Posted on 02/24/2024 5:59:01 AM PST by SpeedyInTexas
Gott MIT Uns 😂
“How Ken Paxton, a Rising MAGA Star, Got Rich as a Texas Politician”
“AUSTIN, Texas—Texas Attorney General Ken Paxton went from being a middle-class lawyer to a multimillionaire during his two decades on a public official’s salary, according to thousands of pages of previously unreported documents that shed new light on the personal finances of one of the Republican Party’s most-watched midterm candidates.
Paxton, who entered state government in 2003 with a modest income and few assets, by 2018 told a lender he had amassed a net worth of about $5.5 million, not including millions in assets he and his wife had previously moved into a blind trust.
The following year, Paxton reaped an additional $2.2 million gain—never previously disclosed—from his investment in a local company with a lucrative Texas state contract, according to the documents reviewed by The Wall Street Journal, which include Paxton’s tax returns and bank statements.
Paxton’s accumulation of wealth has become a key campaign issue as he vies to unseat U.S. Sen. John Cornyn in a hotly contested Republican primary set for March 3, 2026. The race is crucial to Republicans’ hopes to hold on to their Senate majority. Paxton is popular with the party’s base, but national GOP strategists fear his nomination could cost them in a general election.
Cornyn has cast suspicion on Paxton’s finances and highlighted the attorney general’s failures to fully disclose them. Paxton has sought to paint Cornyn as a Washington insider. U.S. Rep. Wesley Hunt said Monday he is joining the Republican primary field as well.
Paxton, 62 years old, became a rising star in the MAGA world, winning support for his battles on issues such as abortion, border security and efforts to overturn the 2020 election.
But allegations of corruption and other impropriety have surfaced repeatedly during Paxton’s career. The Republican-majority Texas House voted to impeach him in 2023 over allegations that he abused his office to aid a campaign donor, which he denied. The Texas Senate acquitted and returned him to office after a two-week trial. “
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“The Paxtons now own at least 11 residential properties around the U.S. with an assessed value of $7.5 million.”
Just 11 properties around the US. No corruption there.
At least his wife will take 1/2 of the pot in the divorce.
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