Adam Schiff Net Worth

Name-Adam Schiff

Occupation-  Politician, lawyer

Net worth-  $2 million - $70 million

Salary-   $174,000

Assets-   Stocks, real estate, gold, crypto

Adam Schiff is a prominent American politician and lawyer who has been serving as the U.S. Representative for California’s 28th congressional district since 2013. He is also the chair of the House Intelligence Committee and a leading figure in the Democratic Party. But how much is Adam Schiff worth? And how did he accumulate his wealth? In this article, we will explore Adam Schiff’s net worth, sources of income, assets, liabilities, and more.

Adam Schiff’s Net Worth

According to various sources, Adam Schiff’s net worth is estimated to be between $2 million and $70 million as of 2021. This is a huge range, and the exact figure is hard to determine due to the lack of transparency and accuracy in financial disclosure reports. However, we can use some clues and data to get a rough idea of how Adam Schiff makes and spends his money.

Adam Schiff’s Sources of Income

The main source of income for Adam Schiff is his salary as a U.S. Representative, which is $174,000 per year. This is the same amount that all members of Congress earn, regardless of their seniority or position. However, this is not the only income that Adam Schiff receives. He also earns money from various investments, book royalties, and donations.

Adam Schiff has investments in more than 20 companies worth over $20 million, registered under his family’s name. Some of his most notable investments include Pfizer, Abbott Labs, Goldman Sachs, IBM, J&J, PepsiCo, and Amazon. He also holds shares in leading tech firms like Google and Facebook, which have increased in value over the years. Additionally, Adam Schiff has invested in gold reserves and crypto assets, which are considered to be safe havens and hedge against inflation.

Adam Schiff is also an author of two books: Making the Case: The Art of the Judicial Opinion and The Wicked Wit of the West: The Last Great Golden-Age Screenwriter Shares the Hilarity and Heartaches of Working With Groucho, Garland, Gleason, Burns, Berle, Benny, and Many More. He earns royalties from the sales of these books, which are available on Amazon and other platforms.

Adam Schiff also receives donations from various individuals, organizations, and PACs (political action committees) that support his political campaigns and causes. According to OpenSecrets.org, Adam Schiff raised over $13 million in the 2020 election cycle, with the top contributors being Walt Disney Co, Alphabet Inc, DreamWorks Animation, University of California, and WarnerMedia. He also received donations from celebrities like Barbra Streisand, Tom Hanks, Steven Spielberg, and George Clooney.

Adam Schiff’s Assets

Adam Schiff owns several properties in California and Maryland, which add to his net worth. He has a primary residence in Burbank, California, which he bought for $1.8 million in 2010. He also has a vacation home in Lake Tahoe, California, which he bought for $1.6 million in 2018. Additionally, he has a condo in West Hollywood, California, which he bought for $1.1 million in 2016. He also owns a townhouse in Bethesda, Maryland, which he bought for $1.4 million in 2003.

Adam Schiff also owns several luxury cars, such as a Tesla Model S, a BMW X5, a Mercedes-Benz S-Class, and a Lexus RX. He also has a collection of luxury watches, such as a Tissot Classic Dream, a Rolex Submariner, and a Cartier Tank.

Adam Schiff’s Liabilities

Adam Schiff has two mortgages on his properties in California and Maryland, which are his main liabilities. According to his financial disclosure reports, he owes between $500,001 and $1 million on his Maryland townhouse, and between $100,001 and $250,000 on his California condo. He also has a credit card debt of between $15,001 and $50,000.

Adam Schiff’s Lifestyle

Adam Schiff lives a comfortable and lavish lifestyle, thanks to his net worth and income. He enjoys traveling, skiing, golfing, and playing tennis. He also likes to watch movies, especially thrillers and comedies. He is a fan of The Silence of the Lambs, The Godfather, and The Big Lebowski. He also likes to read books, especially biographies and historical novels. He is a fan of John Grisham, David McCullough, and Doris Kearns Goodwin.

Adam Schiff is married to Eve Sanderson, whom he met on a tennis court in 1990. They have two children, Alexa and Elijah. Adam Schiff is Jewish, but he does not practice any religion. He considers himself to be a secular humanist, who believes in the values of reason, compassion, and justice.

FAQs

Q: How old is Adam Schiff?

A: Adam Schiff is 61 years old as of 2021. He was born on June 22, 1960, in Framingham, Massachusetts.

Q: How tall is Adam Schiff?

A: Adam Schiff is 5 feet and 3 inches tall, or 160 cm.

Q: What is Adam Schiff’s political party?

A: Adam Schiff is a member of the Democratic Party. He is a liberal and a progressive, who supports policies such as universal health care, gun control, environmental protection, immigration reform, and LGBTQ rights.

Q: What is Adam Schiff’s role in Congress?

A: Adam Schiff is the U.S. Representative for California’s 28th congressional district, which covers parts of Los Angeles County, including Burbank, Glendale, Pasadena, and West Hollywood. He is also the chair of the House Intelligence Committee, which oversees the intelligence community and national security issues. He is also a member of the House Judiciary Committee and the House Foreign Affairs Committee.

Q: What is Adam Schiff famous for?

A: Adam Schiff is famous for being one of the most vocal critics of former President Donald Trump and his administration. He led the impeachment inquiries and trials against Trump in 2019 and 2021, accusing him of abuse of power, obstruction of Congress, and incitement of insurrection. He is also known for his involvement in the investigation of the Russian interference in the 2016 election and the alleged collusion between the Trump campaign and Russia.

Conclusion

Adam Schiff is a powerful and influential politician and lawyer, who has a net worth of between $2 million and $70 million as of 2021. He earns his money from his salary as a U.S. Representative, his investments, his book royalties, and his donations. He owns several properties, cars, watches, and other assets, but he also has some mortgages and debts. He lives a lavish lifestyle, but he also works hard to serve his constituents and his country. He is a leader of the Democratic Party and a fierce opponent of the Republican Party. He is a controversial and polarizing figure, who is admired by some and hated by others. He is Adam Schiff, and this is his net worth.