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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 (625)
habibbi alikafe (1 day ago)
poor ppl hate when others are successful even if they deserve it and worked hard i swear
Fabian Farbeyond (1 day ago)
PETE2020!
Melissa Archibald (1 day ago)
Who is actually for the poor people in our country? there is no more middle class it's long gone. Years ago $27k a year was a fantastic income, today it's the current poverty level.
Harrison Levin (1 day ago)
Where tf was yang?
Harrison Levin (1 day ago)
Kamala or bernie will have my vote
chow tt (1 day ago)
Homosexual prostituting
chow tt (1 day ago)
@B B Obama
B B (1 day ago)
Are you his customer?
Blue Wave 2018 (2 days ago)
Glory hole at the South Bend truck stop
B B (1 day ago)
You stop there often?
PapaJoeB (3 days ago)
Yang2020
Dibald Gyfm (3 days ago)
The background music - oh my. STOP it.
Camille Sauve (3 days ago)
He also is against the commutation of the sentencing of Assange and Chelsey Manning. Not a real progressive.
Cerebral Caustic (4 days ago)
he made his money off buttplugs
B B (1 day ago)
How many did you buy?
Gerard Parker (4 days ago)
Biden got 3.2 mill for a book and speaking??? Who ever decided that should be fired lol
Gerard Parker (4 days ago)
One word: Inheritance.
Left anti pc (5 days ago)
That is all fun and interesting, so where is that tax return from Donald Trump?
The Reborn (5 days ago)
He goes to Wall Street and sells his soul
Marco D (5 days ago)
Now check who funds his campaign, please. Allowing private insurance companies to profit from health care is a HUGE red flag to me.
Stephen Perretti (5 days ago)
When the campaign is over, all the money he has raised becomes his personal property. That's how many millions.
Hvalpikk (5 days ago)
I'm still waiting to hear about how trump made his money and where are his apparently forgotten tax returns?? Let's maintain the focus on the real destructive problem, trump!
Mile Pavlovic (5 days ago)
writing books seems to be the easiest way to get rich in US. That is when TV minded people buy books because who wrote it rather than what is inside.
Frank West (5 days ago)
Mums love him, and mums rule their homes and everyone in it, at the end though, he can’t beat Warren??
Louie Adam (5 days ago)
President Buttigieg 2020
starkeclipse (13 days ago)
#yangmediablackout continues
Mickster Mouseter (13 days ago)
He can't even run his city. How can he be expected to run a country? https://youtu.be/P8y_lKFZvHM
BladeMasterz916 (13 days ago)
I heard Pete Buttigieg speaks 7 languages. Recently he learn to speak Andrew Yang too. https://www.youtube.com/watch?v=MqFbZTZ1JTA&t=127s. Joe Biden also speaks Andrew Yang!
data queen (13 days ago)
Oh please, this is a fake, fake news story. The media is totally in his pocket, which by the way is lined by corporate money. No way would they intentionally smear him.
Liwanag Bautista (13 days ago)
Check out south bend...not good!
Shawn (15 days ago)
Bernie 2020
Chad Pace (16 days ago)
Sorry news turds, the money he's bringing in now is from his corporate overlords, I mean donors.. nice Bernie smear though. You guys must be scared shitless as to the changes he will make.
Alex MacArthur (18 days ago)
Bernie doesn’t want to outlaw making money; rich people exist in ostensibly socialist countries. He just wants the wealthy and corporations to pay their fair share of taxes.
mik richie (18 days ago)
Well, not only is Pete relatable, he's also one of many middle classers. That's a double plus.
Gordon Nichols (18 days ago)
why isnt Andrew Yang covered by MSNC?/
jack b (19 days ago)
Little Petey worked for Mckinsey & Co in Afghanistan and Iraq before deciding being Mayor of South Bend would be a stepping stone to power. He got appointed to Navy Intelligence to check another resume box in his single minded pursuit to be POTUS. He appears to be a life actor whose path to the presidency is paved by the imperial apparatus of the Anglo-American Empire. Little Petey had no hesitation to going to work right out of Harvard for one of the most notorious amoral corporations in the world. He is a dumb leper...groomed to rule over us! "In fact, Buttigieg was asked in an interview what he thought of the company’s misdeeds. On the work pushing OxyContin, he replied that he “hadn’t followed the story.” On collaborating with the murderous Saudi government: "I think you have a lot of smart, well-intentioned people who sometimes view the world in a very innocent way. I wrote my thesis on Graham Greene, who said that innocence is like a dumb leper that has lost his bell, wandering the world, meaning no harm." The dumb leper again! Man, Buttigieg never misses a chance to cite that thesis. Vietnam was poor innocent America wandering the earth and accidentally causing a million deaths. McKinsey consultants are poor, innocent, leprous invalids, too sweet and unworldly to notice that their client is Mohammed bin Salman." https://downwithtyranny.blogspot.com/2019/08/mayo-pete-manufactured-candidate-but-by.html
Elliott Carson (19 days ago)
#YANGGANG2020 #YANGGANG2020 #YANGGANG2020
Elliott Carson (19 days ago)
#YANGGANG2020
Doran Maxwell (19 days ago)
The man turned his city into a homeless deserted shithole that young people can't afford to live in and are afraid to walk the streets at night.
