Kyle Khan-Mullins is a Forbes reporter on the money in politics team, investigating megadonors, fundraising organizations and the wealth of those holding or seeking public office. He joined Forbes in 2023 and works in Washington state. Khan-Mullins has covered the fortunes of Donald Trump, other presidential candidates, and Supreme Court justices.
e’s a disaster with his credit cards … He certainly lives above his means,” Donald Trump said in 2015 about Florida Senator Marco Rubio , then his opponent in the race for the White House. Rubio dismissed Trump’s claims on Good Morning America, arguing that he only had two debts at the time: his home mortgage and what he owed the country “because of everything it’s made possible for me and my family.” Indeed, he reported no credit card debt in 2014 or 2015—but Trump wasn’t far off.
That’s even less than what he reported in 2015, when his filings showed between $135,000 and $400,000 in non-real estate wealth. His home, meanwhile, was worth less than he owed on it in 2015, according toOne reason for the drop in Rubio’s investments’ value could be that three of his four kids have hit college age since 2015. A spokesperson declined to comment.
Rubio has come a long way. Born in Miami in 1971 to Cuban immigrants who fled the autocratic Batista regime before the revolution, he credits his interest in public service to his ancestors’ native country’s turn toward communism. After earning a bachelor’s from the University of Florida in 1993 and a law degree from the University of Miami in 1996—taking on tons of student debt in the process—he won a seat on the West Miami City Commission in 1998.
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