Welcome to Andomoney, where we dive deep into the financial lives of public figures. As a professional writer for andomoney.com, I’m here to give you an inside look at Terry McAuliffe net worth and the strategic moves behind his financial journey.
McAuliffe’s career spans both politics and business—from his early real estate ventures to his influential role as the Governor of Virginia.
This article explores how he built his wealth, his critical political influence, and the unique investments he’s pursued along the way.
Quick Facts
| Fact | Detail |
|---|---|
| Real Name | Terence Richard McAuliffe |
| Popular Name | Terry McAuliffe |
| Gender | Male |
| Birth Date | February 9, 1957 |
| Age | 67 |
| Parents | Mildred Katherine, Jack McAuliffe |
| Siblings | Joseph McAuliffe |
| Birthplace | Syracuse, New York, USA |
| Nationality | American |
| Ethnicity | Irish descent |
| Education | Bishop Ludden Junior Senior High School, Georgetown University, The Catholic University of America |
| Marital Status | Married |
| Spouse | Dorothy McAuliffe |
| Children | Jack McAuliffe, Sally McAuliffe, Mary McAuliffe, Dori McAuliffe, Peter McAuliffe |
| Dating | N/A |
| Net Worth | $30 million |
| Source of Wealth | Politics, Business |
| Height | 6 ft 0 in (1.83 m) |
What is the Net Worth Of Terry McAuliffe in 2024?
As of 2024, Terry McAuliffe’s net worth is estimated at $30 million, placing him among influential figures in both the business and political spheres.
His wealth primarily stems from investments in real estate and high-profile roles in politics, like his time as the Governor of Virginia.
Comparatively, Terry McAuliffe’s net worth aligns with other prominent individuals in political and financial circles, reflecting the impact of his successful business ventures and policy influence.
Here’s a look at some of McAuliffe’s associates and peers in the field:
- Bill Clinton
- Hillary Clinton
- Ralph Northam
- Al Gore
- Dick Gephardt
- Mark Warner
- James Carville
- Dorothy McAuliffe
- Glenn Youngkin
- Ray Mabus
Interested in learning about other top earners in the political world? Check out our detailed list of the wealthiest politicians.
Terry McAuliffe Salary and Finance Overview
How He Built His Wealth and Career Success
Terry McAuliffe’s financial success began with a knack for business at an early age. At just 14, he started McAuliffe Driveway Maintenance, a small enterprise sealing driveways.
From these modest beginnings, he built a career that spanned various industries, from banking to real estate.
His first major business milestone was co-founding Federal City National Bank in Washington, D.C., where he rose to the position of chairman. This venture not only showcased his skill in finance but also laid the foundation for future investments.
Political Influence on His Financial Growth
Terry McAuliffe’s career in politics had a significant impact on his financial growth, especially through his extensive network within the Democratic Party.
Serving as Chairman of the Democratic National Committee (DNC) from 2001 to 2005, he managed record-breaking fundraising initiatives, securing millions for the party.
His close association with Bill Clinton and Hillary Clinton opened doors to more influential roles, including campaign management for Hillary Clinton’s 2008 presidential bid.
His Impact as Governor of Virginia
During his tenure as Governor of Virginia from 2014 to 2018, Terry McAuliffe championed economic initiatives that attracted significant investments to the state.
His policies led to over $20 billion in new capital investments, making him one of the most financially impactful governors in recent history.
He also worked to create jobs by bringing major corporations to Virginia, such as Nestle USA and Stone Brewing. His business-friendly policies were crucial in developing Virginia’s economy and enhancing his own political and financial influence.
Awards and Recognitions Supporting His Career and Financial Success
McAuliffe’s work has garnered numerous accolades, underscoring his influence in both business and public service. In 2016, he was named Governor of the Year by the Biotechnology Innovation Organization for his contributions to economic growth in Virginia.
He also received the Public Official of the Year award from Governing Magazine, honoring his innovative leadership. These awards highlight his role as a progressive governor focused on economic and social reform.
Key Financial Assets and Business Achievements
Terry McAuliffe has built wealth through numerous business ventures. Notable among these was his leadership in American Heritage Homes, which he successfully grew before selling to KB Home for $74 million.
His real estate ventures include substantial holdings and other ventures that have provided a steady stream of income over time.
His early role with Federal City National Bank positioned him well for later investments in areas like technology and the automotive industry.
Additionally, McAuliffe has held positions on the boards of various companies, like ZeniMax Media, where he served as an advisor.
His investment in Global Crossing, where he cashed out for $8.1 million, is another example of his savvy in leveraging business opportunities to enhance his financial portfolio.
Over the years, McAuliffe’s ability to identify high-potential business opportunities has been instrumental to his wealth.
FAQs About Terry McAuliffe
How did he influence the Democratic Party’s fundraising?
As DNC Chairman, McAuliffe oversaw record fundraising campaigns, building a donor base that financially empowered the Democratic Party and secured millions for its operations.
Why is his business record significant?
McAuliffe’s business record, including co-founding Federal City National Bank and acquiring American Heritage Homes, reflects his capacity to build wealth through strategic investments.
What political positions has Terry McAuliffe held?
In addition to being Governor of Virginia, McAuliffe served as Chairman of the DNC and held leadership roles in high-profile campaigns, impacting both state and national politics.
What are some awards he has received?
McAuliffe’s awards include Governor of the Year from the Biotechnology Innovation Organization and Public Official of the Year from Governing Magazine, reflecting his policy impact.
Why did he start GreenTech Automotive?
McAuliffe co-founded GreenTech Automotive as an investment in clean energy, though the venture faced financial and legal challenges, affecting his reputation but highlighting his investment ambitions.
What are his educational qualifications?
McAuliffe earned a bachelor’s degree from the Catholic University of America and a law degree from Georgetown University Law Center, supporting his future career in business and politics.
Who is Terry McAuliffe married to?
He is married to Dorothy McAuliffe.
Conclusion
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