Susan Rice was born in Washington, D.C., on November 17, 1964. Rice was reared with a deep commitment to social justice and public service by her educator parents. She received her Bachelor of Arts from Stanford University in 1986 and her Master’s and Doctorate in International Relations from Oxford University.
Rice started her work in government service after finishing her education. She has had a number of national security and foreign policy-related roles, such as management consultant for McKinsey & Company and foreign policy advisor to Michael Dukakis’s 1988 presidential campaign.
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How Rich Is Susan Rice?
Ambassador, professor, and public figure Susan Rice of the United States is worth an estimated $40 million, as Celebrity Net Worth estimates. Susan Rice is widely recognized as President Obama’s National Security Advisor. Susan Rice’s wealth ranged from $23.5 million to $43.5 million in 2011, as reported in her financial statement.
The report revealed a total of $8 million invested in commercial banks and roughly $5 million invested in oil and gas enterprises. In 2008, she speculated that her wealth was anywhere between $12 and $30 million.
She was worth between $23.5 and $43.5 million in 2009, as reported by the nonpartisan Center for Responsive Politics in Washington. At the time, she had more wealth than any other member of the executive branch, including Hillary Clinton, who was then serving as secretary of state.
Susan Rice’s $16 Trillion Racism Claim Has Been Widely Criticized
White House Domestic Policy Advisor Susan Rice’s allegation, made during a speech on Wednesday, that racism has had a significant impact on the U.S. economy was widely criticized on social media.
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Speaking on the administration’s dedication to civil rights, Rice attended the convention of Al Sharpton’s National Action Network in New York City. In her address, she boldly asserted that racism is responsible for a $16 trillion deficit in the United States.
“In the last 20 years, the U.S. had a GDP shortfall of $16 trillion due to discrimination against Black Americans. If we closed our racial gaps, we could add another $5 trillion to GDP over just the next five years. And in case you’re wondering, that’s not my math, that’s, according to Citibank. We all benefit when every community has the chance to thrive,” Rice said.
Twitter users criticized this assertion for being an exaggeration of racism’s impact. “Rice bombs. The applause is anemic…..” former U.S. ambassador Richard Grenell tweeted.
“Liberalism has reduced the size of the economy by $100 trillion. And I have as much proof of that as @AmbassadorRice does,” National Review contributor Pradheep Shanker said. David Marcus, who writes a column, asked, “What on earth could this even mean?”
“Just perfect: Speaking to millionaire Al Sharpton’s group, millionaire Susan Rice quotes her friends at Citibank to call the American economy racist,” Daily Caller editor Vince Coglianese tweeted. “Fun fact: In 2008, Michael Froman — then a Citigroup executive — recommended Susan Rice for the job of US Ambassador to the United Nations.” You can check the tweet with reagrd to Susan Rice below.
Just perfect: Speaking to millionaire Al Sharpton’s group, millionaire Susan Rice quotes her friends at Citibank to call the American economy racist. https://t.co/1KwSF6vyGT
— Vince Coglianese (@VinceCoglianese) April 12, 2023
Barrington Martin II, a former candidate for Congress in Georgia, wrote, “This is crazy and I can’t believe she actually said this out loud. It doesn’t make sense mathematically.”
According to the Citibank estimate that Rice cites, $16 trillion might have been contributed to the U.S. economy if four main racial gaps for Blacks were closed 20 years ago. These gaps are in earnings, education, housing, and investment. Over the next five years, a boost of $5 trillion to U.S. GDP is possible if the gaps are bridged today.
Rice also criticized Republican policies on education and critical race theory elsewhere at the conference.
“Let’s join together to build a society where we all count, we all can be secure, living in dignity and with hope. Finally, let’s stand together in defense of facts, truth, and history.”
Rice said, “Today, in states across the nation, we’re seeing bans on innocuous children’s books just because they feature prominently Black or Brown characters. We’re seeing Black history erased from our classrooms and textbooks. And make no mistake: Those who are doing this are trying to tell us that we do not count, that we do not matter, and that perhaps we should not exist. Black history is American history.”
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