Florida Gov. Rick Scott watches personal wealth plummet nearly 19 percent
Florida Gov. Rick Scott (R), who came into office on the strength of the millions he made at a private for-profit health care company, is a little bit poorer today after reporting his net worth took a big hit past year.
According to WFLA, the multi-millionaire now serving his second term as governor of Florida, saw his net worth drop nearly 19 percent last year. Scott is far from a pauper though, with an estimated net worth of about $119.2 million as of the end of 2015.
According to his annual financial disclosure, the governor raked in about $16.6 million last year from his investments, which helped him get by since he does not draw a salary from the state.
In 2010, Scott reported a net worth of almost $219 million.
According to WFLA, Scott’s assets are held in a blind trust so details of the value lost are unclear.
Prior to his resigning as CEO of Columbia/HCA in 1997, the company settled with the federal government and paid $600 million in fines over the company’s business and Medicare billing practices. It was the largest fraud settlement of it kind at the time.
Scott was never personally implicated in the fraudulent practices.