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Speaker of the House Rep. Richard Corcoran, R-Land O' Lakes, bangs the gavel down from the rostrum on the House floor Friday, April 28, 2017 at the Capitol in Tallahassee, Fla. (Photo by Phil Sears)

Influence

Richard Corcoran’s net worth drops 27 percent

House Speaker Richard Corcoran‘s net worth has fallen by more than 27 percent from last year, according to his latest financial disclosure.

His annual filing for 2016 was posted Wednesday on the Florida Commission on Ethics website.

Corcoran, an attorney and father of six children, reported a net worth of $341,750 as of Dec. 31, 2016—nearly $129,000 less than his 2015 reported worth of $470,640.

As assets for this year’s report, he listed his Land O’ Lakes residence, valued at roughly $500,000, and his house in Tallahassee, worth $365,000. He has $75,000 worth of unitemized “household goods and personal effects.”

Other assets include $40,000 in retirement savings and almost $5,000 in personal checking and savings.

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He claimed $175,000 in income last year from the Broad and Cassel law firm, where he works “of counsel” as a commercial litigator, and $29,300 as a state lawmaker, his report says.

Corcoran, first elected in 2010, listed total liabilities of $643,608 to his hometown Regions Bank, which appear to be mortgages on both houses.

Written By

Jim Rosica is the Tallahassee-based Senior Editor for Florida Politics. He previously was the Tampa Tribune’s statehouse reporter. Before that, he covered three legislative sessions in Florida for The Associated Press. Jim graduated from law school in 2009 after spending nearly a decade covering courts for the Tallahassee Democrat, including reporting on the 2000 presidential recount. He can be reached at jim@floridapolitics.com.

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