|Net Worth:||$300 Million|
|Date of Birth:||December 1, 1952 (71 years old)|
|Profession:||Politician, Investor, Executive officer, Businessperson, and Lawyer|
|Nationality:||United States of America|
What is Rick Scott’s Net Worth and Salary?
Rick Scott is an American Businessman and Republican politician who has a net worth of $300 million. He became well known when he served as a senator of the United States from Florida.
According to his recent financial statements and Rick happens to be the richest politician in America with an estimated net worth of $166 and $355 million.
His wealth is traced to his therapeutic industry where he was the former director of Columbia/HCA, a healthcare company. As a result of its extensive Medicare fraud, the corporation ultimately pleads guilty to 14 felonies and was required to pay a $1.7 billion fine.
Rick participated in Republican efforts to overturn the outcome of the 2020 presidential election while serving as a US senator. He presided over Florida from 2011 to 2019 as governor before becoming a senator.
Rick amassed wealth as the CEO of the for-profit healthcare organization HCA, which encountered a lot of legal issues that we’ll go into more depth about later in this article.
Childhood and Scholarship
On 1st December 1952, Rick Scott was birthed Richard Myers in Bloomington, Illinois. When he was still a baby his mother Esther divorced his father Gordon due to a lifestyle of alcoholism.
Rick assumed the surname Orba after his mother subsequently remarried a truck driver. He later was schooled at North Kansas City High School when his family migrated to North Kansas City, Missouri.
After graduating from high school, Rick was shortlisted for two and a half years in the US Navy as a radarman on the USS Glover.
He later enrolled in the University of Missouri – Kansas City on a government-sponsored educational scholarship after completing his duty. Rick bagged his business administration BS degree. He continued on to Southern Methodist University where he obtained a JD.
Rick Scott started his entrepreneurial career by acquiring and reopening the Flavor Maid Do-Nut. He joined the Dallas law firm Johnson & Swanson as an attorney after completing his legal studies at SMU.
Columbia Hospital Corporation and HCA
Rick and businessman Richard Rainwater created Columbia Hospital Corporation in 1988. Over the ensuing years, together, they significantly increased the company’s size by investing in Basic American Medical and Galen Healthcare, acquiring over 100 hospitals in the process.
The Hospital Corporation of America and Columbia Hospital Corporation joined in 1994 to form the largest for-profit healthcare organization in the country. Scott was named the new business’s CEO.
Many of Columbia/sites HCA’s were raided by federal law enforcement officials in the early part of 1997, including the FBI, IRS, and Department of Health and Human Services. A number of federal programs, including Medicare, Medicaid, and others, were revealed to have been created by the corporation.
According to reports, Columbia/HCA habitually bribed doctors to refer patients to its system in exchange for kickbacks. They then allegedly fabricated patient illnesses to increase the amount of money Medicare paid.
Scott was consequently coerced into resigning as CEO. In the course of his 2000 deposition, he ultimately invoked the Fifth Amendment 75 times. A $1.7 billion fine was imposed on Columbia/HCA after it admitted admission to 14 offenses.
He stated in 2018 that he would run for the US Senate when his second term as governor of Florida came to an end. He won the general election over Democrat Bill Nelson by 10,033 votes after defeating Republican Rocky De La Fuente in the Republican primary.
Scott’s Super PAC received a lot of backlash after the election for allegedly breaking federal election laws due to the fact that billionaire hedge fund manager Ken Griffin served as the PAC’s financial chairman and made a number of large personal contributions.
The GOP’s efforts to rig the 2020 presidential election included Rick’s participation in early 2021 when he voted to reject the setting of Pennsylvania electors. This decision brought Rick considerable criticism.
Additionally, on January 6, he opposed the establishment of an impartial commission to look into the US’ capital attempted coup.
For some of his financial choices, Rick Scott has generated a tremendous deal of controversy. He and his wife allegedly owned ownership in firms that transacted business with the Putin and Maduro regimes in Russia and Venezuela in 2017.
Rick had previously criticized Maduro in front of the public and firms with connections to Venezuela.
When Scott and his wife invested in the construction of a high-speed rail line between Orlando and Tampa, Florida, something he had violently opposed while serving as governor, further hypocrisy was exposed.
Governor of Florida
In 2010, Rick joined politics as a candidate for the Republican nominee for governor of Florida, running on the radical Tea Party platform. He later barely defeated Democrat Alex Sink in the general election.
Rick Scott won reelection in 2014. During his time in office, he guided Florida through the hurricane Irma catastrophe while planning the biggest mass evacuation in American history.
Additionally, he supervised a decline in both crime and unemployment. Scott, however, took many opposing actions to set the state back, such as lowering funds for water management districts and supervision at the Florida Department of Environmental Protection.
In addition, Rick tried to limit voting rights and oversaw a record number of executions of prisoners in the state.
Companies and Organizations in Other Sectors
When Scott left Columbia/HCA, he founded the holding company Richard L. Scott Investments, which has investments in the industrial, technology, and healthcare industries.
Then, together with former television anchor Karen Bowling, he co-founded the urgent care medical facility known as Solantic. Multiple centers are run by the corporation in Florida.
Together with his daughter Allison, Scott later co-founded the Alijor.com health information website. He created Conservatives for Patients’ Rights, a campaign for better patient rights in the healthcare system, among his other projects, in 2009.
Rick Scout wedded Frances Holland, his high school sweetheart, in 1972 when he was just 19 years old. They live in Naples, Florida, and have two daughters together.
Compensation and Earnings
We took $300 million worth of company equity with Rick Scott when he left Columbia/HCA. As additional compensation, he received a $5.1 million severance package and a $950,000 per year, five-year consulting contract.
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