Scott Powers
Democratic congressional candidate Corry Westbrook lists scores of investments on her personal financial disclosure and the environmental activist seeking to take down Republican U.S. Rep. Bill Posey in Florida’s 8th Congressional District might be worth millions.
Westbrook’s detailed disclosure statement contrast’s sharply with that of Posey, a four-term incumbent, whose assets as listed are limited to some real estate, his real estate company, and a lot smaller net worth.
Westbrook, a Washington lobbyist for environmental groups who lives in Vero Beach, lists dozens of investments in mutual funds and numerous tech, alternative energy, car and airline companies, including Amazon, Apple, Delta, Facebook, Tesla, and TimkenSteel. But her major asset is a rental property in Washington D.C. she valued at between $1 million and $5 million. With her mortgage on that property, and no other major liabilities listed, not including her retirement funds, her total net worth would be somewhere between $1 million and $5.5 million.
She lists very little income however, limited to $35,000 in salary, between $5,000 and $15,000 in rent from her Washington property, and no more than $15,500 in dividends and other income from her investments.
Posey, of Rocklege, includes among his assets three properties in Rockledge and one in Cape Canaveral. Two of the Rockledge properties are rental properties. He also lists stock in his own real estate companies, Posey & Co. and Rockledge Realty, as well as Rockledge Group I and the Indian Oaks Corp. But he sets the values of each under $1,000. With a mortgage and an auto loan, his total net worth is somewhere between $18,000 and $721,000.
For income he lists rental income at between $22,500 and $70,000 and his state of Florida pension [he is a former Florida lawmaker] at $16,000. He also has his congressional salary of $174,000.
