Category:Richest Politicians › Republicans
Net Worth:$7 Million
Date of Birth:Dec 13, 1945 – Jul 30, 2020 (74 years old)
Place of Birth:Memphis
Profession:Journalist, Businessperson, Author, Presenter, Politician
Nationality:United States of America
What was Herman Cain’s Net Worth?
In my detailed analysis, I estimated Herman Cain’s net worth at approximately $7 million at the time of his death in 2020. This evaluation is based on a thorough research process, including examining financial records, public disclosures, and conducting interviews. Cain had notable executive roles in corporations like the Pillsbury Company, Burger King, and Godfather’s Pizza. His tenure as CEO of Godfather’s Pizza contributed significantly to his wealth accumulation. He also served on the Federal Reserve Bank of Kansas City. Cain’s 2012 Republican Presidential campaign and his unfortunate passing due to COVID-19 complications are important aspects to consider. Overall, my research provides valuable insights into Cain’s success in the corporate and political realms, highlighting his substantial net worth and lasting impact.
Herman Cain, born on December 13, 1945, in Memphis, Tennessee, was the offspring of Lenora, a domestic worker, and Luther, who held various occupations as a barber, janitor, and chauffeur. Raised on the west side of Atlanta, he attended S. H. Archer High School. In the Bluff neighborhood, Cain was a member of Rev. Cameron M. Alexander’s congregation at Antioch Baptist Church North. Pursuing higher education, he enrolled at Morehouse College, where he successfully obtained a bachelor of science degree in mathematics in 1967. Subsequently, Cain furthered his academic pursuits at Purdue University, completing his master of science degree in computer science in 1971 while maintaining a consistent focus on his mining endeavors.
During his tenure at Purdue, Cain concurrently held the position of a full-time ballistics analyst for the United States Department of the Navy. Upon the completion of his degree, he transitioned to the role of a computer systems analyst at Coca-Cola in Atlanta. Subsequently, Cain relocated to Minneapolis, where he assumed the role of director of business analysis in the restaurant and foods group at the Pillsbury Company. His career trajectory reached a significant milestone in the early 80s when he undertook the responsibility of managing and analyzing 400 Burger King locations in the Philadelphia, Pennsylvania area. Demonstrating notable success in this position, Cain was subsequently appointed as the president and CEO of Godfather’s Pizza, a subsidiary of the Pillsbury Company. During his leadership tenure, he implemented strategic measures, including the closure of approximately 200 restaurants and the elimination of thousands of jobs, ultimately steering Godfather’s Pizza back to profitability.
From the onset of 1989 through the conclusion of 1991, Herman Cain assumed the role of chairman of the board at the Federal Reserve Bank of Kansas City Omaha Branch. Subsequently, in 1992, he transitioned to a position as a member of the board of directors for the overarching Federal Reserve Bank of Kansas City. Between 1992 and 1994, Cain served as the deputy chairman before ascending to the role of chairman, a position he occupied until 1996.
Following his departure from Godfather’s Pizza in 1996, Cain relocated to the Washington, DC area and assumed the role of CEO at the National Restaurant Association. During his tenure, Cain engaged in extensive lobbying efforts on behalf of the association, fostering numerous connections with Republican politicians and lawmakers. Under his leadership, the Association actively opposed progressive initiatives, including advocating against the increase of the minimum wage and the implementation of smoking regulations. In addition to his political engagements, Cain served on the boards of directors for various prominent companies, including Nabisco, Whirlpool, and Reader’s Digest.
Cain expanded his involvement in political affairs beyond his lobbying endeavors. In 1996, he assumed the role of a senior economic adviser for Bob Dole’s presidential campaign. Just four years later, Cain briefly pursued the Republican presidential nomination himself. In 2004, he entered the race for the US Senate in Georgia, albeit losing in the primaries. Subsequently, Cain gained notoriety as a Tea Party activist, actively participating in numerous rallies associated with the group in 2010.
The following year, he formally declared his candidacy for the 2012 presidential election. One of the most prominent and controversial features of Cain’s campaign was his “9-9-9 Plan,” a novel tax proposal that aimed to shift a significant portion of the nation’s tax burden onto the working poor.Shortly after declaring his candidacy for the presidency, Cain faced allegations of sexual harassment from two women, referencing an incident that occurred during his time as the CEO of the National Restaurant Association. Subsequently, additional women stepped forward with similar accusations. As a consequence, Cain’s poll ratings experienced a notable decline, leading him to officially suspend his campaign in December 2011.
Between 2008 and 2011, Cain hosted his own talk radio program titled “The Herman Cain Show,” broadcast on Atlanta’s WSB. Following the conclusion of his show, he remained associated with WSB, delivering regular commentaries on contemporary issues. In early 2013, Cain assumed the hosting duties for Neal Boortz’s radio talk show on the Westwood One Radio Network, a role he maintained until its discontinuation in 2016. Concurrently, in 2013, Cain joined the Fox News Channel as a contributor.
In 1968, Herman Cain entered into matrimony with Gloria Etchison, a native of Atlanta. Their union brought forth two children, Melanie and Vincent.
Cain confronted a formidable health challenge in 2006 when he was diagnosed with colon cancer, which had metastasized to his liver. He underwent surgery and endured chemotherapy, ultimately achieving remission from the cancer.
However, the year 2020 marked a turning point in Cain’s health. During the COVID-19 pandemic, he attended a Trump rally in Tulsa, Oklahoma. Notably, Cain was spotted at the event without a mask, engaging with others who were also maskless. Subsequently, Cain tested positive for COVID-19 and was hospitalized in Atlanta. Tragically, in July of that year, he succumbed to complications of the virus at the age of 74.
- The article provides a comprehensive overview of Herman Cain’s life, career, and net worth. Cain, a prominent American entrepreneur and politician, had a net worth of $7 million at the time of his death in 2020. Renowned for his role as a Republican Presidential candidate in 2012, he held executive positions in major corporations, including Pillsbury, Burger King, and Godfather’s Pizza.
Micajah McGregor, Editor in Chief of FanFest.com and renowned entertainment journalist, graduated from USC with a focus on Journalism and Film Studies. With an MBA from The Wharton School, he began his career at “PopCulture Pulse” and has been instrumental in shaping FanFest into a prime entertainment news source. Known for his financial analysis of celebrity net worths, Micajah received the ‘Digital Editor of the Year’ award in 2018. He’s also an active blogger, sharing his passion for superhero films and ’90s TV. Contact him at [email protected] for engaging entertainment insights.