David Moore (15 days ago)
Mayor pete is absolutely a horrible mayor period If you don't believe me look at the demographics of South Bend when his tenure as mayor started and look at it currently, pete's job as mayor has been a disaster. Pete SUCKS, (literally). In 2018 USA Today rated South Bend Indiana the 40th WORST city in America, GO pete! Get them to #1.
KD (20 days ago)
The only guy who really feels what i feel. Mayor Pete for prez!!
Casey Jones (21 days ago)
Middle Class JOE LMAO Yea ok
Guillaume Giroux (21 days ago)
If all legislators were like Buttigieg, we would be driving autonomous flying cars now.
Michael S (21 days ago)
Why doesn’t Pete take his husband’s last name?
B B (1 day ago)
Because his husband took his.
Michael Smallwood (21 days ago)
He looks like the mayor of Whoville, not South Bend.
Mike Johnson (22 days ago)
Scary huh? A man with a husband running for president? Does that mean he’ll be Commander in Chief and First Lady at the same time? God help us all.
Mike Johnson (22 days ago)
Look at all the millionaires up there? Middle class my ass!
Mitch Arney (23 days ago)
He has no chance at becoming the Dem nominee.
William Hicks (23 days ago)
Who cares what these losers made? WHERE IS ANDREW YANG?
William Hicks (23 days ago)
WHERE IS ANDREW YANG? BIASED MUCH? YOU M-F-s!!!
w p (23 days ago)
' What …. me worry ? Alfred E. Buttplug for President ? Right !
w p (23 days ago)
He's usually in the third stall at the Greyhound station !
w p (1 day ago)
@MICHGO1 Sticking my meat in the hole in the wall because your mom's in the second stall !!
w p (1 day ago)
@B B I let him lick my bung , the ol' rim job ! He needed his daily fudge fix !
B B (1 day ago)
@w p How much did you pay him?
w p (20 days ago)
@MICHGO1Collecting everyones' money for 'hummers' .
MICHGO1 (20 days ago)
AND YOU'RE IN THE FIRST.
Life In The Faith Lane (23 days ago)
He's out campaigning while his police department is getting shot at because of racial tension.
Jenn smith (23 days ago)
SO, Pete is the wife.......???
Wells86 (23 days ago)
Is this supposed to be a hit piece? I don't understand
ClayDog (26 days ago)
Bernie is not in the race to win. Just make a lot of $. Pete will make lots of money 💴 in the end
iphigeniaaz (26 days ago)
Manchurian candidate
david nichols (26 days ago)
Money can't buy Buttguy moral integrity!
Troy McKinley (28 days ago)
Buttigieg is pronounced (Buddha Judge)??? I've always thought it was "Butt Geek"...
R Kuriyanov (29 days ago)
He is awesome and also very cute
Jane Leelavathi (29 days ago)
Democratic lobbyists and PACS
JVONROCK (29 days ago)
So the wife holds the purse strings.
Sla V (30 days ago)
Bernie would be the most humble due to the fact he’s been in office 20 plus years and only makes 500k
atrollinbemo (30 days ago)
I'd rather have money source videos on the millionaire candidates lol
Luca Pandolfi (30 days ago)
Yeah, you guys are missing the point with this video. No one cares how Pete made 150 grand personally. We want to know how he is making such large stacks of campaign donations! Where is that money coming from? Videos like this are misleading, trying to make Pete look like an average Joe, when out of nowhere, even though no one can pronounce his name, he has become the best-funded candidate in the race. That is the real story. Stop trying to frame him like someone that is relatable.
Tiger Steele (30 days ago)
THIS LITTLE GUY...CANNOT EVEN RUN HIS OWN STATE!!!! AND HIS HUSBAND??? AMERICA IS NOT READY FOR THIS....!!!!!
nashyteeth (1 month ago)
Here's some even more useful stuff to learn about Pete Buttigieg!: Check it out! https://tyt.com/about/talent/37z5QyEj9eaMo0GQ2EeQE The articles about South Bend Police issues are must-read for understanding Mayor Pete!
