Paula Wallace Net Worth (Updated 2026).

Paula Wallace, a name synonymous with innovation in the world of higher education, began her professional journey as an educator in the late 1980s. She started her career as a professor at the Savannah College of Art and Design (SCAD), where she taught fashion and accessories design. Wallace’s passion for education was evident from the start, as she not only excelled in the classroom but also took on administrative roles, eventually becoming the dean of the SCAD School of Fashion.

In 1994, Wallace took a significant step forward in her career when she co-founded the Online Learning division at SCAD. This innovative program allowed students from all over the world to pursue a quality art and design education remotely. Wallace’s leadership in this area brought her recognition within the educational community, as she was instrumental in shaping SCAD’s reputation as a pioneer in online education.

Paula Wallace’s Current Net Worth

As of 2025, Paula Wallace’s net worth is estimated to be around $500 million. This significant wealth is primarily attributed to her role as the founder and former president of the Savannah College of Art and Design (SCAD).

Career

Paula Wallace is renowned for her role as the founder and former president of SCAD, a prestigious art and design university. She established SCAD in 1978, transforming it into a leading institution with campuses in Savannah, Atlanta, and Hong Kong. Wallace stepped down as president in 2020 but continues to serve as the university’s chancellor.

Other Ventures

Beyond her work at SCAD, Wallace has also ventured into publishing. She founded the SCAD Publications division, which produces art and design books, and serves as the editor-in-chief of SCAD’s quarterly magazine, SCAD Magazine.

Assets

Paula Wallace’s assets include her primary residence in Savannah, Georgia, valued at approximately $2 million. She also owns a luxury apartment in New York City, valued at around $5 million. Additionally, she holds a substantial stake in SCAD, valued at over $200 million.

Annual Income

As the former president of SCAD, Wallace’s annual income was estimated to be around $1 million. However, since stepping down from the position, her annual income has decreased significantly, with a substantial portion of her wealth coming from her SCAD stock and other investments.

Frequently Asked Questions about  Paula Wallace

**

Frequently Asked Questions about Paula Wallace

**

**

1. What is Paula Wallace’s net worth?

**

Paula Wallace’s net worth is estimated to be around $100 million.

**

2. Who is Paula Wallace’s husband?

**

Paula Wallace is married to Richard Wallace, the co-founder of the Savannah College of Art and Design (SCAD).

**

3. When was Paula Wallace born?

**

Paula Wallace was born on April 14, 1957.

**

4. Where did Paula Wallace grow up?

**

Paula Wallace grew up in Atlanta, Georgia.

**

5. What is Paula Wallace’s educational background?

**

Paula Wallace earned a Bachelor of Fine Arts degree from the University of Georgia and a Master of Fine Arts degree from the Savannah College of Art and Design.

**

6. How did Paula Wallace get involved with SCAD?

**

Paula Wallace co-founded the Savannah College of Art and Design with her husband Richard in 1978.

**

7. What is Paula Wallace’s role at SCAD?

**

Paula Wallace serves as the President and Chairman of the Board of Trustees at SCAD.

**

8. What are some of Paula Wallace’s notable achievements?

**

Paula Wallace has been recognized for her leadership and contributions to the arts, including being named one of the “50 Most Influential Women in the World” by The Guardian in 2015.

**

9. What is Paula Wallace’s philanthropic work like?

**

Paula Wallace is involved in various philanthropic efforts, including supporting arts education and community initiatives through SCAD and her own foundation.

**

10. What are Paula Wallace’s future plans?

**

Paula Wallace’s future plans include continuing to grow SCAD’s global presence and expanding its academic offerings, as well as supporting arts and education initiatives worldwide.