Kay Ivey is serving as the 54th governor of Alabama since 2017. She is the second female governor and the first female Republican governor upon the resignation of her predecessor and won a full term in the 2018 gubernatorial election.
Thus, Kay Ivey’s net worth has escalated massively since her career, and she became the oldest governor in the United States at age 76. Hence, let’s find more about her income and earnings as a governor.
Kay Ivey Net Worth And Earnings
Republican Kay Ivey serves as the current governor of Alabama following Robert J. Bentley‘s court-mandated resignation after a guilty plea deal amidst a corruption scandal.
Therefore, taking office on April 10, 2017, Kay Ivey’s net worth must have escalated a great deal.
Earning As Governor
Unfortunately, Kay Ivey’s net worth is not published publicly, but she must have earned massively, thanks to her veteran career.
Moreover, the average salary of the state governor of Alabama is $119,950 since 2013, as per CSG. However, according to The Book of the States, governors in three states, including Alabama, do not accept a paycheck or return their salary to the state.
Thus, Kay Ivey’s salary, $119,950 per annum, must have doubled her fortune per year. Moreover, her financial disclosure in 2017 showed that the state’s new government had no debt and received income from hunting and timber leases.
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Moreover, as a Lt. Governor, Kay Ivey made $60,830, and her investment accounts income of between $1,000 and $50,000. As people say, no debt = more prosperous as a billionaire who owes thousands of dollars to the state.
Therefore, Kay Ivey’s net worth has escalated as a state governor. Not to mention, Ivey also makes additional bucks from her leases and hunting programs.
Earnings From Hunting Leases
As mentioned earlier, Kay Ivey’s wealth has escalated a great deal, thanks to her career as a governor. However, the cash flow in the Ivey household is not limited there.
According to the disclosure forms in 2017, it was revealed that Ivey earns between $10,000 to $50,000 from hunting leases. Likewise, she also made $50K to $150K from the Washington state timber company, Weyerhouse, in 2016.
Moreover, the financial disclosure forms also showed that the timber property brought in as much as $250,000 per year.
Besides leases, Kay’s earnings also incorporate bank interests, retirement income from Great-West Retirement Services worth $1000-$10,000. Also, as the state of Alabama, her retirement income is estimated between $10K to $50K.
Kay Ivey’s Home & Lifestyle
As mentioned earlier, Kay Ivey’s fortune has doubled; kudos to her multiple ventures. So naturally, she’s able to afford all the luxuries and lands around the state.
However, the state governor, Kay, is currently staying at the Governor’s mansion at 1142 S. Perry St., Montogomery, Alabama. Furthermore, built-in 1907, the villa stands at 2 acres of land.
The interior of the Governor’s mansion features 17 primary rooms with a dual staircase leading from the entrance hall to the second level.
Besides the luxurious life at the governor’s mansion in Alabama, Kay Ivey also owns 1,572 acres worth $2.6 million in Monroe County. The property helps her generate a revenue of at least $150,000 from hunting leases, as mentioned earlier.
Moreover, Kay’s property was assessed for tax purposes at less than $60,000 in 2018. According to AL, the trust was billed just $1,952 in taxes for 1500 acres of land.
Interestingly, the Alabama Treasure Forest Association presented Kay with the Treasure Forest Certification for her property in Monroe County the same year.
Far from controversy and debt, state governor, Kay Ivey’s net worth has been rising while staying at the governor’s mansion. Furthermore, she is eligible for re-election and has stated that she will do so.
Therefore, let’s hope Kay Ivey won her people’s trust this year too.