As Georgia gubernatorial contender Stacey Abrams has risen to prominence in politics, so too has her net worth — propelling her into millionaire status.
The Democrat’s net worth surged from $109,000 when she first began her bid for governor in 2018 to $3.17 million during her current bid, according to state disclosure forms filed in March and reported by the Associated Press on Tuesday.
STACEY ABRAMS DARK MONEY GROUP HAULED IN $62 MILLION FOLLOWING 2018 ELECTION LOSS
“It is remarkable to me that success is now being demonized by the Republicans,” Abrams said, per the outlet. “I believe that every person should have the opportunity to thrive. And because I had three years where I was in the private sector, I leveraged all three years, and in that time, I’ve done my best to not only be successful personally but to do what I can to help Georgians.”
Her financial picture is a considerable turnaround from her 2018 campaign for governor when she owed roughly $200,000 in student loans, credit card debt, and deferred payments to the Internal Revenue Service. The rise in fortunes appears to have been driven by book deals and paid speeches in the time since her 2018 loss. Abrams served in the Georgia House of Representatives between 2007 and 2017.
Abrams delivered 37 paid speeches in 2021 and wrote, co-wrote, or reissued six books since 2019. Most of her net worth is tied up in real estate and other investments. She has a total of $1.8 million worth of real estate, including a $1.2 million home for herself and a second home she purchased for her parents, per the Atlanta Journal-Constitution. Since 2019, she earned over $6.5 million.
Abrams’s net worth is considerably lower than her leading Republican rivals Gov. Brian Kemp and former Sen. David Perdue. Kemp has a net worth of about $8.6 million, up by about $3 million since he assumed office. Perdue eclipses the two of them, touting about $50 million in total net worth, per his financial disclosure form.
During her first bid for governor in 2018, Abrams’s financial struggles became fodder for Republicans.
“Stacey Abrams wants to raise your taxes,” asserted one pro-Kemp campaign ad, “but didn’t pay hers.”
The tax deferments came at a time when she was helping her family pay their expenses, Abrams claimed.
“I am in debt, but I am not alone,” Abrams wrote in an op-ed in 2018. “Debt is a millstone that weighs down more than three-quarters of Americans. It can determine whether we are able to run for office, to launch a business, to quit a job we hate. But it should not—and cannot—be a disqualification for ambition.”
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Abrams paid off her credit card and student loan debt in 2019.
A few weeks ago, Abrams made a guest appearance on Star Trek: Discovery and played the role of president of United Earth. Abrams received credit from top Democrats such as former President Barack Obama for the party’s victory in the state’s two Senate races in 2020. She had launched the Fair Fight PAC after her 2018 loss and campaigned aggressively for Democrats in the Peach State.
