“Silicon Valley’s candidate” comes off as a California tech billionaire, but he's one of the least wealthy people running for president.
Those familiar with the rough outlines of Andrew Yang’s business career would be forgiven for thinking he’s a savvy tech billionaire. A “serial entrepreneur” who has been dubbed “Silicon Valley’s candidate,” Yang quit a prestigious job to launch a tech startup, sold a company for millions and now runs his own nonprofit. All that’s missing from his billionaire résumé is a billionaire bank account.
Yang is running against. And it’s miles behind his entrepreneurial rivals Michael Bennet , John Delaney and Tom Steyer .in midtown Manhattan, but his largest asset is a 2,700-square-foot home on a quiet block in New Paltz, New York , worth about $500,000. The rest of his fortune is largely tied up in an average joe’s investment portfolio—cash accounts and diversified mutual funds.
He’s come a long way. Born in Schenectady, New York, to Taiwanese immigrants , Yang went from Phillips Exeter Academy to Brown University, where he studied economics, then got a law degree from Columbia. Just five months into a high-paying corporate law career, he quit to launch a startup called Stargiving.com. The site, which helped philanthropic celebrities raise funds for nonprofits, never took off.
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