House Speaker Richard Corcoran‘s net worth has fallen by more than 27 percent from last year, according to his latest financial disclosure.
Corcoran, an attorney and father of six children, reported a net worth of $341,750 as of Dec. 31, 2016—nearly $129,000 less than his 2015 reported worth of $470,640.
As assets for this year’s report, he listed his Land O’ Lakes residence, valued at roughly $500,000, and his house in Tallahassee, worth $365,000. He has $75,000 worth of unitemized “household goods and personal effects.”
Other assets include $40,000 in retirement savings and almost $5,000 in personal checking and savings.
He claimed $175,000 in income last year from the Broad and Cassel law firm, where he works “of counsel” as a commercial litigator, and $29,300 as a state lawmaker, his report says.
Corcoran, first elected in 2010, listed total liabilities of $643,608 to his hometown Regions Bank, which appear to be mortgages on both houses.