What's the problem? Are women not allowed to be successful?
Nikki Haley built $8M fortune after leaving Trump administration: report
By Social Links forAriel Zilber
Published Aug. 25, 2023
Updated Aug. 25, 2023, 9:25 p.m. ET
https://nypost.com/2023/08/25/nikki-haley-saved-parents-from-debt-after-quitting-on-trump/
Republican presidential candidate Nikki Haley boosted her fortune eight-fold — 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 surprisingly quit as President Donald Trump’s top envoy to the United Nations in 2018.
But she parlayed her national prominence into a financial windfall by hitting the speaking circuit, joining the boards of top companies and penning two books, according to an extensive look at the GOP hopeful’s finances by Forbes.
Haley, a proponent of term limits, had served as US ambassador to the UN for two years before telling Trump in her resignation letter: “I expect you will appreciate my sense that returning from government to the private sector is not a step down but a step up.”
The move quickly paid dividends. Last year, she hauled in $2.3 million from speeches 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 from aerospace giant Boeing, which appointed her to the board of directors in 2019. Haley stepped down from Boeing’s board the following year.
Haley, however, remains a director for United Homes Group, which has paid her more than $250,000 — a sum that doesn’t include future equity grants and other perks, according to Forbes.
The only woman running for the GOP nomination fetched an additional $350,000 advance from her publisher before writing her book, “If You Want Something Done: Leadership Lessons from Bold Women,” which was released last year.
Her previous book, “With All Due Respect: Defending America with Grit and Grace,” was published in 2019 and sold about 100,000 copies.
The infusion of cash helped her plunk down $2.4 million for a four-bedroom, 5,700-square-foot home on Kiawah Island in South Carolina in 2019, Forbes reported.
Since then, the value of the property has doubled to around $4.7 million.
The Post reached out to Haley for comment.
Her newfound wealth comes after she barely had $100,000 in her bank account before being elected governor of South Carolina in 2014, according to Forbes.
But the daughter of Indian immigrants began building her fortune soon after taking over the Palmetto State, scoring 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 after the collapse of their clothing business, Forbes reported.