Bob Menendez Net Worth 2025 and Salary: Bob Menendez is a former U.S. Senator from New Jersey (2006-2024) with a reported net worth of $600,000 according to Senate financial disclosures, who faces legal troubles after federal prosecutors discovered $480,000 in cash and gold bars worth over $100,000 during a 2023 raid, leading to his conviction on corruption charges and an 11-year prison sentence in January 2025.
Key Facts
- Bob Menendez’s net worth is approximately $600,000 according to official financial disclosures.
- He served as U.S. Senator from New Jersey from 2006 to 2024.
- Federal prosecutors found $480,000 in cash and over $100,000 in gold bars during a 2023 raid.
- He was sentenced to 11 years in prison in January 2025 for corruption and bribery.
Early Life and Education
Robert Menendez was born on January 1, 1954, in New York City to Cuban immigrant parents. His father Mario worked as a carpenter while his mother Evangelina was a seamstress.
The family moved to New Jersey where Menendez grew up in a Union City apartment.
He attended Union Hill High School and became the first in his family to attend college, graduating from Saint Peter’s University with a political science degree.
He later earned his law degree from Rutgers Law School in 1979.
Career Overview
Menendez began his political career at age 20 when he won election to the Union City School Board in 1974.
He served as mayor of Union City from 1986 to 1992 while simultaneously holding positions in the New Jersey Legislature. In 1992, he won election to the U.S. House of Representatives and served until 2006.
Governor Jon Corzine appointed him to fill a vacant Senate seat in 2006, and he won subsequent elections in 2006, 2012, and 2018.
Legal Issues and Net Worth
The FBI raided Menendez’s home in 2023, discovering $480,000 in cash and gold bars worth over $100,000. Prosecutors indicted him on federal corruption charges for allegedly aiding Egypt and Qatar in exchange for bribes. His wife Nadine was also charged.
A jury convicted him on all counts in July 2024, including bribery, extortion, and acting as a foreign agent. He resigned from the Senate in August 2024 and received an 11-year prison sentence in January 2025.
Personal Life and Family
Menendez married Jane Jacobsen in 1976 and had two children – Alicia, an MSNBC host, and Rob, who serves in Congress. After divorcing in 2005, he married Nadine Arslanian in 2020.
He has lived in various New Jersey locations including Hoboken, North Bergen, Paramus, Harrison and most recently Englewood Cliffs.
Properties and Assets
Financial disclosures show relatively modest wealth for a long-serving senator, with a reported net worth around $600,000 prior to his legal troubles.
The criminal investigation revealed previously undisclosed assets including cash and gold bars found in his home. His wife Nadine sold gold bars worth up to $400,000 in the year before their indictment.
Latest News
In January 2025, Judge Sidney H. Stein sentenced Menendez to 11 years in federal prison for corruption and bribery convictions. His prison term begins June 6, 2025, allowing him to attend his wife’s upcoming trial. He maintains his innocence and has appealed to former President Trump for clemency.
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