Abbott, Greg Gregory Wayne Abbott is a politician, lawyer, and former judge in the United States. Since 2015, he has served as the 48th Governor of Texas. From 2002 through 2015, this Republican served as Texas’ 50th attorney general.
He served as a justice on the Texas Supreme Court from 1996 to 2001. Both in 2014, when he initially ran for governor, and in 2018, when he was re-elected, Abbott has shown to be a popular choice. Abbott was just the third Republican to hold the office of attorney general in Texas since Reconstruction.
This piece will examine Greg Abbott’s wealth.
Greg Abbott’s Early Years
On November 13, 1957, in Wichita Falls, Texas, Greg Abbott entered this world. Ancestrally, he hails from the United Kingdom. Doris Lechristia Jacks Abbott was a stay-at-home mom, and Calvin Rodger Abbott was a stockbroker and insurance agent; he was the youngest of three children.
His family uprooted to East Texas and settled in Longview when he was six years old. Abbott attended Duncanville Junior High after moving there with his family. When he was a sophomore in high school, his father passed away from a heart attack.
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His mom got a job at a real estate firm. He completed high school in Duncanville. He was voted Most Likely to Succeed and was a member of the National Honor Society throughout his time at the high school.
Abbott graduated from the University of Texas in Austin with a BBA in finance in 1981. During his time there, he became a member of the Young Republicans Club and the Delta Tau Delta fraternity.
He met his future wife, Cecilia Phelan, at The University of Texas in Austin. In 1984, he graduated with a J.D. from Vanderbilt University Law School in Nashville, Tennessee.
Abbott resigned from his government post and entered private practice. The years he spent at Butler and Binion, LLP were from 1984 through 1992.
Greg Abbott’s Career
Abbott began his judicial career in Houston, where he served for three years as a state trial judge in the 129th District Court. After George W. Bush, then governor of Texas appointed Abbott to the Supreme Court, Abbott took his seat in the latter.
Later, in 1996 (for a two-year term) and 1998, he was chosen to serve on the state’s highest civil court. (Term is for 6 years)
In 1996, there was no Democratic candidate for governor in Texas, although John B. Hawley of Dallas campaigned as a Libertarian. Abbott received 84% of the vote, while Hawley received just 16%. Abbott won the 1998 election with 60% of the vote versus David Van Os’s 40%.
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Abbott resigned from the Supreme Court in 2001 and returned to his position as an attorney with Bracewell & Giuliani LLC. He also spent time lecturing at the law school of the University of Texas.
Gregg Abbott ran as Governor of Texas
A short time after Governor Rick Perry said he wouldn’t seek reelection for a fourth full term in 2014, Abbott announced his intention to run for governor. In July of 2013, to be precise.
He raised more money than any other Texas politician in the first half of 2011 (1.6 million). Comptroller Susan Combs of Texas came in second place among state officeholders in fundraising, with $611,700.
Abbott received more than 90% of the vote in the Republican primary election held on March 4, 2014. Democratic state senator Wendy Davis of Fort Worth was his opponent in the November general election.
Reportedly, Abbott began fundraising in January 2017 for a re-election bid in 2018. By the end of 2016, he had raised $9 million for his campaign, bringing his total to $34.4 million.
The state’s lieutenant governor, Dan Patrick, has announced his intention to run for reelection.
On January 21, Abbott declared his candidacy for re-election. On March 28 he brought it up.
On November 6, Abbott received 56% of the vote, defeating Lupe Valdez. It was 18 times as much as she had raised.
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Abbott received support from 42% of Hispanics and 16% of blacks.
In 2022, Abbott will face a challenge from Allen West, the former head of the Texas Republican Party.
On March 1, 2022, he received 66% of the vote in the primary election and so won. Beto O’Rourke, a former representative, is running against him. Abbott is better off financially than his rivals.
Abbott, if elected, would join Allan Shivers, Price Daniel, John Connally, and Rick Perry as the only governors of Texas to serve three terms.
Greg Abbott’s Net Worth
Greg Abbott is expected to be worth about $23 million by the year 2022.
As governor of Texas, Greg Abbott is eligible for an annual salary of $285,000. In addition to her base income, Elizabeth Warren is eligible for benefits such as a car allowance and a per diem. As part of the agreement, Greg Abbott will also have two security officers following him at all times.
More than six houses, four automobiles, and a boat are among Greg Abbott’s many possessions. Over $5 million in cash is held in two major banks as part of Abbott’s holdings. Greg Abbott has a portfolio of eight equities with a combined value of $2 million.
Greg Abbott Assets
Cars
Greg Abbott just purchased a BMW X8 for the sum of $200,000. The Volvo XC90 he owns cost him about $180,000. See below for a list of Greg Abbott’s further vehicle holdings.
- Lexus ES
- Audi Q2
House
Greg Abbott resides in his luxurious 8,400-square-foot home in Texas, which is located in the U.S. This property cost Abbott about $5,000,000, a substantial sum of money.
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Greg Abbott’s Married Life
Cecilia Phalen Abbott, Greg’s wife, was born in the United States to parents who emigrated from Mexico. They tied the knot in San Antonio in 1981.
After he was elected governor, she became the first Latina Lady in Texas. They adopted a little girl and gave her the name Audrey. A former educator and principal Cecilia worked in the classroom for many years.
Frequently Asked Questions
Who is Greg Abbott’s Wife?
It’s Cecilia Abbott.
Is Audrey the real daughter of Greg Abbott?
However, Greg Abbott does not adopt Audrey.