What is Joy Reid's net worth? Millionaire MSNBC host claims 'inflation' is a GOP CREATION in rant
Joy Reid lives in a 7,400 square-foot luxury house located in downtown New York City that she bought for a whopping $8 million
NEW YORK CITY, NEW YORK: MSNBC host Joy Reid is facing backlash after she made headlines for saying the word "inflation" is "not part of the normal lexicon" for Americans, and they have been only made aware of the concept by Republicans for political gain ahead of elections. Many were left baffled by her comments especially after inflation has risen to a four-decade high under Joe Biden's presidency.
Reid made the comments while appearing as a guest on Thursday, November 3 episode of 'Deadline: White House' .Speaking with fellow MSNBC colleague Nicole Wallace, she said the "only people I've ever heard use the word inflation are journalists and economists", and added that most people have "never used the word ever in their lives" unless there's an election. The September inflation rate hit 8.2%, with most Americans facing dire financial situation as they struggle to afford basic utilities and cope with expensive medical bills.
Joy Reid: Inflation was never part of the “normal lexicon” until Republicans “taught people the word” pic.twitter.com/GV8wlHjMK8— End Wokeness (@EndWokeness) November 4, 2022
What is Joy Reid's net worth?
The controversial MSNBC's national correspondant's current net worth is estimated at $21 million. Reid is also the author of numerous best-selling books through which she pockets millions of dollars in royalty. She lives in her 7,400 square-foot luxury house located in downtown New York City which she bought for a whopping $8 million, according to Knowledge.com.
Joy also has over 5 real estate properties under her ownership, through which she earns substantial rentals. The total rental income earned by Reid is over $250,000 annually. Reid earns an additional $420,000 from dividends and interest. Apart from her real estate, she owns 6 cars and 1 luxury yacht. Her assets also includes massive cash reserves of over $8 million.
Reid first started working with MSNBC in 2014, when her salary was pegged at $1 million; but over the period of almost a decade, she is estimated to earn ten times that amount.
She also owns an investment portfolio of 7 stocks that are valued at $4 million. Johnson & Johnson, Qualcomm, Tesla, PayPal, and Mastercard are the few stocks she owns, according to the outlet. Reid has a great collection of cars including a BMW X7 which costs $180,000. Her Mercedes-Benz G-Class cost her $370,000. Her other cars include an Audi Q2, a Lexus GX, a Volvo XC40. Reid has not inherited much wealth from her family which means her entire net worth has been self-created.