The Washington Postreports that the GOP"s latest-most-beloved, Newt Gingrich, has assembled a $100 million gaggle that businesses. Past the incomparable advertising benefit to Tiffany (TIF) the Gingrich"s $500,000 line of credit, the Gingrich Industrial complicated (GIC) looks huge enough to pay for Callista"s blue-boxed baubles.

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The write-up provides impressive details ~ above the sources of Gingrich"s riches -- below is a partial list:

A non-profit political procedure -- American options for to win the Future. Prior to disintegrating, the post reported it generated $52 million and also sourced the cash come pay because that Gingrich"s exclusive jet take trip at $35,000 to $40,000 a trip and also $200,000 come $300,000 a year in personal limousine bills; A health-care think tank -- The center for Health revolution (CTH) was paid for by yearly dues indigenous its corporate sponsors ranging from $20,000 to $200,000. Diabetes treatment company, NovoNordisk payment $1.2 million as a CTH starting charter member for Gingrich"s speeches concerned diabetes care, follow to the Post;
A consulting service that famously built up $1.8 million from Freddie Mac -- among the most popular Republican party pinatas when it involves the housing crisis blame game. One customer Pharmaceuticals Research and Manufacturers that America payment Gingrich $150,000 in between 2001 and 20012 when it dropped that after Gingrich recommended the it should build a net site; and A interactions firm that taken on his 50 to 80 speeches a year in ~ $60,000 per speech, media appearances and books.

Between the consulting firm and CTH, Gingrich accumulated $55 million in revenues from 300 clients in between 2001 and 2010.

Gingrich"s 201o revenue of $2.5 million placed him steady in the top 0.1% of Americans. However he has actually not been able to keep lot of that $100 million -- BusinessWeek reports the his net worth as of July 2011 was a paltry $6.7 million.

Gingrich collection out ~ above this entrepreneurial venture with a clear vision. The article reports that for a other who resigned native the house in 1998 and also was around to divorce his second wife. The famously inquiry his an initial wife, his high college geometry teacher for a divorce, as soon as she remained in the hospital with uterine cancer, Gingrich hosted himself come standards.

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For instance, that did not want to follow previous Senator Bob Dole down the Pfizer (PFE) Viagra-endorsement path; nor did he desire to lobby. Yet he did want "time for thinking, learning and, a favorite pastime, visiting zoos."

In that, the GIC is a marvelous entrepreneurial success. And given his verbal agility, Gingrich may have the ability to talk his way out of every the thoughtful contradictions between his arch conservative views and also his willingness to suck $100 million native the mommy of all large government careers.


I ditched corporate America in 1994 and started a monitoring consulting and venture funding firm ( I began following share in 1981 when I to be in

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I ditched corporate America in 1994 and also started a administration consulting and venture funding firm ( I started following share in 1981 once I was in grad school at MIT and very first analyzed tech stocks as a guest top top CNBC in 1998. I became a contributor in April 2011. My 15th book -- released in November 2020 -- is "Goliath Strikes Back: How traditional Retailers are Winning ago Customers native Ecommerce Startups." I appeared eight times in the 2016 documentary: "We The People: The market Basket Effect." ( I also teach service strategy and entrepreneurship at Babson college in Wellesley, Mass. (