Thomas Ravenel Net Worth: From Reality TV to Reality Check
This wealth comes from various sources, including his family’s assets, his time as the State Treasurer of South Carolina, and his appearances on the reality TV shows.
Thomas Ravenel is an American politician and reality television star born on August 11, 1962, in Charleston, South Carolina.
He graduated from The Citadel with a Bachelor of Science in Business Administration in 1985 and later earned a Master of Business Administration from the University of South Carolina in 1991.
Ravenel founded Ravenel Development Corporation, a commercial real estate company, and served as the State Treasurer of South Carolina from January 10, 2007, to July 24, 2007.
He was also a candidate for the U.S. Senate in the 2004 and 2014 elections, finishing third in both races.
Net worth
Ravenel’s net worth is estimated to be around $6 million.
This wealth comes from various sources, including his family’s assets, his time as the State Treasurer of South Carolina, and his appearances on the reality TV show, Southern Charm.
His family has a long history of wealth and influence in South Carolina, with his father, Arthur Ravenel Jr., being a former U.S. Representative and congressman.
Ravenel’s father was a wealthy and influential figure in South Carolina.
His net worth is not explicitly stated, but it is mentioned that the family has significant assets, including a bridge in Charleston worth $600 million, which was named after him.
Additionally, his father was a former U.S. Representative and congressman, which likely contributed to the family’s wealth and influence
Ravenel himself has also earned money from his business ventures, including his commercial real estate company, Ravenel Development Corporation.
Career
Ravenel’s career is marked by various roles and ventures.
He attended The Citadel, earning a Bachelor of Science degree in Business Administration in 1985.
Ravenel then sold real estate for four years before earning a Master of Business Administration from the University of South Carolina in 1991, focusing on Finance and Real Estate.
In 1992, he founded Ravenel Development Corporation, a commercial real estate development company, which he moved to Atlanta in 1993 to focus on retail projects.
Ravenel returned to Charleston in 1995 and continued to develop commercial properties.
His political career includes serving as the State Treasurer of South Carolina from January 10, 2007, to July 24, 2007.
As State Treasurer, Ravenel was chairman of The State Board of Financial Institutions for the State of South Carolina, a member of The Budget and Control Board for the State of South Carolina and a member of The State of South Carolina Retirement System, which manages approximately $30 billion in funds for retired state employees.
He has also been involved in various national and state organizations promoting free enterprise and liberty, such as The Cato Institute.
Ravenel has run for the U.S. Senate twice, in 2004 and 2014, but did not win either election.
Real estate
Ravenel has owned several expensive real estate properties and houses over the years.
In 2020, he paid $1.8 million for a 10,552 square foot historic mansion in Aiken, South Carolina called The Balcony.
The estate sits on 5.85 acres of land, showcasing his significant investment in real estate.
Ravenel previously owned Brookland Plantation, which he listed for sale in 2019 for $3,950,000.
He had originally purchased this property earlier, indicating his long-term involvement in the real estate market.
The Ravenel family seems to have significant assets, including a $600 million bridge in Charleston, South Carolina that was named after Ravenel’s father, Arthur Ravenel Jr., who was a former U.S. Representative.
As the founder of Ravenel Development Corporation, a commercial real estate company he started in 1992, Ravenel has likely accumulated wealth from his real estate ventures over the years.
His real estate investments appear to be a major source of his net worth.
Personal life
Ravenel has not been married but has been involved in relationships that have resulted in children.
He shares two children, a daughter named Kensie and a son named Saint, with Kathryn Dennis, his former co-star on the reality TV show, Southern Charm.
Their tumultuous relationship and co-parenting dynamic have been a significant part of Ravenel’s personal life and public image.
In July 2020, Ravenel welcomed another child, a son named Jonathan Jackson Ravenel, with Heather Mascoe.
This addition to his family further expanded Ravenel’s role as a father and brought attention to his evolving family dynamics.
These relationships and children have added layers of complexity to Ravenel’s public persona, showcasing his personal life alongside his professional endeavors and public appearances.
Controversies
Ravenel has been involved in several controversies throughout his public life, which have significantly impacted his reputation and personal relationships.
His most notable controversy was his drug scandal in 2007.
While serving as South Carolina’s State Treasurer, Ravenel was charged with federal cocaine distribution.
He pleaded guilty to the charges and was sentenced to 10 months in prison. This scandal led to his resignation from office, marking a significant setback in his political career.
Ravenel’s relationship with Kathryn Dennis, a co-star on the reality TV Southern Charm, has been a major source of controversy.
Their significant age gap and the public nature of their fights and reconciliations have garnered significant attention.
The couple’s tumultuous relationship has been a central theme on the show, with both parties frequently airing their grievances and personal struggles.
Ravenel has also faced multiple allegations of sexual assault.
In 2018, he was accused of sexual assault by his former nanny, who claimed that he had assaulted her in 2015.
Ravenel pleaded guilty to third-degree assault and battery in connection with this incident.
Prior to this, he had settled a sexual assault accusation with another woman in 2015, further damaging his reputation.
These controversies have significantly impacted Ravenel’s public image and personal relationships, making it challenging for him to maintain a positive reputation and build trust with those around him.
