Right when I thought Beto's life could not get any better - he is after all tall, good looking and handsome - it is reported that his worth is anywhere between $1.5 million - $14 million.
Now, this like many other reports of other people's wealth it does not mean Beto has a million dollars in the bank. His wealth could easily be tied up in many other things just like with Paul Foster's and Woody Hunt's money. That's not to say Beto probably does not have some cash, but his worth is not entirely cash.
Got that, El Paso? Cos' I know some of you think Foster has a pool filled with Kruggerands.
But back to Beto's wealth. Is it a liability for him?
No. We know Democrats like to rail against the rich until they do not. I do not hear local Democrats complaining about the fact Chelsea Clinton works at a hedge fund. If Chelsea were to ever run, she would rail against greed and Wall Street, and nearly all of you would fall for it hook-line-and-sinker. Don't believe me? In 2004, El Pasoans overwhelmingly voted for the rich guy who railed against the rich in the presendential election. Luckily, wealth alone does not determine a winner.
Does it help him?
Yes, but not for reason you would think e.g. financing a campaign.
The names that are being floated as Democratic statewide candidates in Texas - namely the Castros and Wendy Davis - are all attorneys with little to no business experience or sense. This will without a doubt affect their crossover appeal.
Beto having started a business and made his wealth from that is a story that will comfort reluctant Republicans and independents. Unfortunately, because El Paso is backwards it is a story we did not hear often. But it is the story that will win Texas.
Sure, demographics are changing in Texas, but regardless of demographics, to parapharse a man smarter than myself, the business of the people of Texas IS business.
That is something Beto gets that the other Democratic statewide pretenders do not.