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Eric Adams Net Worth (FORBES) $16 Million

Assets
Posted on November 2, 2023 by James Heckman

Table of Contents
The Mayor of New York City, Eric Adams, boasts a notable net worth of $16 million
as of 2023. Beyond his $258k annual salary, Eric Adams garners substantial
earnings from lobbying efforts and entrepreneurial endeavors. In recent years,
his net worth has seen a staggering surge, increasing by approximately 300%.

Eric Adams Net Worth 2023

Net Worth $16 Million

Annual Income $4 Million

Mayor Salary $258,750

Anonymous Gifts $1.5 Million

Stock Portfolio $3.9 Million

Bank Balance $2.6 Million

Eric Adams House

Today, Adams resides in a 4-bedroom luxury penthouse in New York, which he
purchased for $4.7 million. Though this property with a view of Central Park
originally had a $10 million price tag, he managed to get it for half that amount
with assistance from a wealthy Democrat supporter. This deal has caught the
attention of many. AOC Net Worth

Real Estate Assets

New York City Mayor, Eric Adams, has a notable real estate portfolio in the region,
as revealed in recently leaked documents on Twitter. He is the owner of a four-
nit townhouse located in Bedford-Stuyvesant, Brooklyn, with an estimated value
ranging from $250,000 to $500,000. Joe Biden Wealth

Additionally, he possesses a one-bedroom co-op in Crown Heights, Brooklyn,

which also falls within the $250,000 to $500,000 value bracket. Venturing outside
of New York, Adams also holds a two-bedroom co-op in Fort Lee, New Jersey,
with its worth estimated to be between $500,000 and $1 million.

Adams has strategically purchased several properties under his family’s name,
presumably to sidestep potential legal complications. His real estate portfolio
includes two apartments valued at $2.1 million, along with a villa in Florida. Gavin
Newsom Net Worth

Adams has strategically purchased several properties under his family’s name,
presumably to sidestep potential legal complications. His real estate portfolio
includes two apartments valued at $2.1 million, along with a villa in Florida.

Car Collection
From the onset of his career, Eric Adams has had a penchant for flaunting his
luxury cars. Presently, he boasts a collection of ten vehicles.

His latest acquisition is the Mercedes-AMG E63, which cost him $120,000.
Additionally, Adams’s fleet includes prestigious models like the Porsche
Panamera, BMW M5, Audi RS7, Lexus LC 500, and the Lincoln Continental. Rudy
Giuliani Net Worth

Net Worth Timeline

Eric Adams Net Worth 2023 $16 Million

Eric Adams Net Worth 2022 $13 Million

Eric Adams Net Worth 2021 $5 Million

Eric Adams Net Worth 2010 $1 Million

Eric Adams Net Worth 2005 $850,000

Eric Adams Net Worth 2000 $500,000

Eric Adams Life Story

Eric Leroy Adams was born on September 1, 1960, in Brownsville, Brooklyn, New
York. He was the fourth of six children born to Dorothy and Joe Adams. His father
was a veteran of World War II and his mother was a homemaker.

Adams grew up in a tough neighborhood, but he was determined to succeed. He

was a good student and an athlete. He played basketball and football for his
high school, and he was awarded a scholarship to attend New York University.

At NYU, Adams studied political science. He graduated in 1982 and joined the
New York City Transit Police. In 1984, he transferred to the New York City Police
Department.

Adams served in the NYPD for 22 years. He rose through the ranks, eventually
becoming a captain. He was known as a tough but fair cop. He was also a vocal
advocate for police reform.

Entry into Politics

In2006, Adams retired from the NYPD to run for the New York State Senate. He
was elected and served two terms. In 2013, he was elected to the New York City
Council. He represented the 20th district, which includes Brownsville and East
Flatbush.

As a city councilman, Adams was a vocal advocate for social justice and
economic development. He also worked to improve the relationship between the
police and the community.

Brooklyn Borough President

In2017, Adams was elected Brooklyn Borough President. As borough president, he
oversaw a budget of over $6 billion and a staff of over 1,000 people. He also
served on the New York City Board of Estimate.

As borough president, Adams focused on economic development, affordable

housing, and public safety. He also worked to improve the quality of life for
Brooklyn residents.

Mayor of New York City

In2021, Adams announced his candidacy for mayor of New York City. He ran on a
platform of public safety, economic recovery, and social justice. He won the
Democratic primary and the general election.

Adams was inaugurated as mayor of New York City on January 1, 2022. He is the
second African-American mayor of the city, after David Dinkins.

Accomplishments as Mayor
Adams has faced a number of challenges as mayor. He has been criticized for
his handling of the COVID-19 pandemic, the rise in crime, and the city’s
homelessness crisis. However, he has also been praised for his efforts to address
these issues.

Here are some of Adams’s notable accomplishments as mayor so far:

He has launched a number of initiatives to address the city’s homelessness

crisis, including the creation of a new office to coordinate the city’s response
to homelessness.
He has increased funding for the New York City Police Department, but he has
also called for police reform.
He has worked to improve the city’s economy, including by attracting new
businesses to the city.
He has also worked to make the city more affordable for residents, including
by expanding the city’s affordable housing program.

Adams is still in his first year as mayor, but he has already made a significant
impact on the city. He is a hard worker and a dedicated public servant. He is also
a man of the people, and he is committed to making New York City a better
place for everyone.

Conclusion
Eric Adams’ net worth is expected to grow in the coming years at a consistent
rate of 100% annually. Adams built his wealth through a combination of hard
work, smart investments, and financial discipline. Eric Adams is also a strong
advocate for financial literacy. He believes that everyone should have the
knowledge and skills they need to manage their finances effectively.

©2023 Net Worth Club 2023