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What is Sarah Palin net worth?
Sarah Palin is an American politician, commentator, author, and reality television personality with a net worth of $8 million. She served as the 9th governor of Alaska from 2006 until her resignation in 2009. As the 2008 Republican vice presidential nominee alongside Arizona Senator John McCain, she was the first Republican female vice presidential nominee and the second female vice presidential nominee of a major party, after Geraldine Ferraro in 1984. The McCain-Palin ticket lost the 2008 election to Barack Obama and Joe Biden.
Introduction
Palin was elected to the Wasilla city council in 1992 and became mayor of Wasilla in 1996. In 2003, after an unsuccessful run for lieutenant governor, she was appointed chair of the Alaska Oil and Gas Conservation Commission, responsible for overseeing the state’s oil and gas fields for safety and efficiency. In 2006, she became the youngest person and the first woman to be elected Governor of Alaska.
Since her resignation as governor, she has endorsed and campaigned for the Tea Party movement as well as several candidates in multiple election cycles, prominently including Donald Trump for president in 2016. From 2010 to 2015, she provided political commentary for Fox News. She hosted TLC’s Sarah Palin’s Alaska in 2010–11, and Amazing America with Sarah Palin on the Sportsman Channel in 2014–15. On July 27, 2014, Palin launched an online news network called the Sarah Palin Channel, which was closed on July 4, 2015. Her book Going Rogue has sold more than two million copies.
Early life
Sarah Louise Palin born February 11, 1964, was born in Sandpoint, Idaho, the third of four children (three daughters and one son) of Sarah “Sally” Heath, a school secretary, and Charles R. “Chuck” Heath, a science teacher and track-and-field coach. Palin’s siblings are Chuck Jr, Heather, and Molly. Palin is of English, Irish, and German ancestry.
Sarah Palin Biography
| Name | Sarah Palin |
| Net Worth | $8 million |
| Profession | Politician |
| Height | 1.65m |
| Age | 58 years |
When Palin was a few months old, the family moved to Skagway, Alaska, where her father had been hired to teach. They relocated to Eagle River, Anchorage in 1969, and settled in Wasilla, Alaska in 1972.
Palin played flute in the junior high band. She attended Wasilla High School, where she was head of the Fellowship of Christian Athletes and a member of the girls’ basketball and cross-country running teams. During her senior year, she was co-captain and point guard of the basketball team that won the 1982 Alaska state championship, earning the nickname “Sarah Barracuda” for her competitive streak.
In 1984, Palin won the Miss Wasilla beauty pageant; she finished third (as second runner-up) in the Miss Alaska pageant, where she won the title of “Miss Congeniality”. She played the flute in the talent portion of the contest. One author reports that she received the Miss Congeniality award in the Miss Wasilla contest (but this is disputed by another contestant and classmate of Palin’s), and a college scholarship.
After College
After graduating from high school in 1982, Palin enrolled at the University of Hawaii at Hilo. Shortly after arriving in Hawaii, Palin transferred to Hawaii Pacific University in Honolulu for a semester in the fall of 1982. She returned to the mainland, enrolling at North Idaho College, a community college in Coeur d’Alene, for the spring and fall semesters of 1983. She transferred and enrolled at the University of Idaho in Moscow for an academic year starting in August 1984. Beginning in the fall of 1985, she attended Matanuska-Susitna College in Alaska. Palin returned to the University of Idaho in January 1986 and received her bachelor’s degree in communications with an emphasis in journalism in May 1987.
Career
After graduation, she worked as a sportscaster for KTUU-TV and KTVA-TV in Anchorage and as a sports reporter for the Mat-Su Valley Frontiersman, fulfilling an early ambition. Palin was elected to the Wasilla City Council in 1992, winning 530 votes to 310. Throughout her tenure on the city council and the rest of her political career, Palin has been a Republican since registering in 1982.
Mayor of Wasilla
Concerned that revenue from a new Wasilla sales tax would not be spent wisely, Palin ran for mayor of Wasilla in 1996, defeating incumbent mayor John Stein 651 to 440 votes. Her biographer described her campaign as targeting wasteful spending and high taxes; her opponent, Stein, said that Palin introduced abortion, gun rights, and term limits as campaign issues. The election was nonpartisan, though the state Republican Party ran advertisements for Palin. She ran for reelection against Stein in 1999 and won, 909 votes to 292. In 2002, she completed the second of the two consecutive three-year terms allowed by the city charter. She was elected president of the Alaska Conference of Mayors in 1999.
First term
Using revenue generated by a 2% sales tax, which had been approved by Wasilla voters in October 1992, Palin cut property taxes by 75% and eliminated personal property and business inventory taxes. Using municipal bonds, she made improvements to the roads and sewers and increased funding to the police department. She oversaw creation of new bike paths and procured funding for storm-water treatment to protect freshwater resources. At the same time, she reduced the budget of the local museum and postponed discussions about a new library and city hall, which some of the council believed was needed.
Soon after taking office in October 1996, Palin eliminated the position of museum director. She asked for updated resumes and resignation letters from “city department heads who had been loyal to Stein”, although the mayor’s office was considered a non-partisan position. These included the city police chief, public works director, finance director, and librarian. Palin stated this request was to find out their intentions and whether they supported her. She temporarily required department heads to get her approval before talking to reporters, saying they needed to learn her administration’s policies. She created the position of city administrator and reduced her own $68,000 salary by 10%. By mid-1998 this action was reversed by the city council.