Joseph Pinkham (1 month ago)
They're not factoring in cocaine. That takes a big portion of my money.
Mall JZ (1 month ago)
Why do we even care? Trump has not shown his taxes. What matters is we defeat Trump’s lies and false hope
Allen Fepuleai (1 month ago)
Andrew Yang for President! Check out his interview with Joe Rogan on YouTube
John Lilliott (1 month ago)
He's had a lot of high profile politicians plugging his butt , that's how !
King_Abel (1 month ago)
Yang 2020
Andrew Jackson's Taint (1 month ago)
CORRECTION: Peter also pulls in a cool half million in kickbacks from wallstreet backers.. (but I'm sure you just "missed" that one)
Alex Daniel (1 month ago)
Nice to compare his wage to people twice his age but how common is a 6 figure salary to most millennials? This seems more like a chance to smear democrats than a chance to objectively look at policy. But what else can would I expect from CNBC?
Alex Daniel (1 month ago)
Kenneth Geisler but it’s a pointless and arbitrary exercise. It hasn’t delved into policy or actual political history. TBH they could have done this with DT considering he still hasn’t released his tax returns.
Kenneth Geisler (1 month ago)
The point was showing that Pete has the least amount of money than any of the other Democratic candidates. Now if you'd like them to do a piece on who in the Republican Arena has the least amount of money, fair game. Contact CNBC and ask them about it?
stephanie Romero (1 month ago)
As pointed out with the Biden reported income, Money can be hidden. Also, I find it very interesting that not a single media source is looking into the information of Pete:s father and his activities following the Communists beliefs. He wrote literature around it, led a group focusing on it, and was a Harvard instructor. Pete's own brother-in-law has come out expressing concerns that the voters are being misled by Partner/ Pete about their incomes. What say you on these facts?
Lane Kelly (1 month ago)
He and his husband only made $150,000 ! Between two people! He wants us all to live in poverty. The two of them should be making millions per yr. why is that all he can make. Why is he deficient in making money.
Flavor Town (1 month ago)
ALL THIS VIDEO GAVE ME WAS MORE YANG 2020 FEVER
101 Life (1 month ago)
He is no longer running in 2020? Really? Good!
bigbillyz (1 month ago)
What about Yang?
Kathleen Looney (1 month ago)
What was he doing exactly working for McKinsey? That's one creepy place of employment.
CARL Echevarria (1 month ago)
This is a good lesson on how to take something which is perfectly normal/innocent/transparent and make it sound like there is something questionable about "How Pete Buttigeg Makes His Money". Cable news is not worth the cost of the energy it takes to turn on the TV. I would have thought with so many fine examples of objectivity in the media in the past some of this could have survived to today. Nope.
Lauren Eileen (1 month ago)
Disturbing at its best
Billy Bradley (1 month ago)
Petite Pete and his Homosexual husband will spend eternity in hell if they don't turn their lives over to The Good LORD JESUS CHRIST
Recheal j (1 month ago)
it work, received $16,000 from welfarehacks,wordpress,com their service is very legit
Sir Loxley Mendoza (1 month ago)
He teaches little boys how to swallow a corn dog without gagging
jmatt4life (1 month ago)
Pete Bootygig is a POS!!!
V Chin (1 month ago)
Mayor Pete will make a great president since he knows what a working class family has to endure with so little. He’s also young and intelligent. I can trust him to make the right policies for future generations since he will be affected by those policies as well.
Sandi Hackett (4 days ago)
He may be from a working class family but he's not what I would ever want for a President. I can't trust someone like him to deal with American families and their issues.
Sir Loxley Mendoza (1 month ago)
wipe off your Chin lol
Greg O'Callaghan (1 month ago)
Excluding Yang from the candidates? 🤔 way to go CNBC
Stephen Wong Hong Weng (19 days ago)
@sammy clark He did, he is in the red as he ran a charity
sammy clark (29 days ago)
He didn’t release his tax returns yet 🤦‍♂️
atrollinbemo (30 days ago)
Yang gang!
Kim A (1 month ago)
Buttplug is involved in working with illegals, getting them "cards" to make it easier to be here in the U.S. illegally. We have homeless American Citizens in our streets that need help but ole Petey prefers illegals. What kind of monetary kickbacks is he getting under the table? South Bend taxpayers deserve to know!!
Marcial Abrahantes (1 month ago)
Where's Yang?
Sophia Winnett (1 month ago)
Mayor Pete, 2020. Understands the middle class he is one.
