Texas Gov. Perry became a millionaire while serving in office
Since his first race for office more than a quarter-century ago, Gov. Rick Perry has emphasized his roots as a rural farmer.
Yet Perry's bank account no longer reflects those humble beginnings as his bottom line has soared in recent years, records show, thanks largely to a handful of real estate deals that critics allege were achieved through the presidential candidates' political connections.
In just about every campaign Perry has run since 1989, allegations of his using his position for financial gain have come up. It's an issue that Perry long ago accepted would linger as long as he remains in the public eye.
"I've been in politics long enough to know that this is just a part of doing business," Perry told the Star-Telegram in 1998. "I know full well, as my wife knows, that our private lives, particularly on the financial side, becomes fair game."
While much of the scrutiny has focused on land deals Perry made while a statewide official, "real estate investor" doesn't properly capture all of his recent financial activity, just as "farmer" is too simple a description of Perry's earlier years.
Perry's financial records were obtained via online databases from the Houston Chronicle and Texas Tribune and through the Texas Ethics Commission.
When he became the state representative from Haskell in 1985, the married father of two was far from living high on the hog. The earliest federal tax return Perry has released dates to 1987, when the couple reported total income of $45,224.
Perry drew a $7,200 annual salary from his public job. In Austin, he roomed with two other lawmakers to save money. Anita Perry worked as a nurse and took in less than $8,000 a year between 1987 and 1990.
Like many other Texas farmers, Perry benefited from federal agriculture subsidies. Between 1987 and 1998, he received over $80,000 from such programs. Along with their own farm, Perry and his father, Ray Perry, also worked several hundred leased acres. Even then, Perry was moving beyond his agrarian upbringing. With his father or on his own, Perry had financial stakes in gas wells as well as real estate. Through his wife, the couple had a small investment in a local bakery. During that period, Perry also worked as a pilot.
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Perry's financial records were obtained via online databases from the Houston Chronicle and Texas Tribune and through the Texas Ethics Commission. When he became the state representative from Haskell in 1985, the married father of two was far from
Perry's financial records were obtained via online databases from the Houston Chronicle and Texas Tribune and through the Texas Ethics Commission. When he became the state representative from Haskell in 1985, the married father of two was far from
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