Here’s How Much U.S. 2024 Presidential Candidate Larry Elder is Worth

Larry Elder is a presidential candidate for the United States in 2024 and a media celebrity in California. The 71-year-old is a multifaceted man who has worked as an entrepreneur, a media figure, and a politician.

His professional changes have not always been fruitful, but he has amassed millions of dollars in chances over time. Elder put up his nationally syndicated column, radio show, and TV show to run for President of the United States.

For him, the move demonstrates his dedication to the American state. And it has manifested itself in his campaign message. He compares his political message to making a personal sacrifice.

“I’m not flush like some of the other candidates, so this is a big financial hit for me,” he told Forbes. “I gave up my nationally syndicated column, gave up my radio show. I gave up my TV show.”

Elder is worth $4 million, according to Forbes. And he gained his money through entrepreneurship, radio and television appearances, political organizations he founded, and political consulting.

Elder, the son of a janitor, grew up in L.A.’s South Central neighborhood as the second of three brothers. He attended Brown University after high school and majored in political science. He went on to study law at the University of Michigan.

His first position out of college was with the prestigious Cleveland firm Squire, Sanders & Dempsey (now known as Squire Patton Boggs). After a few years, he established Laurence A. Elder & Associates, his own headhunting firm. This was due to his dissatisfaction with the rate of his advancement.

According to Forbes, he had enough money by 1988 to buy two homes: a $167,000 condo in Cleveland and a $550,000 house in Hollywood Hills. With guest appearances on radio and a stint anchoring a PBS show, he acquired an interest in political and cultural commentary.

He rose to prominence in 1993 as a show presenter on the Los Angeles radio station KABC for his outspoken views on race, particularly a strong opposition to affirmative action. Following pressure from a conservative group, he was suspended and eventually reinstated.

His appetite for luxury grew in tandem with his popularity. He sold his previous properties and spent the money on an upgrading. Elder reportedly paid $1.65 million for his present residence and financed the entire amount. He made more extravagant purchases, attracting the attention of the IRS.

After years of toying with the notion, he formally entered politics in 2021. His first move was to enter the recall election against California Governor Gavin Newsom in 2021. He received the most votes, but fell short of the number needed to oust the governor.

He now receives $150,000 for a federal political action committee he founded. He also helped to establish Old Glory, a “cancel-proof” bank, with a stake worth more than $1 million. Elder also mentions a $15,000 to $50,000 investment in a liver disease and cancer research company on a financial disclosure form, as well as a SAG-AFTRA pension from his radio work. According to Forbes, he also had a $100,000 to $250,000 ownership in the Black News Channel (now TheGrio) and inherited a 50% stake in his parents’ property.

Leave a Reply