TALLAHASSEE — Florida Agriculture Commissioner Wilton Simpson had a net worth of $20.618 million as of Dec. 31, a nearly $2 million decrease from a year earlier, according to an annual financial-disclosure report posted on the Florida Commission on Ethics website.
Simpson, a Trilby Republican whose most valuable part of his portfolio is an egg farm, served as Senate president in 2021 and 2022 before being elected agriculture commission in November.
State elected officials faced a Monday deadline for filing financial-disclosure reports, which generally show assets, liabilities and income as of the end of 2022.
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Simpson’s assets were topped by Simpson Farms in Trilby at $10.68 million. His income from the farm last year was $645,781. He also received about $1.16 million from an entity called WES FL LLC.
Simpson listed one-third ownership in the limited liability company Belly Wadding, valued at $578,392. Income last year for Simpson from Belly Wadding was $18,130. A 2021 report listed Belly Wadding’s major source of income as NOSNAWS Corp., which owns IHOP restaurants in Florida.
Simpson’s home was valued in 2022 at $627,264. An additional 35 acres he owns in Dade City was valued at $429,308.
A Plaza Tower condominium in Tallahassee had an appraised value of $273,460.
Simpson’s reported net worth at the end of 2021 was $22.54 million.