BAHAMAS-Millionaires galore seeking political office in The Bahamas.
NASSAU, Bahamas, CMC -Former National Basketball Association (NBA) star, Rick Fox, is among a list of millionaires vying for political office when voters go to the polls on May 12 general elections, according to financial disclosures submitted to the Parliamentary Registration Department. Prime Minister Phillip Davis, the leader of the ruling Progressive Liberal Party (PLP), […] The post BAHAMAS-Millionaires galore seeking political office in The Bahamas. appeared first on Caribbean Times.
Black News 
NASSAU, Bahamas, CMC -Former National Basketball Association (NBA) star, Rick Fox, is among a list of millionaires vying for political office when voters go to the polls on May 12 general elections, according to financial disclosures submitted to the Parliamentary Registration Department.
Prime Minister Phillip Davis, the leader of the ruling Progressive Liberal Party (PLP), has declared a net worth of $4.5 million.
Fox, who also holds Canadian citizenship, played 13 seasons in the NBA between 1991 and 2004, winning three consecutive NBA championships (2000–2002) with the Los Angeles Lakers. He also played for the Boston Celtics.
Fox is the opposition Free National Movement (FNM) candidate for the Garden Hills constituency, and according to his filings, he has US$469,876,479.25 in assets, an annual income of US$4,816,689.16, and liabilities totaling US$124,388.83.
He has US$432 million in securities investments, US$14.5 million in his accounts receivable, and US$11 million in real estate.
According to the Parliamentary Registration Department, 54 millionaires have been nominated to run in the election.
The PLP’s candidate for Fort Charlotte, Sebas Bastian, has a total net worth of US$28.9 million. The bulk of his assets includes US$17.3 million in real estate, US$4.9 million in securities, and US$3.9 million in “other personal property”.
Bastian also disclosed that he is a “discretionary beneficiary” to several Bahamian trusts, which have an estimated “aggregate value of $160 million”.
Deputy Prime Minister Chester Cooper, who is seeking reelection as the parliamentary representative for the Exumas and Ragged Island, has a net worth of US$28 million, an annual income of US$324,000, and total liabilities of US$560,000. The bulk of his assets is in investments and real estate.
Former prime minister Dr. Hubert Minnis, who is contesting the Killarney seat as an independent, said that his total net worth is US$19 million. At the same time, Dr. Veronica McIver, the Coalition of Independents’ (COI) candidate for Killarney, has a net worth of US$12 million.
The COI’s leader, Lincoln Bain, has a net worth of US$1.5 million, while Leslia Miller Brice, the PLP MP for SeaBreeze, has declared a net worth of US$8.7 million.
Opposition Leader and FNM Leader Michael Pintard, who is seeking reelection to the Marco City constituency, has a net worth of US$4 million. He has an annual income of US$177,500 and total liabilities of US$42,000. His assets include US$1.1 million in securities, $923,000 in his savings account, and $1.5 million in real estate.
The post BAHAMAS-Millionaires galore seeking political office in The Bahamas. appeared first on Caribbean Times.
