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California probes Larry Elder's income disclosure, here's a look at his net worth

California’s Fair Political Practices Commission has opened an investigation into gubernatorial recall candidate Larry Elder's financial disclosure
UPDATED AUG 23, 2021
California launches investigation into recall candidate Larry Elder's finances (Instagram)
California launches investigation into recall candidate Larry Elder's finances (Instagram)

California's Fair Political Practices Commission (FPPC) has started an investigation into gubernatorial recall candidate Larry Elder's finances, an FPPC spokesperson has confirmed. Now, newsreaders want to know more about Elder and his net worth.

The news of the investigation comes after the California Democratic Party filed a complaint against Elder and accused the Republican of not properly disclosing phases of his finances and business, following a story reported by the Los Angeles Times earlier this month.  Elder is not the only Republican to come under the scanner in the past few months. In February this year, Ruben Verastigui, a former staffer for the Republican National Committee and the Senate Republicans had been arrested on child pornography charges at his home in Washington.


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What is Larry Elder's net worth?

Elder is a leading candidate in next month's California gubernatorial recall election. It was earlier reported that Elder had improperly filed his financial disclosures related to Laurence A. Elder & Associates Inc, a business that he owns. The Times reported that in his Statement of Economic Interests, a public filing which helps note whether there are any potential ethical concerns, including conflicts of interest, he had not indicated if he owned a stake of that company. He did note that it was a source of income.

An Elder spokeswoman had told the Times that “it appears there might have been an oversight” and his filing was later updated to show that he owned 100 percent of the company. He also updated that the company was valued somewhere between $100,000 and $1 million. Additionally, the updated filing showed that Elder had got donations from the Epoch Times and Alachua County (Fla.) Republican Executive Committee. In a letter to a lawyer representing the California Democratic Party, FPPC has stated that it was looking into the political party’s allegations and added, “You will next receive notification from us upon final disposition of the case. However, please be advised that at this time we have not made any determination about the validity of the allegation(s) your client has made or about the culpability, if any, of the person(s) identified in the complaint.”

Radio personality Larry Elder arrives at the premiere of the FX Network's "The Riches" at the Zanuck Theater on the Fox Studio lot on March 10, 2007 in Los Angeles, California. (Photo by Charley Gallay/Getty Images)

Apart from his political career, he is also a lawyer, writer, and radio and TV personality born in Los Angeles, California in April 1952. Elder calls himself the 'Sage of South Central' and has completed his graduation in Arts from Brown University and his J.D. from University of Michigan Law School. In 1980 he formed the Laurence A. Elder and Associates law firm. He was also the host of the 'The Larry Elder Show' on talk radio 790 KABC in Los Angeles which was previously heard on ABC Radio networks. In 2014 he started presenting a live show on the internet as a podcast and in 2015 he came back to radio and is now syndicated nationwide.

Larry Elder at the 5th Anniversary of Comedy Central's "South Park" at Quixote Studios in Hollywood, Ca. Thursday, Oct. 24, 2002. Photo by Kevin Winter/Getty Images. Photo by Kevin Winter/Getty Images.

Elder has also written books like, 'Stupid Black Men: How to Play the Race Card-And Lose', 'The Ten Things You Can't Say in America', 'Showdown: Confronting Bias', 'Lies and the Special Interests that Divide America', 'What's Race Got to Do with It?: Why It's Time to Stop the Stupidest Argument in America', and 'Dear Father, Dear Son: Two Lives…Eight Hours'. Elder has also scripted, directed, and produced the 2004 video documentary 'Michael & Me'. In 2015 he accepted a Star on the Hollywood Walk of Fame at 6270 Hollywood Blvd. Elder's net worth stands at $18 million.