How Much Is The Net Worth Of Former Secretary Of State Condoleezza Rice's Net Worth? Details Here!!

News by Hendrix Published on 24 Jan,2019 Updated on 24 Jan,2019

Political Scientist and Diplomat Condoleezza Rice has served at different posts in the US Government and made history while doing it.  She was the first female African-American person to serve as the Secretary of State in the US while George W. Bush was in office. Starting her career as an assistant professor of political science at Stanford University, she was a specialist on the Soviet Union and was tasked with giving lectures for the Berkeley-Stanford.                

She gathered attention due to her excellent performance in a 1985 meeting of arms control experts at Stanford. When George W. Bush, was elected as the POTUS, she was asked to be the Soviet expert to Brent Scowcroft, who was National Security Advisor at the time, on the United States National Security Council and so her political career began. Stay with us for the details of her net worth and investments. 

Learn About The Former Secretary Of State’s Net Worth And Income Sources  

Rice has been active in politics from the early 80s and has served in some of the US Government’s highest posts. Due to her excellent service in the US Government, she has amassed a net worth of $8 million. She has not revealed anything about her assets and has remained secretive about her properties.

CAPTION: Rice delivering a speech. SOURCE: Zimbio

However, she has a keen eye for investment and has been active in the investment market. As of 2004, she has invested over $375,000 in the real estate market. Similarly, she has invested an estimated $8,000 in commercial banks and $375,000 each in BBR Partners and Stanford University.

Know More About The Politician’s Career And Its Highlights?   

After being asked to serve as the Soviet expert on United States National Security Council her career blossomed. The then President Bush relied heavily on her advice when dealing with Mikhail Gorbachev and Boris Yeltsin. Notably, she pursued a $10 billion development project in Kazakhstan where her work impressed so much that a 129,000-ton supertanker was named SS Condoleezza Rice in her honor.    

She later returned to Stanford as she would have been ineligible for tenure at the helm of Stanford. She volunteered to be in the search committee for the new president of Stanford after Donald Kennedy left. The committee chose Gerhard Casper as the new president. Casper was so impressed by Rice while working with her that he appointed her as Provost of the campus.

As Provost, she had to manage the school’s budget, at the time the school was running a deficit of $20 million. Rice vowed to turn the deficit and balance the budget in 2 years. After two years the budget was balanced and the institution had a profit of over $14.5 million. 

CAPTION: Rice with her parents. SOURCE: The New York Times

Rice has been active in strategizing the nuclear plan for the US Government. She was involved in negotiating a nuclear deal with North Korea after it violated its part of the nuclear deal and was operating a secret nuclear program.  

In a similar fashion, she has also dealt with the Prime Minister of India, Narendra Modi to agree on a deal on peaceful uses of nuclear energy.

Quick Facts: Condoleezza Rice

  • Condoleezza Rice was born on 14th of November 1954 in Birmingham, Alabama, the U.S. to father John Wesley Rice and mother Angelena Rice.
  • The former United States Secretary of State studied at the University of Denver where she got a degree in BA and completed her Ph.D. She got her Master’s degree from the University of Notre Dame.
  • Rice was a Democrat prior to joining the Republican political party in 1982.
  • Apart from her political career, she is also a talented pianist, she has played with the Denver Symphony at age 15.

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