Greg Abbott Net Worth: Gregory Wayne Abbott is an American politician, lawyer, and former judge. He has been the 48th governor of Texas since 2015. He was a Republican and was the 50th attorney general of Texas from 2002 to 2015.
From 1996 to 2001, he was a judge on the Texas Supreme Court. Abbott was first elected governor in 2014, and in 2018, he was re-elected. Since Reconstruction, Abbott was the third Republican to be attorney general of Texas.
In this article, we will explore the net worth of Greg Abbott.
Early Life of Greg Abbott
Greg Abbott was born in Wichita Falls, Texas, on November 13, 1957. He is of English ancestry. His mother, Doris Lechristia Jacks Abbott, was a housewife, and his father, Calvin Rodger Abbott, worked as a stockbroker and insurance agent.
When he was six, they moved to Longview, a city in East Texas, where they lived for six years. Abbott’s family moved to Duncanville when he started junior high school. His father died of a heart attack when he was a sophomore in high school.
His mother went to work in a real estate office. He went to Duncanville High School and got his diploma. In high school, he ran track, was in the National Honor Society, and was chosen as the student “Most Likely to Succeed.”
Abbott got a Bachelor of Business Administration in finance from the University of Texas at Austin in 1981. While he was there, he joined the Young Republicans Club and the Delta Tau Delta fraternity.
While he was at UT Austin, he met his wife, Cecilia Phelan. In 1984, he got his Juris Doctor from Nashville, Tennessee’s Vanderbilt University Law School.
Abbott left the government and went into private practice. From 1984 to 1992, he worked for Butler and Binion, LLP.
Greg Abbott’s Career
Abbott’s first job as a judge was in Houston, where he worked for three years in the 129th District Court as a state trial judge. Abbott was put on the Texas Supreme Court by George W. Bush, who was governor at the time.
He was then elected to the state’s highest civil court twice, in 1996 (for a two-year term) and in 1998. (Six-year term).
In 1996, Abbott didn’t have a Democrat running against him, but John B. Hawley of Dallas ran as a Libertarian. Abbott won with 84 percent of the vote to Hawley’s 16 percent. In 1998, Abbott beat David Van Os, a Democrat, by a vote of 60% to 40%.
Abbott left the Supreme Court in 2001 and went back to working in private practice for Bracewell & Giuliani LLC. He also worked as a part-time teacher at the University of Texas School of Law.
Gregg Abbott ran as Governor of Texas
Abbott was going to run for Governor of Texas in the 2014 election shortly after Governor Rick Perry said he wouldn’t run for a fourth full term. This was in July 2013.
In the first half of 2011, he raised $1.6 million for his campaign, which was more than any other Texas politician. The Texas comptroller, Susan Combs, raised the next most money among state officeholders, with $611,700.
On March 4, 2014, Abbott won the Republican primary with 91.5% of the votes cast. In the general election, he ran against state Sen. Wendy Davis of Fort Worth.
Abbott was reportedly raising money in January 2017 for a re-election campaign in 2018. As of December 2016, he had $34.4 million on hand for his campaign, $9 million of which he had raised in the second half of 2016.
Dan Patrick, the state’s lieutenant governor, has stated he will seek for a second term.
Abbott announced his re-election bid on January 21. He mentioned this on March 28.
Abbott won Lupe Valdez with 56% of the vote on November 6. He raised 18 times her amount.
Hispanics voted 42% for Abbott and blacks 16%.
Allen West, the former leader of the Texas Republican Party, is running against Abbott in 2022.
He won the primary with 66% on March 1, 2022. Former Rep. Beto O’Rourke is running against him. Abbott has more campaign cash than his opponents.
If he wins, Abbott will be the fifth governor of Texas to serve for three terms, joining Allan Shivers, Price Daniel, John Connally, and Rick Perry.
Greg Abbott’s Net Worth
As of 2022, Greg Abbott has an estimated net worth of $23 million.
Greg Abbott can get a salary of $285,000 a year as the governor of Texas. Elizabeth Warren can also get a travel allowance and other perks on top of this salary. Greg Abbott will also have two security guards with him at all times as part of this deal.
Greg Abbott owns more than six homes, four cars, and one luxury yacht. Abbott’s assets also include over $5 million in cash that is safely kept in two large banks. Greg Abbott also has a portfolio of 8 stocks that are worth $2 Million and are owned by him.
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Greg Abbott Assets
Greg Abbott just spent $200,000 USD to buy a BMW X8. He also has a Volvo XC90, which cost him $180,000 USD. Here is a list of some other cars that Greg Abbott owns.
- Lexus ES
- Audi Q2
Greg Abbott lives in his 8,400-square-foot, high-end house in Texas, which is in the United States. Abbott bought this property for about $5 Million, which is a lot of money.
Greg Abbott’s Married Life
Greg Abbott is married to Cecilia Phalen Abbott, whose parents came to the United States from Mexico. In 1981, they got married in San Antonio.
When he was elected governor of Texas, she became the state’s first Latina Lady since Texas joined the union. They have a daughter named Audrey who they adopted. Cecilia used to be a teacher and then the head of a school.
Frequently Asked Questions
Who is Greg Abbott’s Wife?
Is Audrey the real daughter of Greg Abbott?
No, Audrey is adopted by Greg Abbott.