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How Pete Buttigieg Makes His Money

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Pete Buttigieg's 2018 income was the lowest of the 13 Democratic candidates who have released their tax returns. The South Bend, Indiana mayor's tax returns show he and his husband, Chasten, brought in roughly $150,000 last year. Here's how he makes his money. Two dozen Democrats are vying for the middle-class vote in the 2020 election – but some candidates are facing skepticism for pitching themselves as champions of the middle class while having millions in the bank. Former Vice President Joe Biden and his wife, Jill, led the field by raking in $4.5 million, according to tax returns. Sen. Kamala Harris of California and her husband, Douglas Emhoff, followed with $1.9 million. Sen. Elizabeth Warren of Massachusetts and her husband, Bruce Mann, took in $846,394. Sen. Bernie Sanders of Vermont, and his wife, Jane, made $561,293. Aside from the money Buttigieg earns as mayor and what his husband makes as a middle school teacher, the presidential hopeful has taken in extra cash from his book, “Shortest Way Home.” From the start of 2018 to May 2019, he took in $45,000 in advance and royalties payments for the book, which came out in February. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How Pete Buttigieg Makes His Money
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Text Comments (787)
The case for a a Marxist CIA plant. Josh Bernstein has a special report on his true background so go over and watch at this link: https://www.youtube.com/watch?v=na8fGpB3hW4
Gabriel Arceo (4 days ago)
I don't understand the criticism on Bernie he's raising taxes on the rich that he KNOWS will hurt him because he's putting his beliefs above himself. I need someone to explain to me the logic of that case against him. Literally anyone I don't understand why some people think that discredits him.
deadpoet415 (4 days ago)
someone needs to update this. he's getting fat sponsors now. not the sanders way either
Christian Slater (6 days ago)
Nah. Something’s shifty about Wall Street Pete.
Pent (6 days ago)
He's just another corporate puppet. He's got 40 billionaire donors, which has earned him the nickname of Wall Street Pete.
Adolis Purvinis (7 days ago)
I don’t understand why sanders is dissed for making money, his policies are going to raise tax on the wealthy, THAT INCLUDES HIMSELF. He is harming himself for his beliefs. Making buttigieg to seem like some regular middle class person is incorrect, he may have been (barely) but he’s now corrupt, its as simple as that. Taking big donations from banks, facebook, pharmaceutical companies makes him corrupt by default.
Adolis Purvinis (7 days ago)
14 billionaire donors from big pharma, wells fargo, amazon, harvard university, JP Morgan, facebooks, the US government itself and more. Can we also mention how hes been spending his donations on private jets?
Everything Matters (7 days ago)
Pete sure WANTS to be a billionaire. And since he keeps taking their money, you can count on him doing their bidding if he wins.
ANUP GAYEN (7 days ago)
But guess, he has corporate or billionaire donors now, so I'm not surprised if you aren't likely to be billionaire's stooge working for corporate interest... Don't be gullible by these videos.... Consider the integrity and history of candidates who aren't taking the money from billionaire...
Mary Heiman (9 days ago)
I heard he had the FBI and people who have worked for the FBI back him
neo5kali (9 days ago)
Buttigieg is really good friends with Mark Zuckerberg, because of the Harvard connection.
Johan Öberg (9 days ago)
A lot of Peteheads here refusing to see his corruption. On the other hand CNBC does too so I guess I don't blame you!
Trumpty Dumpty your fall is coming! (10 days ago)
Wow, this is a stroking piece for Pete. Clearly, CNBC and big Media is terrified Bernie's going to TAX them and all the Wealthy - finally they will have to start paying proper Taxes!! They don't mention even once that Pete has over 40 BILLIONAIRE donors backing his campaign, and he is now indebted to them. Billionaire's don't give big $$ unless quid pro quo. Pete's just like all the other politicians... except for Bernie! Bernie's AVERAGE donation is $18.50 from over 1,500,000 working class people.
Tiberius (10 days ago)
He is the poorest candidates and that is why he is appealing to the middle class.
