Tim Scott Net Worth

Tim Scott reported household assets minus debts of −$316K to $3.53M, a midpoint of about $1.61M, on his latest financial disclosure (Annual Report for CY 2025 (Amendment 1), filed October 6, 2026).

Tim Scott has represented South Carolina in the U.S. Senate since 2013, when he was appointed after Jim DeMint resigned. Before that he served on the Charleston County Council, in the South Carolina General Assembly and, from 2011 to 2013, in the U.S. House.

Born and raised in Charleston, he worked in financial services before entering politics. He ran for the 2024 Republican presidential nomination, and he now chairs the Senate Banking Committee and the National Republican Senatorial Committee.

What his 2025 disclosure shows

The report he filed on October 6, 2026 covers 2025. It lists 59 assets with a value, adding up to $1.6 million to $4.5 million. The largest are Amazon.com Inc (spouse, $250K–$500K); Residential rental (Goose Creek, SC) ($100K–$250K) and Residential rental (Hanahan, SC) ($100K–$250K). Another four items are listed with no value or an undetermined value, such as a pension, so they are not counted.

On the debt side, the report lists five debts adding up to $950,000 to $1.9 million. The largest is a mortgage with Movement Morgage, owed by the spouse, in the $500K–$1M band. Subtracting debts the same way gives a range of −$316,000 to $3.5 million, with a midpoint of about $1.6 million. The Senate form lists mortgages but usually not the homes they are on, so counting those mortgages as debts pulls the low end of the range down.

How the range has changed

Using the same method for every year, the midpoint of his disclosed range went from about −$829,000 on his 2013 report to about $1.6 million on his 2025 report. The highest midpoint was about $4.4 million, on the 2024 report. The lowest was about −$1.5 million, in 2017. The chart shows 13 reports from 2013 to 2025, each added up the same way, and nothing is filled in between them.

These are ranges built from the value bands on each form, not exact values. They move with market prices, property values, new or paid-off debts and the bands a filer picks, and the forms do not say which of these caused a change. Like every member of Congress, Scott does not have to report a home he lives in, cars and personal belongings, or federal retirement savings such as the Thrift Savings Plan, so his real net worth could be higher than these forms show.