Fact Check: NO Evidence Manhattan DA Alvin Bragg Is Worth '$42 Million'

Fact Check

  • by: Alexis Tereszcuk
Fact Check: NO Evidence Manhattan DA Alvin Bragg Is Worth '$42 Million' No Proof

Is Manhattan district attorney Alvin Bragg worth $42 million? No, that's not true: There is no proof that the vast wealth purported to be Bragg's in an image on social media is real. His most recent publicly available financial disclosure forms do not show ownership of 12 properties, eight cars or three luxury yachts.

The claim appeared in a post on Facebook on May 30, 2024. It opened:

Net Worth: $42 Million
His Net Worth Has Grown 300% In The Past 5 Years
He Owns 12 Properties, 8 Cars and 3 Luxury Yachts
How did DA Bragg Become So Wealthy

This is what the post looked like on Facebook at the time of writing:

Screen Shot 2024-06-05 at 12.50.43 PM.png

(Source: Facebook screenshot taken on Wed Jun 5 20:23:46 2024 UTC)

According to the eight-page public Conflicts of Interest Board report (archived here) for 2022 for Bragg, the district attorney for Manhattan (archived here), he has a salary, investments/pensions, two properties and no yachts or cars claimed. Here is the list of items declared:

$100,000 - $249,999.99

Dividends/distributions from a Teachers Insurance and Annuity Association account
$5,000 - $54,999.99

Retirement plan distributions from the City University of New York
$5,000 - $54,999.99

Individual Retirement Account
$60,000 - $99,999.99

Individual Retirement Account
$100,000 - $249,000

Individual Retirement Account
$250,000 - $499,999.99

Individual Retirement Account
$250,000 - $499,999.99

Charles Schwab managed account
$5,000 - $54,999

Interest in A Trust Or Estate
$500,000 or more -- This included the description, "Money that was in a bank account for the estate of my late mother."

2 properties, no yachts, no luxury cars

There are two properties listed, not 12, in his financial statement. The value listed for the one in New York was $500,000 or more. His note said:

This property, which was sold in 2022, was owned by my late mother. I am the beneficiary of my mother's estate.

The second property had a market value of $100,000.00 to $249,999.99 and is located in Virginia. The form stated:

This property was owned by my late grandmother, who predeceased my late mother. It appears that the property is jointly owned by my uncle and my mother's estate. An attorney for the estate is examining this matter.

There are no disclosures for yachts or luxury vehicles and no evidence is provided by the post to back up the claims of luxury item ownership.

New York City's property ownership records, usually seen via the Automated City Register Information System (ACRIS) were unavailable for review at the time this fact check was researched and written, because of scheduled maintenance.

Other Lead Stories fact checks about Alvin Bragg can be found here.

Other fact check agencies have previously reviewed this claim, including Yahoo!

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  Alexis Tereszcuk

Alexis Tereszcuk is a writer and fact checker at Lead Stories and an award-winning journalist who spent over a decade breaking hard news and celebrity scoop with RadarOnline and Us Weekly.

As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars.  

Alexis’ crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others.

Read more about or contact Alexis Tereszcuk

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