Rick Scott's net worth dropped again last year

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Florida Gov. Rick Scott, a multimillionaire who bankrolled most of his successful campaign in 2010, says he’s worth less money now than he was just before he entered office, reports the Associated Press.

But his financial disclosure report filed late Friday also shows that that the former hospital chain CEO earned nearly $26 million from his investments during his first 12 months as governor, more than double what he earned in 2010.

A spokesman for Scott on Friday could not explain the apparent contradiction. Nor could he explain why the disclosure form did not list the 60 acres and home that the governor purchased last year in Montana.

Scott, who is required by law to submit an annual report on his finances, reported that he had a net worth of nearly $83 million at the end of 2011. That’s down from the $103 million net worth he reported at the end of 2010.

When Scott first filed to run for governor, he declared he had a net worth of $218 million. But then he spent tens of millions on his own money during a contentious Republican primary and the subsequent general election campaign.

In the summer of 2010, Scott submitted a tax return with his first financial disclosure report. But Scott did not attach a tax return in 2011 and this year, opting instead to file a two-page form and a three-page list of his assets and income sources. The inclusion of a tax return with the disclosure form is optional; the filing deadline is July 1.

On his latest form, Scott listed assets that include a beachfront home in Naples worth just under $9 million and $71.5 million held in a blind trust managed on behalf of the governor.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.