Stacey Abrams decided to run for governor of Georgia in 2018, when she was hundreds of thousands of dollars in debt. But she has found that losing that race, and then becoming an election denier, pays rather well. In 2022, as she enters the next race for governor, she has become a multi-millionaire — it’s easy to see why she’s running again.
Election financial disclosures filed last month show that Abrams is now worth $3.17 million as she heads into this year’s gubernatorial race. Four short years ago, she had more than $400,000 in debt from student loans, credit cards, back taxes, and real estate mortgages. She argued at the time that her financial situation did not impact her qualification to serve as governor.
Since losing in 2018, Abrams has made at least $6 million from working, writing books, and giving speeches that revolve around her evidence-free claims of election fraud causing her loss.
Abrams lost the race in 2018 to Republican Brian Kemp, who was then serving as Secretary of State, by 1.4 percent. She flatly refused to concede the race, maintaining public claims that the election was “tainted” by the “disinvestment and disenfranchisement” of large numbers of people who wanted to vote for her.
The closest she ever came to a concession was her statement acknowledging in a speech that Kemp was “certified the victor.” In the same speech, she said that it was “truly appalling” to see Kemp “baldly pin” his campaign on the “suppression” of the right to vote. She added that “as a woman of conscience and faith,” she refused to concede that Kemp’s actions were “right, true, or proper.”
Even though there has never been any evidence to support Abrams’s claims, she has profited handsomely from them. She immediately positioned herself to put her baseless claims of election fraud on every form of corporate media.
Her complaints about the 2018 election struck a chord with Democrats and media outlets still stinging from Hillary Clinton’s humiliating loss to President Donald Trump in 2016. Clinton was eager to proclaim at the time that if Abrams “had a fair election, she already would have won.”
As attention to her failed claims of election fraud waned, she created a new national stir by calling for boycotts of the entire state of Georgia as Republicans in the state passed new election integrity laws.
In addition to her other newly discovered sources of income, Abrams has pulled in $700,000 from her new organization, the Southern Economic Advancement Project. That project claims to support “broadening economic power and building a more equitable future.”
Abrams may well be running again this year with an unstated desire to lose again. The income she could take in with the help of the corporate media and the Democratic Party as a two-time loser with plenty of complaints will likely be even better.