How does somebody making less than $300k per year afford a $2mil house?
Does his wife work?
DOES HE HAVE A SIDE JOB?
300K a year can most definitely afford a $2 million home.
Book money laundering can help?
Nobody retires from Congress poor.....
Ted Cruz’s wife worked for Goldman Sachs.
Ted Cruz took campaign contributions from Goldman Sachs and then hid them because he knew it would hurt his base.
Ted Cruz is not trustworthy.
As managing director at investment bank Goldman Sachs, Ted’s wife Heidi – whose salary is not known and was not disclosed – is very likely the breadwinner in the family.
With this hot real estate market, the house was probably worth $500k a few years ago. Sadly, $2 million doesn’t buy you much in a lot of markets anymore.
C'mon man...did you sleep thru the 2016 campaign?
Goldman Sachs.
Another reason not to trust him and be glad Donald J Trump made quick work of him
Heidi Cruz says she has to work a 70-hour week to support her family
In a new profile published today in the Atlantic, Heidi Cruz, a managing director at Goldman Sachs and the wife of US senator Ted Cruz, described her life as the family’s primary breadwinner.
Elaina Plott reports that Cruz is “working 70-hour weeks not only because she wants to, but also because she has to.” Seven years into her husband’s career as a politician, his public servant’s salary poses financial constraints to the Cruz family lifestyle, Cruz claims. “We’re not buying a second home anytime soon,” she told Potts.
How much do Ted and Heidi Cruz really make?
As a managing director at Goldman Sachs, Heidi Cruz likely earns over $300,000 a year—without factoring in an additional bonus. As a senator, Ted Cruz earns an annual salary of $174,000 for his work as a public servant, placing him in the top 3% of American earners.
In the past few years, Ted Cruz also had other sources of income, including royalties from his book, A Time for Truth: Reigniting the Promise of America, which in 2015 came to a minimum $318,750 in royalty payments. (He reported making between $100,001 and $1 million in royalties for the book that year.)
Together, the couple list assets ranging between $2 million and $5 million from stocks, mutual funds, and his law firm retirement plan. After liabilities, that number could be considerably lower—Roll Call estimates that the politician’s personal net worth may be as little as $200,000. Nevertheless, assuming an annual income as a household of $474,000 from their salaries alone, the Cruz family would still be in the top 0.7% of American earners. That’s eight times the median household income in their home state of Texas ($56,565 in 2016.)
With those numbers in mind, Heidi Cruz’s comment about not being able to afford a second home rings a little hollow.
I think the explanation we get will be that his wife made the big bucks
Forget it, Mariner. It’s Congress.
Wife worked for Goldman-Sachs.
she used to work for goldman sachs
Heidi is an SVP at Goldman Sachs.
Specialist in oil.
His wife is institutional accounts regional manager for a large investment bank
Goldman Sachs Houston
She can afford the house on her own
It’s valued at $2 million now but that’s not what he paid for it. Before the a California influx Texas had incredibly affordable houses. Depending on when he bought it he might have only paid $300,000 for it.
“How does somebody making less than $300k per year afford a $2mil house?”
Off FR Troll.
A $2M house in the Houston area isn’t all that unusual.
I think Ted’s wife is an investment banker at Goldman Sachs.