David Perdue Net Worth: $50 Million (approx.)
David Perdue net worth is around roughly $50 million as per his financial disclosure.
David Perdue’s net worth includes roughly $17 million in cash on hand, a Sea Island estate valued at $2.4 million and an additional $21 million in investments.
David Perdue assets include a $464,000 stake in Cardlytics, a financial company at the center of a Justice Department investigation in 2020 after Perdue sold more than $1 million worth of its stock. Investigators closed the case in mid-2020 without charges.
David Perdue reported earning about $6 million from investments during his last four years in the U.S. Senate.
In 2019, Perdue sold his Washington house for $1.8 million to a governor of the Financial Industry Regulatory Authority, which the Senate Banking Committee that Perdue sits on oversees and FINRA lobbies. As per reports, the sale was about $140,000 above market price.
In 2019, David Perdue wrote Treasury Secretary Steven Mnuchin a letter expressing concern that owners of professional sports teams could not take advantage of certain tax breaks. Sports team owners and their family members have donated over $425,000 to Perdue’s political campaigns.
David Perdue Net Worth 2022:
David Perdue Net Worth is around $50 Million. Perdue’s 2020 campaign attributed the request to Perdue’s history of having a leadership position in a sportswear company such as Reebok.
David Perdue Biography:
| Full Name: | David Alfred Perdue Jr. |
|---|---|
| Place of Birth: | Macon, Georgia, U.S. |
| Date of Birth: | December 10, 1949 |
| Age: | 72 years |
| Political party | Republican |
| Spouse(s) | Bonnie Dunn (m.1972) |
| Children | 3 |
| Relatives | Sonny Perdue (cousin) |
| Residence(s) | Sea Island, Georgia, U.S. |
| Education | Georgia Institute of Technology (BS, MS) |
| Occupation | Politician, businessman |
David Perdue is a politician and businessman. David Perdue served as the Senator for Georgia from 2015 to 2021. David Perduecurrently resides in Sea Island, Ga., and is running as a Republican candidate for the governor of Georgia in the 2022 race.
David Perdue has held high positions for companies including Kurt Salmon Associates, Sara Lee Corporation, Reebok, and Dollar General.
David Perdue first ran for U.S. Senate in 2014, which he won against Democratic nominee Michelle Nunn. He ran again in 2020 against Democrat nominee Jon Ossoff. Neither candidate received more than 50 percent of votes, so they ran against one another again in the run-off election which Ossoff won.
David Perdue Early Life:
David Perdue was born in Macon, Georgia to David Alfred Perdue Sr, and the former Gervaise Wynn, both schoolteachers. His father, a Democrat, was the elected superintendent of schools for Houston County, Georgia, from 1961 to 1980, where he oversaw the desegregation of the school system.
David Perdue Education
Perdue was raised in Warner Robins, Georgia, and graduated from Northside High School in 1968,where he was an excellent student, a varsity athlete, and class president. David Perdue went to college for one year at the United States Air Force Academy starting in June 1968, after receiving an appointment from Congressman Jack Brinkley of Georgia, but dropped out after earning low grades.
Perdue later transferred to Georgia Tech, where he earned a bachelor’s degree in industrial engineering in 1972, and a master’s degree in operations research in 1975.
David Perdue Business career:
David began his career in 1972 at Kurt Salmon Associates,an international consulting firm, where he worked for 12 years as a management consultant, leaving in 1984. From 1991 to 1992, Perdue was a managing director at international clothing company Gitano Group Inc. in Singapore.
In 1992, David Perdue started senior vice president of Asia operations for Sara Lee Corporation. During his tenure, David Perdue was involved in sourcing suppliers in China and Hong Kong while the company closed dozens of plants in the U.S., four of them in Georgia.
In 1994, David Perdue became senior vice president of operations at Haggar Clothing, increasing international production in lower-cost countries to 75 percent of the company’s operations.
In 1998, David Perdue joined Reebok as a senior vice president, eventually rising to president and CEO of the Reebok Brand.He is credited with rejuvenating its sneaker line. David Perdue negotiated a contract with the National Football League that a former Reebok executive called “revolutionary” for repositioning the company’s shoe brand.
David Perdue left Reebok in June 2002 to become the CEO of PillowTex, a North Carolina textile company. In July 2003, Pillowtex announced it would go out of business,leaving 7,650 workers out of work nationwide
After leaving Pillowtex, Perdue became CEO of Dollar General. David Perdue is credited for arranging the sale of Dollar General in 2007 to private equity investors KKR. In 2007 and 2008, he received $42 million in compensation from Dollar General. After closing hundreds of stores, the company doubled its stock price and opened 2,600 new stores.
During his 4 years as CEO, almost 2,500 individual employment cases were filed in federal court against the company, compared to 76 in the prior 4 years.
From 2007 to 2009, Perdue worked as a senior consultant for Indian chemical and textile conglomerate Gujarat Heavy Chemicals Ltd.
In April 2011, David Perdue started Perdue Partners, an Atlanta-based global trading firm. In December 2012, Perdue Partners acquired Benton Express, an Atlanta-based logistics company, and renamed it Benton Global. In February 2013, Benton Global began hauling cargo directly from the port.
From 2010 to 2014, David Perdue served on the board of directors of the data marketing firm Cardlytics. David Perdue acquired 75,000 shares in compensation for his board service. When Cardlytics became publicly owned, Perdue made $6 million from the shares.
David Purdue Political Career:
2014 U.S. Senate campaign
Perdue touted his business experience, and particularly his experience at Dollar General, in running for political office as a Republican candidate.
Perdue’s political opponents targeted his business career during the campaign, specifically for outsourcing work offshore.
Perdue’s campaign paid a $30,000 fine due to violations in fundraising reports from the 2014 election.
The race was considered competitive. Perdue defeated Democratic nominee Michelle Nunn 52.89% to 45.21%
Senate career
Perdue became Georgia’s senior senator after Johnny Isakson resigned on December 31, 2019.
2020–21 U.S. Senate campaign
Perdue ran for reelection to the U.S. Senate in the 2020 election. During the campaign, he repeatedly made false claims that his Democratic opponent, Jon Ossoff, is “endorsed” by the Communist Party of the United States.
In October 2020, Perdue mocked Democratic vice presidential nominee Kamala Harris by repeatedly mispronouncing her name during a campaign event.
Perdue’s term expired on January 3, 2021, leaving the seat vacant pending the runoff’s outcome. On January 5, Perdue lost the runoff and Ossoff was declared the winner
2022 Georgia gubernatorial election
Recruited and endorsed by former President Donald Trump, Perdue officially announced his challenge against Brian Kemp in the 2022 Georgia gubernatorial election Republican primary on December 6, 2021.
Perdue lost the May 24th primary election to incumbent Governor Kemp in a landslide, being defeated by over a 2:1 margin.
David Purdue Wife:
David Purdue married Bonnie Dunn in August 1972. The couple lives in Sea Island, Georgia.
They had a daughter who died in infancy and two sons, David A. Perdue III and Blake Perdue, as well as three grandchildren.
