The Surprising Gary Condit Net Worth Revealed: How Much Did He Really Make?
Gary Condit was a former U.S. representative who represented California’s 18th congressional district from 1989 to 2003. He became one of the most controversial politicians in the United States in 2001 when he was linked to the disappearance of his intern, Chandra Levy. While the scandal derailed Condit’s career, he had already made a tidy sum as a politician and businessman. Here is a breakdown of Gary Condit’s net worth and how he made his money.
The Early Life of Gary Condit
Gary Condit was born on April 21, 1948, in Woodland, California. He graduated from California State University, Stanislaus in 1972 with a degree in political science. After graduation, he worked as a teacher before entering politics. In 1980, he was elected to the Ceres City Council, and in 1982, he was elected to the California State Assembly.
Salary as a U.S. Representative
Condit served as a U.S. representative for the 18th congressional district of California for 14 years. During his time in office, he earned a salary of $141,300 per year.
Real Estate Investments
Condit became a real estate investor after leaving office. In 2004, he bought a 361-acre ranch in Stanislaus County, California, for $2.8 million. He also owned several other properties, including a commercial building in Washington, D.C.
Consulting Work
After leaving Congress, Condit worked as a consultant for various companies. In 2004, he was hired by a company called Seabury Group to help them expand their business in Asia.
Legal Fees
After being linked to the disappearance of Chandra Levy, Condit incurred significant legal fees. He spent hundreds of thousands of dollars on lawyers during the investigation and the subsequent defamation lawsuit he brought against Vanity Fair.
Divorce Settlement
Condit’s wife, Carolyn Berry, filed for divorce in 2015, after 23 years of marriage. The couple had two adult children together. The divorce settlement is not public, but it is likely that Condit had to pay a significant amount of money to his ex-wife.
Net Worth Estimate
Gary Condit’s net worth is estimated to be around $1.5 million. That’s a far cry from other politicians who have amassed fortunes during their time in office, but it’s not a small sum either.
Conclusion
While Gary Condit’s political career was derailed by the scandal surrounding Chandra Levy, he still managed to make a decent amount of money during his time in office and afterwards. Despite incurring significant legal fees and a likely substantial divorce settlement, his net worth is still in the millions.
FAQs
Q: How did Gary Condit make his money?
A: Condit made his money as a politician, real estate investor, consultant, and businessman.
Q: Did Gary Condit lose his job because of the Chandra Levy scandal?
A: Condit lost his bid for re-election in 2002, partly due to the scandal surrounding the disappearance of Chandra Levy.
Q: How much did Gary Condit spend on legal fees?
A: Condit spent hundreds of thousands of dollars on legal fees during the investigation and the defamation lawsuit he brought against Vanity Fair.
Q: Is Gary Condit still involved in politics?
A: No, Condit has not been involved in politics since losing his reelection bid in 2002.
Q: What is Gary Condit’s net worth?
A: Gary Condit’s net worth is estimated to be around $1.5 million.