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Thomas Ravenel Net Worth

What Is Thomas Ravenel’s Net Worth In 2024?

Thomas Ravenel is a politician and reality TV personality with a $6 million fortune. Former South Carolina state treasurer Thomas Ravenel was a cast member of Bravo’s “Southern Charm” reality series from 2014 to 2018.

Thomas started the commercial real estate firm Ravenel Development Corporation before entering the election. He entered the Republican primary in 2004 and placed third in the race for the U.S. Senate. After losing his first contest, he ran and won for State Treasurer in 2006, but scandal dogged his political career. Ravenel was indicted in June 2007 on federal accusations of distributing cocaine, and in March 2008, he received a 10-month sentence in federal prison. In honour of his late father, the late Arthur Ravenel, Jr., a former congressman from South Carolina, a bridge in Charleston bears his name. Thomas starred in 67 episodes of “Southern Charm,” where it was alleged that he was paid $25,000 per episode.

Early Life Of Thomas Ravenel

In Charleston, South Carolina, on August 11, 1962, Thomas Jonathan Jackson Ravenel was born. He is the son of Arthur Ravenel Jr. and Louise Ravenel, who died in 2023. After her son William was born with Down syndrome in 1959, Louise became a champion for the rights of disadvantaged people, in addition to having five elder siblings. He graduated with a Bachelor of Science in Business Administration from The Citadel in 1985. He obtained an M.B.A. with a real estate and finance concentration from the University of South Carolina 1991.

Career Of Thomas Ravenel

In 1992, Thomas established Ravenel Development Corporation. According to the company’s website, Thomas “has completed 65 successful retail projects in ten states.” Following Fritz Hollings’ retirement in 2004, he entered and placed third in the Republican primary for the U.S. Senate. Later on, he supported Jim DeMint, who ultimately won. The Federal Election Commission fined Ravenel over $19,000 for failing to file necessary election forms on time.

Life Of Thomas Ravenel

He defeated Democratic candidate and nine-term Treasurer Grady Patterson in the 2006 race for South Carolina treasurer. When Thomas re-ran for the U.S. Senate in 2014, he received less than 4% of the vote and finished third.

Drug Charges Of Thomas Ravenel

US Attorney Reginald Lloyd indicted Ravenel in June 2007 on federal accusations of distributing cocaine, claiming that Thomas had purchased less than 500 grams of cocaine in Charleston in 2005 through a middleman. After Governor Mark Sanford learned of the charges, Ravenel’s position as state treasurer was suspended, and Thomas sought treatment at a rehab centre. In June 2007, Ravenel resigned from his post as Treasurer and his volunteer role as the state chairman of South Carolina for Rudolph Giuliani’s presidential campaign. Following his discharge from an Arizona recovery centre.

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Personal Life Of Thomas Ravenel

From 1995 to 1998, Thomas was wed to Mary Ryan Ravenel. He has one child with his former girlfriend Heather Mascoe and two with his ex-girlfriend and “Southern Charm” co-star Kathryn Calhoun Dennis. Dennis and Kathryn’s children were given sole custody in May 2023 as a result of Kathryn’s “drug use, negligent parenting, and a series of reckless actions that placed her minor children in danger.”

After meeting Ravenel on Tinder in late 2015, real estate agent Ashley Perkins accused Ravenel of sexually abusing her mother, Debbie Holloway Perkins, in April 2018. Although Ravenel consented to a $200,000 settlement with Perkins (which included a non-disclosure agreement), Thomas’s lawyer refuted the accusations. Ravenel was also accused of sexual battery by Dawn Ledwell, a former babysitter for Thomas’ children, in May 2018. Ledwell claimed that at the beginning of 2015, Ravenel had physically abused her, saying, “I walked upstairs to fetch my jacket, which had my car’s key in the pocket.

He closed the door behind me after escorting me into the main bedroom. When I turned around, he was without underwear, and his pants were down. He was obstructing the entrance. I felt terrified, ashamed, and horrified.” In 2018, Ashley Perkins stated that although Ledwell had been in touch with her before calling the police, she later started to question Dawn’s claims because they didn’t line up with what Ledwell had disclosed to her in private. Ledwell revised her initial complaint in February 2019, removing any references to sexual contact.

Real Estate Of Thomas Ravenel

Aiken, South Carolina’s 10,552 square foot historic estate was purchased by Ravenel in 2020 for $1.8 million. The estate, called The Balcony, is on 5.85 acres and has a 1,134-square-foot guesthouse and stables. Thomas stated to the “Aiken Standard,” “I want to do a lot of different things to it, and I have an interior designer involved. My construction manager selected a general contractor from Aiken. We’re excited to turn the house into a stunning display space. The previous owners kept it in excellent condition, but I want to add my personal touch, which will take some time. I most likely won’t move in for a minimum of 120 days.”

Ravenel listed his Edisto Island, South Carolina, residence at Brookland Plantation for $3.95 million in June 2019. The 60-acre estate has a polo field, horse stable, and two-bedroom apartment in addition to the 4,284 square foot, four-bedroom, and 4.5 bathtub mansion. In March 2021, the house sold for $3.4 million.

Conclusion

In conclusion, Thomas Ravenel’s net worth is more than just a number; it’s a testament to a dynamic journey filled with accomplishments, challenges, and strategic choices. Understanding the intricate details of his financial story unveils the layers that have contributed to his current standing.

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