Rod Blagojevich Net Worth: Here’s What You Need To Know

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Rod Blagojevich is the former governor of Illinois. He served as governor from 2002 to 2009 and was the first member of his party to be elected Governor of Illinois in over 28 years.

What is Rod Blagojevich Net Worth?

Rod Blagojevich, the former governor of Illinois, has a net worth of $100 thousand.

Blagojevich was born in Chicago, Illinois in December 1956. He earned a bachelor’s degree from Northwestern University in 1979 and a Juris Doctor from Pepperdine University School of Law in 1983.

Blagojevich began his political career as a member of the Illinois House of Representatives, serving from 1993 to 2002. He was elected governor of Illinois in 2002 and served until 2009, when he was impeached and removed from office.

In 2010, Blagojevich was convicted on federal corruption charges and sentenced to 14 years in prison. He is currently incarcerated at the Federal Correctional Institution Englewood in Littleton, Colorado.

Former Illinois Gov. Rod Blagojevich holds a news conference outside a federal courthouse in Chicago on Monday, Aug. 2, 2021. Blagojevich sued his home state Monday for booting him from the governor’s seat after his 2008 arrest for corruption and stripping him of his right to run for elective office in Illinois. Before filing the lawsuit, an unapologetic Blagojevich addressed reporters outside the same federal courthouse in Chicago where he was convicted, declaring: “I’m back.” He said he hasn’t decided, however, if he will seek to run for anything if he succeeds in eliminating the legal hurdles to doing so. (Terrence Antonio James/Chicago Tribune via AP)

How Did Rod Blagojevich Get His Money?

Since his arrest in 2008, former Illinois governor Rod Blagojevich has been embroiled in a series of financial and legal troubles. As a result, his once sizable net worth has dwindled significantly.

So How Did Blagojevich Get His Money In The First Place?

Much of it came from his years as a successful lawyer and lobbyist. He also made some wise investments, including in real estate.

However, a large portion of his wealth was accumulated through less-than-savory means. For instance, he is accused of shaking down businesses for campaign contributions and funneling state contracts to friends and allies.

It’s unclear exactly how much money Blagojevich has left at this point. However, it is safe to say that his days of financial prosperity are long behind him.

Rod Blagojevich’s Political Career

Rod Blagojevich was first elected to the Illinois House of Representatives in 1992. He served in the House for eight years, rising to become Assistant Majority Leader. In 2000, he was elected to the United States House of Representatives, representing Illinois’s 5th congressional district. He served in Congress for two terms, before being elected Governor of Illinois in 2002.

Governor Blagojevich was impeached by the Illinois General Assembly in 2009 and subsequently removed from office by the Illinois Senate in 2010. He was then convicted on federal corruption charges and sentenced to 14 years in prison. He is currently serving his sentence at a federal prison in Colorado.

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Rod Blagojevich’s Legal Issues

Rod Blagojevich, the former Illinois governor who was impeached and removed from office in 2009, has had a number of legal issues since leaving office. In 2012, he was convicted on 17 counts of corruption, including attempting to sell Barack Obama’s vacated U.S. Senate seat. He was sentenced to 14 years in prison, but his sentence was later reduced to 12 years.

Blagojevich has been behind bars since March 15, 2012, but he is currently scheduled for release in February 2024. He has reportedly been working as a janitor at the prison where he is being held.

In addition to his criminal conviction, Blagojevich also faces a number of civil lawsuits. One suit, filed by the Illinois Attorney General, alleges that he misused state resources for political gain. Another suit, filed by the U.S. Securities and Exchange Commission, accuses him of insider trading.

Blagojevich has denied all of the charges against him and has vowed to fight them in court. However, his legal troubles have taken a toll on his finances; according to public records, he owes more than $2 million in legal fees.

Conclusion

Rod Blagojevich is an American former politician and convicted felon who has a net worth of $100 thousand. After serving as the 40th Governor of Illinois, he was impeached in 2009 on charges of corruption and was subsequently removed from office. In 2010, he was convicted on 17 counts of federal wire fraud, mail fraud, and making false statements to the FBI and was sentenced to 14 years in prison. He is currently incarcerated at the Federal Correctional Institution in Colorado.

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