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Politics & Government

Florida’s $100 million governor: Rick Scott

Michael C. Bender and Adam C. Smith - Miami Herald

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July 06, 2011 12:54 PM

TALLAHASSEE — Gov. Rick Scott’s net worth dropped by $115 million in 2010, but his income soared nearly 40 percent in the sluggish economy.

The hospital executive-turned-investor earned $11.5 million from investment income, interest and consulting fees, according to a recently filed financial disclosure form.

That’s more than the $8.3 million he reported in 2009 and the $3.7 million he earned in 2008.

And while the value of his $9 million beach-front home in Naples increased slightly, his net worth dropped 53 percent to $103 million in 2010.

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“I spent too much on the darn campaign,” Scott joked Tuesday in Largo.

Scott, 58, reported a net worth of more than $218 million in June 2010, but then spent a record-breaking $62.3 million of his own cash on the gubernatorial race, according to campaign finance reports. (He spent an additional $12.8 million from an account held by his wife, Ann).

Scott opted to fill out the disclosure form instead of releasing his tax return, which would offer a more complete picture of his finances, including tax breaks and charitable donations.

Read the complete story at miamiherald.com

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