Many fans are curious about Eric Garcetti's financial success in April 2026. Our team analyzed the latest data to provide a clear picture of their income.

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 he 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 he was the 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 its youngest mayor in over a century and L.A.'s second consecutive Mexican-American mayor. He has guest-starred on television series such as "The Closer" (2010–2011), "Major Crimes" (2012; 2016), "Angie Tribeca" (2016), "S.W.A.T." (2017), "Zoey's Extraordinary Playlist" (2020), and "Black-ish" (2020), and he appeared in the 2020 film "Valley Girl."

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

Eric Garcetti earned $248,000 per year in salary as Mayor of L.A.

Eric Garcetti was born Eric Michael Garcetti on February 4, 1971, in Los Angeles, California. He was raised in the L.A. suburb of Encino. His father, Gil Garcetti, served as L.A.'s District Attorney between 1992 and 2000, famously including the time whenO.J. Simpsonwas 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. His sister, Dana, is a former Los Angeles County deputy district attorney, and she 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 murdered during the Mexican Revolution, and his maternal grandfather founded the clothing brand Louis Roth Clothes. Eric attended University Elementary School (later renamed UCLA Lab School) and Harvard-Westlake School, and he was a member of the political debate and civic engagement organization the Junior State of America.

Real Estate Holdings and Investments

Garcetti majored in urban planning and political science at Columbia University, earning a Bachelor of Arts degree in 1992. As a college student, he was a John Jay Scholar, and according to the school's website, "he served on the Columbia College Student Council; was president of the National Student Coalition Against Harassment; volunteered for the Harlem Restoration Project and Habitat for Humanity; founded Columbia Urban Experience (CUE), a pre-orientation program that encourages students to engage in the community and the city; and co-wrote and performed in three years of the Varsity Show, a student-written musical tradition whose past co-writers include Richard Rodgers CC'23, Oscar Hammerstein II, CC Class of 1916, and Lorenz Hart, JRN Class of 1918." In 1993, Eric graduated from Columbia's School of International and Public Affairs with a Masters of International Affairs. He met his future wife, Amy Wakeland, while they were Rhodes Scholars at the University of Oxford. Garcetti later studied ethnicity and Eritrean nationalism, working toward a Ph.D. from the London School of Economics.

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 under the property, which is located not far from Beverly Hills High School, where Venoco owns additional drills. According to a 2013 financial filing, Venoco was at that time paying the Garcetti family a nominal $1.25 per year for the drilling rights because at that point it had not yet begun drilling. The terms of the lease promised the partnership a cut of future oil profits generated by slant-drilling from their machines already located at Beverly Hills High. In 2013, facing mounting pressure over his environmental record, Eric cut ties with the oil company. The family also appears to own several apartment buildings, which produce rental income that partially benefits Garcetti.

Ultimately, Eric Garcetti's financial journey is a testament to their success.

Disclaimer: All net worth figures are estimates based on public data.