During her time as the U.S. ambassador to the United Nations, Nikki Haley's family faced financial difficulties, with her parents owing over $1 million and at risk of losing their home. Haley, a devoted daughter, had previously loaned them hundreds of thousands of dollars, and after quitting the Trump administration, she went on to make millions.
hen 2024 presidential candidate Nikki Haley last served in office as the U.S. ambassador to the United Nations, her family’s finances were a mess. Her parents owed over $1 million and were in danger of losing their Lexington, South Carolina home. A devoted daughter, Haley had loaned them hundreds of thousands of dollars in the past with her husband.
She wrote two books after leaving the Trump administration. A 2019 memoir sold more than 100,000 copies. A 2022 title provided more than $350,000 in advance payments. Haley also offered consulting services, generating more than $700,000 in fees. Then there were corporate boards. She became a director of Boeing in 2019, then stepped down the next year, collecting over $300,000 in cash and stock.
By then, her father and mother, who claimed to be retired, had taken out a second mortgage against the strip mall, allowing them to increase their debt load to as much as $1.1 million against the property. The next year, the website for Exotica International appears to have gone offline, according to archived versions of the site. Haley’s father sold off a handful of small residences that he had collected over the years, generating at least $600,000.
Michael incorporated a company named Ikor Systems LLC on May 18. Two months later, Nikki’s parents sold the strip mall to Ikor Systems for $5 “and love and affection,” according to the deed. In taking ownership of the building, however, Ikor also assumed the Randhawas’ $1.1 million of remaining debt against the property — some owed to Wells Fargo and some owed to the Haleys. In July 2017, Ikor Systems took out a new $1.
In January 2018, Ikor Systems sold the strip mall to a developer for $1.3 million. That same month, Nikki Haley personally signed documents releasing the mortgage against the strip mall. She still held the junior mortgage against her parents’ house until June, when she canceled that one, too. Property records suggest that she did not get the money she had loaned her parents — Haley checked a box on the document saying that the mortgage was simply “released” rather than “paid in full.
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