**Newt Gingrich Net Worth and Career**
In this article, we will explore the net worth and career of Newt Gingrich, a prominent Republican politician and public figure. Before diving into the details of his net worth, let’s begin with a table summarizing some key information about Gingrich:
| Category | Details |
|———–|————————————————————-|
| Net Worth | $12 Million |
| Birthdate | Jun 17, 1943 (80 years old) |
| Birthplace| Harrisburg |
| Gender | Male |
| Height | 5 ft 11 in (1.8288 m) |
| Profession| Politician, Author, Historian, Film Producer, Educator, Businessperson, Consultant, Writer, Presenter, Voice Actor |
| Nationality| United States of America |
*Please note that all net worth figures mentioned in this article are based on publicly available sources and are estimates.*
**What is Newt Gingrich’s Net Worth?**
Newt Gingrich has a net worth of approximately $12 million. It is worth mentioning that his net worth has fluctuated over the years. In 2006, Gingrich reported a net worth of $2.4 million, which increased to $6.7 million when he ran for President in 2011. However, the majority of his net worth stems from a “multi-million-dollar promissory note from the Gingrich Group, LLC to Gingrich Productions, Inc.” At the time, the value range of this promissory note was estimated to be $5 to $25 million.
**Highlights**
– Newt Gingrich served as the Speaker of the US House of Representatives from 1995 to 1999.
– He was also the US representative for Georgia’s 6th congressional district from 1979 until 1999.
– In 2012, Gingrich ran for the Republican presidential nomination.
**Early Life**
Newt Gingrich, whose full name is Newton McPherson Gingrich, was born on June 17, 1943, in Harrisburg, Pennsylvania. He was raised by his mother, Kit, who got married to Robert Gingrich, a career Army officer, in 1946. When Gingrich was in high school, his family moved to Fort Benning, Georgia. He attended Baker High School and graduated in 1961. For higher education, Gingrich attended Emory University, where he earned his BA in history. Later, he pursued his MA and PhD in European history from Tulane University.
**Career Beginnings**
Following his studies, Gingrich embarked on an academic career. Due to his student status and being a father, he received deferments from the military during the Vietnam War. After completing his PhD, Gingrich joined West Georgia College’s history department. Later, he moved on to the school’s geography department. However, he left in 1977 after being denied tenure.
During the 1970s, Gingrich became increasingly involved in politics. In 1974, he ran as a Republican candidate for Georgia’s 6th congressional district but lost to the incumbent Democrat, Jack Flynt. Gingrich made another attempt in 1976 but was defeated by Jimmy Carter.
**US House of Representatives**
Newt Gingrich finally succeeded in his third attempt and won election to the US Congress in 1978. He went on to be reelected for five consecutive terms, serving until 1999. During his time in Congress, Gingrich co-founded the Military Reform Caucus and the Congressional Aviation and Space Caucus. He also founded the influential Conservative Opportunity Society. In 1989, Gingrich became House Minority Whip, elevating his power within the Republican Party.
The year 1994 marked a significant turning point for Gingrich and the Republican Party. The GOP gained 54 seats and secured control of the House for the first time in 40 years, during an event known as the “Republican Revolution.” Gingrich played a pivotal role in this victory. In 1995, he became the Speaker of the US House of Representatives.
As Speaker, Gingrich oversaw the passage of various significant legislative acts, including welfare reform and a capital gains tax cut. He also faced numerous government shutdowns. Gingrich’s tenure as Speaker was characterized by his close alignment with Christian conservatism. However, his career was not without controversy. He faced 84 ethics charges and was reprimanded by the House in 1997 for claiming tax-exempt status for a college course run for political reasons. Under pressure from fellow Republicans who were planning to rebel against him, Gingrich resigned from the House in early 1999.
**Post-Speakership Career**
Following his departure from the House, Newt Gingrich has remained active in public policy and political consultation. He established and chaired several policy think tanks, including the Center for Health Transformation and American Solutions for Winning the Future. While the former filed for bankruptcy in 2012, the latter focused on promoting deregulation and increased offshore oil drilling before closing in 2011. Additionally, Gingrich has served on various commissions and taught at institutions such as Air University and the National Defense University. He also advised the Canadian mining company Barrick Gold. Notably, Gingrich created his own production company, Gingrich Productions, in the media sector.
**2012 Presidential Campaign**
In 2012, Gingrich made an attempt to return to political office by running as a Republican candidate for the presidential nomination. Although he faced challenges in the early stages, Gingrich secured a significant victory by winning the South Carolina Republican primary after struggling in Iowa and New Hampshire. However, following a disappointing performance in the Delaware primary, Gingrich suspended his campaign.
**Relationship with Donald Trump**
Leading up to the 2016 presidential election, Gingrich endorsed Donald Trump, becoming one of the first establishment Republicans to do so. He actively supported Trump’s campaign and encouraged other Republicans to unite behind him. Gingrich continued his association with Trump even after the 2020 election loss, perpetuating the unfounded claim that the election had been stolen. He even called for the arrest of poll workers in Pennsylvania.
**Personal Life**
Newt Gingrich has been married multiple times throughout his life. His first wife was Jacqueline Battley, his high school geometry teacher. They got married in 1962 when Gingrich was 19 and Battley was 26. The couple had two daughters, Kathy and Jackie. During his marriage to Battley, Gingrich had multiple affairs with his congressional campaign volunteers. In 1980, he divorced Battley and married Marianne Ginther the following year. However, Gingrich engaged in another extramarital affair, this time with Callista Bisek, a House of Representatives staffer who was two decades younger than him. During this affair, Gingrich led the impeachment process against Bill Clinton related to Clinton’s infidelity. In 2000, Gingrich divorced Ginther, marrying his mistress Bisek soon afterward.
**Net Worth Over Time**
Newt Gingrich’s net worth has experienced fluctuations throughout his career. In 2006, his net worth was reported to be $2.4 million. By 2011, when he ran for President, it had risen to $6.7 million. The majority of his net worth is attributed to a multimillion-dollar promissory note from the Gingrich Group, LLC to Gingrich Productions, Inc., which forms part of his nonprofit and for-profit organizations network. The estimated value range of this promissory note in 2011 was $5 to $25 million. Overall, Gingrich currently has an estimated net worth of $12 million.
**Components of Net Worth**
Newt Gingrich’s net worth primarily consists of his assets and investments. It includes the value of the promissory note he holds from the Gingrich Group, LLC to Gingrich Productions, Inc. This note represents a significant portion of his net worth. Additionally, it is worth noting that Gingrich’s net worth may also comprise other sources of income, such as book royalties, public speaking engagements, and consulting fees.
In conclusion, Newt Gingrich’s net worth is approximately $12 million. Throughout his career, he has had an extensive involvement in politics, serving as the Speaker of the US House of Representatives and representing Georgia’s 6th congressional district. Despite facing ethics charges and controversies, Gingrich has made significant contributions to public policy and political consultation. His net worth has experienced fluctuations over time, primarily influenced by the value of a multimillion-dollar promissory note from the Gingrich Group, LLC to Gingrich Productions, Inc. Furthermore, Gingrich’s personal life has garnered attention due to his multiple marriages and extramarital affairs. As Gingrich continues to be an influential figure in public life, his net worth may evolve further with time, reflecting his ongoing endeavors and ventures.