AOC is not a multi-millionaire with five cars. Why do misrepresentations about his net worth persist online?

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At a recent town hall in her congressional district, New York Congresswoman Alexandria Ocasio-Cortez was once again falsely accused of being a secret multi-millionaire — a repeatedly denied false claim that has circulated on websites and newspapers. questionable social media platforms since taking office.

Unsubstantiated claims – that the MP has a net worth of $29 million and owns one of the most expensive homes in the world – continue to thrive online, despite publicly available financial disclosure forms, while her Critics suggest his denial is evidence of some kind of conspiracy theory to protect his wealth and power.

Ms. Ocasio-Cortez’s most recent financial disclosure forms from 2021 listed assets between $3,003 and $45,000, including a pension plan.

Her disclosures show she had between $1,001 and $15,000 in a checking account, between $1,001 and $15,000 in a brokerage account and between $1,001 and $15,000 invested in her retirement plan.

As a member of Congress, she earns an annual salary of $174,000. And as a member of Congress, she rents apartments both in New York, which she represents in the United States House of Representatives, and in Washington DC.

Statements from the US Department of Education also show that she owes between $15,000 and $50,000 in federally backed student loans.

She repeatedly said she owed more than $17,000 in student loans after earning her undergraduate degree at Boston University between 2007 and 2010. (The university’s annual tuition for the 2022-2023 school year are $61,050, not including accommodation, textbooks, and supplies. )

“I do not own or trade individual stocks, accept any corporate money for my campaign, [and] live solely off my congressional salary (which requires us to pay for [two] rents out of pocket),” she wrote on Twitter.

“This is all publicly disclosed information,” she said, adding that she is enrolled in a savings plan like many other federal workers, offering similar savings and tax benefits offered in the plans. 401k private companies.

But misrepresentations about her income and ‘net worth‘ have persisted, including a still-living article on the CAknowledge.com website that falsely lists the MP’s alleged assets, including ‘luxury yachts’ and five cars , none of which exist.

Most of the false claims circulating online cited the website, which has previously made unsubstantiated claims about Jen Psaki, among other high-profile US officials.

The article was previously titled “Alexandria Ocasio-Cortez Net Worth 2022 (Forbes) Assets Salary Cars House” but was edited in August 2022 to remove “Forbes” from the title, according to archived screenshots.

A spokesperson for Forbes say at once USA today and Reuters that the company “did not report Alexandria Ocasio-Cortez’s net worth.”

CAknowledge.com publishes similarly dubious search engine optimized dumps on the alleged net worth of high profile personalities without providing sources. The website appears to be based in India and is hosted by Cloudfare. Identifying information about its owner is not available.

The Independent asked the website’s “CEO and Founder” for comment.

The lawmaker is ranked among some of the poorest members of Congress, where the median net worth of representatives and senators is around $1 million, according to an analysis by OpenSecrets.

Florida Republican Senator Rick Scott is the wealthiest member of Congress, with nearly $260 million in net assets.

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