Has Andrew Cuomo resigned? Will it affect his net worth?
The three-term governor of New York City Andrew Cuomo has officially announced that he will be resigning as governor of NYC, effective in fourteen days. “The best way I can help now is if I step aside and let the government get back to governing,” Cuomo said during a press conference on Tuesday. “And, therefore, that’s what I’ll do. Because I work for you. And doing the right thing is doing the right thing for you.”
Of course, this all stems from the investigation which was launched by the state attorney general’s office, which found that Andrew Cuomo had sexually harassed eleven different women, a claim which Andrew Cuomo has consistently denied over the past year. Cuomo, who first took office back in 2011 has been the brunt of much criticism in the past couple of years, with both the allegations as well as the COVID-19 pandemic.
Of course, many will recall how New York City served as the epicenter of the COVID-19 pandemic, in which Andrew Cuomo was also involved in an alleged nursing home scandal where he might’ve lied about the number of elderly deaths. That being said, Andrew Cuomo has still managed to escape with a pretty penny, given his recent book as well as time served as governor. Will this resignation affect Andrew Cuomo’s net worth?
American Crisis: Leadership Lessons from the COVID-19 Pandemic
Andrew Cuomo, whose popularity skyrocketed with some during the start of the global pandemic last March, was able to land a major book deal worth seven figures not long ago, as publishers negotiated a deal with Cuomo in a move that can only be compared to “striking while the iron is hot”.
By industry standards, a deal worth that much is a bit lucrative, surely boosting Andrew Cuomo’s net worth to new heights in the process. The book revolves around the celebrated response of Andrew Cuomo’s handling of the COVID-19 pandemic, which saw for many months New York City as the U.S. epicenter of the virus. The deal was initiated by Crown Publishing Group, a subsidiary of Penguin Random House.
However, reports of Cuomo’s book, which debuted on October 13th, 2020, and its sales have reportedly tanked amid mounting allegations of inappropriate sexual behavior. A BookScan rep confirmed with the New York Post that “the title’s sales have dropped in the last five weeks, and for context, this is not reflective of a larger market trend.” Just what allegations are they referring to?
Allegations against Andrew Cuomo
Not long ago, a third woman came forward accusing New York Governor Andrew Cuomo of unwanted advancements and sexual assault. She claimed that, during a 2019 wedding, Cuomo rubbed her back, touched her face, and even asked to kiss her. The other two accusations made a few weeks prior range from asking employees about their “sex life” to soliciting a former aide to play a round of “strip poker”.
While Cuomo himself has minimized the claims via his Twitter account, other lawmakers, as well as advocacy groups, called for a full investigation into these accusations, sparking many to call for the Governor to resign from his position. This is all added on top of the COVID-19 related controversies surrounding the governor, who allegedly lied about the number of nursing home deaths related to the virus.
Of course, this leads us to today, where Cuomo, after many more allegations of sexual harassment, has finally relinquished his power & political title. That being said, just what is Andrew Cuomo’s net worth? As well, will this recent news affect the net worth of Andrew Cuomo?
Andrew Cuomo’s net worth
So, just what is Andrew Cuomo’s net worth? Celebrity Net Worth reports that Andrew Cuomo has a current net worth of $5 million.
As the Governor of New York, Andrew Cuomo makes an average annual income of $200,000, which means that he must rely on other avenues in order to get to that impressive seven-figure number.
But can a book deal really bring in this much scratch? As it turns out, Andrew Cuomo did make over a million dollars between 2004-2005 while he worked as a real estate advisor to tycoon Andrew Farkas. As well, a 2015 disclosure shows that he made an additional $650,000 in book royalties from his previous projects. However, expect this trend of book sales to continue to fall for this once NYC governor.