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NASSAU , BAHAMAS – Fifty-four millionaires are candidates for the May 12th general election, and their wealth was revealed in detailed financial disclosures published by the Parliamentary Registration Department in Monday’s local dailies.
Top earners vying for public office on May 12th are worth millions, their wealth revealed in an 11-page government notice published by the Ministry of National Security and the Parliamentary Registration Department.
The financial disclosures revealed one candidate has a net worth of hundreds of millions of dollars, that is FNM Garden Hills candidate Rick Fox.
Rick Fox – Garden Hills Candidate, Free National Movement
Assets: $469,876,479.25
Annual Income: $4,816,689.16
Liabilities: $124,388.83
The NBA legend and businessman listed his assets as more than 469 million dollars.
The second richest candidate, according to those disclosures, is the Progressive Liberal Party’s Sebas Bastian, the PLP’s Ft. Charlotte candidate listing his net worth at 28.9 million dollars in his financial disclosures.
Sebas Bastian – Ft. Charlotte Candidate, Progressive Liberal Party
Assets: $29,120,545
Annual Income: $930,000
Liabilities: $175,000
PLP Deputy Leader Chester Cooper, who is also the Deputy Prime Minister, was listed as the third wealthiest with a net worth of 28 million dollars.
Chester Cooper – Exumas and Ragged Island Candidate, Progressive Liberal Party
Assets: $28,000,000
Annual Income: $324,000
Liabilities: $560,000
Rounding off the top 10 wealthiest is former Prime Minister turned Killarney candidate Dr. Hubert Minnis, the COI’s Killarney candidate Dr. Veronica McIver, PLP Sea Breeze candidate Leslia Miller-Brice, FNM Bamboo Town candidate Dr. Duane Sands, Independent candidate for Freetown Andrew Johnson, FNM Fox Hill candidate Dr. Nicholas Fox, and PLP Long Island candidate Renika Knowles.
Dr. Hubert Minnis (IND): $19,020,174.49
Dr. Veronica McIver (COI): $12,047,000
Leslia Miller-Brice (PLP): $8,738,000
Duane Sands (FNM): $8,140,000
Andrew Johnson (IND): $6,615,239.33
Nicholas Fox (FNM): $5,467,000
Renika D. Knowles: $5,330,000
When it comes to party leaders, PLP Leader Philip Davis has his net worth listed as 4.5 million dollars, while FNM Leader Michael Pintard’s earnings were listed at 3.9 million dollars.
Philip Davis (PLP): $4,500,000
Michael C. Pintard (FNM): $3,966,036.36
Lincoln Bain (COI): $1,506,000
COI Leader Lincoln Bain’s disclosures revealed he is worth 1.5 million dollars.
While these disclosures have been made public, it is important to note that the law does not require the financial declarations to be audited or certified by an accountant before they are published.