Mahir Rahman (11 days ago)
He's a wall street bought and paid for guy a fake. #Bernie2020
Philip Harding (11 days ago)
Pete gets his money on promises to oligarchic billionaires.
paintedbangle (13 days ago)
Nice try, he is just as much sold out to corporate interests as the rest of them, the only exception being Bernie
James Temple (14 days ago)
He made his money scamming Canadians https://youtu.be/DMmoB2WMMlo
EMANeleVenElevEn (15 days ago)
And after he finishes his presidency if he wins, he'll become a mega multi millionaire like the Obamas who was poor before the presidency and now worth 100s of millions. It's all corruption, 3rd world leaders might blatantly steal but these guys here do it covertly.
Phil Montejano (15 days ago)
Who cares, Trump is getting reelected
sara parker (23 days ago)
tell us about big college and big university raping students with debt then you want to reward them with my paycheck. sounds like a biden.
sara parker (23 days ago)
he charges a dime at the hole of glory. hes gone viral several times about it.
Andrew Taylor (1 month ago)
I need to become good at writing books lots of 🤑in doing that.
nopes4545 (1 month ago)
CIA funds.
Carrie Oakey (1 month ago)
Lol..Pete and his husband!
Mac Mendoza (1 month ago)
Puff pieces... When will the media reveal all the baggage? He's a corporate puppet
sara parker (1 month ago)
sara parker (1 month ago)
nashyteeth (1 month ago)
read the nakedcapitalism finance blog post on Buttigieg and McKinsey first for context. nakedcapitalism is an excellent source of finance news neglected in finance media dominated by PR reprints. It's found, a former McKinsey consultant provided a contextual understanding for what McKinsey does. https://www.commondreams.org/news/2019/12/11/questioned-about-role-blue-cross-layoffs-buttigieg-deflects-incredibly-dishonest
nashyteeth (1 month ago)
The SIGAR report on the swindle of consultants in Afghanistan: https://www.sigar.mil/pdf/audits/SIGAR-18-19-AR.pdf
nashyteeth (1 month ago)
Miriyum1031 (1 month ago)
#Bernie2020 #PeopleOverProfit #GetMoneyOut #Integrity
Audie (1 month ago)
Blah ha ha! Prep school, Rhodes Scholar, Harvard, pampered privileged Wallstreet Pete is not working class and is a complete failure as mayor.
Here we go For sure (1 month ago)
Bernie 2020
Juan Velez (1 month ago)
CNBC prop-up job. 😒🙄. Maybe he’s cozying up to Billionaires to pay for his debt
Huples Cat EPL (1 month ago)
Thanks you CNBC for finally breaking ranks and reporting real news about the DNC race lol He sells influence to the very rich. He is about as top tier as Biden. neither has any support
Brandin Shaeffer (1 month ago)
Welp thanks to leaks we now know how his CAMPAIGN makes money
Tyguy 1 (1 month ago)
Wine cave pete and Wall Street Pete
Patrick McCarthy (1 month ago)
Kamel toe dropped out.
b1sayan (1 month ago)
Poor boy going for billionaire money. Slick snake Pete. Slick, smooth. Yeah.
Rewina Bedemariam (2 months ago)
#Wallstreetpete. He is all PAC money. Let's not lie.
a1 1 (2 months ago)
Wtf yang not mentioned again. But you mentioned much less popular people. Dumb
waiotahi52 (2 months ago)
If Peter wins this election, his husband will be First Lad Of the United States of America... See, you never thought of that. You only think about yourselves...
web angel (2 months ago)
Buttigieg propaganda piece that's just like his speeches i.e. all fluff and no substance. SMH 😢
Oak Tree (2 months ago)
Forget it bootleg. I don't think the country have sunk low enough yet to put a man and his husband in the white house.
photonAP (2 months ago)
To me he looks like Alfred E. Neuman, the cover boy of the American humor magazine Mad.
Amoroso Gombe (2 months ago)
Wow. They actually mentioned Bernie Sanders!
