Who says losers never win? Stacey Abrams is living proof that isn’t true. She lost the governorship in Georgia by 55,000 votes in 2018 but her net worth climbed by 3,000 times. She was deep in debt. She had $109,000 in assets, but she owed $54,000 in taxes and another $410,000 in debts, including student loan debt and $83,000 in credit card debt. Abrams is now worth $3.17 million dollars. Not bad for a loser, huh? And in just four years.
The Daily Caller reports that Abrams increased her net worth by millions in the past few years.
Democratic Georgia gubernatorial candidate Stacey Abrams has become a millionaire.
Abrams is worth $3.17 million, according to the state disclosures she filed in March, The Associated Press reported Tuesday. When she first ran for the Georgia governorship in 2018, Abrams was dealing with a “hefty bill from the IRS” and was worth only $109,000, the outlet noted.
The “hefty” tax bill from the IRS was $54,000, with a further $410,000 in liabilities, according to Fox News. She owed $96,000 in student loan debt and $83,000 in credit card debt, AP reported.
The report from the Daily Caller claims that Abrams took in between five and six million in speaking fees. Speaking fees is how donors funnel money to candidates from both parties. She was paid over $700,000 for her three years as executive director of the Southern Economic Advancement Project. We don’t know how much she made from
Fair Fight Action:
Though Abrams did not disclose any payments from her 501(c)(4) Fair Fight Action, the group raised almost $62 million in dark money donations, according to Newsmax. Ninety-six percent of those donations “came from only 252 unidentified, large-dollar donors,” the outlet reported.
We reported on Abrams’s astronomical growth in income back in June of 2021. We uncovered the following:
Stacey Abrams, former Georgia State Rep, nonprofit czar, Hillary Clinton darling, and 2020 board member of John Podesta’suber-powerful, “charitable” nonprofit, the Center for American Progress think tank, has been revealed by CD Media as being an owner of ‘NowAccount,’ the firm financing Happy Faces Personnel Group, the temp agency used in Fulton County, Georgia’s elections in November 2020 and January 2021.
We reported extensively on her activities related to the 2020 Election.
Very few people increase their net-worthby so much over a couple of years. Often times this type of growth is not legitimate.