Gov. Scott's net worth jumps $50M in one year

Times/Herald Tallahassee BureauJune 17, 2014 

TALLAHASSEE -- Gov. Rick Scott's personal wealth rebounded to more than $130 million last year on the strength of his vast investments, and his chief rival, Charlie Crist, is now a millionaire, according to financial documents released Monday.

Scott's net worth rose from $83.8 million in 2012 to $132.7 million last year, an increase of more than a third, according to his financial disclosures.

Crist's financial statement, filed with his candidacy papers, listed a net worth of $1.25 million and $713,000 in income last year, with nearly half of it coming from his employer, the Morgan & Morgan personal injury law firm.

Crist has cited Scott's wealth as proof that the governor is out of touch with Floridians, and he recently said he has lived "paycheck to paycheck my entire life."

Scott, who has refused his salary as governor, released income tax returns for 2010, 2011 and 2012 "in order to provide even more transparency to the public" than the law requires, he said. He challenged Crist, who provided the financial disclosures required under state law, to do the same.

Scott files jointly with his wife, Ann Scott. He did not release his 2013 return because they asked the IRS for a filing extension.

The Scotts reported adjusted gross income of $9.3 million in 2010, $80.3 million in 2011 and $8.7 million in 2012. They paid about $16 million in taxes over the three-year period.

They reported a capital gain of $75.8 million in 2011, but the asset is not disclosed.

That was the year Scott sold Solantic, his network of walk-in urgent care centers, which in 2010 he estimated to be worth $62 million. Scott's campaign said the Solantic sale represented about half of the 2011 income spike.

The Scotts' charitable contributions totaled $693,581 in 2010, $209,871 in 2011 and $99,953 in 2012. They made five-figure donations to Naples Community Church, Oakwood School, the state employees United Way fund and the George W. Bush Foundation.

Scott co-founded the nation's largest hospital chain and received a severance package worth more than $300 million when he left Columbia/HCA in 1997. The firm paid a $1.7 billion fine for health-care fraud. Scott was not personally implicated in wrongdoing.

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