Tim Scott Net Worth (2025)
Politician, Businessman
Net Worth
Wealth Tier: Millionaire
Net worth between $1 million and $10 million
Annual Income
$174,000 (U.S. Senate salary, public speaking)
Net Worth Timeline
2021: $2,000,000, 2022: $2,300,000, 2023: $2,500,000, 2024: $2,700,000
Tim Scott's Biography
Tim Scott is an influential American politician and businessman, currently serving as the junior United States Senator from South Carolina. Born on September 19, 1965, in North Charleston, South Carolina, Scott rose from modest beginnings to become one of the most prominent African-American leaders in U.S. politics. He graduated from Charleston Southern University before starting his own Allstate insurance agency, displaying his entrepreneurial spirit early on. Scott's political journey began with his election to the Charleston County Council in 1995, marking the start of a career defined by dedicated public service. He later served in the South Carolina House of Representatives and the U.S. House of Representatives before being appointed and then elected as a U.S. Senator in 2013. Renowned for his work on economic development, education reform, and faith-based initiatives, Scott often draws from his personal experiences to connect with constituents and advocate for bipartisan solutions. Despite facing criticism for some policy stances, he remains respected for his integrity and commitment to opportunity for all. Standing 180 cm tall and weighing around 85 kg, Tim Scott is known for his passion for mentoring youth and love of football. As of 2024, his estimated net worth is $2.7 million, built through his Senate salary, business ventures, and public speaking engagements. Tim Scott's journey is a testament to resilience, leadership, and the belief that one's circumstances do not dictate their destiny.
Wealth in Perspective
Fun Fact
Tim Scott is the first African-American Senator from South Carolina since Reconstruction.
Full Name
Timothy Eugene Scott
Nickname
Tim
Nationality
American
Birthday
September 19, 1965
Age
59
Zodiac Sign
Virgo
Height
5'11" (180 cm)
Weight
187 lbs (85.0 kg)
Marital Status
Single
Spouse
None
Children
0
Education
Bachelor of Science, Charleston Southern University
Famous For
Serving as U.S. Senator from South Carolina
First Big Break
Elected to Charleston County Council in 1995
Social Media
Twitter: @SenatorTimScott, Instagram: @senatortimscott, Facebook: SenatorTimScott
Businesses Owned
Tim Scott Allstate Insurance Agency
Awards
Order of the Palmetto (South Carolina's highest civilian honor)
Category
Other
Controversies
Faced criticism from both parties for stances on policing and tax reform
Hobbies
Reading, football, mentoring youth
Interests
Economic development, education reform, faith-based initiatives
Quote
"We are not defined by the trials we endure, but by how we respond to them."