Rep. Ro Khanna is the worst kind of career champagne socialist.
Khanna has gained political power in the Democratic Party by raging against the rich, while hiding his vast family fortune from supporters.
A Washington Free Beacon reported found that the California Democrat and 2028 presidential hopeful — who has spent years denouncing billionaires, attacking hedge funds, and demanding more taxes — lives in a $6 million, 8,000-square-foot luxury home with a four-story elevator and marble countertops in both laundry rooms.
But that’s not good enough.
The Khanna family is currently selling the $6 million mansion in California and moving to a nearly $10 million home in Northern Virginia, next to the exclusive private school where his two young children are enrolled. His wife drives a $190,000 Range Rover, but she was so displeased with that she sued the dealer.
The entire lifestyle is funded by Khanna’s wife, Ritu Ahuja Khanna. She is the heiress to her father Monte Ahuja’s auto parts fortune. The Khanna’s wealth is buried in “various trusts, anonymous corporations, and foundations,” the Free Beacon reports.
His two minor children own large stakes in three private golf clubs, including Sand Ridge Golf Club in Chardon, Ohio, and Mayfield Country Club in South Euclid, Ohio, where initiation fees run upward of $45,000. The children earned between $100,000 and $1 million in income from those clubs in 2024 alone.
Their trusts also hold a major stake in MAI Capital Management, a wealth management firm serving ultra-high-net-worth clients that oversees more than $65 billion in assets. Two trusts — one for Khanna’s wife, one for his children — own more than $1 million in the firm with no disclosed ceiling.
Then there are the hedge funds.
Khanna said in 2021 there was “visceral anger” over hedge funds’ role in driving economic inequality among voters. Meanwhile, his wife’s and children’s trusts own huge positions in Silver Point Distressed Opportunity Fund, a $4.6 billion hedge fund that buys debt from struggling companies at a steep discount. The fund is currently closed to new investors.
The Free Beacon estimated that the Khanna family’s net worth may far exceed $340 million.
Just last week, after socialist candidates swept Democratic primaries in New York, Khanna was gleeful.
“Our message to the oligarchs: bring it on. After last night’s decisive wins, we have a new, strong, bold Democratic party,” he posted on social media. “It turns out that when you stand up for the working class over the Epstein class, over the billionaire class, the American people respond in huge numbers.”
He’s expected to seek the Democratic presidential nomination in 2028 on a platform of raising taxes and fighting the oligarchy.
The same hedge fund managers Khanna is spending time with at the private golf courses he owns.