Entertainment - Celebrities - Terry McAuliffe Net Worth – How Much Former Governor Worth?

Terry McAuliffe Net Worth – How Much Former Governor Worth?

Terry McAuliffe Net Worth - How Much Former Governor Worth

In this article, we have covered all the information you need about Terry McAuliffe, such as his Net Worth, Biography, wife, business, family, education, and many more details!

American politician and businessman Terence Richard McAuliffe was Virginia’s 72nd governor from 2014 to 2018. A lot more information is there to know about this personality.

So, without further ado, let’s get started

Terry McAuliffe Net Worth 2023

Terry McAuliffe, a well-known figure in American politics and business, has carved out a successful career path and accumulated a significant net worth that surpasses $30-35 million.

According to projections, Terry McAuliffe net worth will continue to increase over five years, potentially increasing his political influence. He has taken a public stand on many important issues in recent years and has actively participated in several political campaigns.

Terry McAuliffe Biography and Early Life

Full name Terence Richard McAuliffe
Known as Terry McAuliffe
Age 66 years old
Birthplace Syracuse, New York, United States
Date of birth February 9, 1957
Height 6 feet (1.83 m)
Weight 187 pounds (85 kg)
Hair Color Light Brown
Body color White
Eye color Brown
Religion Roman Catholic
Occupation Politician, Businessman
Zodiac Sign Aquarius
Political party Democratic
Net Worth $30 – $35 Million

Terence Richard McAuliffe, a politician and businessman, was born on February 9, 1957, in Syracuse, New York State, USA. Jack McAuliffe, a local Democratic politician and real estate agent, and Mildred Katherine Lonergan were Terry McAuliffe’s parents. Terry was born into an Irish-American family.

He served as chairman of the Democratic National Committee from 2001 to 2005, co-chairman of President Bill Clinton’s 1996 reelection campaign, and chairman of Hillary Clinton‘s 2008 presidential campaign.

McAuliffe is most widely recognized for his time as the 72nd Governor of Virginia.

He entered politics for the first time in 2009, running for governor of Virginia. Regrettably, McAuliffe’s bid for the Democratic nomination fell short. In the Democratic primary for governor in 2013, he won without any opposition.

Terry McAuliffe received 47.8% of the vote in the main election, defeating Robert Sarvis, a libertarian, and Republican Ken Cuccinelli.

Terry McAuliffe’s Salary and Earnings

Terry McAuliffe’s substantial income sources originate from various areas, including his successful business ventures and wise investments.

Terry McAuliffe estimated net worth of more than $35 million places him among the wealthiest people in the country. He earns an annual salary of $3 Million, and his monthly income can roughly be $0.2 Million.

Terry McAuliffe Wife

Richard Swann, a Florida-based attorney in charge of Jimmy Carter’s presidential campaign’s financing, introduced himself to McAuliffe in 1979.

On October 8, 1988, Dorothy Swann and McAuliffe got married. The assets and obligations of Swann’s American Pioneer Savings Bank were taken over by the Resolution Trust Corporation, a federal organization, in 1991.

Swann assisted McAuliffe in negotiating with the Resolution Trust Corporation to buy some of American Pioneer’s property. His equal partner in the transaction was a pension fund run by the National Electrical Contractors Association (NECA) and the International Brotherhood of Electrical Workers (IBEW).

The couple paid $38.7 million for property with a $50 million value; McAuliffe was given a 50% share interest.

Terry McAuliffe Business

Terry McAuliffe business has helped him to gain his net worth of $35 million. At the age of 14, he launched his first company, McAuliffe Driveway Maintenance, which specialized in parking lots and driveway sealing.

McAuliffe contributed to establishing the Federal City National Bank, a neighborhood bank in Washington, DC, in 1985. The bank’s board chose him as chairman in January 1988 when he was thirty, making him the youngest chairman in the organization’s history.

He referred to the 1991 merger negotiations with Credit International Bank as his “greatest business experience.” He was appointed vice-chairman of the merged bank.

In 1996, he bought American Heritage Homes, a struggling homebuilder on the verge of bankruptcy. He oversaw American Heritage as chairman. He transformed American Heritage Homes into one of the largest home-building firms in Central Florida by 1998. American Heritage Homes was purchased by KB Home for $74 million in late 2002.

As an angel investor in 1997, McAuliffe contributed $100,000 to Global Crossing, a telecommunications firm with a Bermudan registration. In 1998, Global Crossing went public.

He sold the majority of his assets for $8.1 million in 1999. Later, as a business advisor, McAuliffe joined ZeniMax Media in 2000.

McAuliffe joined the holding firm GreenTech Automotive in 2009, and in May 2010, it paid $20 million to acquire the Chinese electric car company EU Auto MyCar.

He announced his retirement from GreenTech in December 2012 to concentrate on his bid for governor of Virginia. McAuliffe was sued for fraud by GreenTech Automotive investors in 2017; the company went bankrupt the following year.

Terry McAuliffe Family

Terry McAuliffe was born into an Irish-American household. He is the son of Mildred Katherine Lonergan and local Democratic politician Jack McAuliffe. Not much information is available about his family.

Want to know more about Terry McAuliffe’s family, read now –  Terry McAuliffe’s Family

Later, in 2008, Terry McAuliffe got married to Dorothy Swann. The couple have five children and live in McLean, Virginia. Their son Jack attended the US Naval Academy before enlisting in the Marines. In 2022, Sally, their daughter, earned her degree from Syracuse University.

Terry McAuliffe Education

1975 he earned his diploma from Bishop Ludden Junior/Senior High School. He graduated with a bachelor’s degree from the Catholic University of America in 1979 while working as a resident advisor there.

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After earning his degree, Terry McAuliffe joined the Jimmy Carter reelection campaign as the national finance director, rising to the position at the age of 22. After his failed campaign, McAuliffe enrolled at Georgetown University Law Centre, earning his Juris Doctor in 1984.

FAQs

Did Terry McAuliffe publish a memoir?

Terry McAuliffe released his memoir “What a Party! My Life Among Democrats: Presidents, Candidates, Donors, Activists, Alligators, and Other Wild Animals” in 2007, which reached the New York Times Best Seller List.

What is Terry McAuliffe’s age?

Terry McAuliffe was born on February 9, 1957, and is currently 66 years old.

What is Terry McAuliffe’s yearly salary?

An estimated $3 million is the annual salary for Terry McAuliffe.

What is Terry McAuliffe’s height?

Terry McAuliffe stands 1.83m (6′ 0″) tall.

 

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About the author

Nancy Beverly

Nancy Beverly is a prominent political journalist and editor at World-Wire, known for her sharp analysis and deep understanding of global politics. With a Master's degree in Political Science, she excels in breaking down complex political issues, making them relatable to the public. At World-Wire, Nancy crafts compelling political narratives covering everything from local governance to international relations. Recognized for her expertise, she received the 'Excellence in Political Journalism' award in 2021. Nancy's work not only informs but also enriches her readers' understanding of political dynamics.

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