Update, Feb. 1, 2016: After a poor showing in the Iowa caucus, Mike Huckabee decided to suspend his presidential campaign.

Mike Huckabee is expected to throw his hat into the ring for the White House today, the second time the Republican from Arkansas has sought the presidency.

The former governor of Arkansas ran in 2008, winning the Iowa Republican caucuses and primaries in seven other states, but he decided not to enter the 2012 race.

This time, he’s been paving the way for months. He launched a nonprofit advocacy group this fall, wrapped up his Fox News show in January and announced plans in April to stop his radio broadcast.

Here’s more about the financial background of the man who could be the nation’s second president from Hope, Arkansas: