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Tom Rice Net Worth 2024

Tom Rice net worth
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What is Tom Rice net worth?

Tom Rice net worth 2024: Hugh Thompson Rice Jr. is an attorney and and politician who has a net worth of $14.6 million. He is the current the U.S. Representative for South Carolina’s 7th congressional district.

Early life, education, and pre-congressional career

Rice was born in Charleston on August 4, 1957. He was four years old when his parents divorced, and his mother, a teacher, took him and his brother Clay to Myrtle Beach.

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Rice’s first job was a busboy when he was 12, and he was variously a night shift fry cook, a grocery store bag boy and miniature golf course manager while still in high school. Rice was 16 when his father died.

Rice was offered a scholarship to Duke University but enrolled at the University of South Carolina, where he earned a master’s degree in accounting in 1979. In 1982, he earned a J.D. degree from the University of South Carolina School of Law.

After college, Rice worked at the accounting/consulting firm of Deloitte & Touche in Charlotte, where he earned his CPA certificate. 

In 1985 he returned to Myrtle Beach to practice tax law with the law firm Van Osdell, then established his own practice, Rice & MacDonald, in 1997. He was elected chair of Horry County Council in 2010.

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U.S. House of Representatives

Rice was elected to the U.S. House in 2012 as the first representative for the newly created 7th district. He defeated Jay Jordan, Randal Wallace, Dick Withington, James Mader, Chad Prosser, Katherine Jenerette, and Renee Culler in the June 12 Republican primary to advance to a runoff. In the June 26 runoff he defeated Andre Bauer. Rice defeated Gloria Bromell Tinubu in the November 6 general election.

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Tom Rice Net Worth

Tom Rice net worth 2024: Hugh Thompson Rice Jr. is an attorney and and politician who has a net worth of $14.6 million. He is the current the U.S. Representative for South Carolina’s 7th congressional district.

He was chair of the Horry County Council until he resigned from the position on December 31, 2012.

He was re-elected in 2014. Some committees he has served in includes;

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Committee on Ways and Means

  • Subcommittee on Trade
  • Subcommittee on Select Revenue Measures

Caucus memberships

  • Republican Study Committee
  • United States Congressional International Conservation Caucus
  • Republican Governance Group
  • Problem Solvers Caucus

Personal life

Rice and his family live in Myrtle Beach. He married his wife Wrenzie in 1982 and they have three sons.

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