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    Home»Biography»Tim Scott’s Net Worth, Awards, Endorsements, Achievements, Contracts, Career Life, and Timeline
    Biography

    Tim Scott’s Net Worth, Awards, Endorsements, Achievements, Contracts, Career Life, and Timeline

    Insight NewsBy Insight NewsJune 29, 2024No Comments2 Mins Read
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    Tim Scott’s Net Worth, Awards, Endorsements, Achievements, Contracts, Career Life, and Timeline

    Tim Scott Leverages Billionaires to Boost Vice-Presidential Bid - Bloomberg

    Net Worth:

    Tim Scott’s net worth has been estimated at around $630 million according to Forbes. His wealth places him among other super-rich investors who have ventured into politics, such as Tom Steyer, Michael Bloomberg, and even former President Donald Trump.

    Awards and Achievements:

    • Tim Scott’s legacy includes groundbreaking achievements and dedication to public service.
    • As the first African American to represent South Carolina in both the House of Representatives and the Senate, he has made history and inspired many with his story of success.
    • He played a key role in the development of the First Step Act, a major bipartisan achievement that provided federal judges with more discretion in sentencing for nonviolent drug offenses and curtailed some mandatory minimums.

    Endorsements:

      • Scott has received endorsements from more than 140 current and former elected officials from his home state of South Carolina.
      • Notable supporters include state Sen. Shane Massey, former U.S. Rep. Henry Brown, and 28 other current state lawmakers.
      • His career has also been marked by a commitment to economic development, job creation, and improving the education sector in South Carolina.

    In pictures: US Sen. Tim Scott | CNN Politics

    Contracts 

      • Scott won a special election in 2014, becoming the first Black U.S. senator ever elected in South Carolina.
      • His net worth, surprisingly, is lower than the median for senators, which stands at $1.76 million (with many senators worth much more).

    Career Life:

      • He attended Presbyterian College on a football scholarship before transferring to Charleston Southern University, where he graduated with a bachelor’s degree in political science in 1988.
      • Scott then worked in real estate and, by the early 1990s, owned his own insurance agency.
      • Scott’s political journey began at the local level:
        • He served on the Charleston County Council from 1995 to 2009.
        • Also In 2009, he represented South Carolina in the General Assembly.
      • From 2011 to 2013, he represented South Carolina’s 1st congressional district in the U.S. House of Representatives.
      • In 2013, then-Governor Nikki Haley appointed Scott to the U.S. Senate to fill a vacancy.
      • He became the first African-American senator elected from the Southern United States since the Reconstruction era.
      • Before entering politics, Scott honed his business skills by working in the insurance sector.
      • His background in real estate and financial services has informed his approach to public service.

    Tim Scott says the 'The View' is 'attacking' him being Black

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