Marco Rubio Net Worth

Overview

Marco Antonio Rubio, born on May 28, 1971, is an American politician and diplomat currently serving as the 72nd United States Secretary of State since January 2025. A member of the Republican Party, he previously represented Florida in the U.S. Senate from 2011 to 2025. Before his time in the Senate, Rubio served in the Florida House of Representatives from 2000 to 2008, where he became the Speaker from 2006 to 2008. Rubio’s parents were Cuban immigrants who came to the United States in 1956. He earned a law degree from the University of Miami in 1996. Known for his conservative stance, Rubio has been involved in various political issues, including foreign policy, and has been a vocal figure on matters related to China and Iran. Prior to becoming Secretary of State, his annual salary as a U.S. Senator was $174,000. In his role as Secretary of State, his salary is over $200,000. Rubio is married to Jeanette Dousdebes Rubio and has four children.

United States Department of State

Secretary of State

What Is Marco Rubio’s Net Worth?

Marco Rubio, a prominent figure in the Republican party, has garnered attention not only for his political career but also for his financial trajectory. As a US Senator representing Florida since 2011, Rubio’s financial disclosures offer a glimpse into his accumulation of wealth over time.

Marco Rubio’s Financial Background and Early Career

Before venturing into the realm of politics, Rubio honed his skills as a lawyer. From 1998 to 2008, he reportedly earned $2.38 million. However, his financial situation was not always secure. Upon his initial election to the House in 2000, his reported net worth was literally zero. By 2009, his financial statement revealed a negative net worth of $37,000, weighed down by student debt and multiple mortgages. Further complicating matters, a property he owned in Tallahassee faced foreclosure after he allegedly missed mortgage payments for five months. He eventually sold this home at an $18,000 loss in 2015.

Rubio’s financial challenges extended into the early 2010s. His 2018 financial statement indicated a further decline, estimating his net worth at negative $1.3 million.

Rubio’s early life provides some context to his career. Born on May 28, 1971, in Miami, Florida, to Cuban immigrants Oriales and Mario, Rubio spent part of his childhood in Las Vegas, Nevada. He graduated from South Miami Senior High School in 1989. He attended Tarkio College in Missouri for a year before transferring to Santa Fe Community College in Florida. He then attended the University of Florida, from which he graduated with his BA in political science in 1993. Subsequently, he enrolled at the University of Miami School of Law, earning his JD in 1996.

Marco Rubio began his political career as a city commissioner for West Miami, showcasing his early ambitions. In 1999, he ran in a special election for the 111th House District in the Florida House of Representatives. He won the runoff election and subsequently beat Democrat Anastasia Garcia to win the seat. Rubio was reelected unopposed in late 2000 and 2002. He was reelected to third and fourth terms in 2004 and 2006, respectively. During the final years of his tenure, from late 2006 to late 2008, Rubio served as House Speaker. After leaving the Florida Legislature in 2008, Rubio started teaching as an adjunct professor at Florida International University under a fellowship appointment. He returned to the school in 2011 after he joined the US Senate.

Marco Rubio’s US Senate Career and Income

In 2009, Rubio embarked on a campaign for the US Senate, seeking the seat vacated by Mel Martínez. Despite initial challenges, he secured the Republican nomination and subsequently won the general election against Democrat Kendrick Meek. After suspending his presidential campaign in early 2016, he ran for reelection to the Senate and won a second term. Rubio was reelected to a third term in 2022 by beating Democrat Val Demings.

In 2012, Rubio received an $800,000 advance for a biography. Following this, Rubio purchased an $80,000 speed boat.

Marco Rubio’s Net Worth

Currently, Marco Rubio has a net worth of $400 thousand.

Regarding his real estate holdings, in 2001, Rubio and his family moved into his wife’s mother’s house, then two years later, Marco bought the mother-in-law’s West Miami house for $175,000. In 2005, he paid $550,000 for a new home in West Miami.