Jesse Jackson Net Worth
Jesse Jackson has an estimated net worth of $10 million. Jesse Jackson is an American civil rights leader, Baptist minister, and politician who twice ran for U.S. president. In a short span of time, he became one of the leading personalities among African-Americans to fight against racial discrimination. Over the years, he has received a large amount of campaign funds to run for president and pursue the civil rights movement. His book royalties also contribute to his income.
While in university, Jesse Jackson became involved in the civil rights movement. In 1965, he went to Selma, Alabama, to march with Dr. Martin Luther King Jr.
In the 1980s, he became a leading national spokesman for African Americans. He was later appointed special envoy to Africa, and in 2000 he was awarded the Presidential Medal of Freedom.
In late 2017, the civil rights leader announced that he had been diagnosed with Parkinson’s disease.
To calculate the net worth of Jesse Jackson, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he 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 his net worth:
|Net Worth:||$10 Million|
|Monthly Salary:||$50 Thousand|
|Annual Income:||$1 Million|
|Source of Wealth:||Politician, Television Host, Author|
Early Years & Education
Jesse Jackson, a trailblazing and contentious civil rights leader, was born Jesse Louis Burns on October 8, 1941, in Greenville, South Carolina. Helen Burns, a high school student at the time of her son’s birth, and Noah Robinson, a 33-year-old married man who happened to be her neighbor, never married.
Jesse’s mother married Charles Henry Jackson, a post office maintenance worker who later adopted Jesse, a year after his birth. A young Jackson witnessed segregation firsthand in Greenville, a small town divided by Black and White residents. His mother and he had to sit in the back of the bus, and his Black elementary school lacked the amenities that the town’s white elementary school did.
“There was no grass in the yard,” Jackson recalled later. “I couldn’t play or roll around because our schoolyard was covered in sand. It also turned red when it rained.”
Jackson, on the other hand, demonstrated promise and potential. His biological father remembered him as being somewhat unique.
“Even when he was just learning to talk, Jesse was an unusual kind of fella,” Robinson told The New York Times in 1984. “He’d tell you he’s going to be a preacher. ‘I’m going to lead people through the rivers of water,’ he’d say.”
Jackson was an excellent student and athlete in school. He was elected class president and enrolled at the University of Illinois on a football scholarship in the fall of 1959.
But Jackson only stayed at the predominantly white school for a year before transferring to Greensboro’s Agricultural and Technical College of North Carolina (now known as North Carolina Agricultural and Technical State University), where he became involved in local civil rights demonstrations.
Family & Wife
During this time, he also met Jacqueline Lavinia Brown, whom he married in 1962. The couple has five children together: Santita (b. 1963), Jesse Jr. (b. 1965), Jonathan Luther (b. 1966), Yusef DuBois (b. 1970), and Jacqueline Lavinia (b. 1975).
Marching with Martin Luther King
Jackson earned a bachelor’s degree in sociology in 1964. The following year, he traveled to Selma, Alabama, to march with Dr. Martin Luther King, Jr., and later became a member of King’s Southern Christian Leadership Conference (SCLC).
He relocated his young family to Chicago in 1966 to pursue graduate studies at the Chicago Theological Seminary. Jackson never finished his studies but was later ordained by a Chicago church minister.
Jackson decided to drop out of school to work for King, who, impressed with the young leader’s drive and passion, appointed him director of Operation Breadbasket, the SCLC’s economic arm.
However, Jackson’s time with the SCLC was not without incident. While King was initially taken with the young leader’s bravado, not everyone in the organization felt the same way.
Many people thought Jackson acted too independently, and King eventually grew tired of him as well. King stormed out of a meeting just five days before his assassination after Jackson repeatedly interrupted him.
Still, Jackson accompanied King to Memphis, where he was assassinated while standing on the balcony of his hotel room on April 4, 1968. Jackson, who was in a room one floor below King’s, later told reporters that he was the last person to speak with Dr. King, who he claimed died in his arms.
The events, as Jackson described them, sparked outrage among those present, who claimed Jackson had exaggerated his presence at King’s shooting for personal gain.
Jackson founded Operation PUSH the same year he left the SCLC (People United to Save Humanity). Jackson founded the Chicago-based organization to promote Black self-help and, in some ways, to serve as his political pulpit.
Jackson founded the National Rainbow Coalition in 1984 with the goal of establishing equal rights for African Americans, women, and homosexuals. In 1996, the two organizations merged to form the Rainbow/PUSH Coalition.
Running for President
Jackson’s political involvement grew in tandem with his national profile. He began traveling around the world to mediate or highlight problems and disputes in the late 1970s.
He traveled to South Africa in 1979 to speak out against the country’s apartheid policies, and later to the Middle East to support the establishment of a Palestinian state. He also supported democratic efforts in Haiti, a small island nation.
In 1984, Jackson became the second African American (after Shirley Chisholm) to run for President of the United States. In terms of success, the campaign was historic. Jackson finished third in the Democratic primary voting with 3.5 million votes, surpassing Chisholm’s ballot success.
However, the campaign sparked some controversy when Jackson referred to Jews as “Hymies” and New York City as “Hymietown” in a January 1984 interview with a Washington Post reporter. Protests erupted, and Jackson apologized one month later for his remarks.
In 1988, Jackson ran for president again, finishing second in the Democratic primaries to Massachusetts Governor Michael Dukakis, receiving over 7 million votes.
Later Years: Obama, Secret Love Child & Presidential Medal of Freedom
Jackson refrained from running again for the office of U.S. president, but he continued to be a driving force on the political stage, campaigning for the rights of African Americans and being one of the main speakers at the Democratic conventions.
In 1990, he won his first election by taking one of two unpaid “Statehood Senator” special posts created by the Washington City Council to lobby the U.S. Congress for statehood for the District of Columbia.
He occasionally appeared in other controversies. In 2001, it was revealed that he had fathered a child out of wedlock. Seven years later, during then-Senator Barack Obama’s campaign for the U.S. presidency, a firestorm erupted after he accused Obama of “speaking down to black people.” He later apologized for those remarks.
Nevertheless, Jackson’s influence on American politics and civil rights could not be denied. In 2000, President Bill Clinton awarded Jackson the Presidential Medal of Freedom. That same year, he received a Master of Divinity degree from Chicago Theological Seminary.
He is a noted author whose books include Straight from the Heart (1987) and Legal Lynching: Racism, Injustice, and the Death Penalty (1995).
Parkinson’s Disease Diagnosis
On November 17, 2017, Jackson announced that he had been diagnosed with Parkinson’s disease.
“My family and I began noticing changes about three years ago,” he wrote in a statement. “After a series of tests, my doctors determined it was Parkinson’s disease, a disease that had already affected my father.” He added that he saw his diagnosis as a signal “that I needed to change my lifestyle and dedicate myself to physical therapy in hopes of slowing the progression of the disease.”
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