Introduction:
Mary Bono, known primarily for her career as a Republican congresswoman and her time as interim CEO of USA Gymnastics, is believed to have a net worth of around $6 million. However, there are several interesting aspects of her wealth that are not widely known. This post will explore some of these lesser-known aspects of Mary Bono’s net worth and shed light on the untold story of her secret fortune.
1. Inheritance:
One of the key sources of Mary Bono’s wealth is believed to be an inheritance from her late husband, Sonny Bono. Sonny Bono was a successful recording artist, actor, and politician, and his estate has been estimated to be worth upwards of $20 million. A significant portion of this estate would have passed on to Mary Bono after his death in 1998, providing her with the financial resources to pursue her own political and professional ambitions.
2. Real Estate:
Another significant component of Mary Bono’s net worth is real estate. She has been associated with several properties over the years, including a home in Palm Springs, California, that was previously owned by her late husband. Her real estate holdings are believed to be worth several million dollars, and she continues to be involved in the buying and selling of properties.
3. Board Memberships:
Mary Bono has also served on the board of several corporations over the years, including several that are publicly traded. Her board memberships have provided her with lucrative compensation packages and stock options that have contributed to her net worth. Some of the companies she has served on the board for include Herbalife, Inc., and Faurecia SA.
4. Legal Settlements:
Mary Bono has been involved in several legal disputes over the years, including a high-profile case against MGM Resorts International. In 2017, she settled a lawsuit against the company for an undisclosed sum. While the details of the settlement are not public, it is believed to have added to her overall wealth.
5. Salaries:
Throughout her career as a politician and executive, Mary Bono has earned a significant income from her salaries. As a member of Congress, she would have received an annual salary of around $174,000. As the interim CEO of USA Gymnastics, she was paid a reported $1.4 million for less than one year of work. These salaries, combined with her other sources of income, have contributed to her overall net worth.
6. Investments:
Mary Bono has also made several investments over the years that have contributed to her financial success. She has been involved in venture capital firms and has invested in companies that have gone on to have successful IPOs. While the specifics of her investments are not public, they are believed to have played a significant role in her overall net worth.
7. Speaking Fees:
Mary Bono has also earned income through speaking engagements. As a former member of Congress and an executive with USA Gymnastics, she has been sought after as a speaker on a variety of topics. While the fees for her speaking engagements are not public, they are believed to be a significant source of income for her.
8. Philanthropy:
Finally, Mary Bono has been involved in philanthropic efforts throughout her career. She has been associated with several nonprofits and charitable organizations, and has donated significant sums of money to these groups. While philanthropy does not directly contribute to her net worth, it is an important aspect of her overall legacy.
Conclusion:
Mary Bono’s net worth is believed to be around $6 million, but the sources and details of her wealth are not widely known. Inheritance, real estate holdings, board memberships, legal settlements, salaries, investments, speaking fees, and philanthropy have all contributed to her success. While the specifics of her wealth may be a mystery to the public, her financial success is undoubtedly a reflection of her hard work and dedication throughout her career.
FAQs:
Q. What is Mary Bono’s net worth?
A. Mary Bono’s net worth is believed to be around $6 million.
Q. What was Mary Bono’s husband’s net worth?
A. Sonny Bono’s estate was estimated to be worth upwards of $20 million at the time of his death in 1998.
Q. What companies has Mary Bono served on the board for?
A. Mary Bono has served on the board of several companies, including Herbalife, Inc., and Faurecia SA.
Q. How much was Mary Bono paid as the interim CEO of USA Gymnastics?
A. Mary Bono was paid a reported $1.4 million for less than one year of work as the interim CEO of USA Gymnastics.
Q. Has Mary Bono been involved in philanthropic efforts?
A. Yes, Mary Bono has been involved in several nonprofits and charitable organizations throughout her career.