Condoleezza Rice Net Worth (Money & Salary)

What Is Condoleezza Rice’s Net Worth and Salary?

Condoleezza Rice, an American politician, civil servant, professor, and diplomat, has a net worth estimated at $12 million. She held the position of United States National Security Advisor from 2001 to 2005 and served as Secretary of State from 2005 to 2009 under President George W. Bush, making history as the first female African-American to fulfill both roles. After her service, Rice resumed her role as a professor at Stanford University, subsequently becoming the director of the Hoover Institution at the same institution.

Salary

In a typical year, Condoleezza generates income from various sources. Her salary from Stanford University amounts to $305,000. Additionally, she receives compensation for her involvement on multiple corporate boards. For instance, in 2019, she earned $405,000 from her role on the board of Dropbox, with $105,000 coming from her base salary and $300,000 from equity. Current regulatory filings indicate she possesses at least $4 million in Dropbox stock and has sold approximately $1 million worth since joining the board.

Furthermore, Condi serves on the CS.ai board, which provides her with an extra income between $200,000 and $300,000 annually.

Early Life and Career Beginnings

Born on November 14, 1954, in Birmingham, Alabama, Condoleezza Rice is the only child of John, a minister and dean of students, and Angelena, a high school teacher. She grew up in Birmingham’s Titusville neighborhood and on the campus of Stillman College in Tuscaloosa, where her father worked. In 1967, after moving to Denver, Colorado, Rice attended St. Mary’s Academy, an all-girls Catholic school. Upon graduating at the age of 16, she enrolled at the University of Denver, completing her B.A. in political science by age 19. In 1975, Condoleezza earned her M.A. in the same discipline from the University of Notre Dame.

In 1977, during the Carter administration, she began an internship at the State Department. By 1979, she was studying Russian at Moscow State University and held an internship with the RAND Corporation in California. She completed her Ph.D. in political science from the University of Denver in 1981, concurrently serving as a fellow at Stanford University’s Arms Control and Disarmament Program, marking the beginning of her long affiliation with Stanford.

Academic Career and Start in the White House

Rice was an assistant professor of political science at Stanford from 1981 to 1987 and then became an associate professor from 1987 to 1993, lecturing on the Soviet Union. Her work garnered the attention of Brent Scowcroft, who had previously served as National Security Advisor during the Gerald Ford administration. When Scowcroft returned to the White House under George H.W. Bush, he brought Rice onto the National Security Council as his Soviet expert. From 1989 to 1991, she held the role of director of Soviet and East European Affairs, where she contributed to policies supporting German reunification.

In 1993, Condoleezza was appointed the provost of Stanford University, becoming the first woman and first African-American to hold that position in the institution’s history.

National Security Advisor

Following the 2000 presidential election, Rice was appointed National Security Advisor under President George W. Bush, making her the first woman to achieve this role. Prior to the 9/11 attacks, she played a crucial part in discussions surrounding terrorism, having scheduled a meeting to address a new national security policy for the day of the attacks. After 9/11, Condoleezza met with the CIA director.

George Tenet confirmed the administration’s sanctioning of torture in interrogating suspected Al Qaeda members. Subsequently, in 2003, she emerged as a significant advocate for the Iraq invasion.

Secretary of State

Upon his reelection in 2004, Bush put forward Rice’s nomination for Secretary of State, succeeding Colin Powell. In this capacity, Condoleezza championed the enhancement of democratic regimes in the Middle East, striving to reform US diplomacy through her “Transformational Diplomacy” initiative. Additionally, Rice was instrumental in efforts to mitigate nuclear threats posed by Iran and North Korea. During this period, she traveled extensively, setting a record for the highest mileage accrued as Secretary of State.

Political Views

Until 1982, Rice identified as a Democrat, changing her party allegiance to Republican primarily due to disagreements with Carter’s foreign policy. Under Bush’s administration, while she held relatively liberal perspectives on abortion, she maintained conservative views on LGBTQ rights, gun rights, and environmental issues. Notably, she opposes same-sex marriage.

Private Sector

Beyond her public service, Rice has held positions on the boards of several companies, including the Carnegie Corporation, Chevron Corporation, Hewlett Packard, Transamerica Corporation, and Dropbox. In 1992, she established the Center for New Generation, an after-school initiative aimed at boosting high school graduation rates in East Palo Alto and Menlo Park, California.

Post-Bush Career

After her political service under Bush, Rice returned to academia, joining the Council of Foreign Relations. She resumed her role at Stanford as a political science professor, became a faculty member at the Graduate School of Business, and assumed directorship of the university’s Global Center for Business and the Economy. In 2012, Condoleezza made history by being one of the first two women, alongside financier Darla Moore, admitted to the Augusta National Golf Club. The following year, she was appointed as one of the inaugural members of the College Football Playoff selection committee. In 2020, Rice succeeded Thomas W. Gilligan as Stanford’s Hoover Institution director.

Music

Since the age of three, Rice has been playing the piano. At fifteen, she showcased her talent with the Denver Symphony performing Mozart, and during her tenure as Secretary of State, she regularly played with a chamber music ensemble. Her performances have taken place at various diplomatic events, embassies, and benefit concerts. In 2002, Condoleezza performed Brahms at the National Medal of Arts Awards, alongside celebrated cellist Yo-Yo Ma.

Personal Life

Rice has remained unmarried and has no children. In the 1970s, she was engaged briefly to NFL player Rick Upchurch, but she ended the relationship, believing it would not succeed.

Real Estate

In 1998, Rice, along with two investors, purchased a residence in Palo Alto, California, for $500,000. They sold this property in 2017 for $2.3 million. Between 2008 and 2018, she owned another home in Palo Alto, acquiring it for $1.375 million and eventually selling it for $1.96 million.

Stanford University was the buyer.