Former Georgia Democratic gubernatorial candidate Stacey Abrams purchased two homes worth a combined $1.4 million following her failed 2018 bid to lead the state, public records show.
Abrams purchased the homes despite reporting in a financial disclosure in early 2018 during her gubernatorial campaign that she owed the IRS $54,000 in back taxes on top of $174,000 in credit card and student loan debt. Abrams purchased a 3,300 square foot home in Stone Mountain, Georgia, for $370,000 in September 2019, according to Nexis real estate records. The home is now worth $425,000, according to Redfin. Just over a year later, in October 2020, Abrams sold an Atlanta townhome she purchased in 2004 and bought a 4,100 square foot home in the city for $975,000, Nexis records show.
Her new Atlanta home is now valued at just over $1 million, according to Redfin. Abrams’ home purchases were first reported by Fox News. Abrams’ financial situation appears to have improved since her 2018 election loss to Georgia Gov. Brian Kemp. She repaid her tax, credit card and student loan obligations entirely by May 2019, according to The Atlanta Journal-Constitution.
Following her election defeat, Abrams published a memoir that spent multiple weeks on The New York Times bestseller list in April 2019. Abrams has also earned revenue from speaking arrangements since her defeat, with fees ranging from $50,000 to $100,000 per event, according to Speaker Booking Agency.
ARTICLE: PAUL MURDOCH
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: SA CURRENT
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