DeSantis Net Worth Drops in Third Year as Governor

In his third year as the state’s top executive, Gov. Ron DeSantis’ net worth decreased by slightly more than 8.5%.

DeSantis claimed a net worth of $318,987 as of December 31 and stated that his only source of income was the $134,181 he received as governor. DeSantis submitted the financial disclosure last week to the state Division of Elections as part of his reelection campaign paperwork.

DeSantis disclosed a net worth of $348,832 as of December 31, 2020, in the previous year. From $291,449 at the end of 2019, that amount increased.

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State candidates and elected officials must submit annual disclosure reports, which generally include financial information from the previous year’s end.

Estimated net worths, assets worth more than $1,000, liabilities worth more than $1,000, and income information must all be disclosed on the forms.

DeSantis listed the following assets as of the end of 2021: $48,226 in the Florida Retirement System; $89,066 in a thrift savings plan, a form of retirement savings and investment plan; and $202,980 in USAA checking and savings accounts.

The USAA total was reduced by $32,020 from the prior year, and the thrift plan decreased by $16,689. The Florida Retirement System account increased by $17,923 from the preceding year.

DeSantis also kept up his student loan repayment throughout 2021, bringing the sum from $22,225 at the end of 2020 to $21,285 as of December 31.

DeSantis Net Worth Drops in Third Year as Governor

According to St. Johns County property records, DeSantis, who resided in the governor’s mansion and did not disclose any real estate assets, sold his Ponte Vedra Beach house in March 2019 for $460,000.

DeSantis’ declared net worth for 2017 was $310,971 when he ran for governor. The following year, it decreased to $283,605.

Charlie Crist, a congressman from St. Petersburg and a Democrat running for governor, disclosed a net worth of $1.96 million as of December 31.

Crist’s net worth was estimated to be $1.25 million when he previously ran for a statewide position in 2014.

In a disclosure report submitted on Monday, Crist listed a 2005 25-foot Trophy Fisherman Center Console boat valued at $45,000 and investments totaling just over $2 million.

Crist reported receiving $174,000 in congressional pay, $57,493 from the Florida Division of Retirement, and little more than $50,000 in investment income.

In 2021, his only debt was $35,000 for a St. Petersburg rental property.

As of early Tuesday afternoon, Agriculture Commissioner Nikki Fried, vying with Crist for the Democratic nominee for governor, had not submitted a new disclosure report.

Republican candidates for attorney general and state chief financial officer Jimmy Patronis and Ashley Moody were yet to file their reports on the Division of Elections website.

In a disclosure statement, Senate President Wilton Simpson, a Trilby Republican running for agricultural commissioner, stated that as of December 31, his net worth was $22.5 million, down about 28.6% from the previous year.

Since taking office as Senate president in 2020, Simpson’s net worth has decreased by more than 32%.

In the most recent report, Simpson identified properties, including the $10.9 million-worth Simpson Farms in Trilby. Additionally, he listed a $592,179 value for third ownership in the limited liability firm Belly Wadding. The owner of IHOP restaurants in Florida, NOSNAWS Corp., is mentioned as Belly Wadding’s primary revenue source.

By the end of 2021, Simpson’s money market accounts and other intangible assets were slightly under $6.3 million, down from $6.9 million in 2020.

Simpson disclosed receiving $1.65 million from Simpson Farms, $1.25 million from the environmental safety organization SES Hold Co., and $22,058 from Belly Wadding in addition to $39,021 in state income.

Simpson’s house is worth $602,073, whereas the appraised value of a Plaza Tower condo in Tallahassee is $270,870.

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