Millionaires enter Bahamas election race as Rick Fox declares US$469M in assets
Former National Basketball Association (NBA) star Rick Fox is among a list of millionaires vying for political office when voters head to the polls in The Bahamas on May 12 general election, according to financial disclosures submitted to the Parliamentary Registration Department. Prime Minister Phillip Davis, leader of the ruling Progressive Liberal Party (PLP), has […] The post Millionaires enter Bahamas election race as Rick Fox declares US$469M in assets appeared first on CNW Network.
Black News 
Former National Basketball Association (NBA) star Rick Fox is among a list of millionaires vying for political office when voters head to the polls in The Bahamas on May 12 general election, according to financial disclosures submitted to the Parliamentary Registration Department.
Prime Minister Phillip Davis, 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 from 2000 to 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. 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.
His disclosures show US$432 million in securities investments, US$14.5 million in accounts receivable, and US$11 million in real estate holdings.
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, reported 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 a number of Bahamian trusts with an estimated aggregate value of $160 million.
Deputy Prime Minister Chester Cooper, who is seeking reelection as parliamentary representative for Exumas and Ragged Island, reported a net worth of US$28 million, an annual income of US$324,000, and total liabilities of US$560,000. The majority of his assets are held in investments and real estate.
Former Prime Minister Dr. Hubert Minnis, who is contesting the Killarney seat as an independent, reported a total net worth of US$19 million. Meanwhile, Dr. Veronica McIver, the Coalition of Independents (COI) candidate for Killarney, disclosed a net worth of US$12 million.
COI leader Lincoln Bain reported a net worth of US$1.5 million, while Leslia Miller Brice, the PLP Member of Parliament for SeaBreeze, 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, disclosed a net worth of US$4 million. He reported 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 savings, and $1.5 million in real estate.
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