Early Career: Richards received a bachelor's degree from Baylor University and a teaching certificate from the University of Texas. She taught social studies and history at Fulmore Junior High School in Austin before raising her family. She also spent much of her time volunteering for political campaigns and causes, especially those focusing on civil rights and economic justice. Richards entered politics in 1976, winning election as a Travis county commissioner. Six years later in 1982 she was elected state treasurer, the first woman elected to statewide office in Texas in fifty years. She was credited with greatly modernizing the operations of the treasury. Reelected in 1986, she gained national prominence when she delivered the keynote address at the 1988 Democratic National Convention.

Accomplishments: Ann Richards oversaw a revival of the state's economic fortunes. She stressed government efficiency by authorizing comprehensive audits of every state agency. She focused on education as well, introducing site-based management to put more power in the hands of the parents and teachers at the campus level. In the area of law enforcement, Richards increased prison space, cut the release of violent offenders, introduced a substance abuse program in Texas prisons, and opposed the sale of assault weapons and "cop-killer" bullets. Richards was also noted for her unprecedented appointments of women and minorities to important posts. During her administration a state lottery was approved and the North American Free Trade Agreement (NAFTA) was passed.

Great excitement surrounded the plans for the federal government to build a huge particle accelerator in Waxahachie. The super-conducting super-collider was to be used by nuclear physicists to observe atomic structures. However, the program was ended in 1993 when government funding was stopped.

Later years: Richards worked as a consultant and served on several corporate boards. She died on September 13, 2006.

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