Stacey Abrams, the former Democratic candidate for the gubernatorial race in Georgia, has apparently increased her real estate collection since becoming involved in politics. Abrams now owns two different homes in Georgia, which are collectively worth $1.4M. Interestingly, Abrams had been several hundred thousand dollars in debt prior to her unsuccessful run against the current Georgia Governor, Brian Kemp.
Abrams was thrust into the national spotlight in 2018, after commencing a very public battle against Kemp. She continued to proclaim that she won the gubernatorial race for multiple months after Kemp had won.
Despite her failure in the election, Abrams has somehow managed to make numerous property purchases in DeKalb County, purchases that have been removed from the website of the county tax assessor.
The majority of county tax assessors in Georgia, including DeKalb County, has a searchable database that provides property information. However, individuals can issue requests for their personal information to be taken offline.
Abrams purchased her first townhome in the county for $246,300 in 2004. She then purchased an additional home in the same county in 2019 for $370,000. Currently, this home is valued at $490,400.
Then, in October 2020, mere days before the 2020 presidential elections, Abrams sold the home purchased in 2004 for $400,000. She then turned around and bought a second home for $975,000, which is now valued at $1,003,934.
Thus, Abrams’s two homes are worth a collective $1.4M, which reveals that she has encountered serious financial advantages ever since her failed gubernatorial campaign in 2018.
Per her 2017 financial disclosure forms, which were required for participation in the gubernatorial race, Abrams revealed a net worth of slightly under $110,000, with approximately $410,000 worth of debt in total liabilities. In addition, she also owed the IRS $54,000, which was finally settled in 2019.
Abrams brought up her personal debt during her 2018 campaign for governor. She wrote an opinion piece for Fortune regarding this particular subject, and she also told CNBC that “you’er always trying to dig out” of holes once someone has dug themselves into one.
Additionally, Abrams has recently expressed interest in another gubernatorial run, challenging Kemp once again for access to the executive seat of the Peach State. However, Abrams has yet to make a formal announcement in this regard, and it remains to be seen if she will pursue this run.