Stacey Abrams’ net worth skyrocketed more than 2,800% in just three years thanks in part to her holdings in a company called Now Corp. (previously called NowAccount or “Now”), a Government Accountability Institute study has found.
GAI Director of Research Seamus Bruner explained what GAI found on JustTheNews with host John Solomon.
In 2018, Abrams reported a net worth of just $109,000 in her personal financial disclosure ahead of her failed 2018 gubernatorial bid in Georgia. Now, as she heads into the 2022 gubernatorial race, Abrams’ campaign filings show her net worth is more than $3.17 million after making more than $6 million in book advances, speaking deals and growing corporate investments like NowAccount.
Abrams cofounded the NowAccount financial technology (“fintech”) start-up in 2010 with business partners Lara Hodgson and John Hayes. Their business got off to a slow start, but NowAccount was able to pay Abrams $80,000 in salary in her first year as senior vice president and $60,000 per year in subsequent years.
See Seamus’s appearance on JustTheNews.com