Lee Fang: Nikki Haley's Sudden Wealth Rooted In Weapons Industry, Pro-War Advocacy Network
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The incendiary exchange, which instantly became a viral, made-for-television exchange clip shared widely, belied a deeper divide in foreign policy and the curious background of Haley, who went from near negligible wealth – with virtually no assets or investments other than a bank account with less than $15,000 in 2017 and up to $1 million in debt – to a sizable fortune.
Over the last year, Haley and her husband reported a vast investment stock portfolio and $12 million of income.
The former South Carolina governor left the Trump administration in 2018 at a time when her parents were struggling financially and had just faced foreclosure. Those days are over. Haley now resides in a 5,700-square-foot mansion on Kiawah Island now worth close to $5 million. Haley and her husband also
helped sell a strip mall once owned by her parents and worked to clear the family of previous debts.
Along the way, Haley became wealthy in large part from her ties to a network of defense interests and hawkish advocacy organizations tied to U.S. and Israeli intelligence officials.
In one of her first reported private sector jobs after leaving her last government post, Haley joined the board of Boeing, a defense contractor, a position that paid around $300,000 a year in cash and stock. Haley, according to
disclosures, still owns up to $250,000 in Boeing stock.
Haley’s primary income, aside from speaking engagements, is from United Against a Nuclear Iran, an advocacy group shrouded in secrecy.
The group, which has lobbied for military strikes on Iran, is advised by Zohar Palti and Tamir Pardo, two former Israeli intelligence officials, as well as many former U.S. national security officials.
The Department of Justice previously intervened in a lawsuit to prevent the disclosure of United Against a Nuclear Iran's donors, claiming that doing so would "cause harm to national security."
Haley also works as a consultant to Prism Global Management, a New York-based investment fund run by Richard Kang, a position that earned $708,335. While the investment fund has no substantial online presence, Kang is active in the defense world and serves as an advisor to America’s Frontier Fund, a new group backed by former Google chief executive Eric Schmidt and run day-to-day by Gilman Louie, the former head of In-Q-Tel, the CIA’s venture capital arm.
