Andrew Yang is an American politician, businessman, entrepreneur, author, and lawyer. Yang is one of the prominent public figures in the United States.
He gained nationwide popularity in 2019 after announcing his intention to run for the Democratic nomination in the 2020 United States Presidential election. Prior to the 2020 U.S. presidential elections, he had been actively involved in politics and social work.
Andrew Yang left the Democratic Party in 2021 and formed his own political party called Centrist Political Action Committee. His supporters coined a name for themselves “The Yang Gang.”
Andrew Yang’s net worth is estimated to be around $2 million. In this article, we will uncover a lot about Andrew Yang, including his biography, career, wife, family, education, business, and more.
|Place of Birth||Schenectady, New York, United States|
|Date of Birth||January 13, 1975|
|Age||48 Yrs (2023)|
|Height||1.78m. (5’ 10”)|
|Weight||68 kg or 150 lbs|
|Eye Color||Dark Brown|
|Education||Center for Talented Youth, Phillips Exeter Academy, Brown University, Columbia Law School|
|Profession||Politician, Lawyer, Businessman, Entrepreneur, Author|
|Net Worth||$2 million|
Early Life and Biography
Andrew Yang was born in Schenectady, New York on January 13, 1975. The family he was born into a comfortable and well-to-do family. His parents migrated from Taiwan to the U.S. in the 1960s and were well-educated.
His parents met at graduate school at the University of California, Berkeley. While his father worked in a research lab shortly after completing his Ph.D. in physics, his mother has a master’s degree in statistics.
Andrew was raised in Somers in Westchester County, New York with his elder brother Lawrence Yang. Growing up, Andrew had several interests; he played Dungeons & Dragons as well as tennis and the piano.
Andrew was enrolled in prominent academic institutions. He had a small stature and was one of the few Asian students in school, making him an easy target for bullies. He faced racism due to his Taiwanese ethnicity.
Yang was exceptionally intelligent at school and skipped a grade. At the age of 12, Andrew scored 1220 points from a possible 1600 on the SAT in the U.S., admitting him to Johns Hopkins University’s Center for Talented Youth, which is a summer educational program for talented children, which he attended for the following five summers.
Yang’s parents ensured he got a quality education, so they enrolled him in reputable educational institutions. His parents sent him to Phillips Exeter Academy, one of the prominent schools in New Hampshire. There, he was part of the 1992 United States National Debate team that competed in the 1992 World Championships in London.
After completing his high school education, Yang enrolled at Brown University in Providence, Rhode Island, where he graduated in 1996 with a major in economics and political science.
Later, he enrolled at Columbia University’s law school. There, he graduated in 1999; acquiring a Juris Doctor. Yang enrolled at the University of Pennsylvania, where he received a Master of Science in Economics from the Wharton Business School.
Andrew Yang has built a beautiful life and career for himself, having acquired training and education from different quarters.
After completing his education, Andrew opened his law firm, Venture Law Group, in New York City. On the other hand, his older brother Lawrence is a professor of psychology at New York University.
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Andrew Yang started his career by working as an attorney and began his graduation from law school. He worked as a corporate attorney at Davis Polk & Wardwell, a law firm based in New York City, but resigned after five months because he found the job grueling and taxing.
In February 2000, he founded Stargiving, an online platform for celebrity-focused charitable fundraising with his pal Jonathan Phillips. Sadly, the website fell victim to the first dot-com bubble’s bursting.
Between 2002 to 2005, Andrew served as the Vice President of a healthcare startup. In 2005, he joined his partner Zeke Vanderhoek at “Manhattan Prep,” a test prep company. After one year of joining Manhattan Prep, Yang took over as the company’s CEO.
The company focused mostly on GMAT. Under Yang’s leadership, the company grew from 5 to 69 locations, and in 2009, the company’s revenues peaked at $11 million.
At the end of 2009, Manhattan Prep was acquired by Kaplan, Inc., a testing giant. Yang stayed in the role at Manhattan Prep to facilitate a smooth transition to the new owners and left in early 2012.
In 2011, Yang created a not-for-profit program “Venture for America.” The objective of this initiative is to create economic opportunities in U.S. cities by training and mobilizing young entrepreneurs and providing them with the skills, resources, and support they need to create jobs.
Venture for America (VFA) took the best college graduates in the United States and gave them two-year fellowships with startups in developing cities such as Birmingham and Detroit instead of employing them in boring, unfulfilling, and backbreaking jobs in the big cities.
Andrew Yang launched Venture for Africa with $200,0000. The program trained 40 graduates from American universities in 2012 and 69 the next year (2013) in jobs in Detroit, Las Vegas, Baltimore, Cincinnati, Cleveland, Philadelphia, New Orleans, and Providence, Rhode Island, which happens to be where his alma mater Brown University is based.
