Stand up for the facts!
Our only agenda is to publish the truth so you can be an informed participant in democracy.
We need your help.
I would like to contribute
Supporters of Democratic presidential candidate Sen. Bernie Sanders gather at a watch party for a presidential debate at Wynn Las Vegas on Oct. 13, 2015. (Getty Images)
We already know that Bernie Sanders is the only self-proclaimed socialist in the 2016 presidential campaign, but is he also the only non-billionaire?
That’s what many of you heard him say during the first Democratic debate, and many of you wondered if it it was true.
Did #BernieSanders just say he's the only candidate who isn't a billionaire? Pretty sure that isn't true... cc @PolitiFact #DemDebate
— Matthew Raskob (@MatthewRaskob) October 14, 2015
@PolitiFact Did Sanders say he was the only non-billionaire on stage? If so, is that true? #PolitiFactThis
— Jonny Abdal (@JonnyAbdal) October 14, 2015
Sorry, Bernie said “billionaires.” BUT that definitely can’t be right. https://t.co/U883KSvnbb
— Ana Marie Cox (@anamariecox) October 14, 2015
That’s what we thought, too, until we replayed the tape. He was actually making a compound statement that highlighted the Vermont senator’s unique position in the White House race.
"I think there is profound frustration all over this country with establishment politics," Sanders said on Oct. 13. "I am the only candidate running for president who is not a billionaire, who has raised substantial sums of money, and I do not have a super PAC."
Let’s parse out this three-part claim one at a time.
Of course, GOP frontrunner Donald Trump will be the first to tell you that he’s indeed a billionaire, and he’s the only billionaire out of the 15 Republicans and six Democrats running for president.
For the record, all but three candidates are millionaires, according to an analysis by Forbes. With a net worth of $700,000, Sanders is actually less of a pauper than Florida Sen. Marco Rubio ($100,000) and former Maryland Gov. Martin O’Malley (who reports a net worth of $0).
Out of the remaining 20 candidates whose net worths don’t end in nine zeros, Sanders is one of four without his own super PAC, as we noted in a previous fact-check. The others are Democrats Jim Webb, Lincoln Chafee and Lawrence Lessig. (Trump, the sole billionaire, is also PAC-less).
That’s where the third part of Sanders’ claim comes into play: fundraising totals. Sanders has indeed raised "substantial sums." Here, we’re looking at money the candidates have raised directly for their campaigns not money raised on their behalf through super PACs. Through June 30, Sanders raised more than $15 million — that puts him ahead of every candidate except Clinton who posted fundraising totals through the second quarter of 2015. (We should note that July-September fundraising totals should be coming soon.)
Put it all together and here’s what Sanders’ claim looks like — relying on analysis from Forbes on the candidates’ net worths, and super PAC and fundraising information from the Center for Responsive Politics:
CandidateNet worth
Super PAC(s)
Fundraising total (through June 30, 2015)
Donald Trump
$4.5 billion
$1.9 million
Carly Fiorina
$58 million
$1.7 million
Hillary Clinton
$45 million
$47.1 million
Lincoln Chafee
$32 million
$28,000
Ben Carson
$26 million
$10.6 million
Jeb Bush
$22 million
$11.4 million
George Pataki
$13 million
We the People, Not Washington PAC
$255,000
John Kasich
$10 million
$0
Mike Huckabee
$9 million
$2.0 million
Jim Gilmore
$7 million
$0
Jim Webb
$6 million
$0
Bobby Jindal
$5 million
$578,000
Ted Cruz
$3.5 million
Keep the Promise I Keep the Promise II Keep the Promise III
$14.3 million
Chris Christie
$3 million
$0
Rand Paul
$2 million
$6.9 million
Rick Santorum
$2 million
$660,000
Lindsey Graham
$1 million
$3.7 million
Bernie Sanders
$700,000
$15.2 million
Marco Rubio
$100,000
$9.8 million
Martin O’Malley
$0
$2.0 million
Lawrence Lessig
Unknown
$0
As a standalone statement, Sanders’ suggestion that he’s the only candidate that is not a billionaire is clearly incorrect. But in the context he presented it, among a litany of three points, his statement gains considerable more support.
Our Sources
PolitiFact, "Is Bernie Sanders the only presidential candidate without a super PAC?", Sept. 30, 2015
Forbes, "Forbes' 2016 Presidential Candidate Wealth List," Sept. 29, 2015
Center for Responsive Politics, "Behind the Candidates: Campaign Committees and Outside Groups," Oct. 13, 2015
