By: Earnest Jones | 06-05-2017 | News
Photo credit: Xavier / Dreamstime

Bernie Sanders Made More Than $1 Million in 2016

Bernie Sanders made more than $1 Million in 2016 as revealed by his latest U.S. Senate financial disclosure. Sanders filed the disclosure on Sunday after receiving a 20-day extension.

Book royalties were a major source of income for Sanders, he received a $795,000 advance for his best-selling book, “Our Revolution.” He got another $63,750 for his forthcoming “Bernie Sanders’ Guide to Political Revolution,” a book aimed at young readers co-authored with Kate Waters. And he took in $6,735 in royalties for his 1997 memoir "Outsider in the House."

He also earned $2,521 last year in royalties for his 1987 spoken-word folk album, "We Shall Overcome." It’s not a requirement for Senate members to report their government salaries on their annual disclosures.

Sanders 2016 payday was around $1,052,000 after summing up the rank-and-file member earnings which are $174,000 a year with the more than $878,000 that he reported in his filing.

Publisher St. Martin’s Press also paid all expenses on Sanders' national book tour last November and December, which took him to 12 states and the District of Columbia.

Bernie’s wife also happens to hold a batch of retirement mutual funds held in her name, O’Meara Sanders.

The Senate only requires disclosure within broad dollar ranges — for instance, $15,001 to $50,000. So it’s impossible to ascertain the exact value of the retirement funds, but they are worth somewhere between $192,000 and $815,000.

Sanders listed two mortgages in the “liabilities” category: one worth between $250,001 and $500,000, the other worth between $100,001 and $250,000. His most infamous real estate transaction has been concealed behind an entity named the Islands Family Trust.

He also reveals that he is a co-trustee in a family trust created when they bought a summer home. Since the Senate’s disclosure standards are comfortably loose, very little is known about the junior senator’s finances. Sanders released only a summary of his 2014 tax return during the 2016 presidential election.


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