $15,000 (spouse-owned)
  • Tract Unit 3357, Lot 96, CA (Kern County): $1,001 – $15,000 (spouse-owned)

Investment Portfolio

Mutual Funds:

  • Merrill Lynch: Blackrock Sustainable: $50,001 – $100,000
  • Merrill Lynch: Blackrock Global: $15,001 – $50,000
  • DWS CA Tax Free Fund: $15,001 – $50,000

Other Investments:

  • American Golf Jt. Venture: $100,001 – $250,000
  • Chesapeake Operating LLC: $100,001 – $250,000
  • One United Bank Stock Appreciation Right: $100,001 – $250,000

Key Assets Summary (2023/2022)

Asset NameAsset TypeOwnerValue Range
549 S. LUCERNEReal PropertyJoint$1,000,001 – $5,000,000
AMERICAN GOLF JT. VENTUREInvestmentSpouse$100,001 – $250,000
CHESAPEAKE OPERATING LLCInvestmentSpouse$100,001 – $250,000
ONE UNITED BANKStock Appreciation RightSpouse$100,001 – $250,000
MERRILL LYNCH: BLACKROCK SUSTAINABLEMutual FundSpouse$50,001 – $100,000
701 W. BARSTOWReal PropertyJoint$15,001 – $50,000
DWS CA TAX FREE FUNDMutual FundSpouse$15,001 – $50,000
MERRILL LYNCH: BLACKROCK GLOBALMutual FundSpouse$15,001 – $50,000
2201 KIRK ST. HOUSTON, TXReal PropertySpouse$1,001 – $15,000
CONGRESSIONAL FEDERAL CREDIT UNIONBank AccountMember$1,001 – $15,000
ONE UNITED BANKBank AccountSpouse$1,001 – $15,000
TRACT UNIT 3357,LOT 96,CAReal PropertySpouse$1,001 – $15,000
WELLS FARGO BANKBank AccountSpouse$1,001 – $15,000
FIA CARD SERVICESBank AccountSpouse$1 – $1,000

Major Liabilities

Mortgage Debt

  • 549 S. Lucerne Blvd, Los Angeles (Chase): $1,000,001 – $5,000,000
  • 2105 1/2 S St. NW, Washington, DC (Chase): $250,001 – $500,000
  • 1044 W. 82nd, Los Angeles (Wells Fargo): $100,001 – $250,000

Other Liabilities

  • Congressional Federal Credit Union revolving charge: $10,000 – $15,000

Key Liabilities Summary (2023/2022)

CreditorTypeOwnerValue Range
ChaseMortgageJoint$1,000,001 – $5,000,000
ChaseMortgageJoint$250,001 – $500,000
Wells FargoMortgageJoint$100,001 – $250,000
Congressional Federal Credit UnionRevolving ChargeMember$10,000 – $15,000

Income Sources

Primary Income Streams

  • Congressional Salary: ~$174,000 annually
  • Husband’s NFL Pension: Sidney Williams’ retirement benefits
  • Investment Income: From spouse’s diversified portfolio
  • Royalty Income: Chesapeake Operating LLC generated $15,001 – $50,000 (2020)

Additional Income

  • Public speaking engagements (limited)
  • Book royalties (minimal)

Financial Controversies and Investigations

Family Business Dealings

  • 2004 Los Angeles Times Report: Family members earned over $1 million from business dealings with companies Waters supported
  • Campaign Payments: Daughter Karen Waters and Progressive Connections received over $1.1 million from Waters’ campaigns since 2003
  • 2020: Waters was the only federal politician utilizing slate-mailing operations

OneUnited Bank Ethics Investigation

  • Background: Husband Sidney Williams served on OneUnited board (2004-2008)
  • Investigation: Office of Congressional Ethics found “substantial reason to believe” Waters violated conflict-of-interest rules
  • Outcome: House Committee on Ethics found “not clear and convincing evidence” of wrongdoing by Waters
  • Result: OneUnited received $12 million bailout; Waters cleared of direct involvement

Financial Disclosure Limitations

Congressional financial disclosures present several challenges:

  • Broad Value Ranges: Assets reported in ranges like “$1,000,001 – $5,000,000”
  • Exclusions Permitted: Certain spouse and dependent assets may be excluded
  • Blind Trusts: Details not required for qualified blind trusts
  • Calculation Difficulties: Exact net worth impossible to determine

Key Financial Trends

Growth Trajectory

  • 2012: $964,007
  • 2014-2016: $90,000 minimum
  • 2023-2024: $2-3.74 million

Strategy Characteristics

  • Real Estate Focus: Primary wealth driver through property appreciation
  • Long-term Holdings: Minimal stock trading activity
  • Leveraged Position: Significant mortgage debt against real estate assets
  • Spousal Management: Many investments held by husband Sidney Williams

Conclusion

Maxine Waters’ net worth reflects a stable, long-term financial strategy centered on real estate appreciation and diversified investments. While her wealth has grown significantly from earlier estimates, the exact figure remains challenging to pinpoint due to congressional disclosure limitations. Her financial profile demonstrates the typical wealth accumulation pattern of a long-serving public official, with steady income sources and strategic asset management, though it has been subject to ethical scrutiny regarding family business dealings and potential conflicts of interest.

The substantial mortgage liabilities against her real estate holdings indicate a leveraged investment approach, common among real estate investors but directly impacting net worth calculations. Her husband’s significant role in managing investments and his professional background contribute substantially to the household’s overall financial stability.

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