In October 1996, Palin asked library director Mary Ellen Emmons if she would object to the removal of a book from the library if people were picketing to have the book removed. Emmons responded that she would, and others as well. Palin stated that she had not been proposing censorship but had been discussing many issues with her staff that were “both rhetorical and realistic in nature.” No attempt was made to remove books from the library during Palin’s tenure as mayor.
Sarah Palin said she fired Police Chief Irl Stambaugh because he did not fully support her efforts to govern the city. Stambaugh filed a lawsuit alleging wrongful termination and violation of his free speech rights. The judge dismissed Stambaugh’s lawsuit, holding that the police chief served at the discretion of the mayor and could be terminated for nearly any reason, even a political one, and ordered Stambaugh to pay Palin’s legal fees.
Second term
During her second term as mayor, Palin proposed and promoted the construction of a municipal sports center to be financed by a 0.5% sales tax increase and a $14.7 million bond issue. Voters approved the measure by a 20-vote margin, and the Wasilla Multi-Use Sports Complex (later named the Curtis D. Menard Memorial Sports Center) was built on time and under budget. However, the city spent an additional $1.3 million because of an eminent domain lawsuit caused by the city’s failure to obtain clear title to the property before beginning construction. The city’s long-term debt grew from about $1 million to $25 million because of expenditures of $15 million for the sports complex, $5.5 million for street projects, and $3 million for water improvement projects. The Wall Street Journal characterized the project as a “financial mess.” A city council member defended the spending increases as being necessitated by the city’s growth during that time.
Palin also joined with nearby communities in hiring the Anchorage-based lobbying firm of Robertson, Monagle & Eastaugh to lobby for federal funds. The firm secured nearly $8 million in earmarks for the Wasilla city government, including $500,000 for a youth shelter, $1.9 million for a transportation hub, and $900,000 for sewer repairs. In 2008, Wasilla’s current mayor credited Palin’s 75 percent property tax cuts and infrastructure improvements with bringing “big-box stores” and 50,000 shoppers per day to Wasilla.
State politics
In 2002, Palin ran for the Republican nomination for lieutenant governor, coming in second to Loren Leman in a five-way Republican primary. Following her defeat, she campaigned throughout the state for the nominated Republican governor-lieutenant governor ticket of Frank Murkowski and Leman. Murkowski and Leman won and Murkowski resigned from his long-held U.S. Senate seat in December 2002 to assume the governorship. Palin was said to be on the “short list” of possible appointees to Murkowski’s U.S. Senate seat, but Murkowski ultimately appointed his daughter, State Representative Lisa Murkowski, as his successor in the Senate.
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Governor Murkowski offered other jobs to Palin and, in February 2003, she accepted an appointment to the Alaska Oil and Gas Conservation Commission, which oversees Alaska’s oil and gas fields for safety and efficiency. While she had little background in the area, she said she wanted to learn more about the oil industry and was named chair of the commission and ethics supervisor. By November 2003, she was filing nonpublic ethics complaints with the state attorney general and the governor against a fellow commission member, Randy Ruedrich, a former petroleum engineer and at the time the chair of the state Republican Party. He was forced to resign in November 2003. Palin resigned in January 2004 and put her protests against Ruedrich’s “lack of ethics” into the public arena by filing a public complaint against Ruedrich, who was then fined $12,000. She joined with Democratic legislator Eric Croft in complaining that Gregg Renkes, then the attorney general of Alaska, had a financial conflict of interest in negotiating a coal exporting trade agreement. Renkes also resigned his post.
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From 2003 to June 2005, Palin served as one of three directors of “Ted Stevens Excellence in Public Service, Inc.,” a 527 group designed to provide political training for Republican women in Alaska. In 2004, Palin told the Anchorage Daily News that she had decided not to run for the U.S. Senate that year against the Republican incumbent, Lisa Murkowski, because her teenage son opposed it. Palin said, “How could I be the team mom if I was a U.S. Senator?
Husband
Sarah and Todd Palin married on August 29, 1988, and they have five children: sons Track Charles James (born 1989) and Trig Paxson Van (born 2008), and daughters Bristol Sheeran Marie (born 1990), Willow Bianca Faye (born 1994), and Piper Indy Grace (born 2001). Palin’s youngest child, Trig, born 2008, was prenatally diagnosed with Down syndrome. Palin has seven grandchildren, three by Bristol, two by Track and two girls by Willow. Palin’s husband Todd worked for oil company BP as an oil-field production operator, retiring in 2009, and owns a commercial fishing business.
Todd filed for divorce from Sarah on August 29, 2019, citing “incompatibility of temperament”. He requested an equal division of debts and assets, and to have joint custody of their son, Trig. The divorce was finalized on March 23, 2020.
Sarah Palin net worth
How much is Sarah Palin worth? Sarah Palin net worth 2023 is estimated at around $8 million. Palin was “baptized Catholic as a newborn” as her mother, Sally, had been raised Catholic. However, the Heath family “started going to non-denominational churches” thereafter. Later, her family joined the Wasilla Assembly of God, a Pentecostal church, which she attended until 2002. Palin then switched to the Wasilla Bible Church. Several news reports posted immediately after McCain named her his running mate called her the first Pentecostal/charismatic believer to appear on a major-party ticket. Palin does not use the term “Pentecostal” but says she is a “Bible-believing Christian”.