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Matt Gaetz, Bio, Wife, Latest News & Net Worth

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Matt gaetz net worth : “My family and I have been victims of an organised criminal extortion involving a former DOJ official seeking $25 million while threatening to smear my name,” Republican Congressman Matt Gaetz, who is reportedly facing a Justice Department investigation into whether he had a sexual relationship with a minor, responded this week, tweeting Tuesday

Surprising Family Wealth of Matt Gaetz

“My family and I have been victims of an organised criminal extortion involving a former DOJ official seeking $25 million while threatening.

That sounds like a substantial sum of money, and it is. However, it is owned by the Gaetz family, who are well-known in Florida politics.

According to financial declarations submitted with the state of Florida and the United States House of Representatives, Gaetz and his parents are worth around $30 million.

On his most current Congressional disclosure form, Matt Gaetz listed assets ranging from $235,000 to $625,000, which requires lawmakers to declare the majority, but not all, of their holdings.

That alone makes him affluent, but his parents, Don and Victoria Gaetz, are among the top 1% of the country’s ultra-high-net-worth individuals.

According to a statement he provided to the state’s ethics commission, Don, who is on the board of the Florida nonprofit Triumph Gulf Coast, reported that the couple’s net worth was $29.6 million as of June 2020.

They have a portfolio of publicly traded securities, 13 pieces of real estate, seven-figure investments in three private enterprises, and $375,000 in “antiques, imported rugs, furniture, and books,” as well as a 2013 Mercedes-Benz S550.

Before entering politics, the elder Gaetz, 73, was a successful businessman who founded his own firm.

He worked as a hospital administrator in Wisconsin and Florida after graduating from Concordia College in Minnesota.

He cofounded hospice service Vitas Healthcare with an ordained clergyman and a licenced nurse in 1983, and over the next two decades, he helped develop it.

The organisation, which boasted over 6,000 employees and was dubbed “the nation’s largest supplier of hospice services for patients with serious, life-limiting illnesses,” was purchased by Cincinnati plumbing manufacturer Roto-Rooter for $406 million in 2004.

Don Gaetz was also the superintendent of the Okaloosa County School District in Florida at the time.

He was elected to the Florida state Senate two years later, and in 2012, he became the state senate president, a position he held until 2014.

When his son Matt Gaetz ran for a seat in the state legislature in a special election in 2010, he was already a well-known figure in panhandle politics.

At just 27 years old and three years out of William & Mary Law School, he raised $479,000 for his campaign, which included contributions from Jeb Bush, MSNBC anchor Joe Scarborough, and more than $100,000 from him and his family.

He won the Republican primary by a hair over opponents who had significantly less money.

Since his election to the House of Representatives in 2016, Gaetz has strayed from the Republican establishment that backed his first campaign and has become a fervent Trump supporter who voted against certifying the 2020 election results on the day of the Capitol riot on January 6, 2019.

Don Gaetz is no longer a member of the Florida state senate, but he is currently an appointed board member of a nonprofit that oversees the distribution of monies for Florida counties damaged by the Deepwater Horizon oil leak in 2010.

As part of his job, he must file a financial disclosure form with the state of Florida, detailing all of his holdings and obligations.

According to his report, the elder Gaetz’s net worth is primarily made up of real estate investments.

According to the statement, he claims that his properties, which include six seaside residences on Florida’s panhandle, an apartment in New York City, lots in four states, and an interest in a Pensacola office building, are worth $14.6 million.

He also has $6.8 million in various cash accounts and $4.6 million in holdings in three privately held enterprises. According to his disclosure, at least two of the enterprises are in the senior home care industry.

CareGivers Inc., one of them, obtained a PPP loan in 2020 for between $350,000 and $1 million.

According to his report, he holds shares in around 100 firms, as well as stakes in investment funds and retirement accounts totaling nearly $3 million.

Uber, Raytheon, Coca-Cola, and Eli Lilly are among the companies in his portfolio.

He has only $15,500 in obligations, which he says is due to a credit card balance. Filers must additionally report their annual income under the disclosure. Gaetz got $2.1 million in 2019, including $1.2 million from a Progressive insurance claim related to Hurricane Michael.

In the case of the younger Gaetz, it appears that not much of his parents’ wealth has yet been passed down to him.

He cites ownership of multiple undeveloped parcels in Florida worth between $19,000 and $110,000, as well as retirement accounts worth between $65,000 and $150,000, on his most recent form, which covers assets he owned in 2019.

The Congressman’s single greatest ownership, a $100,000 to $250,000 stake in CareGivers Inc., is similar to his father’s.

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