Kelly Loeffler, the current chief of the Small Business Administration and former Georgia senator, has a net worth of $1 billion (as of November 22, 2024). She was closely allied with Donald Trump and served as a major Republican donor. Loeffler, who was appointed to fill Johnny Isakson’s seat, lost her 2020 Senate runoff to Raphael Warnock. During her tenure, she faced allegations of insider trading linked to COVID-19 information. After her defeat, she launched a voting rights initiative in Georgia aimed at registering Republican donors, paralleling efforts by Stacy Abrams. Her husband, Jeffrey Sprecher, leads the New York Stock Exchange.
Kelly Loeffler
Net worth: $1 Billion (As of November 22nd, 2024)
- Kelly Loeffler, the present head of the Small Business Administration, is a former senator from Georgia who was defeated by Raphael Warnock in the 2020 Senate runoff election. She has maintained a close relationship with Donald Trump over the years. Loeffler was a significant Republican donor and had strong ties to Georgia Republican governor Brian Kemp, who was appointed to fill the Senate seat left vacant by the late Senator Johnny Isakson.
- Loeffler’s spouse, Jeffrey Sprecher, serves as the CEO of the New York Stock Exchange. Both Loeffler and Sprecher are avid donors to the Republican Party, including contributions to Trump.
- During her brief tenure in the Senate, Loeffler was embroiled in a significant insider trading scandal, where she allegedly exploited information regarding COVID-19 to enhance her personal financial gains.
- Following her defeat in the Senate race, Loeffler launched a Georgia-based voting rights initiative aimed at registering Republican donors, a strategy reminiscent of her fellow Georgia politician, Stacey Abrams.
For additional details, refer to the Revolving Door Project’s Billionaires in Trump World tracker.