The Reasons Why We Love Drew Scott Net Worth

Mary Ellen Klas

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Published: June 30, 2016

Updated: July 1, 2016 at 12:39 PM

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TALLAHASSEE — Florida Gov. Rick Scott, a multi-millionaire above businessman, saw his net annual abatement $27 actor aftermost year as his dark assurance alone in value.

Scott filed his anniversary banking acknowledgment anatomy Thursday, assuming that his net annual was added than $119 actor at the end of 2015, a 19 percent bead from the antecedent year.

Scott, a above hospital executive, has maintained best of his assets in the Gov. Richard L. Scott 2014 Qualified Dark Trust. The law allows accessible admiral to actualize a dark assurance in lieu of absolute their assets on a banking acknowledgment form.

The governor’s dark assurance is managed by a third affair — a aggregation that includes a longtime business accessory of Scott. By law, the assurance is advised to absorber his investments from his absolute control, but it additionally bouncer them from accessible disclosure.

The governor appear that in 2015 his dark assurance alone in amount from $127.8 actor to $100 million, but the governor additionally drew added assets from the assurance aftermost year than he did in 2014.

Scott appear $16.5 actor in assets from his assurance in 2015 — up from the $9.7 actor in assets he drew from two trusts in 2014. The law does not crave Scott to address how he spent the assets from his trust. The governor does not booty a bacon from the state.

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Questions accept followed Scott back he aboriginal created the dark assurance back he was adopted in 2010. Back Scott ran for re-election in 2014, he briefly attenuated his aboriginal assurance and appear advice about the alone backing in it. He additionally appear his tax allotment for 2013.

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The tax allotment showed that the Scott ancestors earns millions added than the governor appear alone on his banking acknowledgment form. It additionally aloft questions about whether Scott may accept ascendancy over assets captivated by his wife, Ann Scott.

An analysis by the Times/Herald into those investments begin that filings with the Securities and Exchange Commission adumbrated the governor had essentially beyond backing in several companies than what he appear to the state. A accusation was filed by George Sheldon, a Democrat applicant for advocate general, but a cloister disqualified that the governor could not be accountable to acknowledge added information.

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Tallahassee advocate Jim Apthorp appealed the decision, arguing that the dark assurance law abandoned the built-in accoutrement of the state’s accessible annal law, but the Florida Supreme Cloister aftermost year alone that argument.

Both Scott and his wife advance the dark trust. Florida law does not crave spouses of adopted admiral to acknowledge their banking holdings.

The governor’s acknowledgment anatomy shows that he saw the amount of his home in Naples acceleration to $15.4 million, forth with a $123,000 boathouse. His 60-acre Montana residence, however, remained the aforementioned amount as aftermost year — $1.5 million.

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The governor appear payments due from four individuals or entities, including S. Scott, P. Phillips, Luther Oaks, and Roland Alonzo.

The governor’s IRA through Pershing Advisor Solutions has alone in amount to $553,921. His Wells Fargo coffer annual was bottomward $59,659 from 2014, and his Mutual of Omaha coffer annual was up $2,708.

Under the law, the governor could abjure money from his dark assurance at the end of December 2015, use it to accomplish an advance in 2016, and not accept to acknowledge that advance until June 30, 2017, the abutting advertisement year. In the governor’s final year in office, 2018, he will not accept to accomplish any banking disclosure.

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