Haley had less than $100,000 in her bank accounts while she was pulling down a salary of $185,000 per year — making it difficult to help her parents, Forbes reported.In 2000, they bought a 5,500-square-foot home near Lexington for $1.15 million — using a $920,000 loan from Bank of America to make the purchase, according to Forbes.
At around the same time, it is believed that Raj Randhawa’s clothing business, Exotica International, went under. Haley increased her net worth by eight-fold since leaving the Trump administration in 2018. She is seen with her parents in Dec. 2022.In 2014, Haley and her husband, college sweetheart Michael Haley, took out a $400,000 loan which they gave to her parents — using the parents’ home and the strip mall as collateral.
In November of that year, Bank of America began foreclosure proceedings, serving court documents to the Haleys, who were junior lenders on their Lexington home, as well as to her parents, according to Forbes.