Condoleezza Rice’s Net Worth: How Did the Former Secretary of State Make Her Wealth?

Condoleezza Rice is an American politician and diplomat who has a net worth of 12 million dollars. The former secretary of state made her fortune through her service at various levels as an educator, researcher, diplomat, and politician. She served as the US Secretary of State for four years under the leadership of George W. Bush. Upon completing her tenure, Rice returned to academics and joined Stanford University. She worked at the institution for a while before moving to Hoover Institution as the director.

Her Salary and Salary Highlights

Condoleeza has several sources of income. When she worked as the Secretary of State, she earned about 220,000 dollars per year. After moving to academia at Stanford University, Rice earned 305,000 a year. Condoleezza also sat on various boards. For instance, as of 2019, she was earning 405, 000 dollars for being part of the board of Dropbox. At Dropbox, her salary is 105,000 dollars, but she earned up to 300,000 in equity.

Condoleezza earns a lot from these corporate boards, and this has contributed to her overall net worth. At Dropbox, she also stocks shares of up to 4 million dollars, and so far, she has sold approximately 1 million worth of stock. Rice also has a position on the CS.ai. Board and she earns about 200,000 to 300,000 dollars a year.

Early Life and Academic Career

Condoleezza was born in 1954 into a financially stable family. Her father was a dean of students, while her mother worked as a high school teacher. Given her background, it was expected of her to follow in her parents’ footsteps, at least academically. Condoleezza studied at St. Mary’s Academy, graduated at 16, and proceeded to the University of Denver, earning a bachelor’s degree in political science.

Condoleezza she has been very spectacular. Graduating with a bachelor’s degree in political science at 19 was a big feat for an African American. She got her master’s and PhD while working as an intern at a state department under the Carter administration. She then worked as an assistant professor and associate professor of political science before proceeding to politics.

Private Sector

Condoleezza has served on several corporation boards, including Dropbox, Chevron Corporation, Carnegie Corporation, Transamerica and Hewlett-Packard. She had positions in each of these corporation boards, and she earned quite well from each corporation, especially Dropbox. She also founded an after-school program in 1992 to ensure that many individuals graduated from high school.

Real Estate

Condoleezza has also ventured into real estate. In 1998, she bought a home in Palo Alto for 500,000 dollars before selling it for 2.3 million dollars 19 years later. In 2008, she purchased another home in Palo Alto for 1.375 million but sold it for 1.98 million.

Condoleezza is a person who has been successful in every aspect of her life. Academically, she has set many records, including graduating with a bachelor’s degree in political science at 19. Through her various ventures in academics, politics, and real estate, she has managed to accumulate a lot of wealth.