What is Doug Ducey net worth?
Douglas Anthony Ducey Jr. is an American businessman and politician serving as the 23rd and current governor of Arizona. Doug Ducey net worth is estimated at $15 million.
Early life and education
Doug Ducey was born Douglas Anthony Roscoe Jr. in Toledo, Ohio, where he was raised. He is the son of Madeline Scott and Douglas Roscoe Sr., a former member of the Toledo Police Department.
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His parents divorced and in 1975 his mother married businessman Michael Ducey, to whom she remained married until 1981. Michael Ducey adopted Douglas and his siblings in 1976; Douglas’s last name was legally changed to his adoptive father’s.
Ducey graduated from St. John’s Jesuit High School in 1982 and moved to Arizona to attend Arizona State University (ASU) while working at Hensley & Co., the Anheuser-Busch distributor owned by the family of Cindy McCain. He graduated in 1986 with a Bachelor of Science degree in finance.
Doug Ducey Career
After graduating from ASU, Ducey joined Procter & Gamble and began a career in sales and marketing. Ducey was the CEO at Cold Stone Creamery from 1995 to 2007.
When he and his business partner sold the company in 2007, Cold Stone (which was founded in 1988) had more than 1,400 locations in the United States and ten other countries. After the company’s sale to Kahala, accusations of franchise mismanagement led Ducey to leave the organization.
e became the lead investor and served as chairman of the board for iMemories from 2008 to 2012. Cold Stone Creamery franchises ranked among the 10 worst franchise brands in terms of Small Business Administration loan defaults.
In 2010 Ducey was elected State Treasurer of Arizona, replacing Dean Martin. As Arizona’s chief banker and investment officer, Ducey oversaw more than $12 billion in state assets and served as an investment manager for local governments.
The Treasurer serves as the chairman of Arizona’s State Board of Investment and State Loan Commission, and as the state’s surveyor general and a member of the State Land Selection Board. Ducey also served as the western region vice president for the National Association of State Treasurers, and was the president of the Western State Treasurers’ Association.
Governor of Arizona
In July 2013 Ducey filed the paperwork necessary to explore the possibility of running for governor. On February 19, 2014, he formally announced his intention to seek the office at a rally in downtown Phoenix.
He received the endorsement of numerous conservative leaders, including Senators Ted Cruz and Mike Lee, as well as Governor Scott Walker and former Senator Jon Kyl.
Ducey won the Republican nomination in the August primary, and was subsequently endorsed by the outgoing governor, Jan Brewer, along with Senators John McCain and Jeff Flake, and the Republicans in Arizona’s U.S. House delegation. Ducey was also endorsed by several organizations, including Arizona Right to Life, Concerned Women for America and the Small Business Alliance.
Ducey defeated Democrat Fred DuVal and Libertarian Barry Hess in the November 4 general election.
During Ducey’s campaign, press accounts revealed that some of his relatives in Toledo were involved in organized crime in Ohio. The investigation found no evidence that Ducey profited from or engaged in criminal activity. He declined to comment.
Doug Ducey Net Worth
Doug Ducey net worth is estimated at $15 million. He is among the richest senators in United States. Doug is also a very successful businessman. He previously was the CEO of Cold Stone Creamery, a chain of ice cream parlors based in Scottsdale, Arizona. The Duceys purchased land in Paradise Valley, Arizona in 2005, had a house built there, and listed the home for sale in late 2019 at an asking price of $8.75 million.
Ducey met his wife, Angela, while attending Arizona State University. They live in Paradise Valley with their three sons, Jack, Joe and Sam.