Home Business Maxine Waters in 2024: Net Worth and Property Portfolio

Maxine Waters in 2024: Net Worth and Property Portfolio

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Maxine Waters in 2024: Net Worth and Property Portfolio

Maxine Waters in 2024: Net Worth and Property Portfolio

Maxine Waters is a prominent and influential figure in American politics who has served as the U.S. Representative for California’s 43rd Congressional District since 1991.

Known for her outspoken advocacy on social and economic justice issues, Waters has become one of the most recognizable and polarizing members of Congress over her long career.

From humble beginnings in St. Louis to becoming a powerful voice in Washington D.C., Waters has left an indelible mark on American politics through her passionate pursuit of civil rights, financial reform, and progressive causes.

Who is Maxine Waters?

Maxine Moore Waters was born in St. Louis, Missouri on August 15, 1938. She was the fifth of 13 children born to Remus Carr and Velma Lee Moore.

Waters grew up in a working-class family and experienced hardship early in life when her father left the family when she was just two.

Raised primarily by her mother, Waters learned the values of hard work and perseverance from an early age.

After graduating from Vashon High School in St. Louis, Waters moved with her family to Los Angeles in 1961 for more significant opportunities.

She worked a series of jobs in a garment factory and as a telephone operator before being hired as an assistant teacher with the Head Start program in 1966.

This experience working in early childhood education in the Watts neighborhood of Los Angeles sparked Waters’ interest in community activism and politics.

Determined to further her education, Waters enrolled at Los Angeles State College (now California State University, Los Angeles) and, at the age of 33, earned a bachelor’s degree in sociology in 1971.

This achievement set the stage for her entry into politics and public service in the future.

Category Details
Full Name Maxine Moore Waters
Date of Birth August 15, 1938
Place of Birth St. Louis, Missouri
Nationality American
Profession U.S. Representative, Politician
Political Party Democratic Party
Congressional District California’s 43rd District
Net Worth Between -$365,000 and $5.22 million

Personal Life and Relationships

Maxine Waters has been married twice. Her first marriage was to Edward Waters in 1956. They had two children before divorcing in 1972.

In 1977, Waters married her current husband, Sid Williams, a former NFL player who later served as the U.S. Ambassador to the Bahamas under the Clinton administration.

Waters and her husband reside in the Windsor Square neighborhood of Los Angeles. The family has remained critical to Waters throughout her political career.

In 2020, she faced personal tragedy when her sister Velma Moody passed away at age 86 due to complications from COVID-19 during the pandemic.

Professional Career and Political Rise

Maxine Waters’ political career began in earnest in 1973 when she was hired as chief deputy to Los Angeles City Councilman David S. Cunningham, Jr. This role gave her valuable experience in local government and politics.

In 1976, Waters was elected to the California State Assembly, where she served for 14 years. During her time in the Assembly, Waters became an influential figure, eventually becoming the Democratic Caucus Chair.

One of Waters’ signature achievements in the California Assembly was her advocacy for divestment from South Africa during apartheid.

She helped pass legislation within the guidelines of the anti-apartheid Sullivan Principles, pushing for the state to withdraw pension funds from businesses active in South Africa.

In 1990, Waters was elected to the U.S. House of Representatives for California’s 29th Congressional District (now the 43rd District after redistricting). She has been re-elected to her seat in every election since, often winning by large margins.

Throughout her time in Congress, Waters has been a vocal and sometimes controversial figure known for her progressive stances and aggressive style.

Waters held several leadership positions during her congressional tenure, including chairing the Congressional Black Caucus from 1997 to 1999.

In 2013, she became the ranking House Financial Services Committee member and later served as chair of that powerful committee from 2019 to 2023.

Age and Physique

Maxine Waters was born in 1938 and is 85 years old as of 2024. Despite her advanced age, Waters has maintained an active and prominent role in Congress well into her 80s. She stands at approximately 5 feet 4 inches tall.

Waters has always presented a polished and professional appearance as a congresswoman, often wearing bright colors and statement jewelry that has become part of her signature look.

Net Worth and Salary

As a long-serving member of Congress, Maxine Waters receives an annual salary of $174,000. Her net worth has been the subject of some controversy and speculation over the years.

According to her most recent financial disclosures, Waters’ net worth is estimated to be between -$365,000 and $5.22 million. The wide range is due to the broad categories used in congressional financial reporting.

Source of Income Details
Annual Salary $174,000 (as a member of Congress)
Net Worth Range Between -$365,000 and $5.22 million
Major Assets Los Angeles home valued between $1-5 million
Investments Mutual funds, Chesapeake Operating LLC royalties
Liabilities Significant mortgages on multiple properties

Waters’ most valuable asset is her Los Angeles home, valued between $1 million and $5 million.

She also has various investments and income sources through her husband. However, Waters also carries significant liabilities in the form of mortgages on multiple properties.

It’s worth noting that Waters has faced allegations of using her position for personal financial gain. However, she has denied any wrongdoing and was ultimately cleared of ethics charges related to her actions during the 2008 financial crisis.

Company Details and Investments

Maxine Waters is not known to be directly involved in running any companies outside her political career. However, her husband, Sid Williams, has been engaged in various business ventures.

Waters’ financial disclosures reveal some investments and income sources, including:

  • American Golf Joint Venture Partnership (owned by her spouse)
  • Royalties from Chesapeake Operating LLC (owned by her spouse)
  • Stock in OneUnited Bank (owned by her spouse)
  • Mutual fund investments through Merrill Lynch

Waters and her husband also own multiple properties, including their primary residence in Los Angeles and a home in Washington, D.C.

Real estate appears to comprise a significant portion of Waters’ investment portfolio. The couple’s Los Angeles home on Lucerne Boulevard is their most valuable reported asset.

Funding and Political Influence

As a prominent Democrat, Maxine Waters has been a successful fundraiser for her campaigns and the Democratic Party.

She has received donations from various sources, including labor unions, financial services companies, and individual donors.

Waters’ position on the House Financial Services Committee has made her an essential figure in the banking and finance industries.

She has sometimes been criticized for accepting donations from financial institutions while being responsible for their oversight.

Regarding political influence, Waters has been a critical voice in the Democratic Party on housing, consumer protection, and racial equality issues.

She has used her platform to advocate for progressive causes and has not shied away from confrontation with political opponents.

Contact Details and Social Media Presence

Maxine Waters maintains an active presence on social media and can be reached through her official congressional channels:

Platform Handle/Details
Twitter @RepMaxineWaters
Facebook CongresswomanMaxineWaters
Instagram @repmaxinewaters
Official Website waters.house.gov

Her official congressional website (waters.house.gov) provides contact information for her Washington D.C. and Los Angeles offices and an online contact form for constituents.

Conclusion

Maxine Waters has built a long and impactful career in American politics, rising from humble beginnings to become one of the most recognizable and influential members of Congress.

Her outspoken advocacy for civil rights, financial reform, and progressive causes has earned her both ardent supporters and vocal critics.

As she continues to serve in Congress well into her 80s, Waters remains a force to be reckoned with in Washington—her journey from St.

Louis to the Halls of Power is an inspiring example of perseverance and dedication to public service. 

While controversy has sometimes followed her long career, Maxine Waters’ place in American political history as a trailblazing African American woman in leadership is secure.