Net Worth: $18 Million
- Source of Wealth Businessman, Politician, Radio host
- Nationality United States
The retired businessman and lobbyist from Georgia announced in May of 2011 that he would seek the Republican nomination for the presidential election of 2012. He came to politics late in life, rising to prominence after a public debate in 1994 with President Bill Clinton over the president’s plan to reform health care. At the time, Cain was the chairman on the board of directors of the National Restaurant Association, a lobbying group, and the president and Chief Executive Officer of the Godfather’s Pizza chain.
Cain grew up in Atlanta, Georgia and has a degree in mathematics from Morehouse College (1967) and a graduate degree in computer science from Indiana’s Purdue University (1971). After working as a civilian analyst for the U.S. Navy, Cain worked in the early 1970s for the Coca-Cola Company and then joined Pillsbury in 1977, where he worked his way up to the position of vice president. He had great success running hundreds of Burger King restaurants (at the time a subsidiary of Pillsbury), and Pillsbury made him president of their Godfather’s Pizza chain in 1986.
Cain resigned his post at Godfather’s in 1996 to act as the Association’s full-time president and to work as an economic adviser to the unsuccessful Republican candidates for president and vice president, Bob Dole and Jack Kemp. After leaving the National Restaurant Association in 1999, Herman Cain joined the world of politics as a columnist, author and on-the-air commentator. He ran unsuccessfully for the U.S. Senate in 2004, and in 2008 landed his own radio show out of Atlanta. By 2010 Cain was a popular speaker at political rallies for what was called the “tea party movement,” a group of disaffected conservatives drawn to Cain for his views on taxes (he doesn’t like them), abortions (he doesn’t like them), homosexuals (he doesn’t like them) and President Barack Obama’s policies (he doesn’t like them).