Profile
American Politician and Governor of Texas
#56 in Politics today
Greg Abbott has a net worth of $29 million. Abbott earns $5 million annually through his real estate investments and businesses. This is in addition to the salary he makes as the Governor.
Assets
Governor Greg Abbott has heavily benefited from his time in office as the governor of Texas. Through lobbying, Abbott has made many lucrative business deals with local manufacturing and trucking companies.
Greg Abbott earns $120,000 each month in dividends from a local chemical manufacturing company. Just like MTG or Josh Hawley, Over three-fourths of Greg Abbott’s wealth has come from such suspicious deals.
Real Estate Investments
Greg Abbott owns over 12 house properties in Florida and Georgia. The combined value of this real estate assets is $7 million.
Abbott also owns a 10-bedroom luxury mansion in South Carolina. This mansion was previously owned by singer Bob Dylan and he sold to to Abbott at surprisingly low price.
Greg Abbott Net Worth 2024 (Forbes)
| Net Worth | $29 Million |
| Annual Salary | $240,000 |
| Other Income | $5 Million |
| Stock Portfolio | $11 Million |
Life in Wheelchair
Tragedy struck Abbott in July 1984 when he was out for a jog in Houston. A massive oak tree suddenly fell, crushing his spine and leaving him paralyzed from the waist down..
In 2013, Abbott made an announcement that he would be running for the position of Governor of Texas in the 2014 election.
Abbott’s leadership has not been without controversy. His response to the COVID-19 pandemic garnered both praise and criticism.
Stock Market Investments
Governor Gregg Abbott’s stock portfolio, valued at approximately $10 million, includes significant investments across various sectors.
Notably, he holds substantial shares in Boeing, amounting to $1.5 million. In addition to his Boeing holdings, Governor Abbott has invested heavily in energy companies, with around $3 million allocated to this sector.
His investments include stakes in prominent firms such as ExxonMobil and Chevron. The remaining $5.5 million of his portfolio is spread across various other industries, including Verizon and Berkshire Hathaway.