Rahm Emanuel Net Worth

Rahm Israel Emanuel (/'r?:m/; born November 29, 1959) is an American politician and the 55th and current Mayor of Chicago. He was formerly White House Chief of Staff to President Barack Obama. He served as senior advisor to President Bill Clinton from 1993 to 1998 and as a Democratic member of the United States House of Representatives, representing Illinois's 5th congressional district, from 2003 until his resignation in 2009 to take his position in the Obama Administration.
Emanuel was chair of the Democratic Congressional Campaign Committee during the 2006 mid-term elections and remained a top strategist for House Democrats during the 2008 cycle. After Democrats regained control of the House in 2006, Emanuel was elected chairman of the Democratic Caucus. This made him the fourth-ranking House Democrat, behind Speaker Nancy Pelosi, Majority Leader Steny Hoyer and Majority Whip Jim Clyburn.
Two days after Obama's election victory, Emanuel was announced as Obama's designee for White House Chief of Staff. He resigned from the House on January 2, 2009, and began his duties as Chief of Staff on January 20, 2009, the day of Obama's inauguration.
Emanuel resigned as Chief of Staff effective October 1, 2010, in order to pursue a campaign to run for Mayor of Chicago pending the announced retirement of six-term incumbent Richard M. Daley. On January 27, 2011, the Illinois Supreme Court reversed a lower court's ruling that had cast doubt on Emanuel's candidacy; the court unanimously held that Emanuel did not abandon his Chicago residency by serving in the White House, thus affirming his eligibility to run for mayor. He won the Mayoral election on February 22, 2011, with 55% of the vote. President Obama appointed William M. Daley, the brother of Emanuel's predecessor as mayor, as Chief of Staff to replace Emanuel.
Emanuel was born in Chicago, Illinois, to Jewish parents. His father, Benjamin M. Emanuel, is a Jerusalem-bornpediatrician who was once a member of the