Book deal boosts net worth of GOP 2016 candidate Ted Cruz


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

WASHINGTON (AP) — Texas Sen. Ted Cruz is worth between $2 million and $4.5 million, a total aided by the roughly $319,000 advance the Republican presidential candidate received to write his best-selling memoir, according to a financial disclosure report released Monday.

The report shows Cruz's overall wealth only increased slightly from his most recent disclosure, which he filed in 2013 as a member of the Senate.

The main change was that Cruz has paid down a mortgage valued from $250,000 to $500,000. Cruz owns a condominium in the Houston area, which he and his wife bought for more than $800,000 in 2008.

Cruz's disclosure said he received a payment of $318,750 in June 2014 for his book, "A Time for Truth." Cruz also reported making royalties as of July 30 of between $100,000 and $1 million on the book.

The report filed with the Federal Election Commission provides estimates of dollar amounts in these wide ranges.

Along with his $174,000 annual U.S. Senate salary, Cruz's income comes mostly from an assortment of mutual funds, stocks and securities.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Politics stories

Related topics

Politics
STEPHEN BRAUN

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast