Tim Scott’s $35 Million Net Worth (Annual Income)

Tim Scott has a net worth of $35 Million US Dollars. Tim Scott owns an Insurance company through which he earns over $8 million income annually.

Similar to Jim Jordon and Marjorie Greene, Scott owns a diversified asset portfolio, comprising six real estate properties, five automobiles, and a luxurious yacht.

Additionally, he maintains cash reserves exceeding $1.5 million. Furthermore, Tim Scott is the owner of an investment portfolio consisting of nine stocks valued at $1 million. Notable stocks within this portfolio include Tesla, Pfizer, General Motors, Amazon, Apple, Boeing, and Microsoft.

Financial Losses

Throughout the years, Tim Scott has experienced significant losses in both stock market trading and poker. This seriously dented his net worth.

According to reports, his losses in share trading have exceeded $2 million in the last year alone. Furthermore, during his six visits to Las Vegas, his poker losses have totaled more than $900,000.

Car Collection

Scott owns a collection of five luxury automobiles. Among his recent acquisitions is a brand-new Lincoln Navigator, which he acquired for a sum of $105,000 USD.

Additionally, Tim Scott possesses a Range Rover Autobiography valued at $90,000 USD. His car collection also includes a Ford F-150, Mercedes S-Class, Land Rover, and a BMW X7.

Tim Scott Net Worth 2024

Net Worth	$35 Million
Salary	$204,000
Business Income	$8 Million
Inheritance	$25,000
Approval Rating	36%

Career

Tim Scott’s childhood was marked by financial struggles, as his parents divorced when he was young. Tim Scott became the first African-American senator from South Carolina since Reconstruction and only the seventh African-American to serve in the U.S. Senate.

In 1995, he won a seat on the Charleston County Council, where he served for 13 years. During his time on the council, Scott advocated for fiscal responsibility and limited government.