How Liz Warren Built A $12 Million Fortune

Forbes:

Democratic presidential hopeful Elizabeth Warren identifies as a capitalist, which makes sense, given her estimated $12 million fortune.

She and her husband, Bruce Mann, both longtime law professors, hold much of their wealth in retirement accounts. Their TIAA and CREF accounts—available to educators and nonprofit employees—are worth at least $4 million. They also own two homes: a $3 million Victorian in Cambridge, Massachusetts, and an $800,000 condo in Washington, D.C.  

Warren, who represents Massachusetts in the senate, grew up poor in Oklahoma, as the youngest of four. Her father was a maintenance man, and her mother worked as a minimum wage employee at Sears. Warren got a debate scholarship to attend George Washington University but dropped out at 19 to marry her first husband, Jim Warren. His job at IBM pulled them down to Texas, where she got a degree in speech pathology and audiology from the University of Houston. In 1970, the Warrens moved to New Jersey, where Elizabeth went to law school at Rutgers University, with her toddler daughter in tow. She graduated in 1976 and began teaching at Rutgers the next year.

Over the next 20 years, she worked at five more universities, ultimately ending up at Harvard in 1995. Warren didn’t spend all her time in the lecture hall. In May, her campaign released a list of dozens of corporate cases, dating back to 1985, where she served as a consultant, mediator, writer of amicus briefs or expert witness. She also published books on bankruptcy law and the middle class throughout the 1990s and 2000s. read more