Who is Kelly Loeffler
Net worth: $ 1 Billion (As of April 2026)
- Billionaire Kelly Loeffler seemingly secured her position within the Republican party with her wallet. A megadonor hailing from Georgia who was appointed to replace the late Senator Johnny Isakson, she had been best known throughout the state as the owner of the WNBA team the Atlanta Dream before stumbling into politics.
- She served in the Senate for just one year before losing reelection amidst a major insider trading scandal. Loeffler allegedly used non-public information about the then-emerging COVID-19 pandemic to benefit her own personnel coffers in suspiciously well-timed stock trades.
- Government watchdog group Public Citizen filed a Hatch Act complaint against Kelly Loeffler alleging that she is engaging in unlawful electioneering through her capacity as the current Small Business Administrator. During the 2025 government shutdown, the SBA website posted the following to its website: “Senate Democrats voted to block a clean federal funding bill (H.R. 5371), leading to a government shutdown that is preventing the U.S. Small Business Administration (SBA) from serving America’s 36 million small businesses.”
- In the 2021 Senate race, Loeffler’s predominately Black WNBA team backed her opponent, the Democrat Rev. Raphael Warnock, after she criticized the league’s support for the Black Lives Matter movement. She went on to lose to Warnock.
- Loeffler’s poor relationship with the players on the Dream contributed to her decision to sell the team in 2021. Subsequently, WNBA teams have been skyrocketing in value.
- Loeffler’s husband, Jeffrey Sprecher, is the CEO of the New York Stock Exchange. Much like his wife, he backs mostly Republican causes and candidates, including Trump.
- Even after being sworn in as the SBA administrator, Loeffler has continued to donate to Republican candidates and PACs. Some of these include major Trump Super-PAC MAGA Inc, North Carolina Republican Senate Candidate Michael Whatley, and Montana Republican Senator Steve Daines.
- After losing her Senate bid, Loeffler started a Georgia-based voting rights initiative aimed at registering Republican donors (a move mimicking fellow Georgia politician, Stacey Abrams).
- Fortune reported that Administrator Loeffler owned 36,555 shares in the parent company for Newsmax, the right wing media outlet she regularly appeared on.
How is Kelly Loeffler advancing Trump’s pro-corporate, right-wing agenda?
- Like fellow electoral loser-turned-Trump appointee Linda McMahon, Loeffler received a job in the Trump administration as the Small Business Administrator largely due to her hefty donations to the GOP cause. Much like how she seemed to buy her Senate seat from GA governor Brian Kemp, another beneficiary of her campaign contributions, Loeffler is widely believed to have bought her cabinet position from Donald Trump.
For more information, see the Revolving Door Project’s Oligarchs in Trump World tracker.