Nick Machiavelli (1 month ago)
Sophia Winnett fake acct
kihara 111 (1 month ago)
@Sir Loxley Mendoza get your homophobic self out of here and learn that the world is changing 🏳️‍🌈love is love🏳️‍🌈
Sir Loxley Mendoza (1 month ago)
America is 99% straight he knows nothing about American families
kihara 111 (1 month ago)
Preach 🙏🏽
Ian McGregor (1 month ago)
He's just another lefty loon hypocrite who disgraces the uniform he once wore. Now he's anti law enforcement and alerts illegal immigrants hiding in America when ICE is doing their job.
Andrew G (1 month ago)
Where is Andrew Yang??? 2020!!!!
starkeclipse (13 days ago)
@kihara 111 The UBI thing is huge for me, but mostly because I'm a nurse and have been a teacher. I have seen, and continue to see, the people in this country who are disproportionately held down by their financial situation. I want all people to have a their needs met - food, clothing, healthcare, safety. UBI is something that would help numerous facets of life for those struggling hardest.
Khumukcham Narendra (30 days ago)
Yang is a millionaire
Andrew G (1 month ago)
kihara 111 well I’m pretty sure not all people are voting only for this. Yang wants to invest in our families and children I can’t stress enough how important this is! I’ll give an example how Germany after world war 2 invested everything in kids and look where are they now , if you want real change we should invest everything in our kids bc they are the future!
kihara 111 (1 month ago)
@Andrew G well some people are only voting because of that that is why i am asking 🙄
Andrew G (1 month ago)
No not only for that you gotta be stupid to only go for that, I vote for him because he wants to solve the real problems like poverty, real trade issues, big corporations chipping in , personalised gun control and so much more!
Jason Barnes (1 month ago)
It's really amazing how much of a disadvantage Pete was at when he first came on the scene but yet managed to climb to the top in only a couple months. It's even more amazing that that happened just by him opening his mouth. There's definitely something to be said about that. It's yet to be seen if he'll garner the top prize in 2020 but no one can doubt the grassroots movement he was able to cultivate.
Family Adventure (1 month ago)
Once again let’s exclude Andrew Yang. Bias nbc
zach mink (1 month ago)
Is it a conflict of interest that he has 130K in Student Debt, but is promoting a policy that would eliminate that debt?
Gaile Burchill (1 month ago)
He actually is not one promoting a policy of straight debt elimination. His program includes a mix of national service pay back options, lowering interest rates and debt elimination for predatory for profit colleges. There is additional assistance for very low income graduates. He also has front end plans to help make college more affordable but he's not suggesting free college for everyone like some candidates are. Check out www.peteforamerica.com
theking8356 (1 month ago)
So, the music sounds like goku when he turned super saiyan against frieza for the 1st time...
Grey Hat (1 month ago)
🇺🇸🗽Pete Buttigieg  Tulsi Gabbard 2020🗽🇺🇸
Nick Machiavelli (1 month ago)
Grey Hat fake acct
Grey Hat (1 month ago)
Buy his book...
Mein Tortzuhrwelt (1 month ago)
@any commenter, deeming these info useless or a waste of time You support the latest trend of corruption on in the highest office in this country. Breaking with the tradition of POTUS' disclosing their fiscal records was terrible. Denial of transparency is one more step of eroding public faith in general.  I think, we should acknowledge these little checks into the backgrounds of candidates as a much needed back to normal, an early attempt to bounce back from the never-ending faults pas of the sitting president.
YNWA Salah (1 month ago)
Yet again no mention of #Yang2020
USA Arts (1 month ago)
Mayor Pete Buttigieg is the most honest, patriotic, intellectual candidate for Nov 2020. ❌Crazy dotard trump ranting for his crazy audience...negative deflection on his insecurities. ❌Trump supporters and Republicans tolerated his craziness, lies, racist & sexual assault behavior ❌This #CrazyTrump reality show will be cancelled in NOV 2020. ❌Let's vote a competent, intellectual uncorrupt President who can read & write in Nov 2020
Ghostmeister (1 month ago)
This man premotes insanity and racism. Why does him not making money matter. If your only looking at this video to create an opinion about him then you shouldn't vote at all. b.c your very misinformed.
Mr G Man (1 month ago)
In Romans 1:26-27, Paul said, “For this reason God gave them over to degrading passions; for their women exchanged the natural function for that which is unnatural, and in the same way also the men abandoned the natural function of the woman and burned in their desire toward one another, men with men committing indecent acts and receiving in their own persons the due penalty of their error.” The Bible says homosexuality is against God’s natural law with severe consequences. You can be forgiven of homosexuality. You can be forgiven of any sin. But to be forgiven of a sin, you must admit you have sinned.
Mr G Man (1 month ago)
If there is a man who lies with a male as those who lie with a woman, both of them have committed a detestable act. –Leviticus 20:13