Who is Tim Scott and what is his net worth? | The Sun

SENATOR Tim Scott is hoping to become only the second African American president in US history come 2024.

But who is the 57-year-old South Carolinian and what is his net worth? Here's all you need to know.

Who is Tim Scott?

Senator Tim Scott got his start in politics in 1995 when he was elected to the Charleston City Council.

From there, the businessman went on to serve in the House of Representatives for his native South Carolina in 2011.

Scott has served as the junior Senator for the state since he was appointed by former governor, and now presidential rival, Nikki Haley in 2012.

He won a special election in 2014, allowing him to serve the final two terms of his predecessor, Jim DeMint's, term before being re-elected to two further terms in 2016 and 2022.

He is currently the first Black senator from the South since Reconstruction and the only African-American senator currently in the Republican Party.

What is Tim Scott's net worth?

In 2009, Senator Scott released his financial records claiming a net worth of $3.88million.

However, it appears that his fortune has since dropped significantly.

He is currently estimated to be worth around $200,000, according to Celebrity Net Worth.

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He has a congressional salary of $174,000 and was paid $184,167 for his written memoir by publisher HarperCollins.

Apart from his political career, he also owns an insurance company, Tim Scott Allstate, and has worked as a financial adviser.

Is Tim Scott running for President in 2024?

On April 12, 2023, while on Fox & Friends for an interview, Scott announced that he would be launching an exploratory committee to help raise money for his possible candidacy in the 2024 presidential election.

“I have found that people are starving for hope. They’re starving for an optimistic, positive message that is anchored in conservative values," he said.

To showcase his message, he also released a video titled Faith in America where he said: “I know America is a land of opportunity, not a land of oppression. I know it because I lived it.

“I will never back down in defense of the conservative values that make America exceptional.” 

On May 19, 2023, Tim Scott officially filed to run for president with the FEC, effectively entering the race.

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