Ron DeSantis’ pocketbook took a hit in his transition from a member of Congress to becoming governor of Florida.
A new financial report filed with the Florida Ethics Commission shows the Republican governor’s net worth dipped 8.8 percent between 2017 and 2018. It reflects a decline in his net worth from $310,971 at the end of 2017 to $283,605 at the end of 2018, the reports show.
Overall, the governor’s finances didn’t change much in the two-year period. His major asset remains a $450,000 home in Ponte Vedra Beach, a beachfront community south of Jacksonville. His major liability is $263,100 with J. G. Wentworth, a mortgage company.
The forms reflect DeSantis’ sale of a $275,000 condominium in Flagler County in 2018, with a related $205,000 mortgage reported on his 2017 disclosure.
A graduate of the Harvard Law School and Yale University, DeSantis is still paying off his student loans. His 2018 disclosure shows a $33,500 Sallie Mae liability.
DeSantis’ income went through a transition as he successfully ran for governor last year. In 2017, as a fulltime member of Congress, DeSantis earned $174,000. But after winning the Republican nomination for governor in August of 2018, DeSantis left Congress to concentrate on his campaign. And his congressional income dipped to $116,000.
DeSantis took office as Florida’s governor in January. He earns $130,273 a year.
In contrast to politicians in the Florida Legislature, DeSantis isn’t super rich.
The average net worth of lawmakers in the Senate is $5.48 million, and the average net worth in the House is $1.55 million, according to an analysis done by the Florida Phoenix at the start of the spring legislative session.