Table of Contents
Senator Rick Scott Net Worth Overview
Rick Scott’s net worth is about $250 million according to online sources.
Rick Scott is the former Governor of Florida. He is also the current Republican senator from Florida. He generates most of his income from stakes in various companies. His stint as a Governor and senator also contributed to his wealth.
Rick Scott Net Worth Estimation from Investment and Assets
Rick Scott’s earning as a junior senator from Florida is $174,000. [1] His other sources of income include stakes in publicly traded companies. [2] The Senate Financial Disclosure Filings shows that he has the following assets [3].
| Real Estate | Asset Value |
| Personal Residence in Naples, Florida | $5,00,000-$25,000,000 |
| Boathouse in Naples, Florida | $250,001-$500,000 |
| Residential property in Washington, DC. | $1,000,001-$5,000,000 |
| Townhouse in Washington, DC | $1,000,001-$5,000,000 |
| Total | $7,250,001-$35,500,000 |
| Scott Investments | Asset Value |
| Bank and Stocks (Checking accounts, Real estate, ETFs. Money market funds, etc.) | $21,417,248-$161,008,500 |
Summary
| Assets | Asset Value |
| Real Estate | $7,250,001-$35,500,000 |
| Bank and Investments | $219,735,059-$764,425,000 |
| IRA | $550,002-$1,100,000 |
| Total | $227,535,062-$801,028,000 |
Based on our calculations from Rick Scott net worth as per the disclosed financial sources for FY 2020 is between $227,535,062 and $801,028,000.
Senator Rick Scott Income
Rick Scott’s income source includes salary as the senator. But the main source of Rick Scott’s net worth is his earnings from his real estate holdings and shares in publicly traded companies.
Income Source 1: Salary as a Senator
Rick Scott earns about $174,000 as a US Senator. He has been serving the post since 2019.
Income Source 2: Investments
Rick Scott earns most of his income from his shares in securities and ownership of publicly traded companies. He also earns income from real estate assets.
The table below summarizes his income from investments that contribute to his net worth.
| Real Estate | Earnings |
| Townhouse in Washington, DC | $15,001-$50,001 |
| Bank and Investments | Earnings |
| Bank and Stocks (Checking accounts, Real estate, ETFs. Money market funds, etc.) | $21,402,247–$160,958,500 |
Summary
| Source | Income |
| US Senate | $174,000 |
| Real Estate | $15,001-$50,000 |
| Bank and Investments | $21,402,247 – $160,958,500 |
| Total | $21,591,248-$161,182,500 |
As per the public disclosure statement, the Rick Scott net worth is increasing by an estimated $21,591,248 to $161,182,500 per year.
Rick Scott’s Bio/Early Life
Rick Scott was born in Bloomington, Illinois in 1952. His parents had divorced when he was an infant. Scott’s mother married again in 1954 and they moved to North Kansas City, Missouri. He has five siblings.
Scott completed High School at North Kansas City High School in 1970. He then enlisted in the US Navy serving as a radarman on the USS Glover.
In 1971, Scott enrolled in the University of Missouri-Kansas City. He completed a BS in Business Administration. He then enrolled in Southern Methodist University and completed a Juris Doctor degree.
Scott got a license to practice law from the Texas Bar in 1978.
In 1972, Scott had married his high school sweetheart Frances Annnette Holland. The couple has two daughters.
Senator and Governor Scott Career
Rick Scott started his career as an attorney after he graduated from law college. He worked for a Texan law firm partner Johnson & Swanson.
Scott put his own money to form Columbia Hospital Corporations. One of the main Scott capital partners included American billionaire Richard Rainwater. By the end of 1989, they owned 4 hospitals with 833 beds. The company owned 90 hospitals by 1993.
Columbia Hospital Corporation merged with Hospital Corporation of America in 1994. This made Scott’s company the largest American for-private health care firm at the time. In 1997, the corporation was worth $20 billion with 350 hospitals in 38 states. [4]
Scott started his political career in 2010. He ran for the Governor’s post and won the election. He again won the re-election in 2014.
In 2018, Scott Ran for the US Senate position from Florida. He won the election defeating Democrat Bill Nelson.
Scott won the chairman position of the National Republican Senatorial Committee in 2021. He won the election unopposed in April 2021.
Rick Scott Accomplishments
Rick Scott has won the Time magazines award of the 25th Most Influential People in June 1996 [5]. He had also won the Second Century Award for Excellence in Health Care given by the Columbia University School of Nursing. [6]
In 1995, Scott had won the Silver award for CEO of the Year given by the Financial World magazine.[7]
Scott was the governor of Florida when Hurricane Irma hit the coast. His aggressive approach to managing the evacuation and coordinating relief programs won a lot of praise.
Rick Scott Controversy
Rick Scott was involved in a criminal investigation when he was CEO of Columbia/HCA in 1997. The company had pleaded guilty and agreed to pay $600 million for the health care fraud. It offered kickback incentives to doctors. Moreover, the company overcharged the government. Scott called the Fifth Amendment multiple times during the investigation. He was forced to resign from the chief executive position.
Scott had also voted against the forming of a commission to investigate the attack on US Capital in January 2021. His decision received a lot of criticism from the media.
Similar Senator Net Worth and Income Articles:
- Mazie Hirono Net Worth and income sources
- Chuck Grassley Net Worth And Income Sources
- Joni Ernst Net Worth And Income Source
- Mike Crapo Net Worth And Income Sources
- Jim Risch Net Worth And Income Sources
Rick Scott Biography
| Legal Name/Birth Name | Richard Lynn Scott |
| Net Worth | $250,000,000 |
| Pseudonyms | N/A |
| Sources of Wealth | US Senator from the State of Florida |
| Date of Birth | 1st December 1952 |
| Place of Birth | Bloomington, Illinois, United States |
| Nationality | American |
| Gender | Male |
| Height | 183 cm (5 ft 10 inch) |
| Weight | 158 lb (72 kg) |
| Religion | Catholic |
| Ethnicity | White |
| Marital Status | Married |
| Partner/Spouse | Anna Scott |
| Children | 2 |
| Names of Children | Alison Scott and Jordan Scott |
Frequently Asked Questions About Rick Scott
Where was Rick Scott born?
Rick Scott was born on 1st December 1952.
How old is Rick Scott of Florida?
Rick Scott turned 69 years in 2021.
Is Rick Scott married?
Rick Scott married Ann Scott in 1982. The couple has four children.
References
[1]. https://www.legistorm.com/member/3346/Sen_Rick_Scott.html – Sen. Rick Scott (R-Florida) financial disclosures data.
[2]. https://www.floridabulldog.org/2021/07/rick-scott-nations-richest-senator-gets-millions-richer/ – An article about Sen. Rick’s income sources.
[3]. https://sec.report/Senate-Stock-Disclosures/Scott/Rick/6b9fb205-454a-470b-b4cb-351f053b75e8 – Financial disclosure data of Sen. Rick Scott (R-Florida).
[4]. https://www.nytimes.com/1997/07/26/business/2-leaders-are-out-at-health-giant-as-inquiry-goes-on.html – A NY Times article in 1997 on Scott’s hospital.
[5]. http://content.time.com/time/covers/0,16641,19960617,00.html – A Time article regarding 25 most influential people that included Rick Scott.
[6]. http://www.columbia.edu/cu/record/archives/vol21/vol21_iss7/record2107.17.html – Rick Scott received an award from a nursing school when he served as the Health Planning Executive in 1995.
[7]. https://archive.org/details/pub_financial-world – Financial World Magazine archive 1902 – 1997.
