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How Nikki Haley Built An $8 Million Fortune And Helped Bail Out Her Parents
Posted
August 17, 2023
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August 17, 2023
10,014
101
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1.27%
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10:00Now PlayingWhen 2024 presidential candidate Nikki Haley last served in office as the U.S. ambassador to the United Nations, her family’s finances were a mess. Her parents owed over $1 million and were in danger of losing their Lexington, South Carolina home. A devoted daughter, Haley had loaned them hundreds of thousands of dollars in the past with her husband. But she could not solve all of her parents’ problems, with less than $100,000 sitting in her bank accounts and $185,000 coming in each year in salary.
Haley stunned Washington by resigning her role in the Trump administration in 2018, less than two years after taking office. A spokesperson for Haley claims that the family financial troubles had “no bearing whatsoever on Ambassador Haley’s decision to leave her position” and points to a section of Haley’s resignation letter in which she expressed support for “rotation in office.” But the same letter also suggested that Haley may have had money-making ventures on her mind: “As a businessman,” she wrote to Donald Trump, “I expect you will appreciate my sense that returning from government to the private sector is not a step down but a step up.”
Indeed. Since then, Haley’s net worth has ballooned from less than $1 million to an estimated $8 million. How did she make so much money in so little time? By following a tried-and-true playbook for politicians looking to cash in on their fame. Speeches to companies like Barclays and organizations such as the Centre for Israel and Jewish Affairs provided more money in a day than Haley had previously earned in a year. It’s not clear how many talks she gave from 2019 to 2021, but Haley hauled in $2.3 million from just 11 events in 2022.
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