A billionaire politician and financier, Kelly Loeffler has a net worth of $1 billion. Previously, she was a US senator from Georgia. Kelly stated in financial disclosures that her net worth ranged between $500 million and $800 million when she first entered the US Senate. At that point, she was the #1 most wealthy member of Congress.
With 500 million dollars in assets, she was roughly 365 million dollars better off than Montana’s second-richest congressman.
|Full Name||Kelly Loeffler|
|Date of Birth||Nov 27, 1970|
|Age||51 Years (as of july 2022)|
|Place of Birth||Bloomington, Illinois, U.S|
|Kelly Loeffler Net Worth||$1 Billion (Updated 2022)|
Kelly Loeffler Net Worth
In 2022, Kelly’s billionaire husband Jeffrey Sprecher and she had a combined net worth of $1 billion.
The previous senator stepped down due to health reasons, and Kelly was appointed to the Senate by Georgia Governor Brian Kemp in 2019. She ran to defend her seat against Pastor Raphael Warnock in 2020.
Due to the closeness of the election, they had to hold a runoff election in November. However, Kelly lost to Raphael on January 5, 2021.
Kelly Loeffler Early years
Kelley Loeffler was born in November 1970 in Bloomington, Illinois. She obtained a degree in marketing from the University of Illinois at Urbana-Champaign in 1992. She then attended DePaul University and earned an MBA.
Kelly Loeffler Personal Life
Kelly and Jeffrey were married in 2004. Tuxedo Park is a neighborhood in Atlanta where they live in a mansion of 15,000 square feet. At $10.5 million, the mansion was the most expensive residential real estate sale in Atlanta’s history. The couple also owns three homes in Florida, one in Chicago and one in Georgia, worth $4.3 million.
Kelly Loeffler Career
Kelly graduated from DePaul and worked in finance for Citibank, Crossroads Group, and William Blair & Co. She started working at Intercontinental Exchange (ICE) in 2002. The New York Stock Exchange is probably the most famous asset owned by ICE.
At present, its market capitalization is $60 billion. Kelly eventually rose through the ranks of ICE to become the company’s head of marketing, investor relations, and communications. During Kelly’s tenure at ICE, she was also the CEO of Bakkt.
Jeffrey Sprecher founded ICE. Jeffrey serves as chairman and CEO of the company.
Senator Johnny Isakson resigned from the Senate in December, and after that Governor Brian Kemp appointed Kelly. She began serving in January 2020. ICE is said to have awarded Kelly $9 million when she left the company to join the Senate. According to the company, Kelly left “millions in equity compensation behind” upon joining the Senate, so the payout was deserved.
After learning privileged information about the COVID-19 pandemic, Loeffler and her husband sold millions of dollars worth of stocks in companies at risk.
Kelly is believed to travel the US in a private jet built by Bombardier. A similar jet can cost anywhere from $7 million to $20 million, depending on its condition and age.
Ownership of the WNBA
WNBA’s Atlanta Dream was one of Kelly’s investments in 2010. One year later, together with a partner, she became the full owner of the team. A letter Kelly wrote in July 2020 objected to players for wearing the “Black Lives Matter” slogan and other slogans. WNBA players demanded Kelly’s removal from ownership.
Controversy over stock sales
In 2020, Kelly was harshly criticized for allegedly selling about $20 million worth of stocks from January to March based on intelligence reports about COVID-19’s potential effects. After the world learned about the virus’ impact on the global economy, the Loefflers were reportedly able to avoid massive losses as the stock market crashed. But Loeffler denies any wrongdoings.