Basic Information About Paul Manafort
| Category | Business › Lawyers |
|---|---|
| Net worth | $10,000,000 |
| Date of birth | 1949-04-01 (74 years old) |
| Place of birth | New Britain, Connecticut, U.S. |
| Social Media | ↗︎ Wikipedia |
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Paul Manafort: A Political Consultant and Convicted Felon
Paul Manafort is a renowned political consultant, attorney, lobbyist, and convicted felon. Throughout his career, he served as a campaign consultant to several Republican Party presidential candidates, including Gerald Ford, Ronald Reagan, George H. W. Bush, and Donald Trump. However, his accomplishments in the political arena were overshadowed by his involvement in various controversies and criminal activities.
Net Worth Details
What is Paul Manafort’s net worth? With a peak net worth of over $70 million, Manafort was once considered a wealthy individual. However, his criminal activities and legal troubles resulted in significant financial losses. Today, his estimated net worth stands at $10 million.
According to federal prosecutors, Manafort had amassed considerable wealth throughout his career. He owned several properties, including real estate worth a combined $11 million. Additionally, he received $12 million in undisclosed payments from the pro-Russian former President of Ukraine. However, due to his criminal convictions, he forfeited more than $22 million in assets to the federal government.
Arrest and Imprisonment
In October 2017, Paul Manafort turned himself into the FBI after being indicted on charges of money laundering. The charges against him included being an unregistered foreign agent, tax evasion, and lying on federal disclosure forms. These charges carried a potential 20-year prison sentence.
Manafort spent several months in jail from June 2018 to May 202 after being convicted on charges of tax and bank fraud. However, he was granted early release through a pardon from then-President Donald Trump.
Early Life and Education
Paul Manafort was born on April 1, 1949, in New Britain, Connecticut. His father served in the US Army during World War II and later became the mayor of New Britain. As a teenager, Manafort attended St. Thomas Aquinas High School.
He went on to pursue higher education at Georgetown University, where he graduated with a BS in Business Administration in 1971. Continuing his education at Georgetown, Manafort obtained his JD from the university’s law school in 1974.
Career Beginnings and Lobbying
Manafort’s career in politics began in 1977 when he joined the Washington, DC firm Vorys, Sater, Seymour and Pease as a practicing attorney. He ventured into political campaigns in 1978, serving as the southern coordinator for Ronald Reagan’s presidential campaign and the deputy political director of the Republican National Committee.
In 198, Manafort entered the world of lobbying and co-founded the Washington, DC firm Black, Manafort & Stone. Over the years, Manafort and his firm represented a range of international leaders and governments, including dictators from Angola, the Philippines, the Democratic Republic of the Congo, Kenya, Equatorial Guinea, the Dominican Republic, and Nigeria.
Campaign Chairman for Trump
In 2016, Paul Manafort gained attention when he became the campaign chairman for Donald Trump’s presidential campaign. However, his time in this position was marred by controversy and legal troubles.
During his tenure, Manafort engaged in illegal activities by meeting with Russian agents to obtain damaging information on Trump’s opponent, Hillary Clinton. These orchestrated efforts raised concerns about Russia’s interference in the 2016 presidential election.
As a result of his involvement in the Trump campaign and collusion with Russia, Manafort faced numerous criminal investigations and charges related to money laundering and conspiracy against the United States.
Achievements and Awards
While Paul Manafort’s career is overshadowed by controversy and criminal convictions, it is noteworthy to acknowledge his role as a campaign consultant to several Republican presidential candidates. His expertise and strategic contributions aided the campaigns of Gerald Ford, Ronald Reagan, George H. W. Bush, and Donald Trump.
However, it is essential to recognize that his achievements in the field of politics are significantly tarnished by his unethical practices, financial crimes, and involvement in illegal activities.
In conclusion, Paul Manafort’s career as a political consultant and attorney was marked by both success and controversy. Despite his involvement in multiple criminal activities and subsequent convictions, Manafort’s contributions to various political campaigns cannot be ignored. However, his actions have forever tainted his reputation and legacy within the political sphere.