In 2014, VFA trained 106 new graduates in its program and added new cities like Miami, San Antonio, Columbus, and St. Louis. In 2017, Venture for America had reached 20 cities, including the likes of Nashville, Denver, Atlanta, and many others,
In March of 2017, Yang stepped down from his position as VFA’s CEO to focus on his presidential ambition.
As an author, Andrew Yang has written several books such as:
- Smart People Should Build Things: How to Restore Our Culture of Achievement.
- Build a Path for Entrepreneurs.
- Create New Jobs in America and The War on Normal People: The Truth About America’s Disappearing Jobs and Why Universal Basic Income Is Our Future
Andrew Yang served in Barack Obama’s administration and in 2011, he became the Presidential Ambassador for Global Entrepreneurship. In 2017, Yang indicated his interest in running for the Democratic nomination in the 2020 U.S. presidential elections.
One of the policies he revealed in his campaigns is the “Freedom Dividend,” which would provide every American over 18 years with $1,000 monthly in universal basic income. Yang’s policies made him popular among the masses and his campaigns focused mainly on responding to the rapid development of automation, which is one of the common causes of challenges in the workforce and economic sectors.
Andrew Yang relied on internet platforms for his campaigns, boosting his online popularity. The New York Times called him “The Internet’s Favorite Candidate” due to his fame across internet platforms and his heavy reliance on websites like Facebook, Twitter, Reddit, Instagram, and others.
Andrew Yang’s supporters also had a name tag and were informally known as the Yang Gang. Some of the popular slogans used by Yang during his campaigns are “Make America Think Harder (MATH),” “Humanity First,” and “Not Left, Not Right, Forward.”
Andrew Yang was endorsed by several popular personalities, including comedian Dave Chappelle, actor Donald Glover, Zappos founder Tony Hseih, actor and doctor Ken Jeong, actress Teri Hatcher, and Tesla and SpaceX founder Elon Musk.
Also, he received donations from former Twitter CEO Jack Dorsey, Ryan Higa, Weezer frontman Rivers Cuomo, and actors Noah Centineo and Nicholas Cage.
In an interview with CNN, Andrew Yang labeled Donald Trump‘s attempt to delay the U.S. presidential election another distraction following his awful handling of COVID-19 in the United States. He also claimed that 72% of Americans feel they are living in the worst period of their lives, which reduces Trump’s chances of being reelected.
In 2021, Yang left the Democratic Party to establish his own party “Centrist Political Action Committee.”
Andrew Yang is married to Evelyn Lu. They got married in 2011 and have two sons; one of whom has autism. He resides in New Paltz, New York City, with his wife and children. He attends the Reformed Church of New Paltz in New York.
Yang acknowledged Theodore Roosevelt as his favorite president. He also claimed to be the godfather of Theodore’s great-granddaughter.
Andrew Yang Net Worth
Andrew Yang is well-versed in different sectors and has enjoyed a successful career in business, law, and politics. Yang started his career as an attorney before delving into several businesses, allowing him to raise money to fund his political career.
He made a good amount of money from his business firm and the political sector as well. According to reputable sources, Andrew Yang has a net worth of $2 million.
You may be wondering to know how Yang built his net worth to millions. Remember Andrew Yang rose to fame in 2020 after his intention to run for President. At the end of his campaign, he stumped for Joe Biden, who later emerged as the 44th president of the United States.
Andrew began his work career at Manhattan Prep and quickly rose through the ranks of the company. In 2006, he became the CEO of Manhattan Prep. The company thrived under his leadership as its revenues reached $11 million by 2009.
The company’s success was a boost to Yang and the rest of his partners. Later, the company was sold to Kaplan for millions. Although Yang didn’t reveal how much he sold how much the company was sold or how he received from the sale it is widely believed the company was sold for tens of millions.
Yang made a $121,000 seed-funding investment in the launch of “Venture for America,” which offers a two-year fellowship to graduate students and gives them the opportunity to work for startups in places such as Detroit, Cleveland, and Birmingham.
As an entrepreneur, Andrew Yang’s most expensive asset is his 2,700-square-foot property in New Paltz, New York City. This property is valued at $500,000. The rest of his net worth is spread across other areas such as a standard investment portfolio consisting of diversified mutual funds and low-risk assets.
Aside from that, Andrew Yang owns small holdings in Lending Club stock and Google stock. A financial disclosure report showed his only Silicon Valley investment, which was a stake in Hustle Fund I, LP, a small venture capitalist firm investing in “hilariously early startups.” Many sources claim Yang’s stake in the company is around $14,000 to $50,000.
Andrew Yang is an accomplished businessman, author, lawyer, and politician. He has a decent net worth and maintains successful business organizations and programs in the United States of America.