Eric Garcetti Net Worth | Celebrity Net Worth

What is Eric Garcetti’s net worth and salary?

Eric Garcetti is an American politician who has a net worth of $3 million. Eric Garcetti is best known for being the former mayor of Los Angeles. Garcetti held the position until December 2022, then served as the 26th United States Ambassador to India from May 2023 to January 2025. He was a member of the United States Navy from 2005 to 2013, achieving the rank of Lieutenant. Eric served as a member of the Los Angeles City Council from the 13th district from July 2001 to July 2013, and was president of the Los Angeles City Council from January 2006 to January 2012. In July 2013, Garcetti became the 42nd mayor of Los Angeles. He was re-elected in 2017. Eric became the city’s first elected Jewish mayor, as well as the youngest mayor in over a century and the second consecutive Mexican-American mayor of Los Angeles. She has guest-starred on television series such as “The Closer” (2010-2011), “Major Crimes” (2012; 2016), “Angie Tribeca” (2016), “SWAT” (2017), “Zoey’s Extraordinary Playlist” (2020) and “Black-ish” (2020), and appeared in the 2020 film “Valley Girl.”

Salary

Eric Garcetti earned $248,000 a year as mayor of Los Angeles

Real estate holdings and investments

In his 2017 financial disclosure, Eric disclosed ownership stakes worth between $10,000 and $100,000 in four companies, including public shares of Starbucks and Ross Stores Inc. He also listed several current and former real estate investments, three of which were worth between $100,000 and $1 million.

One of those assets is a commercial real estate property in Beverly Hills acquired several decades ago by Garcetti’s grandfather. In 1998, an oil company called Venoco Inc. signed a 20-year lease to drill for oil beneath the property, which is located not far from Beverly Hills High School, where Venoco owns additional drilling rigs. According to a 2013 financial filing, Venoco was at the time paying the Garcetti family a nominal amount of $1.25 a year for drilling rights because it had not yet begun drilling at the time. The terms of the lease promised the partnership a share of future oil profits generated by inclined drilling from its machines already located at Beverly Hills High. In 2013, facing growing pressure over his environmental record, Eric cut ties with the oil company. The family also appears to own several apartment buildings, which generate rental income that partially benefits Garcetti.

Early life

Eric Garcetti was born Eric Michael Garcetti on February 4, 1971 in Los Angeles, California. He grew up in the Los Angeles suburb of Encino. His father, Gil Garcetti, was Los Angeles district attorney from 1992 to 2000, including when OJ Simpson was unsuccessfully prosecuted for murder. His mother, Sukey, ran a philanthropic foundation. Eric has Eastern European Jewish heritage on Sukey’s side and Mexican and Italian heritage on Gil’s side. Her sister, Dana, is a former Los Angeles County deputy district attorney who later began working as an advisor to Janice Hahn, who was elected to the Los Angeles County Board of Supervisors in 2016. Garcetti’s paternal great-grandfather was assassinated during the Mexican Revolution and her maternal grandfather founded the clothing brand Louis Roth Clothes. Eric attended University Elementary School (later renamed UCLA Lab School) and the Harvard-Westlake School, and was a member of the political debate and civic engagement organization Junior State of America.

Garcetti majored in urban planning and political science at Columbia University and earned a Bachelor of Arts in 1992. As an undergraduate, he was a John Jay Scholar and, according to the school’s website, “served on the Columbia College Student Council; was president of the National Student Coalition Against Bullying; volunteered for the Harlem Restoration Project and Habitat for Humanity; founded Columbia Urban Experience (CUE), a preorientation that encourages students to participate in the community and the city; and co-wrote and performed for three years of the Varsity Show, a student-written musical tradition whose previous co-authors include Richard Rodgers CC’23, Oscar Hammerstein II, CC Class of 1916, and Lorenz Hart, JRN Class of 1918.” In 1993, Eric graduated from the Columbia School of Public and International Affairs with a Master’s Degree in International Affairs. He met his future wife, Amy Wakeland, while they were Rhodes Scholars at Oxford University. Garcetti later studied Eritrean ethnicity and nationalism and worked toward a doctorate. from the London School of Economics.

Buddha Mendes/Getty Images

Career

Before becoming involved in politics, Garcetti worked at the University of Southern California as a visiting instructor of international affairs and at Occidental College as an assistant professor of world affairs and diplomacy. In 2001, Eric was elected to the Los Angeles City Council, representing District 13. He was re-elected in 2005 and 2009, and served as council president from January 2006 to January 2012. Garcetti held office hours each month to meet with constituents and put into effect a “Voter Bill of Rights,” ensuring that voters were included in decisions about the use of land related to their neighborhoods and that their phone calls would be returned within one business day. He also organized Government and Planning 101 courses.

In September 2011, Eric announced his candidacy for mayor of Los Angeles. Since no candidate received a majority of the primary votes, Garcetti and City Controller Wendy Greuel competed in a runoff and Eric won with 53.9% of the vote. He began serving as mayor in July 2013 and was re-elected in March 2017 with 81.4% of the votes. According to his campaign website, Garcetti “led passage of the nation’s largest local infrastructure initiative ($120 billion); led Los Angeles to become the first major city to adopt a $15 minimum wage; and…implement[ed] the most ambitious local ‘Green New Deal’ in the country. “He also spearheaded national-leading efforts to address the homelessness crisis and championed the nation’s leading local testing effort during the COVID-19 pandemic.”

In July 2021, President Joe Biden announced that he had nominated Eric as ambassador to India. The Senate Foreign Relations Committee approved the nomination in January 2022. However, in March 2022, two senators put a hold on the nomination due to allegations that Garcetti knew that Rick Jacobs, his top adviser, had engaged in sexual misconduct. In January 2023, the nomination expired and was returned to the White House. That day, President Biden re-nominated Eric, but in February 2023, Senator Marco Rubio suspended the nomination. Garcetti’s nomination was advanced in March 2023 and he served from May 2023 to January 2025.

personal life

Eric married Amy Wakeland on January 4, 2009 and they adopted a daughter, Maya Juanita. Maya’s godfather is actor Evan Arnold, who has been friends with Garcetti since high school. Eric and Amy have also been foster parents to seven children. Garcetti is a composer, jazz pianist, and photographer, and attends the post-denominational Jewish congregation IKAR. From 2005 to 2013, he served in the United States Navy Reserve Information Dominance Corps as a lieutenant. Eric has been a member of the board of directors of Human Rights Watch in California, the advisory board of Young Storytellers, and the Inter-American Dialogue.

Awards

In 2003, Garcetti received the Green Cross Millennium Award for Local Environmental Leadership, and in 2006, he was honored with the New Frontier Award from the John F. Kennedy Presidential Library and Museum. In 2014, the NAACP named him “Person of the Year.” In 2015, Eric received a Doctor of Humane Letters from Whittier College.