Republican presidential candidate Nikki Haley increased her fortune eightfold (to $8 million) after leaving the Trump administration, according to a report.
The former South Carolina governor reportedly had a net worth of less than $1 million when she shockingly stepped down as President Donald Trump’s top envoy to the United Nations in 2018.
But he turned his national prominence into a financial windfall by going on the speaking circuit, joining the boards of top companies and writing two books, according to an extensive review of the Republican candidate’s finances by Forbes.
Haley, an advocate of term limits, had served as the US ambassador to the UN for two years before telling Trump in her resignation letter: “I hope you appreciate my feeling that going back from government to the private sector is not It is not a step down but a step down.” increase.”
The move quickly paid off. Last year, she raised $2.3 million from speaking at 11 events, according to Forbes.
She has also banked more than $700,000 in consulting fees, as well as more than $300,000 in cash and stock in aerospace giant Boeing, which named her to the board of directors in 2019. Haley resigned from Boeing’s board of directors the following year.
Republican presidential hopeful Nikki Haley reportedly increased her net worth eightfold after leaving the Trump administration.AP
Haley, however, remains a director of United Homes Group, which has paid her more than $250,000, a sum that does not include future capital grants or other benefits, according to Forbes.
The only woman to run for the Republican nomination got an additional $350,000 advance from her publisher before writing her book, “If You Want Something Done: Leadership Lessons from Bold Women,” which was published last year.
His previous book, “With All Due Respect: Defending America with Grit and Grace,” was published in 2019 and has sold around 100,000 copies.
The cash infusion helped her shell out $2.4 million for a four-bedroom, 5,700-square-foot home on Kiawah Island in South Carolina in 2019, Forbes reported.
Nikki Haley, the daughter of Indian immigrants, was elected governor of South Carolina in 2014. Getty Images
Since then, the value of the property has doubled to about $4.7 million.
The Post contacted Haley for comment.
Her new found wealth comes after she had just $100,000 in her bank account before she was elected governor of South Carolina in 2014, according to Forbes.
But the daughter of Indian immigrants began building her fortune soon after taking over Palmetto State, getting a $475,000 advance for her first book, “Can’t Is Not An Option,” which was published by Penguin Books.
She and her husband, college sweetheart Michael Haley, also proceeded to help her parents with their financial burdens following the collapse of their clothing business, Forbes reported.
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Source: vtt.edu.vn