In September 2023, a user on X posted that U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., perhaps best known simply as AOC, had achieved the status of a multi-millionaire after serving in Congress for just over four years.
Many other users repeated the same rumor about her finances in subsequent tweets, not to mention the fact that we've also received reader mail about this subject in the past.
However, according to Ocasio-Cortez's own financial disclosures that were posted to the U.S. House website, this rumor was false.
As Reuters previously reported in August 2022, Ocasio-Cortez's financial disclosures showed that she was far from being a millionaire, much less a multi-millionaire. (Her campaign website ocasiocortez.com also mentioned this same article.)
According to the most recent disclosure from 2023, Ocasio-Cortez had documented that she had no more than between $1,001 and $15,000 in each of three different bank accounts. The total for these three accounts would land somewhere between $3,003 and $45,000.
She also recorded in the disclosure having between $1,001 and $15,000 in additional funds in a fourth account for a 401k plan.
Further, she noted in the disclosure that she was still paying off student loans, with an "amount of liability" landing somewhere between $15,001 and $50,000.
In other words, Ocasio-Cortez was at least $940,000 short of being a millionaire, with the maximum possible amount of the four accounts totaling $60,000, and that's before even factoring in her student loan debt.
By email, we presented the Reuters article and the financial disclosures to Ocasio-Cortez's press office and asked if they had any further comment or resources. "Nothing to add," they replied.
We previously reported on a similar false rumor that claimed Ocasio-Cortez owned one of the world's most expensive houses.