to demonstrate UBI's benefits. After the Trump administration said it was considering a form of basic income in response to the pandemic, Yang announced that he had been in touch with the White House and had offered his team's services. On March 20, CNN reported that Humanity Forward would soon spend $1million on $1,000 monthly payments to 500 low-income households in the Bronx during the crisis. Yang tweeted that the number of households was expected to double with additional funding. On August 3, Yang announced that his organization was partnering with The $1K Project, an online network that helps identify families in need, who will be awarded three months of $1,000 payments. One of the network's founders describes the program as "a bridge to reemployment or other kinds of support." Humanity Forward stated that it was not supporting or endorsing any candidate after Yang announced his run for mayor of New York City. Lobby 3 On February 17, 2022, Yang announced the launch of a Web3 community whose membership token fees would be used to fund lobbying work on behalf of Web3, blockchain, and cryptocurrency interests on Capitol Hill. The announcement has been met with some criticism in part due to Yang's continued launches of organizations in addition to the skepticism around cryptocurrency ventures. Net worth Media outlets have provided several estimates of Yang's net worth: $1 million according to Forbes, between $834,000 and $2.4 million according to The Wall Street Journal, and between $3 million and $4 million according to Newsweek. Several sources have also estimated it being as low as $584,047 Political career Work with the Obama administration In 2011, Yang was named a "Champion of Change" by the Obama administration. In 2015, he was selected as a Presidential Ambassador for Global Entrepreneurship. 2020 presidential campaign On November 6, 2017, Yang filed with the Federal Election Commission (FEC) to run for President of the United States in 2020. The campaign began with a small initial staff working out of an apartment owned by Yang's mother. He ran on multiple slogans, including "Humanity First", "Make America Think Harder (MATH)", and "Not Left, Not Right, Forward." Initially considered a longshot, Yang's campaign gained significant momentum in February 2019 following an appearance on the popular podcast The Joe Rogan Experience. He later appeared on other podcasts and shows, including The Breakfast Club, The Ben Shapiro Show, and Real Time with Bill