Newt Gingrich, the Fall of a Speaker, and the Rise of a New Republican Party. WebNet Worth Net Worth 2020 $9 Million Salary 2020 Not known Newt Gingrich Net Worth Detail According to financial disclosure forms released in July 2011, Gingrich and his wife [260][261] Jackie later said in 1984 that the divorce was a "complete surprise" to her. Newt amassed his fortune while serving as the 58th Speaker of the United States House of Representatives from 1995 to 1999 and as a consultant and creator of several big enterprises. He was re-elected three times from this district against nominal Democratic opposition. A July 2010 poll conducted by Public Policy Polling indicated that Gingrich was the leading GOP contender for the Republican nomination with 23% of likely Republican voters saying they would vote for him. [209], After a disappointing second place showing in the Delaware primary on April 24, and with a campaign debt in excess of $4 million,[210] Gingrich suspended his campaign and endorsed front-runner Mitt Romney on May 2, 2012,[211] on whose behalf he subsequently campaigned (i.e. [273] She did not, however, want to have the public life of a politician's wife. [230][231] He called for the arrest of poll workers in Pennsylvania following the election.[232][233][234]. [40] Gingrich supported a proposal to ban loans from the International Monetary Fund to Communist countries and he endorsed a bill to make Martin Luther King Jr. Day a new federal holiday. [100], During the crisis, Gingrich's public image suffered from the perception that the Republicans' hardline budget stance was owed partly to an alleged snub of Gingrich by Clinton during a flight on Air Force One to and from Yitzhak Rabin's funeral in Israel. [244] Although he previously opposed gay marriage, in December 2012, Gingrich suggested that Republicans should reconsider their opposition to it. [15][16][17] He is of English, German, Scottish and Scots-Irish descent. He lost to 20-year incumbent Democrat Jack Flynt by 2,770 votes. [80], In 1996, after constructing two welfare reform bills that Clinton vetoed,[81] Gingrich and his supporters pushed for passage of the Personal Responsibility and Work Opportunity Act, which was intended to reconstruct the welfare system. Newt Gingrich has been in US politics for a long time and is considered a political consultant to this day. [189] Some commentators noted Gingrich's resilience throughout his career, in particular with regards to his presidential campaign. [11] Despite a late victory in the South Carolina primary, Gingrich was ultimately unable to win enough primaries to sustain a viable candidacy, he withdrew from the race in May 2012 and endorsed eventual nominee Mitt Romney. Some Republicans felt that the compromise reached with Clinton on the budget and tax act was inadequate,[93] however Gingrich has stated that the tax cuts were a significant accomplishment for the Republican Congress in the face of opposition from the Clinton administration.