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.
