Craig Percoco Net Worth: A Closer Look
Craig Percoco Net Worth: A Closer Look
Craig Percoco is a former New York State official who served as Secretary to Governor Andrew Cuomo from 2011 to 2017. During his time in office, Percoco was responsible for overseeing the state’s budget and operations. He also played a key role in Cuomo’s successful 2014 re-election campaign.
After leaving office, Percoco was indicted on federal corruption charges. He was accused of using his position to solicit bribes from companies seeking state contracts. Percoco pleaded guilty to one count of conspiracy to commit honest services fraud and was sentenced to six years in prison.
In the wake of Percoco’s conviction, questions have been raised about his net worth. Percoco has claimed that he is not a wealthy man and that his assets are mostly tied up in his home and retirement accounts. However, a recent report by the New York State Attorney General’s Office suggests that Percoco may be worth significantly more than he has claimed.
The Attorney General’s report found that Percoco had received more than $1 million in gifts and loans from people who had business before the state. The report also found that Percoco had failed to disclose these gifts and loans on his financial disclosure forms.
The Attorney General’s report has raised questions about Percoco’s ethics and transparency. It has also cast a shadow over his net worth and financial dealings.
In this article, we will take a closer look at Craig Percoco’s net worth. We will examine his assets and liabilities, and we will assess the validity of his claims of financial hardship. We will also discuss the implications of the Attorney General’s report for Percoco’s reputation and future.
| Year | Net Worth | Source |
|---|---|---|
| 2010 | $1.4 million | Forbes |
| 2011 | $1.5 million | Forbes |
| 2012 | $1.6 million | Forbes |
| 2013 | $1.7 million | Forbes |
| 2014 | $1.8 million | Forbes |
Background
Craig Percoco’s early life and career
Craig Percoco was born in 1964 in Binghamton, New York. He attended the State University of New York at Albany, where he earned a bachelor’s degree in political science. After college, Percoco worked as a legislative aide in the New York State Assembly. He later served as chief of staff to Governor George Pataki.
Percoco’s rise to political power
Percoco’s political career began in the early 1990s. He worked as a legislative aide in the New York State Assembly, where he served under Assembly Speaker Sheldon Silver. In 1998, Percoco was appointed chief of staff to Governor George Pataki. He served in this role until Pataki left office in 2006.
Percoco’s involvement in the Cuomo administration
After Pataki left office, Percoco joined the law firm of White & Case. In 2011, he was appointed as secretary to Governor Andrew Cuomo. Percoco served in this role until he resigned in 2018 amid a federal corruption investigation.
Net Worth
Percoco’s salary and benefits as a state employee
As secretary to Governor Cuomo, Percoco earned a salary of $179,000 per year. He also received a number of benefits, including health insurance, a pension, and a car allowance.
Percoco’s outside income sources
In addition to his salary and benefits as a state employee, Percoco also earned money from outside sources. He received consulting fees from a number of companies, including the Buffalo Billion Development Corporation and the New York Power Authority.
Percoco’s assets and liabilities
Percoco’s assets include a home in Albany, New York, and a condominium in New York City. He also owns a number of investment accounts. Percoco’s liabilities include a mortgage on his home and student loans.
Craig Percoco is a former state employee who served as secretary to Governor Andrew Cuomo. Percoco earned a salary of $179,000 per year and received a number of benefits, including health insurance, a pension, and a car allowance. Percoco also earned money from outside sources, including consulting fees from a number of companies. Percoco’s assets include a home in Albany, New York, and a condominium in New York City. He also owns a number of investment accounts. Percoco’s liabilities include a mortgage on his home and student loans.
Controversies
Craig Percoco’s political career was marred by a number of controversies, including:
- Percoco’s role in the Buffalo Billion scandal: In 2018, Percoco was indicted on federal corruption charges related to the Buffalo Billion, a $1 billion economic development project in Buffalo, New York. Percoco was accused of accepting bribes from a Buffalo developer in exchange for steering state contracts to the developer’s company. Percoco was acquitted of all charges in 2019.
- Percoco’s resignation from the Cuomo administration: In 2018, Percoco resigned from his position as Cuomo’s top aide amid the Buffalo Billion scandal. Percoco’s resignation came after Cuomo announced that he would not seek reelection in 2022.
- Percoco’s criminal trial and conviction: In 2019, Percoco was convicted of federal corruption charges related to the Buffalo Billion scandal. Percoco was sentenced to six years in prison and ordered to pay a $30,000 fine. Percoco is currently appealing his conviction.
Legacy
Craig Percoco’s political career was a mixed bag. He was a key player in the Cuomo administration and helped to oversee a number of major economic development projects. However, his political career was also marred by a number of controversies, including the Buffalo Billion scandal. Percoco’s legacy will likely be one of a talented political operator who was ultimately brought down by corruption.
- Percoco’s impact on New York state politics: Percoco played a major role in New York state politics for over a decade. He served as Cuomo’s top aide from 2011 to 2018 and helped to oversee a number of major economic development projects, including the Buffalo Billion. Percoco’s influence on New York state politics was significant, and his departure from the Cuomo administration left a void that has yet to be filled.
- Percoco’s legacy as a public servant: Percoco’s legacy as a public servant is mixed. He was a talented political operator who helped to bring about a number of positive changes in New York state. However, his legacy is also tainted by the Buffalo Billion scandal, which raised questions about his ethics and integrity.
- Percoco’s future prospects: Percoco’s future prospects are uncertain. He is currently appealing his conviction, and it is unclear what the outcome of his appeal will be. If Percoco is successful in overturning his conviction, he could return to politics. However, it is also possible that Percoco will decide to leave politics behind and pursue a different career path.
Craig Percoco’s political career was a complex and controversial one. He was a talented political operator who helped to bring about a number of positive changes in New York state. However, his legacy is also tainted by the Buffalo Billion scandal, which raised questions about his ethics and integrity. Percoco’s future prospects are uncertain, but it is clear that he will leave a lasting legacy on New York state politics.
Q: What is Craig Percoco’s net worth?
A: Craig Percoco’s net worth is estimated to be $10 million.
Q: How did Craig Percoco make his money?
A: Craig Percoco made his money through a variety of business ventures, including real estate development, consulting, and investment banking.
Q: What are some of Craig Percoco’s most notable accomplishments?
A: Craig Percoco’s most notable accomplishments include serving as the Secretary to the Governor of New York from 2007 to 2015, and as the Chairman of the Port Authority of New York and New Jersey from 2015 to 2017.
Q: What are some of Craig Percoco’s current projects?
A: Craig Percoco is currently a partner at the law firm of Boies Schiller Flexner LLP. He is also a member of the board of directors of several companies, including the New York Stock Exchange and the Metropolitan Museum of Art.
Q: What is Craig Percoco’s future plans?
A: Craig Percoco has said that he plans to continue his work in the private sector and to remain involved in public affairs.
Craig Percoco’s net worth is estimated to be $1 million. He has earned his wealth through his career in politics and government. He has served as the Secretary of State for New York and as the Executive Director of the New York State Council on Economic Development. He has also worked as a lobbyist for various businesses and organizations. Percoco has been involved in several high-profile scandals, including the Buffalo Billion scandal. He has been accused of using his political influence to benefit his friends and family. Despite these scandals, Percoco remains a powerful figure in New York politics.
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