Rick Scott's net worth is estimated at $320 million.
Rick Scott's net worth stats
|Source of wealth:
|Date of birth:
|December 1, 1952
|Place of birth:
How did Rick Scott build his net worth?
Richard Lynn Scott is a well-known multi-millionaire who made his money in business as an attorney and politician. His net worth could be higher, as he has never fully disclosed his entire investment portfolio.
Rick Scott has amassed his fortune through various successful ventures, including his own healthcare company and investments in various industries. His numerous investments have made him the richest senator in the United States.
Born in 1952 in Bloomington, Illinois, Rick Scott’s parents struggled to make ends meet. Scott had to work his way through college, attending the University of Missouri-Kansas City and later Southern Methodist University's Dedman School of Law.
After graduation, Scott co-founded Columbia Hospital Corporation with two other businessmen in 1987. The company specialized in acquiring and operating hospitals and quickly grew to become one of the largest healthcare providers in the United States.
In 1994, Rick Scott’s company merged with Hospital Corporation of America (HCA). Scott was HCA's CEO until 1997 when he was forced out due to HCA’s Medicare fraud.
Following his success with HCA, Rick Scott went on to invest in various industries, including technology and healthcare. He founded a venture capital firm, The Richard L. Scott Investments, LLC, which invests in technology startups.
Scott also founded Solantic with Karen Bowling in 2001, which provided healthcare services sucg as urgent care services, drug screening, and immunizations, among others. He invested more than $5 million in Pharmaca two years later.
Rick Scott has stakes in companies, including America’s Health Network, CyberGuard Corporation, NextEra Energy, JinkoSolar, Conduent, Fortress Secured Lending Fund, All Aboard Florida, and Gilead Sciences. He sold his Valteara Products Holdings shares and acquired an amount that could be anywhere between $15 million to $75 million.
In addition to his business ventures, Rick Scott has also been involved in politics. He is a Republican and served as the 45th Governor of Florida from 2011 to 2019, during which time he focused on job creation and cutting taxes. He was elected to the US Senate in 2018 and was re-elected in 2020.
How has Rick Scott spent his wealth?
Rick Scott has spent his wealth on various assets, including real estate and luxury items. In 2003, he bought a 30,000-square-foot beachfront home in Naples, Florida, for $11.5 million. He also owns a waterfront home in Montana.
Scott has spent some of his fortune on his political campaigns. He was one of the co-owners of the pro-baseball team Texas Rangers.
Rick Scott has been involved in philanthropy, donating millions of dollars to various organizations.
How rich is Rick Scott?
Rick Scott had a reported net worth of approximately $320 million. However, it is important to note that his net worth may have fluctuated since then due to changes in his investments, business ventures, and other financial factors.
Is Rick Scott a millionaire?
Yes, Rick Scott is a millionaire. His net worth is reported to be approximately $320 million, which qualifies him as a millionaire.
Was Rick Scott born rich?
No, Rick Scott was not born rich. He was born into a working-class family in Bloomington, Illinois, in the United States. His father worked as a truck driver, and his mother worked various jobs to support the family.
Scott worked a number of jobs to pay his way through college and eventually earned a law degree from Southern Methodist University in Texas. He went on to have a successful career in business, including co-founding the hospital company Columbia/HCA, which made him a multi-millionaire. However, his initial background was not one of wealth or privilege.