SENATOR Tim Scott introduced he used to be chucking up the sponge of the presidential race on November 12, 2023.
Had he been elected, the previous South Carolina baby-kisser would've been the first unmarried president since 1884 - this is the whole thing we learn about his net worth.
Who is Tim Scott?
Senator Timothy Eugene Scott used to be born in North Charleston, South Carolina, on September 19, 1965.
According to his Senate bio, he grew up "in a poor, single-parent household" with his mother, Frances, running lengthy hours as a nursing assistant.
He has an older brother - Ben Scott Jr - who serves as a sergeant major within the United States Army.
The 58-year-old got his start in politics in 1995 when he used to be elected to the Charleston City Council.
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From there, the businessman went directly to serve in the House of Representatives for his local South Carolina in 2011.
Scott has served as the junior senator for the state since he used to be appointed by the previous governor - and now presidential rival - Nikki Haley in 2012.
He received a special election in 2014, allowing him to serve the general two phrases of his predecessor, Jim DeMint.
Scott was once re-elected in 2016 and 2022.
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Senator Scott formally announced his presidential campaign on May 22, 2023.
What is Tim Scott's net worth?
In 2009, Senator Scott launched his financial information, claiming a net worth of $3.88 million.
It seems that his fortune has since dropped significantly.
He is estimated to be worth round $200,000, according to Celebrity Net Worth.
He has a congressional salary of $174,000 and was once paid $184,167 for his written memoir via publisher HarperCollins.
Apart from his political occupation, he also owns an insurance company, Tim Scott Allstate, and has worked as a financial adviser.
When did Tim Scott drop out of the presidential race?
On May 19, 2023, news broke that Scott filed to run for president in 2024.
He introduced his first step toward a presidential bid in April 2023 through launching an exploratory committee.
He stated in a video, titled Faith in America: “I do know America is a land of alternative, now not a land of oppression. I realize it as a result of I lived it.
“I can by no means back down in protection of the conservative values that make America outstanding.”
During an interview with Fox & Friends detailing his announcement, he stated: “I've found that persons are ravenous for hope.
"They’re starving for an optimistic, positive message that is anchored in conservative values."
Roughly nine months after he introduced his bid - on November 12, 2023 - the senator revealed that he was dropping out of the presidential race.
Scott printed the news on the Fox News show, Sunday night in America with Trey Gowdy.
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“When I go back to Iowa, it'll now not be as a presidential candidate. I'm postponing my campaign.
"I think the voters, who are the most remarkable people on the planet, have been really clear that they’re telling me: not now," Scott mentioned.
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