Net worth

DeSantis net worth plummets in third year as governor

Governor Ron DeSantis’ net worth fell just over 8.5% in his third year as state chief executive.

Listing the $134,181 he earned as governor as his only income, DeSantis declared a net worth of $318,987 as of December 31. DeSantis filed the financial disclosure last week with the state Division of Elections as part of the re-election campaign materials.

Last year, DeSantis reported a net worth of $348,832 as of December 31, 2020. That was up from $291,449 at the end of 2019.

State candidates and elected officials are required to file annual disclosure reports that typically detail their finances as of the end of the previous year.

The forms require disclosure of estimated net worth, assets valued over $1,000, liabilities over $1,000, and income information.

DeSantis listed assets at the end of 2021 of $202,980 in USAA checking and savings accounts; $89,066 in a savings plan, a type of retirement savings and investment plan; and $48,226 in Florida’s retirement system.

The Florida Retirement System account increased by $17,923 from the previous year, while the USAA total fell by $32,020 and the savings plan decreased by $16,689.

DeSantis also continued to repay a Sallie Mae student loan in 2021, with the balance dropping from $22,225 at the end of 2020 to $21,285 as of December 31.

DeSantis, who lives in the governor’s mansion and hasn’t listed any real estate, sold his Ponte Vedra Beach home in March 2019 for $460,000, according to St. Johns County property records.

When DeSantis ran for governor, his reported net worth for 2017 was $310,971. It fell to $283,605 the following year.

Democratic gubernatorial candidate Charlie Crist, a congressman from St. Petersburg, posted a net worth of $1.96 million as of December 31.

When Crist last ran for statewide office in 2014, his net worth was $1.25 million.

In a disclosure report filed Monday, Crist reported just over $2 million in investments and cash in bank accounts, as well as a 25-foot Trophy Fisherman Center Console boat with a value of $45,000.

Crist said income from Congress was $174,000, $57,493 from the Florida Division of Retirement and just over $50,000 from investments.

His only liability in 2021 was $35,000 for a rental property in St. Petersburg.

Agriculture Commissioner Nikki Fried, who is competing with Crist for the Democratic gubernatorial nomination, had not filed a new disclosure report early Tuesday afternoon.

Reports from Republican State Chief Financial Officer Jimmy Patronis and Republican Attorney General Ashley Moody, both up for re-election, had also not been posted on the Division of Elections website.

Senate Speaker Wilton Simpson, a Republican from Trilby running for agriculture commissioner, filed a statement showing a net worth of $22.5 million as of December 31, down nearly 28.6% compared to the previous year.

Simpson has seen his net worth plummet more than 32% since becoming Senate Speaker in 2020.

In the new report, Simpson listed assets such as Simpson Farms in Trilby, worth $10.9 million. He also listed a third-party stake in the limited company Belly Wadding as being valued at $592,179. Belly Wadding’s main source of income is listed as NOSNAWS Corp., which owns IHOP restaurants in Florida.

Simpson’s money market accounts and other intangibles fell from $6.9 million in 2020 to just under $6.3 million at the end of 2021.

In addition to the $39,021 in state revenue, Simpson said he withdrew $1.65 million from Simpson Farms, $1.25 million from environmental security firm SES Hold Co. and $22,058 from Belly. Wadding.

Simpson’s home is valued at $602,073, while a Plaza Tower condominium in Tallahassee has an estimated value of $270,870.

Jim Turner reports for the News Service of Florida.

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