Andrew Yang

Yang’s net worth is disputed by different reporting and financial organizations but he himself has been documented once to disclose it to be $600,000. Yang disclosed that between 2017 and 2018, he raised over $650,000. After appearing on Breakfast Club (radio show) and The Joe Rogan Experience (well-known podcast), his fundraising dramatically increased. 

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Andrew Yang Background

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The 46-year-old politician got a lot of limelight when he ran for the 2020 Democratic Party presidential primaries but his work in the public forum began way earlier. Yang was brought up in Schenectady, New York. He initially began his journey as an entrepreneur by engaging himself with companies in their initial development process between 2000-2009 both as an executive and founder.

Andrew Yang was born in January 1975 and is 45 years of age. He grew up with his brother Lawrence in Westchester County and later shifted to the United States in the 1960s. After scoring more than 1200 out of 1600 in SAT at the age of 12, he got accepted into a summer program at Johns Hopkins University.

Early Life

Entrepreneurial Journey

Yang undoubtedly entails a business disposition that reflects in his journey throughout his life. In 2000, Yang created a celebrity-affiliated web-based company for philanthropic fundraising. At that time, web-based company culture was not that successful which became the reason for shutting the company down in 2002. Yang then began serving as a VP of MMF System – a healthcare software startup from 2002 to 2005.

According to the Washington Post, Yang also served as a corporate solicitor for five consecutive months after graduating from Columbia Law School and Brown University. After the failed startups and the selling of Manhattan GMAT for $11 million followed by Venture of America, Yang left everything in 2017 and began living in a two-bedroom rental apartment in Manhattan with his two sons and wife. However, they own a New Paltz’s 2700 sq. ft. house worth $500,00.

Financial Assets

Political Career

Yang’s campaign proposal in the form of UBI, which was perhaps one of the unique ones, was called the “Freedom Dividend.” Yang promised $1,000 to each mature American every month. His motive was to restrain the disastrous impact of automation that was causing unemployment. Yang thought that the fact that machinery had replaced workers was the reason why people voted for Donald Trump.

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Income taxes are very poor at generating income from automation because the gains are realized by technology companies that are experts at not paying taxes.