September 25, 2017

Tallahassee Trend

State Capital: Florida's millionaire lawmakers

The net worth of Florida's wealthiest senators and representatives

Amy Keller | 9/9/2013

Sen. Eleanor Sobel
Sen. Eleanor Sobel

7. Sen. Eleanor Sobel (D-Hollywood)
$8,763,945 Up+ 6.7% from 2011

Sobel, 67, is married to Hollywood dermatologist Stuart Sobel and reportedly derives much of her wealth from her husband’s medical practice and a side business, Emrelle Skin Care Products, which she started with her husband. The majority of her wealth is in property and mutual funds. Her real estate holdings include a $2.5 million condo in Manhattan. She also lists an office condo valued at $650,000 and her Hollywood residence, which is worth $420,000. She lists mutual fund holdings worth more than $4 million.

Rep. Patrick Rooney Jr.
Rep. Patrick Rooney Jr.

8. Rep. Patrick Rooney Jr.
(R-West Palm Beach)
$7,928,000 Up+174.6% from 2011

Rooney’s wealth stems from his family, who are majority owners and operators of the Pittsburgh Steelers. Rooney’s grandfather, Arthur J. Rooney, paid the NFL a franchise fee of $2,500 to bring the Pittsburgh Pirates (as they were then known) into the league, and the Rooney family has retained a controlling interest since. The family later got into the gambling business with investments in a New York horse racing track and a dog racing track (the Palm Beach Kennel Club) in West Palm Beach. The bulk of Rooney’s wealth is derived from interest in various trusts, including 100% interest (worth more than $3.74 million) in the Patrick J. Rooney Jr. 2011 Irrevocable Trust, which owns cash and 500 voting and 2,020 non-voting shares of Yonkers Racing Corp. He also listed 14.3% interest (worth more than $1.5 million) in the Patrick Rooney Sr. 2011 Delaware Trust, which owns cash, marketable securities and 9,175 voting and 9,175 non-voting shares of Rooney Enterprises, which owns the common stock of Pittsburgh Steelers Sports.

Rep. Irving Slosberg
Rep. Irving Slosberg

9. Rep. Irving Slosberg (D-Boca Raton)
$6,986,792 Up+3.4% from 2011

Slosberg became wealthy importing handbags. He reports a $4.2-million holding in his Pompano Beach import company, Mediterranean Trading. Other major holdings include his $800,000 house in Boca Raton and various brokerage accounts valued at $760,587.

Rep. Bill Hager
Rep. Bill Hager

10. Rep. Bill Hager
(R-Delray Beach)
$6,737,000 Up+12.3% from 2011

Hager — a former insurance commissioner for Iowa and former president and CEO of NCCI, the nation’s largest workers’ compensation and health care informatics company — earned close to $550,000 from his reinsurance arbitration business last year. Hager, who was recently divorced, reported a 50% ownership in his Boca Raton residence, valued at $1.4 million. Other large assets include 50% of several IRAs, valued at $4.55 million, and 50% of several investment accounts containing a total of $4.95 million.

11 through 49

11. Sen. Charles Dean (R-Inverness)
$6,714,000 Up+40.6 from 2011
Retired sheriff, cattleman and consultant

12. Rep. Travis Hutson* (R-Elkton)
$6,689,629 Not available
Real estate agent

13. Sen. John Thrasher (R-St. Augustine)
$6,355,515 Down-3.5% from 2011

Tags: Politics & Law, Government/Politics & Law

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Florida Business News

  • Breaking News: Nova Southeastern University calls $200 million commitment from Patel Family 'transformational'

    Today, Nova Southeastern University (NSU) announces the largest philanthropic gift in its history from Tampa-area cardiologist Dr. Kiran C. Patel and his wife, pediatrician Dr. Pallavi Patel. The commitment from the Patel Family Foundation includes a $50 million gift and an additional $150 million for real estate and facilities. The money will be used to expand the university's programs in osteopathic medicine and health care sciences, and also to develop a new 27-acre campus for NSU in Clearwater, Fla. The Patels are renowned in Florida for their philanthropy, community service and entrepreneurship.

    “This gift and additional investment will enrich NSU’s ability to educate highly-qualified physicians and health care professionals who understand how the medical disciplines can and must work together. These future leaders will represent the cultural diversity of our region, our nation and our world so that they can better serve their patients and communities,” said NSU President Dr. George Hanbury.

    Their $50 million gift, one of the seven-largest to any Florida university in history, catapults NSU to more than 84% of its goal to raise $250 million by 2020 for its Realizing Potential philanthropic campaign.

    Read more at the news release, here.

Florida Trend Video Pick

Haunted maze at Merritt Square Mall
Haunted maze at Merritt Square Mall

Take a tour behind the scenes at the Frightmaze Hotel at the Merritt Square Mall.

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