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Much of Beto O’Rourke’s wealth came from his parents and his wife.
O’Rourke co-owns a shopping mall worth seven figures; He received his half as a gift from his mother.
O'Rourke - Wife - Trust - Fund
O’Rourke’s wife has a trust fund valued between $1 million and $5 million.
In early 2017, Beto sold an apartment complex, which he co-owned with his mom, to a family friend and campaign donor.
Candidate - Beto - O'Rourke - Man - Family
Democratic presidential candidate Beto O’Rourke is a wealthy man, and he has his family to thank for that.
Beto and his wife, Amy Sanders O’Rourke, together own assets worth between $2.4 million and $11.3 million, according to an analysis of O’Rourke’s most recent congressional financial disclosure by The Daily Caller New Foundation.
Liability - Home - Mortgage - Range - Hedge
His only reported liability is his home mortgage, listed between $250,000 and $500,000, roughly the same range as his hedge fund investments alone, which are valued between $200,002 and $500,000.
The majority of Beto’s wealth came through his parents and wife, public records show.
Beto - Gift - From - Mom - Co-Ownership
Beto’s Gift From Mom: Co-Ownership Of A Seven Figure Commercial Property
The commercial property, an El Paso strip mall called PepperTree Square, is home to two restaurants, a tennis shop and a hair salon, among other tenants.
O'Rourke - Mother - Melissa - O'Rourke - Beto
O’Rourke’s mother, Melissa O’Rourke, gave Beto his share of the property in 2012, according to his financial disclosures.
O’Rourke’s most recent financial disclosure, filed in February, reported between $100,001 and $1 million in income from PepperTree rent in 2018.
O'Rourke - Campaign - Meet-and-greet - Literarity - Books
O’Rourke held a campaign meet-and-greet at Literarity Books, one of Peppertree’s tenants, in December 2017. A Facebook video Literarity posted shows Beto fans milling about the quaint bookstore.
PepperTree’s longtime “anchor tenant” was Charlotte’s, an upscale furniture store owned by Beto’s mother, Melissa O’Rourke, the Houston Chronicle reported. She closed the store in early 2017.
Charlotte - IRS - Rules - Cash - Payments
In 2010, Charlotte’s was fined $250,000 for evading IRS rules on reporting large cash payments.
The furniture store allegedly received more than $630,000...
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