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The political figure, government employee, academic, and diplomat Condoleezza Rice is an American. Between 2001 to 2005, Condoleezza worked for President George W. Bush as the nation’s national security adviser. And after that she was the country’s secretary of state for 4 years.
She occupies both positions for the first time among African-American females, which is one of her many accomplishments. After her appointment was complete, Rice returned to her previous position of educating students at Stanford University, where she ultimately become supervisor of the Hoover Institution.
Curious about Condoleezza Rice net worth, early life, and political career? Seems like we have all the answers. Read on!
Condoleezza Rice’s Early Life – Get To Know All About Her Life!
John, a preacher and scholar supervisor, and Angelena, a high school tutor, raised Condoleezza Rice. She was born in Birmingham, Alabama, in 1954. Before moving to the Stillman College campus in Tuscaloosa, where her dad worked, Rice was raised in Birmingham’s Titusville neighborhood.
Rice took admission to the all-girls Catholic school St. Mary’s Academy in 1967 after the family relocated to Denver, Colorado. She studied at the University of Denver after finishing high school at the age of 16, where she earned a BA in political science and graduated at a very young age. She got a Master’s degree in the same discipline from the University of Notre Dame in 1975.
In 1977, during Carter’s presidency, she got employed in the State Department as a trainee. She spent 1979 studying Russian at Moscow State University and working as an apprentice in California for the RAND Corporation.
Later, in 1981, she got a Ph.D. from the University of Denver in political science. She started her long-term relationship with Stanford during that period as a fellow at the university’s Arms Control and Disarmament Program.
At Stanford University, Rice taught political science as an assistant professor from 1981 to 1987 and as an associate professor from 1987 to 1993. She lectured about the Soviet Union throughout this time. Former National Security Advisor for the Gerald Ford administration Brent Scowcroft became interested in her work.
Rice joined the National Security Council as Scowcroft’s go-to expert on the Soviet Union when he returned to the White House to work for the newly elected George H.W. Bush. She was in charge of developing policies encouraging German reunification during her tenure as director of Soviet and East European Affairs, which spanned from 1989 to 1991. Rice became Stanford University’s Provost in 1993, becoming the institution’s first female and the first African-American to hold that role.
Condoleezza Rice net worth has been discussed in detail in this article. Read further to know all about her assets!
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Professional Endeavours – What Has Contributed to Condoleezza Rice Net Worth?
Stanford University employed her as an associate professor of political science (1981–1987). In 1987, she received a promotion to associate professor, which she retained until 1993. She was an expert on the Soviet Union and provided lectures on the topic at the Berkeley-Stanford joint program in the middle of the 1980s under the direction of UC Berkeley professor George W. Breslauer.
She worked as the administrator of the Joint Chiefs of Staff’s special subordinate in 1986 when she was a Council on Foreign Relations fellow in international affairs. When Donald Kennedy left his position as president of Stanford in 1992, Rice offered to join the committee charged with finding his successor. Gerhard Casper, the University of Chicago provost, was finally selected by the committee.
Casper chose Rice as Stanford’s administrator after meeting her during this hunt, the institution’s main financial and academic official, in 1993. She was also given tenure and became a full-time lecturer.
In a goodbye meeting conducted at the beginning of December 2008, Rice said she will return to Stanford and the Hoover Institution, but she did not elaborate on her position beyond writing and lecturing. In an interview with the Stanford Report in January 2009, Rice commented on his plans to return to school. On March 1, 2009, she returned to Stanford as a professor of political science and senior fellow at the Hoover Institution.
The Thomas and Barbara Stephenson Senior Fellow on Public Policy at the Hoover Institution, Denning Professor in Global Business and the Economy at the Stanford Graduate School of Business, and Professor of Political Science at Stanford University are the recent designations Condoleezza Rice retains. Being a professor at Stanford has added high value to Condoleezza Rice net worth.
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Condoleezza Rice Net Worth 2022!
Condoleezza is paid by a number of organizations during the course of a typical year. Her Stanford University earnings is $305,000. Additionally, she is paid for serving on several company boards. Her membership on the board of Dropbox brought approximately $405,000 for her in 2019. As for the year 2022 Condoleezza Rice net worth is around $12 million.
The overall pay consisted of a basic salary of $105,000 and equity in the amount of $300,000. The most current regulatory filings show that she owns at least $4 million worth of Dropbox shares, which she has sold for around $1 million since being voted for.
In 1998, Rice paid $500 000 for a home in Palo Alto, California, together with two other investors. In 2017, they sold the residence for $2.3 million. From 2008 through 2018, she lived in a separate Palo Alto home. She paid $1.375 million for the property, which she later traded for $1.96 million. The University of Stanford was the purchaser. All of these investments have helped in accumulating Condoleezza Rice net worth significantly.
According to Form 4 submitted to the SEC, Condoleezza has traded the shares of Dropbox Inc. more than four times since 2018. On June 4, 2021, Condoleezza most recently exercised 55,119 DBX stock units for a total of $78,820.
The biggest transaction Condoleezza ever completed was the exercise of 75,161 Dropbox Inc. stock options on March 8, 2021, for a total value of about $45,097. Since 2018, Condoleezza has traded 16,293 units every 92 days on average. Condoleezza continued to have at least 129,506 shares of Dropbox Inc stock as of June 4, 2021.
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