Fact Check: Is Kyrsten Sinema Worth $11 Million?
Arizona Senator Kyrsten Sinema has faced scrutiny recently over allegations that she used campaign funds to cover hotel expenses during her participation in several marathons. The Daily Beast reported that records show Sinema engaged in fundraising activities while participating in races on at least six occasions since 2019.
In addition to the controversy surrounding her campaign expenses, social media posts have raised questions about Sinema's net worth. A recent Reddit post questioned the significant increase in her net worth after taking office to the reported $11 million. The post included a link to a website called CAKnowledge, which listed Sinema's net worth as $11 million, citing assets such as a $4 million home, multiple cars, and stocks valued at $1 million.
However, it is worth noting that CAKnowledge has previously disseminated unverified and questionable claims about public figures, including allegations about the wealth of Lauren Boebert, Tucker Carlson, Joe Biden, and Hunter Biden, which have been debunked.
To assess the validity of the $11 million claim, it is necessary to analyze Sinema's financial disclosures as a senator. In 2022, she reported a teaching fee of $24,174.15 from Arizona State University and two retirement plans valued at up to $50,000 each. Her disclosures also revealed an educational liability within the same valuation range. Even when considering her Senate salary of $174,000 per year, this falls significantly short of the figure stated by CAKnowledge.
While it is theoretically possible that Sinema's initial $5 million worth in 2018 could have grown to $11 million by 2022 through investments, there is no evidence to support this hypothesis as required by the STOCK Act.
In conclusion, the claim by CAKnowledge that Kyrsten Sinema's net worth has increased from $5 million to $11 million since 2018 lacks substantial evidence. Sinema's financial disclosures suggest that her net worth is unlikely to exceed $85,000.