Warren Wilhelm Jr. was born in Manhattan, New York City, on May 8, 1961. Although he was born in New York, he spent his formative years in Norwalk, Connecticut, where he shared a home with two brothers.
His family moved to Cambridge, Massachusetts in 1966. Warren was raised mainly by his mother’s family when his father and mother eventually divorced. His father, who had terminal lung cancer, committed suicide when he was 18.
He entered New York University after completing his secondary education in 1979, where he studied urban studies and eventually received his Bachelor of Arts. He subsequently completed his investigation, receiving a Master in International Affairs from Columbia University’s School of International and Public Affairs.
Warren changed his last name to Blasio-Wilhelm in 1983. He eventually changed his name to Bill de Blasio in 2001, primarily because he felt a stronger connection to his mother’s side of the family.
The US government is deeply ingrained in Bill’s family. His paternal uncle was employed by the CIA in Iran. His father served in the United States Army and fought in the Pacific theater during World War II.
His mother worked in the Office of War Information during that conflict. After the war, the Italian consulate employed his mother as a public relations specialist.
How Much is Bill de Blasio Net Worth and Salary?
American politician Bill de Blasio is a Democrat with a $3 million fortune. Most people know Bill De Blasio as the 109th mayor of New York, a job he won in 2014. He had a $260,000 yearly salary as mayor of New York City.
He held the New York City Public Advocate position from 2010 to 2013 before being elected mayor. He entered politics after earning his degree when he managed the campaigns of Hillary Clinton and Charles Rangel.
He was then chosen to serve as a councilman for New York City, representing Brooklyn from 2002 to 2007. After his mayoral election, de Blasio concentrated on several important topics. These include reducing surveillance, legalizing marijuana, and reforming the police.
He is frequently regarded as a liberal progressive who has campaigned to alleviate economic inequality. De Blasio briefly participated in the Democratic primary during the run-up to the 2020 Presidential Elections before withdrawing owing to poor polling results. After that, he backed Bernie Sanders.
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How Much Real Estate Does Bill de Blasio Own?
Over the course of his political career, De Blasio has been quite active in the real estate sector, and these efforts have generated considerable controversy. Bill managed the city’s acquisition of 17 Brooklyn buildings in 2019.
When initially evaluated by the city, the buildings were given a total worth of $50 million. A private appraiser estimated them and assigned them a value of $143 million. The final cost to the city was $173 million, which was much more than anyone could have predicted.
So why the price increase? Many journalists raised the possibility that the identities of the landlords selling the properties may have had a factor. Frank Carone, a steadfast supporter of de Blasio who sits on the mayor’s federal political action committee, was one of these landlords.
He assisted de Blasio in raising several significant gifts. The potential for corruption in this situation was clear. When it was discovered that the mayor only paid $9,000 in property taxes annually on two residences that he personally owned and that are worth more than $3.5 million, he came under fire once more.
Typically, the annual property tax should be around $35,000. This was caused by the city’s property tax structure, which treats older properties differently. His house had a $1.76 million value.
The estimated value of another property in the same neighborhood is $1.88 million. The couple has previously rented out similar properties for up to $1,825 a month. Bill de Blasio has ironically branded this tax structure as “unfair.”