$9 Million in Net Worth
Newton Leroy “Newt” Gingrich is a wealthy American politician with a net worth of $9 million. Newt Gingrich amassed his fortune while serving as the 58th Speaker of the House in the United States House of Representatives from 1995 to 1999, as well as as a consultant and founder of several large corporations.
His for-profit businesses earned a combined $100 million in revenue in the decade following his departure from government. Newt received nearly $2 million in consulting fees from the ostensibly government-backed corporation Freddie Mac as a consultant.
Freddie Mac is divisive due to its role in the 2008 housing crisis, which was precipitated by a push for banks to make predatory loans to people with low to no income. Gingrich is also a professor of history at a local college and the author of nearly 30 books. Throughout his tenure in the House, he was the Republican’s chief adversary of President Bill Clinton. He was born in Harrisburg, Pennsylvania, into a career military family. Newt was a leading Republican presidential candidate in the 2012 election but was ultimately passed over as the Republican nominee.