Maria Bartiromo, a prominent host on Fox News, recently shared that she accumulated her first million dollars by consistently matching her employer’s contributions to her retirement fund.
During a Thursday interview with Republican Senator Tim Scott, focusing on the Trump administration’s 401(k) policies, Bartiromo offered viewers some personal financial advice.
“When I began my career, I contributed to my 401(k), and my mother advised me—match whatever your company contributes, 100 percent,” she explained.
“That’s the strategy that led me to my first million. I’ll be candid, it’s how I became a millionaire,” she added.
According to TV Insider, Bartiromo, who anchors several shows including “Mornings With Maria,” earns an estimated $10 million per year.
At 58, the Fox Business star is open about her affluent lifestyle. During this year’s World Economic Forum in Davos, Switzerland, she was seen in an extravagant outfit complete with a full fur coat and hat, pearl earrings, rose-gold glasses, and a luxurious satin scarf.
The MAGA firebrand went on to use her personal experience saving money through her 401(k) to praise Trump for his recent pledge to improve retirement plans.
‘This is so important that the President is looking at people and saying, if your company doesn’t give you a retirement plan, we will,’ Bartiromo said.
Maria Bartiromo has been a staunch Trump supporter since his first presidency
In his State of the Union speech in February, Donald Trump promised to match retirement investments up to $1,000 for those without employer contributions.
‘Your 401ks are way up, yet half of all of working Americans still do not have access to a retirement plan with matching contributions from an employer,’ Trump said during his speech.
Fox host Bartiromo revealed how she made her first million dollars on Thursday
‘To remedy this gross disparity, I’m announcing that next year my administration will give these often forgotten American workers, great people, the people that built our country, access to the same type of retirement plan offered to every federal worker.’
Trump did not state which part of the federal budget the proposed matching money would come from. The proposal has not come into effect.
This policy could benefit around 40 million Americans who do not have access to employer-sponsored retirement plans, according to the Economic Innovation Group.
The Daily Mail has contacted the White House and the Department of Labor for an update on the proposed policy.
Trump also signed an executive order in August, which will allow people to use their 401(K) funds to make private-market and cryptocurrency investments.
With her investment chief executive husband, Jonathan Steinberg, beside the President and First Lady
Along with Mornings With Maria, Bartiromo presents Maria Bartiromo’s Wall Street on Fox Business, and Sunday Morning Futures With Maria Bartiromo on Fox News.
Nicknamed the ‘Money Honey,’ the stock market guru started out as a producer at CNN before working on-air at CNBC for 20 years from 1993.
Bartiromo has been a staunch Trump supporter since his first presidency.
However, in a rare departure from the GOP line, she did admit last year that Trump’s aggressive tariffs could have triggered a recession in the US economy.
Bartiromo is married to the chief executive officer of WisdomTree Investments, Jonathan Steinberg, who is also the son of billionaire financier Saul Steinberg.
The couple owns two homes, a five-story townhouse on Manhattan’s Upper East Side, and a beach house in the hamlet of Westhampton, New York.
