Quick Facts

Rahm Emanuel is a well-known personality in the politics of the United States. He has served in various high-level positions in the United States. He is currently serving as the United States Ambassador to Japan. In the years of 2003, he was also selected as the United States House of Representatives for Illinois and served in this position till the years of 2009.

How much is the Net worth of Rahm Emanuel?

Rahm Emanuel is a politician from the United States who is worth $14 million. Rahm’s assets were valued between $6 and $17 million, according to the most recent financial statement he made public. He makes between $150,00 and $500,000 a year in salary, dividends, speaking engagements, and capital gains. Emanuel worked on David Robinson’s campaign for the Chicago congressional seat, where he developed a reputation for assiduous fundraising. He later held a number of other political roles, including those of U.S. Representative and White House Chief of Staff (for President Barack Obama). The 1992 presidential campaign of Bill Clinton hired Emanuel as director of finance thanks in part to his aptitude for fundraising.

Emanuel, the fourth-highest ranked member of the House Democratic leadership, was chosen by the newly elected Democratic majority in January 2007 to lead the Democratic Caucus. Emanuel resigned from his position as Obama’s chief of staff on September 30, 2010, in order to run for mayor of Chicago. He was chosen as Chicago’s 55th mayor on February 22, 2011, and he held office until May 20, 2019. Ari Emanuel, Rahm’s brother, is a super-agent in Hollywood and the co-CEO of William Morris Endeavor-IMG. On HBO’s “Entourage,” Jeremy Piven’s character Ari Gold was modeled after Ari.

Real Estate

A 2,700 square foot house in Chicago’s Ravenswood area cost Rahm and Amy $695,000 in 1998. While Emanuel was working in Washington, D.C., the couple rented out the 4-bedroom property; nevertheless, in 2011, they returned.

Early Years and Bio

Rahm Israel Emanuel was born Rahm Emanuel in Chicago, Illinois, on November 29, 1959. His mother Marsha once ran the Daisy Patch, a rock and roll bar in Chicago, while his father Benjamin worked as a pediatrician at Michael Reese Hospital. Rahm was raised by his older brother Ezekiel, his younger brother Ari Emanuel, and his younger sister Shoshana in a Jewish home (who was adopted as a newborn after her biological mother brought her to Michael Reese Hospital, intending to give her away).

He went to summer camp in Israel with his brothers in addition to attending Bernard Zell Anshe Emet Day School, Locust Junior High School, Romona School, and New Trier High School. Also, He studied dance at The Joel Hall Dance Center and Evanston School of Ballet, but he chose to enroll at Sarah Lawrence College despite being given the opportunity to get a scholarship to the Joffrey Ballet.

He received a Bachelor of Arts in Liberal Arts from Sarah Lawrence University in 1981 and served on the student government there. Emanuel graduated from Northwestern University with a Master of Arts in Speech & Communication in 1985. Rahm injured his middle finger on a meat slicer by accident when he was a youngster; it became infected after he went swimming in Lake Michigan, leading to the partial amputation of his finger.

What is the Professional Career of Rahm Emanuel?

Emanuel’s involvement with Illinois Public Action, a consumer rights and public interest organization, marked the beginning of his political career. He assisted Democrat Paul Simon in his 1984 Senate race, and four years later, he served as the national campaign director for the Democratic Congressional Campaign Committee. Rahm served as the senior advisor and primary fund-raiser for Richard M. Daley’s 1989 mayoral campaign in Chicago. He later joined Bill Clinton’s primary campaign as the finance committee director, aiding Clinton in raising $72 million. Emanuel was one of Clinton’s top advisers at the White House from 1993 to 1998; he began as the president’s assistant for political affairs before rising to the position of senior advisor for policy and strategy.

While working on Clinton’s presidential campaign, Rahm was on paid retainer at the investment bank Goldman Sachs. In 1998, Rahm left the Clinton administration and started working at a new investment bank, Wasserstein Perella. Emanuel was appointed to the Freddie Mac Board of Directors by President Clinton in 2000, but he left the board the following year to concentrate on his congressional campaign. On January 3, 2003, Rahm won the Republican primary against Mark Augusti and took his seat in the House of Representatives. After Bob Matsui’s death in early 2005, he was quickly appointed to the House Financial Services Committee and elevated to the position of chairman of the Democratic Congressional Campaign Committee.

Emanuel held it till January 2007, after which he presided over the House Democratic Caucus from January 3 until January 2, 2009, which was his final day in office. On November 6, 2008, Rahm was appointed as the White House chief of staff for the Obama administration. He held the position from January 20, 2009, to October 1, 2010. Emanuel was referred to as “perhaps the most powerful chief of staff of a generation” in a 2009 story in “The New York Times.” Rahm initially advocated for a more modest health care plan and opposed Obama’s Affordable Care Act plan, but he later stated that he was relieved that Obama ignored his advice. In September 2010, Emanuel resigned as chief of staff to run for mayor of Chicago.

Career as a Mayor

Emanuel’s eligibility was contested because he hadn’t lived in Chicago for a year before to the election, but the Cook County Circuit Court and Board of Elections upheld that decision. In January 2011, an appeals court overturned the Circuit Court’s ruling, but the Illinois Supreme Court later upheld Rahm’s eligibility. Emanuel won the election on February 22, 2011, with 55% of the vote, and on May 16, 2011, he took the oath of office at the Pritzker Pavilion, becoming the city’s first Jewish mayor.

Despite declaring he would compete for re-election in 2019 after being re-elected in 2015, Rahm later altered his mind, saying it was time to “write the next chapter.” Due to his dedication to education while serving as mayor, NUI Galway in Galway, Ireland—sister Chicago’s city—presented Emanuel with an honorary Doctor of Laws degree in April 2018. Rahm has worked as a senior counselor at Centerview Partners and a contributor at “ABC News” since quitting his employment. He also served as the first executive chair of the National BAM Advisory Council for the Becoming A Man youth program.

How is the Personal Life of Rahm Emanuel?

In 1994, Rahm wed Amy Merritt Rule; the couple had three children: Zachariah, Ilana, and Leah. Emanuel travels with his family every year to expose his kids to different cultures. He attends the Anshe Sholom B’nai Israel synagogue in Chicago. Rahm has competed in a number of triathlons, and in a 2011 competition, he placed ninth in his age category.

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