Wednesday, February 24, 2016

Hollingsworth Files Financial Disclosure Statement

The Clerk of the U.S. House of Representatives just posted on its website today a financial disclosure statement for 9th District Republican congressional candidate Trey Hollingsworth that is file-stamped on February 18, 2016 at 3:43 p.m. indicating that it was hand-delivered to their office, the date it was due after he was granted a 90-day extension to file his report. The report indicates what had been assumed: The 32-year old businessman is an extremely wealthy individual.

Hollingsworth's father is the founder of The Hollingsworth Companies. According to Trey Hollingsorth's financial disclosure statement, he owns an interest in a variety of companies related to his and his father's investments that could be worth in excess of $60 million dollars. The disclosure statements require candidates to provide a range of the value of their assets and liabilities.

Hollingsworth's largest asset is an ownership interest he holds in Hollingsworth Capital Partners Real Estate LLC's covering real estate holdings across the country that are worth more than $50 million. Those real estate investments are generating anywhere from $1.5 million to $5 million in annual income for him. Those assets are owned in multiple cities, including: Jeffersonville, OH, Petersburg, VA, Greenville, SC, Fort Worth, Louisville, Sterling, Kentucky, Cincinnati, Indianapolis, Norcross, GA, McDonough, GA, Charleston, SC, Greensboro, NC, Lowell, MI, Grand Rapids, MI, Kettering, OH, Duncan, OH, Columbus, OH, Elizabethtown, TN, Charlotte, NC, Atlanta, GA, Fairfield, OH, Gordonsville, TN, Simpsonville, SC, Winston-Salem, NC, Fulton, GA, Memphis, TN, Montgomery, AL, St. Louis, Decatur, GA and Camden, NJ.

Hollingworth earns a relatively small annual salary of $34,655 from Hollingsworth G.P. He serves as a managing partner of Hollingsworth Capital Partners and various HGI entities. Remarkably, Hollingsworth claims no liabilities. How does one acquire that much in assets by the time he reaches the age of 32 without going into debt? Am I missing something here? Hollingsworth, who was born and raised in Clinton, Tennessee, only recently moved his voting residence to Jeffersonville, Indiana last fall so he could run for the 9th District congressional seat being vacated by U.S. Rep. Todd Young, who is seeking the Senate seat of retiring U.S. Sen. Dan Coats.


Anonymous said...

So, does he really live in Indiana or is just a typical establishment Republican? Speaking of them there establishment sorts in Indiana, who, among them, is backing this carpetbagger?

Flogger said...

A carpetbagger that would need a truck to move all that cash a welcome addition to the RINO Wing of the Republican Party in Indiana.

Anonymous said...

As a newcomer to the state he had to get a county chairman of his party to sign approval to let him run in the party primary. That'd be the establishment sorts that are backing him.

Pete Boggs said...

Anon 4:08: Does a significant amount of money typically accompany such establish-meant support?

Anonymous said...

No profit motive here. Running for US House is just a hobby for those tired of making money.