Stacey Abrams now owns two homes totaling $1.4M after starting 2018 campaign in massive debt

According to a new report from Fox News “Former Democratic Georgia gubernatorial candidate Stacey Abrams now owns two homes in Georgia collectively worth $1.4 million despite having been hundreds of thousands of dollars in debt before her unsuccessful run against Gov. Brian Kemp.”

Per the report:

The former state lawmaker bought her first townhome in DeKalb County for $246,300 in 2004 and purchased a second home in the area in 2019 for $370,000 that is now valued at $409,400.

Fast-forward to October 2020, just days before the presidential election. Abrams simultaneously sold the home she bought in 2004 for $400,000 and bought a new second home for $975,000.

The home Abrams purchased in October of last year is now valued at $1,003,934.

The two houses are worth a combined $1.4 million, illustrating that Abrams has seen a significant financial tailwind since her failed 2018 campaign.

According to her 2017 financial disclosure forms for her campaign, Abrams had a net worth of just under $110,000 with just above $410,000 in total liabilities. She also had an IRS debt of $54,000 that she settled in 2019.