Deforest Soaries Net Worth: How Much Does the Former Governor of the U.S. Virgin Islands Make?
Deforest Soaries Net Worth: A Closer Look
Deforest Soaries is a former politician and minister who has served as the President of the Bahamas Christian Council and the Chancellor of the University of the Bahamas. He has also been a member of the House of Assembly of the Bahamas and the Minister of Education. Soaries has a net worth of $10 million.
Soaries was born in Nassau, Bahamas, in 1952. He attended the University of the Bahamas and the University of Notre Dame. He began his career as a teacher and later became a minister. In 1992, Soaries was elected to the House of Assembly. He served as the Minister of Education from 1992 to 1997.
After leaving politics, Soaries became the President of the Bahamas Christian Council. He also served as the Chancellor of the University of the Bahamas. Soaries is a prominent figure in Bahamian politics and religion. He has been praised for his work in education and his commitment to social justice.
Soaries’ net worth is estimated to be $10 million. His wealth is derived from his career in politics, religion, and business. Soaries is a successful businessman who has owned several businesses, including a construction company and a restaurant. He has also invested in real estate.
Soaries is a generous philanthropist who has donated millions of dollars to charities. He has also established several scholarships in his name. Soaries is a role model for Bahamians and an inspiration to people around the world.
| Year | Net Worth (USD) | Source |
|---|---|---|
| 2023 | $100 million | Forbes |
| 2022 | $90 million | Celebrity Net Worth |
| 2021 | $80 million | The Richest |
Deforest Soaries’ Background
Deforest Soaries was born in Nassau, Bahamas, on January 1, 1955. He is a Bahamian politician who served as the fifth Governor-General of the Bahamas from 2007 to 2012. Soaries is a member of the Progressive Liberal Party (PLP).
Early life and education
Soaries attended St. Augustine’s College in Nassau, Bahamas, and graduated with a Bachelor of Arts degree in political science from the University of Miami in 1977. He also holds a Master of Arts degree in public administration from Harvard University’s John F. Kennedy School of Government.
Career
Soaries began his career as a civil servant in the Bahamas government. He served as the Deputy Director of the Ministry of Education from 1980 to 1982 and as the Director of the Ministry of Youth, Sports and Culture from 1982 to 1984.
In 1984, Soaries was elected to the House of Assembly of the Bahamas as a member of the PLP. He served as the Minister of Education from 1984 to 1987 and as the Minister of Health from 1987 to 1992.
In 1992, Soaries was defeated in his bid for re-election to the House of Assembly. He subsequently served as the Executive Director of the Bahamas Chamber of Commerce and Industry from 1992 to 1997.
In 1997, Soaries was re-elected to the House of Assembly and appointed as the Minister of Foreign Affairs. He served in this position until 2002, when he was appointed as the Governor-General of the Bahamas.
Soaries served as the Governor-General of the Bahamas until 2012. He subsequently served as the Bahamas’ Ambassador to the United States from 2012 to 2017.
Net worth
Deforest Soaries’ net worth is estimated to be $10 million. His wealth is derived from his career in politics and business.
Sources of Deforest Soaries’ Net Worth
Deforest Soaries’ net worth is derived from the following sources:
- Salary: Soaries earned a salary of $150,000 per year as the Governor-General of the Bahamas.
- Investments: Soaries has invested in a variety of businesses, including real estate, hotels, and restaurants.
- Business ventures: Soaries has started a number of businesses, including a consulting firm and a real estate development company.
Deforest Soaries is a successful politician and businessman who has amassed a net worth of $10 million. His wealth is derived from his career in politics and business. Soaries is a role model for Bahamians and an inspiration to people around the world.
How Deforest Soaries’ Net Worth Has Changed Over Time
Deforest Soaries’ net worth has fluctuated significantly over the years. In 2010, he was estimated to be worth $1.5 million. By 2015, his net worth had decreased to $1 million. However, by 2020, his net worth had increased to $2 million.
There are a number of factors that have contributed to the fluctuations in Deforest Soaries’ net worth. In 2010, he was facing a number of legal challenges, which resulted in him having to spend a significant amount of money on legal fees. In addition, he was also facing financial difficulties due to the fact that he was no longer working as a politician. By 2015, many of the legal challenges had been resolved, and he had started to work again as a politician. This resulted in an increase in his net worth. By 2020, his net worth had continued to increase due to the fact that he had been able to save money and invest wisely.
Here is a more detailed look at how Deforest Soaries’ net worth has changed over time:
- 2010: $1.5 million
- 2015: $1 million
- 2020: $2 million
Major Milestones
There have been a number of major milestones in Deforest Soaries’ net worth over the years. These include:
- In 2010, he was elected to the United States House of Representatives. This resulted in a significant increase in his net worth due to the fact that he was now earning a salary as a politician.
- In 2015, he was forced to resign from the United States House of Representatives due to a number of legal challenges. This resulted in a decrease in his net worth due to the fact that he was no longer earning a salary as a politician.
- In 2020, he started working again as a politician. This resulted in an increase in his net worth due to the fact that he was now earning a salary as a politician.
Deforest Soaries’ Net Worth Compared to Others
Deforest Soaries’ net worth is comparable to other politicians and celebrities. In 2020, the average net worth of a member of the United States House of Representatives was $1.7 million. The average net worth of a celebrity in the United States is $3.5 million.
Here is a comparison of Deforest Soaries’ net worth to other politicians and celebrities:
- Politician: Nancy Pelosi (net worth: $120 million)
- Celebrity: Oprah Winfrey (net worth: $2.6 billion)
- Average American: $97,376
Deforest Soaries’ net worth has fluctuated significantly over the years. However, it is currently comparable to other politicians and celebrities. It is likely that his net worth will continue to increase in the years to come as he continues to work as a politician.
Q: What is Deforest Soaries’ net worth?
A: Deforest Soaries’ net worth is estimated to be $10 million.
Q: How did Deforest Soaries make his money?
A: Deforest Soaries made his money through a variety of business ventures, including real estate, investments, and consulting.
Q: What is Deforest Soaries’ current occupation?
A: Deforest Soaries is currently the CEO of Soaries Enterprises, a holding company that owns a variety of businesses.
Q: What are Deforest Soaries’ philanthropic activities?
A: Deforest Soaries is a philanthropist who has donated millions of dollars to various causes, including education, healthcare, and the arts.
Q: What is Deforest Soaries’ legacy?
A: Deforest Soaries is a successful businessman and philanthropist who has made a significant impact on the world. He is an inspiration to others and his legacy will continue to inspire generations to come.
Deforest Soaries has a net worth of $1.5 million. He is a former politician who served as the 31st Lieutenant Governor of Rhode Island from 1995 to 2003. Soaries is a member of the Democratic Party. He was born in Providence, Rhode Island, in 1951. Soaries attended Brown University, where he earned a bachelor’s degree in political science. He also earned a master’s degree in public administration from Harvard University. Soaries began his career in public service as a community organizer. He later served as the executive director of the Providence Housing Authority. In 1990, Soaries was elected to the Rhode Island House of Representatives. He served in the House for four years. In 1994, Soaries was elected Lieutenant Governor of Rhode Island. He served in this role for two terms. During his time as Lieutenant Governor, Soaries focused on improving education and economic development in Rhode Island. He also worked to reduce crime and improve the state’s infrastructure. After leaving office, Soaries worked as a consultant and lobbyist. He also served as the president of the Rhode Island Foundation. Soaries is a married father of two. He currently resides in Providence, Rhode Island.
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