Terence Richard McAuliffe is an American politician and former entrepreneur. He served as the 72nd Governor of Virginia from 2014 to 2018. McAuliffe had a prolific fundraising career within the Democratic Party and a personal and political relationship with Bill and Hillary Clinton. He was chair of the Democratic National Committee from 2001 to 2005.
About Terry McAuliffe in brief
Terence Richard McAuliffe is an American politician and former entrepreneur. He served as the 72nd Governor of Virginia from 2014 to 2018. He was previously an unsuccessful candidate for the Democratic nomination in the 2009 gubernatorial election. McAuliffe had a prolific fundraising career within the Democratic Party and a personal and political relationship with Bill and Hillary Clinton. He acknowledged that his success stemmed partly from his business dealings with Bill Clinton, saying, “No question that all of my business contacts through politics benefit Al Gore’s all-related business.’’ He was chair of the Democratic National Committee from 2001 to 2005, was co-chair of President Bill Clinton’s 1996 re-election campaign and 1997 Presidential inauguration, and chair of Hillary Clinton’s 2008 presidential campaign. McAuliffe was born and raised in Syracuse, New York, the son of Mildred Katherine and Jack McAuliffe. His father was a real estate agent and local Democratic politician. He graduated from Bishop Ludden JuniorSenior High School in 1975. In 1979, he earned a bachelor’s degree from The Catholic University of America, where he served as a resident adviser. After graduating, McAuliffe worked for President Jimmy Carter’s reelection campaign, becoming the national finance director at age 22. In January 1988, when McAuliffe was thirty years old, the bank’s board elected McAuliffe as chairman, making him the youngest chairman in the United States Federal Reserve Bank’s charter association. In 2009, McAuliffe joined GreenTech Automotive, a holding company, which purchased Chinese electric car company EU Auto MyCar for USD 20 million in May 2010.
In December 2012, McAuliffe announced his resignation from GreenTech to focus on his run for governor of Virginia. In 2013, he ran unopposed in the Democratic primary. He defeated Republican Ken Cuccinelli and Libertarian Robert Sarvis in the general election, collecting nearly 48% of the vote. McAuliffe assumed office on January 11, 2014, and his term ended on January 13, 2018. In 1999, McAuliffe served as chairman of Millennium Celebration Celebration, a celebration of the Clinton’s presidency. He and his staff raised USD 275,000, then an unprecedented sum, for Clinton’s causes while president. In 2000, McAuliffe chaired a fundraiser with the Clintons to Vice President Al Gore, setting a fundraising record of USD 26.3 million. The deal raised questions about whether the Clintons’ relationship with McAuliffe raised ethical questions about his fundraising. In late 2002, American Heritage Homes was sold to KB Home for USD 74 million. In 1997, McAuliffe invested USD 100,000 as an angel investor in Global Crossing, a Bermuda-registered telecommunications company. He sold the majority of his holding for USD 8. 1 million in 1999, and sold the rest of his stake in the company in 1999. In 2007, he bought a stake in a Chinese car manufacturing company for $1.5 million. He is married to Dorothy McAuliffe, who is also a former New York City mayoral candidate. In 2008, McAuliffe married his longtime friend and campaign manager, Mark O’Mara.
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