What is Andrew Cuomo’s net worth?

Andrew Cuomo, the former 56th Governor of New York and son of the late former three-term Governor Mario Cuomo, has a net worth of $3 million.

He resigned in August 2021 amid a sexual harassment scandal, but is still known for his political career.

Additionally, Cuomo is the brother of CNN correspondent Chris Cuomo.

Andrew Cuomo’s Wealth Over the Years

According to a 2010 report, Andrew Cuomo made $1 million per year in 2004 and 2005 as an advisor to real estate tycoon Andrew Farkas. His 2013 financial disclosure showed a net worth range of at least $1.75 million to as much as $3 million. In 2015, he reported $650,000 in book royalties from his memoir. Recently, in 2020, he was paid $5 million for a book about leadership during the COVID crisis. This includes a $3 million advance and an expected additional $2 million over time.

Early Life and Family

Andrew Mark Cuomo was born on December 6, 1957, in Queens, New York. His parents are Mario Cuomo, a former three-term Governor of New York, and Matilda Cuomo. Andrew’s brother, Chris, is a correspondent for CNN, and his sister Maria is a film producer. His other sister, Margaret, is a doctor. Andrew’s paternal grandparents were from Southern Italy, and his maternal grandparents were from Sicily.

Andrew attended St. Gerard Majella’s School and Archbishop Molloy High School before earning his B.A. from Fordham University in 1979 and his J.D. from Albany Law School in 1982.

Background and Career

Andrew Cuomo served as his father’s campaign manager during his successful 1982 campaign for Governor of New York. He later joined his father’s staff as a policy advisor. Cuomo worked as an Assistant District Attorney for New York, and briefly at a law firm, before founding Housing Enterprise for the Less Privileged (HELP) in 1986. From 1990 to 1993, he was the chair of the New York City Homeless Commission.

In 1993, Cuomo joined the Clinton Administration as assistant secretary for Community Planning and Development in the U.S. Department of Housing and Urban Development. He later became Secretary of Housing and Urban Development from 1997 to 2001. Cuomo unsuccessfully ran for Governor in 2002 before becoming Attorney General of New York from 2006 until 2011.

Cuomo was elected Governor of New York in 2010 and was re-elected to a second term in 2014. In 2018, he defeated Cynthia Nixon in the primary and was re-elected with the largest number of votes of any governor in both the primary and general elections, defeating Republican challenger Marc Molinaro.

Governorship Accomplishments

During his governorship, Cuomo oversaw the passage of several significant laws and initiatives, including legalizing same-sex marriage, creating the United States Climate Alliance, passing the strictest gun control law in the U.S., expanding Medicaid, enacting a new tax code that raised taxes for the wealthy and lowered taxes for the middle class, implementing a $15 minimum wage, introducing the strongest paid family leave program in the nation, promoting wage equality, and legalizing medical marijuana. Cuomo also introduced the Excelsior Scholarship, which provides free tuition for families making less than $125,000 at all SUNY and CUNY universities.

Andrew Cuomo’s Book Sales

In 2003, Andrew Cuomo wrote “Crossroads: The Future of American Politics”. In 2014, he wrote “All Things Possible: Setbacks and Success in Politics and Life”, which reportedly sold fewer than 4,000 hardcover copies.

In October 2020, Cuomo released “American Crisis: Leadership Lessons from the COVID-19 Pandemic”. The New York Times reported in March 2021 that Cuomo had sought a $4 million advance for the book, which was eventually acquired by Crown Publishing Group. Crown would not confirm or deny that the advance was slightly more than $4 million as sources indicated. The Times article alleged that Cuomo used his staff to assist with the book, which apparently has sold fewer than 50,000 hardcover copies.

Andrew Cuomo Ordered to Relinquish Book Proceeds

Tax records revealed that Andrew Cuomo earned around $5 million from his memoir, with $500,000 donated to charity and $1 million placed in a trust fund for his daughters. However, in December 2021, the New York state ethics watchdog ordered Cuomo to surrender all the money earned from the book to the state’s attorney general within 30 days. The Joint Commission on Public Ethics (JCOPE), which originally granted Cuomo permission to write the book, discovered that government aides had been used to produce, write, research, and edit the memoir during work hours, violating one of their conditions. Cuomo intends to challenge the order in court.

Personal Life

Andrew Cuomo was married to Kerry Kennedy and they have three daughters together. They separated in 2003 and divorced in 2005. Cuomo began dating Sandra Lee in 2005, but they ended their relationship in September 2019. In 2015, Cuomo presided over the wedding of Billy Joel and Alexis Roderick. During a CNN interview with his brother Chris Cuomo in March 2020, Andrew discussed the possibility of implementing a curfew to combat the coronavirus outbreak, to which Chris jokingly replied that Andrew had never been a fan of curfews, but he should still call their mom.

Salary as Governor of New York

Andrew Cuomo earned a salary of $200,000 per year during his tenure as Governor of New York.

Andrew Cuomo Resigns Amid Sexual Harassment Scandal

On August 10, 2021, Andrew Cuomo announced his resignation as Governor of New York following a sexual harassment scandal that had plagued his administration for several months. The New York Attorney General’s report revealed that Cuomo had sexually harassed multiple women and retaliated against a former employee. Calls for his resignation had been mounting for months.

In addition to the sexual harassment scandal, Cuomo was also embroiled in a controversy surrounding the public reporting of nursing home deaths during the height of the COVID crisis in New York. The Attorney General’s report claimed that Cuomo’s administration had under-counted nursing home deaths by 50%.

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