Bahamas elections: 65 millionaires vying for office

Hubert Minnis

The number of millionaires vying for public office in the upcoming general election, 16th September, increased by more than 25 percent over 2017. Sixty-five millionaires are seeking election to the House of Assembly compared to the 51 millionaires who were nominated in 2017.

Topping the list of wealthiest incumbent candidates this year is Minister of Tourism Dionsio D’Aguilar, who has a total net worth of $37,951,803, according to his financial declaration filed on Nomination Day. He is one of more than 200 candidates nominated this year.

The bulk of D’Aguilar’s fortune is in securities and investments. He listed $32,886,213 in that category. The business executive brings in a total income of $1,467,988 and has over $2,825,340 in real estate.

However, East Grand Bahama candidate Dr. Kevin Charles King tops the list of declared millionaires overall. According to the financial declaration he submitted, his net worth is $53,129,820.

Dionsio D’Aguilar

Although, it is unclear what his fortune, which includes $35 million in securities, is derived from. His listed assets also include $8 million in real estate and $10 million in “other personal” assets. His total annual income is $38,500. He listed $68,680 in liabilities.

With a declared net worth of $14,832,882, Progressive Liberal Party (PLP) Deputy Leader Chester Cooper has seen his net worth nearly double since 2017. Ahead of the last election, he declared a net worth of $7.9 million.

Cooper, who is seeking his second term as the MP for Exumas and Ragged Island, listed $11 million in investments, $3 million in real estate and $2 million in securities, this year.

Prime Minister Dr. Hubert Minnis has also seen his fortune increase. He listed his net worth at $14,048,902, up from the $12.6 million he declared in 2017.

This year, Minnis, who is seeking a second term as prime minister and fourth term as a member of Parliament for Killarney, listed $9.2 million in real estate and $274,583 in securities and investment. The prime minister has a total income of $537,600, including $423,600 in real estate income. In 2012, Minnis declared a net worth of $10.9 million.

Former Minister of Health Dr. Duane Sands declared a net worth of $6,958,000. Among his assets are $3.4 million in securities and investments and $3.56 million in real estate. His total income is $601,000. Sands is seeking reelection in the Elizabeth constituency.

PLP Leader Philip Brave Davis also declared a sizable net worth. Davis calculated his net at $4,100,237. Davis’ assets include $1.294 in securities, $1.255 million in accounts receivable and $1.697 million in real estate, among other things. His total income is listed at $272,120.

Centreville candidate Arrie Percentie, a contractor, listed her net worth at $14,022,520. Her assets include $12 million in real estate.

Reece Chipman, who beat then-Prime Minister Perry Christie by a slim margin during the 2017 general election, declared a net worth of $2,229,000. His assets include $1.5 million in securities.

Free National Movement (FNM) candidate for Garden Hills Stephen Greenslade, an entrepreneur, declared a net worth of $5,743,959. He listed $3.79 million in securities and investments.

Other notable millionaires include former Attorney General Alfred Sears, who is running on the PLP’s ticket in Fort Charlotte. He declared a net worth of $3,330,324.

National Security Minister Marvin Dames listed his net worth at $2,016,426.96. Dames’ declaration lists just over $1 million in securities and investments and $829,708 in real estate.

Political newcomer and PLP candidate for Seabreeze Leslia Miller declared a net worth of $3,119,000. She listed more than $1 million in real estate and half a million in securities.

On the lower end, Luisa Jorrin, an unemployed independent candidate for St. Anne’s, declared her net worth at $300. However, she listed her total income at $12,000.

A few candidates did not list their net worth.