What is Greg Gianforte net worth ?
Greg Gianforte net worth 2022: Gregory Richard Gianforte is an American politician, businessman, engineer, philanthropist, and author serving as the 25th Governor of Montana since 2021. A Republican, Gianforte served as the Representative for Montana’s at-large congressional district from 2017 to 2021. Greg Gianforte net worth is $135 million.
Early life and education
Gregory Richard Gianforte was born on April 17, 1961, in San Diego, California. He is the oldest son of Frank Richard Gianforte (1937–2015).
After the age of three, Gianforte was raised in the Valley Forge and King of Prussia suburbs northeast of Philadelphia, Pennsylvania, including Wayne, an affluent unincorporated township community that extends into the Montgomery, Chester, and Delaware counties of Pennsylvania.
During his high school years in the 1970s, Gianforte started a software business. He attended Upper Merion Area High School in King of Prussia, Pennsylvania, where he was elected class president during his junior and senior years. Gianforte was also captain of his school football team, where he played left offensive guard. He graduated from high school in 1979.
Gianforte graduated in 1983 from his father’s alma mater, Stevens Institute of Technology, a private research university in Hoboken, New Jersey, with a B.E. in electrical engineering and a master’s degree in computer science. Gianforte directed a computer lab with 12 programmers. He was a member of the Delta Tau Delta men’s fraternity, and enjoyed playing squash.
Gianforte began his career in 1983 at Bell Laboratories, working in product acquisition. Frustrated by the bureaucratic corporate hierarchy at Bell Labs, Gianforte departed to co-found Brightwork Development Inc., a developer of server-based LAN management software for the banking industry, which was based in Tinton Falls, New Jersey.
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He and his partners sold the company to McAfee Associates for $10 million in 1994. Gianforte then began working for McAfee as head of North American sales. In 1995, he moved to Bozeman, Montana.
Gianforte and his wife, Susan, a mechanical engineer by trade, co-founded RightNow Technologies in 1997. Part of Gianforte’s strategy was to leverage the internet as a means to overcome geographic barriers to building a globalized business. By the time the company went public in 2004, it employed over 1,000 workers and executives both in Bozeman, and globally, with offices in the UK, Asia, and Australia. The company included future Senator Steve Daines among its executives.
The company was acquired by Oracle Corporation for $1.5 billion in 2011. At the time, Gianforte’s 20 percent stake in the company was worth about $290 million.
In 2005, along with a London-based co-author, Marcus Gibson, Gianforte published a business book: Bootstrapping Your Business, start and grow a successful company with almost no money. He has offered business lectures on entrepreneurship, and on building a global business.
U.S. House of Representatives
On March 1, 2017, Republican Representative Ryan Zinke of Montana’s at-large congressional district resigned his seat following his confirmation by the United States Senate as United States Secretary of the Interior.
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A special election was scheduled to fill the remainder of Zinke’s term. Gianforte had already announced his intention to seek the seat on January 25, prior to Zinke’s confirmation and subsequent resignation.
At a March 6 convention, the Republican Party selected Gianforte as their nominee. He faced Democratic musician and former Montana Arts Council member Rob Quist, as well as Libertarian nominee Mark Wicks, in the general election.
Governor of Montana
On January 20, 2016, Gianforte announced his candidacy for the Republican Party’s nomination for Governor of Montana in the 2016 election.
Steve Bullock, the incumbent Democratic governor, defeated Gianforte in the November general election, 50%–46%.
Gianforte contended with Attorney General Tim Fox and state Sen. Al Olszewski for the nomination of the Montana Republican Party for the 2020 Montana gubernatorial election. Gianforte drew parallels between his experience building a large technology company in Bozeman, and Donald Trump’s business background, and shared anecdotes of visits to the White House meant to illustrate their ties.
Gianforte won the Republican nomination. In the November general election, Gianforte defeated incumbent Lieutenant Governor Mike Cooney to become governor-elect.
Greg Gianforte Net Worth
Greg Gianforte net worth is $135 million. He is one of the richest politicians in United States.
Gianforte and his wife founded the Gianforte Family Foundation, which has promoted his creationist beliefs in the public sphere, and has made tens of millions of dollars in charitable contributions.
The foundation describes its primary mission as supporting “the work of faith-based organizations engaged in outreach work, strengthening families, and helping the needy; organizations in Montana that work to improve education, support entrepreneurship, and create jobs; and organizations that enhance the local community of Bozeman, Montana.” Gianforte, his wife, Susan, and his son, Richard, are the foundation’s three trustees. The foundation had assets of $113 million in 2013.
The Gianforte Family Foundation has given nearly $900,000 to the Montana Family Foundation, in some years making up half of that organization’s total revenue. The Montana Family Foundation has promoted conservative and Christian values in the Montana legislature. Asked why he donated to the group, Gianforte said it was because the organization aligns with his views.
While working at Bell Labs in New Jersey in the 1980s, Gianforte met his wife, Susan, who is the first-generation daughter of German immigrants, and was born and raised in Queens, New York City. They married in 1988. Gianforte and his wife have resided in Bozeman, Montana, since moving from New Jersey in 1995. They have four children. Gianforte was raised Presbyterian. He and his wife attend Grace Bible Church, a nondenominational church in Bozeman.
Greg Gianforte Net Worth Summary
|Net Worth||$135 million|
|Full Name||Gregory Richard Gianforte|
|Date of Birth||April 17, 1961|