In the three years since former U.S. Rep. David Rivera left Congress -- unceremoniously, after a single term and under the cloud of a federal criminal investigation -- he’s managed to significantly grow his personal wealth, even as what he does for a living has remained a mystery.
He’s worth more than $1.5 million, according to a financial disclosure form he filed this week to qualify as a candidate for the Florida House of Representatives. The last time he publicly declared his finances, in a 2012 congressional form that didn’t require a net-worth estimate, he listed just two assets -- neither of which suggested he had the makings of a millionaire.
Most of Rivera’s newfound wealth lies outside the U.S., in a pair of overseas bank accounts in Mexico and Taiwan each worth more than $300,000, his disclosure shows. He also owns three properties in Mexico’s Yucatan Peninsula worth $250,000, $100,000 and $50,000, respectively.
How Rivera acquired the money and the properties is unknown. He did not respond to questions a Miami Herald reporter emailed him Thursday afternoon.
For years, Rivera has claimed to be a business development consultant, an amorphous profession with unidentified clients. The only income source listed in his latest disclosure, for calendar year 2015, is $104,000. The money came from Xemma Holdings S.A. de C.V., a company in Merida, Mexico, “in partnership” with Interamerican Consulting, Rivera’s corporate entity registered at his Doral home.