Chat Noir (2 months ago)
Corporate tool: https://www.commondreams.org/views/2019/10/21/beware-pete-buttigieg-sharp-corporate-tool
Cosmic Strings (2 months ago)
Miriyum1031 (2 months ago)
#Bernie2020 #PeopleOverProfit
the new America (2 months ago)
God created man and woman period
urb8t (2 months ago)
I want to SEE donald trump 🦆🦆🦆🦆 tax return!!
Bhangra Fan (2 months ago)
Why you should support Tulsi: https://www.youtube.com/watch?v=QSK7vU3fA1c
Luchador Leon (2 months ago)
Where is YANG ?????? #yanggang
Brian Love (2 months ago)
Buttigieg is a coward that would be afraid to meet with a menacing enemy from a foreign country. He can’t fight. Tulsi has more heart to meet with our enemies. He’s a coward that couldn’t.
NPC007 (2 months ago)
Wow he must be a plant. Dude was a nobody and then announced his run than get flooded with donor money. Smh this guy needs to go
Gary K (3 months ago)
This is literally an ad for Buttigieg. Are you sure you’re unbiased, CNBC?
ipaulosan (3 months ago)
Should of asked him how is it he got super big dollars for his campaign and who are his biggest donors. There they go again CNBC leaving out Andrew Yang out of the conversation. MSNBC just did it again on 11-17-19 for the 15th time, at this point it's no accident. So what is it are they putting their finger on the scale to influence the primary election by leaving Yang out of the graphics. Or is it they are prejudice against Asian- Americans or a combination of both, because for it to happen 15 times it must be intentional. I'm no Fox News fan far from it, but here's their take on it. By the way, CNN has done the same about 5 times that I can remember. https://www.foxnews.com/media/andrew-yang-msnbc-polling-graphic-15th-snub
Hieu Thai (3 months ago)
Very interesting. It’s a new perspective on our politicians for me.
Marshmallow08 (3 months ago)
Why not rather tell us who is funding his campaign? How much he made last year does not matter much in the scheme of things.
Bill T (3 months ago)
I don't trust sneaky Pete with his overly agressive campaign tactics in south carolina
Bill T (3 months ago)
Kit Knight Rider (3 months ago)
Pete is super corrupt. He constantly lies
Scot Campbell (3 months ago)
Well at least we don't to worry about him sexually assaulting woman.
Papapau (3 months ago)
This liar and only platitude copycat will never win. America is not that stupid... i think. https://youtu.be/8pNQZnuyOBU
Myles Gmail (3 months ago)
Lawrence L (3 months ago)
CNBC sucks !! Where is Andrew Yang on the list ??? You make no mention of him when he is polling the 4th place in national poll !! #yang2020
Pink Summer (3 months ago)
REPETE PETE is actually just trying to be Andrew Yang not Obama, hahahaha!! Absolutely ridiculous. I guess Repete Pete doesn't realize that we all have access to Yang's past interviews, lol!! Watch these short vids. Too funny!! https://www.youtube.com/watch?v=u59yLdbHack&t=4s https://www.youtube.com/watch?v=2KU0OybyM6k
Richard Mays (3 months ago)
Butti is CIA.......
Paul Vanier (3 months ago)
I know it sucks for Bernie's supporters to see that Pete is actually the poorest of all the candidate; that he has 130k in student loan, so let's blame MSNBC for the bad reporting.
Luis Perez (3 months ago)
2020 for Pete ❤️
Jean de Dieu Otoa (3 months ago)
This guy represents people with a different agenda than GODs plan in the Bible in Genesis 1:28. This will be a huge defeat for the Christians community if this happens. All the things we Christians care about will be swiped away if this guy became president. Their agenda is to promote this new lifestyle that will completely destroy the way we thing about family. How can this guy champion family values when he has chosen a different lifestyle? I hope that many Christians will stand on the word of GOD and stop this madness in Jesus name Amen
Carl Clausewitz (3 months ago)
Campaigns tend to last about 2 years, so anyone who is running for office needs to have 2 years worth of money put away. In other words, those who have money are more likely to be able to campaign.
Robert Kidd (3 months ago)
MSM failing the People again and again, #Yang2020 #YangGang #HumanityFirst
Savannah Rey (3 months ago)
Poo Pushing Pete's pay to play!
