Tim Scott in full, Timothy Eugene Scott is an American businessman and politician serving as the junior United States senator from South Carolina since 2013.
He served in the South Carolina House of Representatives and the U.S. House of Representatives.
He also served as a city councilor in Charleston, South Carolina. He is running for President of the United States.
Scott worked in financial services before serving on the Charleston County Council from 1995 to 2009.
He then served in the South Carolina General Assembly from 2009 to 2011, and represented South Carolina’s 1st congressional district in the U.S. House of Representatives from 2011 to 2013.
Nikki Haley, who was then governor of South Carolina, appointed Scott to the U.S. Senate in 2013 to fill a vacancy.
He retained his Senate seat after winning a special election in 2014, and was elected to a full term in 2016 and reelected in 2022.
He became the first African-American senator to be elected from the Southern United States since the Reconstruction era.
On April 12, 2023, Scott formed an exploratory committee to enter the 2024 Republican Party presidential primaries.
He filed Federal Election Commission paperwork to run for president on May 19, and formally declared his candidacy three days later.
Who is Tim Scott ?
Tim Scott was born on September 19, 1965, in North Charleston, South Carolina, to Frances, a nursing assistant, and Ben Scott Sr.
When Tim Scott was seven years old, his parents divorced, leaving him and his older brother, who later became a sergeant major in the U.S. Army, to grow up in working-class poverty with their mother. Frances often worked double shifts to support her family.
After his parents’ divorce, Scott, along with his mother and older brother, moved into his maternal grandparents’ house. There, he formed a close bond with his grandfather.
As a freshman at North Charleston’s R.B. Stall High School, he failed several subjects, prompting his mother to send him to summer school, which he had to finance by working at a local movie theater.
During this time, he met John Moniz, the owner of a nearby Chick-fil-A. Their initial interaction over a sandwich at Scott’s workplace evolved into a substantial mentorship. Moniz educated Scott on individual responsibility, conservative business principles, philanthropy, and finance.
From an early age, Tim Scott enjoyed sports, and excelled at football. He overcame racial prejudice in high school, securing election as student body vice president in his junior year and student body president as a senior.
A month before his senior year, he fell asleep while driving, resulting in a car accident that dimmed his prospects as a football recruit. Nevertheless, he attended Presbyterian College from 1983 to 1984 on a partial football scholarship.
There he was introduced to the Fellowship of Christian Athletes, an encounter that led him to his Christian faith, which became a central part of his life.
Scott later transferred to Charleston Southern University, where he graduated in 1988 with a Bachelor of Science degree in political science.
Upon graduating from college, Scott worked as an insurance agent and financial adviser, a stepping stone toward starting his insurance agency, Tim Scott Allstate. His professional accomplishments enabled him to purchase a home for his mother.
Tim Scott Net Worth: How much is Tim Scott worth?
In 2009, Senator Tim Scott released his financial records claiming a net worth of $3.88million.
It appears that his fortune has since dropped significantly.
He is estimated to be worth around $200,000, according to Celebrity Net Worth.
Hopefully, this article was able to provide you with all the necessary information about Tim Scott net worth.
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