Fox-less Newt remains gainfully employed
March 2nd, 2011
07:14 PM ET
12 years ago

Fox-less Newt remains gainfully employed

Washington (CNN) - Although he won't be appearing as an analyst on Fox News in the near future, former House Speaker Newt Gingrich will have plenty to keep himself occupied even if he decides against seeking the Republican presidential nomination in 2012.

The former Georgia Republican congressman, who now lives in Virginia, holds no fewer than 25 current titles, positions, and occupations, according to a review of public records and filings as well as his various official biographies.

Many of these are advisory positions with non-profit or public interest organizations, but others are likely to comprise a significant portion of the former speaker's annual income.

Gingrich is the chairman and CEO of The Gingrich Group, a communications and consulting firm founded in January 1999, shortly after the speaker left Congress. The firm says on its web site that it specializes in "transformational change." One of the speaker's first clients was Freddie Mac, according to the federal mortgage lender's company listing in the Hoover's business directory.

The Gingrich Group is located in a K Street office building in downtown Washington, DC, that is also home to several other Gingrich-themed ventures. These include Gingrich Holdings, Inc., Gingrich Productions, a production company headed by the former speaker's wife, Callista, Gingrich Communications, a firm headed by his daughter Kathy Gingrich Lubbers, the Center for Health Transformation, a health policy organization founded by the former speaker, and American Solutions for Winning the Future, a 527 political organization which handles some of his political activities. Gingrich's federal political action committee of the same name lists its address in Alexandria, Virginia.

The 527 group had a total income of $14.5 million in 2009, with $1.2 million in expenditures. Gingrich did not draw an income from the group, though he spent roughly 16 hours a week working there, according to IRS tax filings.

Gingrich's income from the other companies is not available, and his personal office declined to comment for this article. As a private citizen, Gingrich is not required to disclose his annual income or income sources. However, he would have to detail his personal finances in mandatory disclosure reports should he become an official candidate for federal office.

One source of income that is likely to be very lucrative stems from his role as a paid public speaker. His official biography says that Gingrich "has become one of the most highly sought-after public speakers, accepting invitations to speak before some of the most prestigious organizations in the world."

Gingrich commands at least $40,000 per speech, according to the Washington Speakers Bureau. The former speaker's exact speaking fees are not known, but as a point of reference, former president Bill Clinton has averaged $178,000 per speech since leaving the White House, according to a CNN analysis.

The former speaker also likely draws royalties from the 23 books he has authored or co-authored, 13 of which were New York Times best-sellers, according to his office.

Gingrich, who holds a Ph.D. in modern European history, is also active with policy think tanks and educational institutions. He is a senior fellow at the American Enterprise Institute, a visiting fellow at the Hoover Institution at Stanford University, and a visiting scholar and professor at the National Defense University.

The former speaker served in Congress from 1979 to 1999 and is now mulling a presidential bid. He heads to his home state of Georgia on Thursday where sources tell CNN he is expected to make a political announcement, but his office said Tuesday that Gingrich will not announce the official formation of a presidential exploratory committee. Fox News Channel said Wednesday it was suspending Gingrich's contract as an on-air analyst pending the former speaker's 2012 plans.

Filed under: 2012 • Newt Gingrich
soundoff (5 Responses)
  1. go home sarah

    He should hang his head in shame. He preaches morality to others while behaving immorally.

    March 2, 2011 07:25 pm at 7:25 pm |
  2. daniel1012

    Newt looks like chucky

    March 2, 2011 07:32 pm at 7:32 pm |
  3. joe smith

    generally speaking, the cream always rises to the top..

    March 2, 2011 07:43 pm at 7:43 pm |
  4. they call me "tater salad"

    All those pretty titles still don't erase the FACT that Newt is still a corrupt, two-faced, hypocritical, opportunistic, Bible-thumping, elitist, snake in the grass, weasel, with infidelity issues!

    March 2, 2011 07:58 pm at 7:58 pm |
  5. jennifer

    Gingrich as president..... the anti-Christ has arrived..

    March 2, 2011 08:43 pm at 8:43 pm |