We The People (3 months ago)
As long he doesn’t make President, I’m fine with that.
A S (3 months ago)
Expected this clip to discuss his accepting the most funds from billionaire's of any democratic candidate, spending the most money on private jets (of any democratic candidate), and attending the most private big donor fund raisers of any dem candidate. But then why would corporate media do that?
Zoozoo (3 months ago)
Where’s Yang?
MICHGO1 (3 months ago)
Gonzalo Saldana (3 months ago)
Pete is young and he will be making more as he ages hence for the other candidates wealth accumulation but if you sell a product and make money way to go. I’m sure that Pete’s next book will make more and let’s see if they soon start to question him for that lol
Alex Carlos (3 months ago)
Sellouts. Pete and this station
Ray Marsh (3 months ago)
If this was created to turn people off Pete Buttigieg - then it will do the opposite. There's an authenticity about him that you don't get with all of the phonies like millionaire anti-Capitalist Sanders, nepotism Biden, or fake Indian blood Warren. All of the candidates (including I'm a woman and Black so I should out of fairness be make president, regardless Harris) are a joke.
Dan Alan (3 months ago)
tcslam0310 (3 months ago)
#RePete's integrity is questionable despite how closely he was to middle class in previous years income. - private jets - saying small donations are "pocket money" - firing black police chief in favor of his biggest donor I really wanted to like Pete and at least be okay if he ends up being the nominee. Only Yang, Bernie and Tulsi has integrity at this point
tcslam0310 (3 months ago)
@attlee2010 true...but I wouldn't count a $150k income low enough to compromise your integrity. If you're running for president counting on big donors, it signals to me your intentions are not right because your livelihood doesn't depend on if you're president or not
attlee2010 (3 months ago)
tcslam0310 being broke means you’re desperate and that’s when values go out the window
Tony Ashford (3 months ago)
Better quit asking these hard questions he might hit you with his purse
rables45 (3 months ago)
Pete Butt sucker make his money on his knees. He likes to bend over
Linda Dustin (3 months ago)
Mayor Pete how about the 2400 babies killed in South Bend, bodies found at Ulrich Klopfer home in Illinois.Cat got your tongue?
Juju Rellama (3 months ago)
152 K? i made 2,5 times as much, without doing anything,
Juju Rellama (3 months ago)
who? the working ass?
Renzo (3 months ago)
Being wealthy does not disqualify someone from caring about and fighting for the rights and wellbeing of others. Franklin Roosevelt, John Kennedy, Lyndon Johnson , George Soros all subscribed to the axiom: with great power comes great responsibility.
C R (2 months ago)
Renzo Franklin roosevelet made his name fighting in a war to depose a government in Latin America. John Kennedy started the Vietnam war, LBJ kept it going. Your heroes are colonizers and sent American men to die overseas
ghosttrain2066 (3 months ago)
This is a sham. This liberal clown isn't going to be president next year
jo smith (3 months ago)
he'll never make the cut
John Preciado (4 months ago)
picking up the soap and touching his toes
Christopher Bedenbaugh (4 months ago)
It doesn't matter cause TRUMP is going to win big time with all these losers you have running
Trump News (4 months ago)
Please watch our channel of Pete
Mikael Liao (4 months ago)
Why is Andrew Yang missing?
bou path (3 months ago)
Pete copied Andrew Yang words and UBI platform also there are no true democracy in America if majority medias being racist this time to Andrew Yang
Scott Sloop (4 months ago)
Hehe this video is 4:20 min
Sailing Away (4 months ago)
He bends over for his paycheck.
rodrigo hernandez (4 months ago)
rolback (4 months ago)
Will Petes wife/husband change the White House paint color to Pink? Why doesn’t his husband join him on stage for a kiss and a hug once in a while? I think that would be more genuine and real.
carieyoung1 (4 months ago)
Yes he’s the mayor of SB indiana- if you’ve been here you know he doesn’t have crap
Agile Fast (4 months ago)
A vid that basically wastes time.