April 19, 2012
Independent candidate Whitney Bastian leads the field of 56 millionaires vying for seats in the House of Assembly, according to financial disclosures submitted for 133 general election candidates who nominated on Tuesday.
These millionaires are members of the Free National Movement (FNM), the Progressive Liberal Party (PLP), the Democratic National Alliance (DNA) and some are independents.
Forty-three millionaires sought seats in the House in 2007, when 110 candidates nominated.
Since 2007, some current members of Parliament have done extremely well, while others have lost ground financially.
However, the combined net worth of the top 10 candidates in the current class of millionaires falls far short of the 2007 group, with former heavyweights Brent Symonette ($58 million), Jackson Ritchie ($18.8 million), Shandrice Rolle ($16.4 million) and Allyson Maynard-Gibson ($11.6 million) not offering this time around.
Bastian declared a net worth of $11.4 million. He is offering himself for Mangrove Cay and South Andros.
His net worth was listed at $10.1 million in 2007.
Minister of Health and Killarney MP Dr. Hubert Minnis (FNM) isn't too far behind, with a net worth of $10.9 million. His fortune has grown considerably from the $7.1 million he declared when he nominated for the last general election.
Bain and Grants Town MP Dr. Bernard Nottage (PLP) has seen a relatively slight increase in his fortune. He was worth $7.8 million in 2007, but declared a net worth of $8.18 million in 2012.
Businessman Gary Sawyer (PLP), who is running in South Abaco, is worth around $7.8 million.
Accountant Hubert Chipman (FNM), who is running in St. Annes, is worth $6.85 million.
DNA Leader Branville McCartney is by far the wealthiest party leader. He has also seen his wealth grow over the past five years. McCartney declared a net worth of $6.5 million on Tuesday.
In his declaration for the year ending December 31, 2007, McCartney's net worth was listed at $2 million.
FNM Leader and Prime Minister Hubert Ingraham declared a net worth of $1.9 million on Tuesday. That is a slight increase from the $1.6 million net worth he declared for 2007.
PLP Leader Perry Christie declared a net worth of $2 million on Tuesday. He was worth nearly $2.2 million at the end of 2007.
PLP Tall Pines candidate Leslie Miller listed his net worth at $6.5 million. He was worth just over $4.5 million in 2007.
Elizabeth candidate Dr. Duane Sands (FNM) declared a net worth of $6.2 million on Tuesday. His fortune is down. He declared a net worth of $6.785 million in the 2010 Elizabeth by-election. He ultimately lost that contest to current Elizabeth MP Ryan Pinder (PLP), who disclosed a net worth of $435,000 on Tuesday.
The PLP's candidate for Marathon, Jerome Fitzgerald, declared a net worth of $6 million. He has lost considerable ground after declaring nearly $8.4 million for 2007.
Attorney Paul Moss, who is running as an independent in Garden Hills, declared a net worth of $5.9 million.
Architect Wellington Woods, the DNA's Pinewood candidate, has a net worth of $5.66 million.
DNA South Beach candidate Wallace Rolle declared a net worth of $5.4 million.
Accountant Peter Turnquest (FNM), who is running in East Grand Bahama, declared a net worth just over $5 million.
Attorney Richard Lightbourne (FNM), who is running in Montagu, is worth $4.66 million.
Attorney and MICAL MP V. Alfred Gray declared a net worth over $4 million.
Businessman and pilot Randy Butler (DNA), who is running in North Andros and the Berry Islands, declared a net worth of $3.87 million.
The PLP's Central and South Eleuthera candidate, Damian Gomez, is worth $3.5 million.
Arnold Forbes (PLP), who is running in Mount Moriah, is worth $3.4 million.
Attorney Craig Butler, the independent candidate for Bamboo Town, declared a net worth of $3.3 million.
Attorney Wayne Munroe, the DNA candidate for Mount Moriah, declared a net worth of $3.25 million.
Attorney Kenyatta Gibson (FNM), who is running in Southern Shores, declared a net worth of $3 million.
Of course, the majority of candidates are not millionaires.
Jay Armbrister, who is running in Elizabeth, declared $1,441.31, the lowest net worth among all the candidates.
The individual details of these and all the other candidates' disclosures can be found in today's edition of The Nassau Guardian.
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News date : 04/19/2012 Category : Nassau Guardian Stories