Home FloridaBulldog.org Japan’s Teijin Buys Biggest Asset In Scott’s Blind Trust; Governor Pockets $200...

Japan’s Teijin Buys Biggest Asset In Scott’s Blind Trust; Governor Pockets $200 Million

SHARE
Teijin
Florida Gov. Rick Scott

Gov. Rick Scott appears to have pocketed $200 million in January when the biggest asset in his blind trust – Continental Structural Plastics – was sold to a subsidiary of the giant Japanese conglomerate Teijin Ltd.

The proceeds would nearly triple Scott’s reported net worth of $119 million in 2015, the most recent year for which Florida’s wealthiest governor has filed a financial disclosure form.

Continental Structural Plastics (CSP), a manufacturer of lightweight composite materials used in cars, trucks and air-conditioning systems, was sold for $825 million in a deal that closed Jan. 3.

Gov. Scott’s exact windfall is not clear, and the governor and his representatives aren’t talking. The $200-million-plus estimate of Scott’s personal haul is based on numbers compiled from a variety of public records. The exact figure is difficult to discern, and could be less, because Scott’s assets are hidden in the blind trust and details are not made public.

By Dan Christensen, FloridaBulldog.org, Special to SouthFloridaReporter.com, June 1, 2017

Click here for reuse options!
Copyright 2017 South Florida Reporter
SHARE
The FloridaBulldog is led by its’ founder, Dan Christensen. Christensen is an award winning former investigative reporter for The Miami Herald and Daily Business Review, and one of South Florida’s most experienced reporters. The reports they publish are strictly from their own investigations.