DeSantis’ Net Worth Soars: Presidential Run and Book Sales Pay Off
Gov. Ron DeSantis’ financial portfolio has seen a significant boost over the past year, marking an impressive increase of more than 50 percent in his net worth. As of December 31, 2023, his net worth stands at $1,773,157, up from $1,174,331 the previous year.
This substantial growth is closely tied to his presidential run and the successful sales of his book, “The Courage to Be Free: Florida’s Blueprint for America’s Revival.”
The financial disclosure report, released on the Florida Commission on Ethics website, highlights the impact of DeSantis’ literary endeavor. His book has played a crucial role in augmenting his wealth. In 2023 alone, DeSantis received $625,500 from HarperCollins Publishers LLC.
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This amount follows a hefty $1.25 million advance he received from the same publisher in 2022. Additionally, DeSantis garnered $160,000 from Premiere Collectibles Books, which markets signed copies of his book for $35 and a deluxe collector set for $50.
Upon its release in February 2023, the book quickly ascended to bestseller lists on The New York Times and Amazon.
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State elected officials in Florida are mandated to file financial disclosure forms annually by July 1, detailing their income, assets, and liabilities. These forms typically reflect the financial status as of the end of the previous year.
For DeSantis, the transition from his 2021 net worth of $318,986 to the current figures underscores a remarkable financial evolution. The latest report not only includes his book income but also notes significant increases in his checking and savings accounts.
By the end of 2023, DeSantis’ financial landscape was considerably robust. He held $351,078 in USAA checking and savings accounts, nearly $1.26 million in a savings account with Interactive Brokers, $95,592 in a thrift savings plan (a retirement savings and investment plan), and $84,196 in the Florida Retirement System.
Comparatively, at the end of 2022, his USAA accounts contained $1.046 million, the thrift savings plan had $91,719, and the Florida Retirement System accounted for $54,720. Notably, as the governor and his family reside in the governor’s mansion, DeSantis reported no real estate holdings for 2023.
The rise in DeSantis’ net worth is a testament to the financial benefits of his political and literary endeavors. His book, “The Courage to Be Free,” serves as a financial catalyst, demonstrating the substantial earnings potential from successful book deals.
According to the source, the significant royalties from HarperCollins and Premiere Collectibles Books underscore the book’s market success and its role in enhancing DeSantis’ financial status.
Additionally, the financial disclosure report sheds light on DeSantis’ diversified financial portfolio. The substantial funds in his USAA accounts and savings with Interactive Brokers highlight his strategic financial planning and investments.
The increases in his thrift savings plan and the Florida Retirement System further demonstrate his focus on long-term financial stability and retirement planning.
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DeSantis’ financial journey, from a net worth of $318,986 in 2021 to over $1.7 million in 2023, paints a picture of significant financial growth fueled by his political aspirations and literary success.
The combination of his presidential run and the commercial success of his book has fortified his financial standing, showcasing the lucrative intersection of politics and publishing.
In summary, Gov. Ron DeSantis’ financial disclosure report offers a comprehensive view of his net worth progression over the past year. His net worth has surged by more than 50 percent, driven by the earnings from his book and his prudent financial management.
This financial milestone underscores the broader economic impacts of his political and literary ventures, positioning him as a prominent figure with a fortified financial base.