Ben Carson’s Net Worth
Most Money Made In: Public Speaking
Estimated Net Worth as of 2015: 10 Million
How much has Ben Carson made from speaking engagements? He has made more than $1 Million. Over the last year the LLC he uses as a pass through entity for his public speaking engagements earned $1.5 million. These speaking engagements have both made him a substantial amount of money and added to his name recognition. Additionally, Carson has written books which still earn him substantial royalties: America the Beautiful, One Nation, and A More Perfect Union.
Ben Carson’s Net Worth is given by his financial disclosure. His personal financial disclosure was taken from the Center for Responsive politics webpage: opensecrets.org. The disclosure itself is quiteĀ revealing. Jeb Bush owns three major types of assets. First, he has a pension set up for himself. This pension holds mostly mutual funds and will pay him out a defined benefit upon retirement. Second, he and his wife have a substantial portion of their net worth invested in real estate. Finally, he owns an assortment of mutual funds in taxable investment accounts.
Ben Carson has a pretty standard set of economic views for a Republican presidential candidate. He wants a flat tax. One idiosyncratic view is that he supports splitting the minimum wage into two tiers, one for young people getting into jobs for the first time, and a second, higher, tier for adult wage earners-supporting a family. He would then index both of these quantities to inflation and leave them alone.
His incentives are mostly aligned with the very rich and the upper middle class. He has earnedĀ a great deal of money as earned income using pass through entities such as LLC’s. Here is one way his financial situation may cause him to act. It is possible as part of corporate tax reform that the special treatment that LLC’s and S-corps get compared to C-corps might change or go away (former treasury secretary Timothy Geithner proposed this in 2011). If Carson had to pay corporate income tax as well as a dividend tax this would cost him a great deal of money without benefiting him directly. That doesn’t necessarily mean he wouldn’t support such a thing, or if he opposes it that he does so out of greed. It’s just that the negative effects of a thing are easier to envision and empathize with others about when you have to experience them yourself.
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