Gabrielle Giffords Net Worth
Gabrielle Giffords has an estimated net worth of $20 million. Gabrielle Giffords is a former Arizona congresswoman who made headlines when she became the victim of an assassination attempt, from which she later recovered. She earns most of her income from public speaking, book deals, business consulting, and corporate board memberships.
Before being elected to the Arizona State House of Representatives in 2000, Gabrielle Giffords worked as an urban planner. She was only the third Arizona woman to be elected to the United States Congress in 2005. In 2011, Giffords was the target of an assassination attempt. She recovered in time to witness her husband command the final flight of the space shuttle Endeavor and vote on the debt-ceiling bill before leaving Congress in 2012. Giffords later co-founded the advocacy organization Americans for Responsible Solutions.
To calculate the net worth of Gabrielle Giffords, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$20 Million|
|Monthly Salary:||$50 Thousand|
|Annual Income:||$3 Million|
|Source of Wealth:||Public Speaking, Book Deals, Business Consulting|
Early Life and Career
Gabrielle Dee “Gabby” Giffords was born in Tucson, Arizona, on June 8, 1970. Her father, Spencer, was a businessman who ran the family’s tire company, and her mother, Gloria Kay, was a painter and art restorer. Giffords had some interesting childhood experiences. Her older sister Melissa and she spent some of their summers crossing the border to go to camp in Mexico. Giffords also developed an interest in horses and worked in a stable to earn money for riding lessons. According to Gabby: A Story of Courage and Hope, her 2011 memoir, she later told voters that “Cleaning out those stalls taught me a lot. All of that manure-shoveling was good preparation for when I entered politics.”
Giffords attended Scripps College, a small, female-only college in California, after graduating from Tucson’s University High School. She received her bachelor’s degree in Latin American history and sociology there. Her efforts were rewarded with a coveted William Fulbright Scholarship, which she used to study for a year in Chihuahua, Mexico.
Giffords then attended Cornell University for a master’s degree in regional planning. In 1996, she landed a job with Price Waterhouse in New York after finishing her studies. Giffords left her corporate job to return to Tucson and assist with the family business. El Campo Tire hired her as president and CEO, and she stayed with the company until it was sold to Goodyear Tire in 2000.
Giffords became interested in helping people in her community after returning to Tucson. She decided that entering politics was the best way to make things better. Giffords had registered as a Republican as a teenager before switching to the Democratic Party. Giffords was elected to the Arizona State House on her first attempt in 2000. In 2002, she ran for the Arizona Senate seat. Giffords was elected to the Arizona Senate as the state’s youngest senator. In 2004, she was re-elected.
Giffords resigned from her position in December 2005 to run for the congressional seat being vacated by Representative Jim Kolbe of Arizona’s 8th Congressional District. Giffords established herself as Kolbe’s natural replacement as the first to announce her candidacy for the seat, and she launched an aggressive campaign for the seat. When it came to the election, the former state senator defeated Republican Randy Graf with roughly 54 percent of the vote.
Giffords was re-elected in 2008, defeating a childhood classmate, Republican State Senate President Timothy Bee, with nearly 55% of the vote. She served on the Armed Services and Foreign Affairs committees as well. In her next term, Giffords will chair the Science and Technology Committee’s Space and Aeronautics subcommittee.
Giffords focused her efforts as the representative of a district that shares a 100-mile border with Mexico on border security and violence associated with drug trafficking in the region. She invited 60 federal, state, and local law enforcement officers to a drug violence summit in 2009 to discuss trafficking issues in northern Mexico and their impact on the United States.
When Giffords won the general election in November 2010, she continued her fight to protect Arizona’s borders. She joined other Democratic members of her state’s congressional delegation in supporting a border-security bill worth $600 million. This legislation, which was later signed by President Barack Obama, allowed for the hiring of 1,000 border control agents as well as additional border-related personnel. She described the newly approved funds as “a down payment on long-overdue efforts to secure our border,” according to the Tucson Sentinel.
Aside from border security, Giffords advocated for small business tax relief and limits on the alternative minimum tax. She was also an outspoken supporter of the Patient Protection and Affordable Care Act, a 2010 health-care reform bill. Her support for universal healthcare drew criticism from some of her constituents, and she was allegedly harassed as a result. Her office was later vandalized, possibly in response to her vote in support of the Affordable Care Act.
Giffords attended a “Congress On Your Corner” event at a Tucson grocery store on January 8, 2011. She wanted to meet with her constituents, but the event quickly turned deadly when 22-year-old Jared Lee Loughner shot Giffords in the head. Loughner injured several others and killed six people, including District Court Judge John M. Roll, a 9-year-old girl, and a Giffords aide, in addition to the congresswoman. President Obama issued a statement condemning the shooting hours later, stating that “Such heinous and heinous violence has no place in a free society. I ask that all Americans join me and Michelle in praying for Representative Giffords, the victims of this tragedy, and their families.”
Giffords was rushed to the hospital after the shooting and underwent emergency surgery. In the weeks and months that followed, she made an incredible recovery from her injuries. After extensive rehabilitation, she regained her ability to speak, walk, and perform other daily activities. Giffords was even able to attend the Space Shuttle Endeavour launch that May. Her husband, Mark Kelly, was the mission’s commander.
Jared Lee Loughner, her assailant, pleaded not guilty to the shooting-related charges in 2011. To avoid the death penalty, he changed his plea to guilty the following August. According to the New York Times, he was sentenced to seven life terms plus 140 years in prison in November 2012.
Resignation from Congress
Giffords resigned from Congress in January 2012, more than a year after the assassination attempt, to focus on her recovery. Giffords’ friend and colleague, Representative Debbie Wasserman Schultz, read her resignation letter aloud in the House. In part, the note stated: “I only ever served my congressional district by giving my all. That’s what I’ve given to my recovery over the last year.” Giffords, who was present for the reading, stated that she would run for office again one day. She told colleagues in her letter, “Every day, I put in a lot of effort. I will recover and return, and we will collaborate once more for Arizona and all Americans.”
Her life-altering experience has only strengthened her marriage with Kelly, who retired from NASA in 2011. Gabby: A Story of Courage and Hope, a book written by the couple about her recovery, was published in 2011. Giffords and Kelly also co-founded Americans for Responsible Solutions, a gun violence prevention organization. According to its Facebook page, the organization’s mission is to “encourage elected officials to stand up for solutions to prevent gun violence and protect responsible gun ownership by communicating directly with the constituents who elect them.”
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