Phil Scott Net Worth (Updated 2025).
Phil Scott, born and raised in Barre, Vermont, began his career in the automotive industry at a young age. He started working at his father’s auto dealership as a teenager, learning the ropes of the business and developing a passion for cars. This early exposure to the industry laid the foundation for his future success.
Scott’s big break came in the late 1980s when he founded his own car dealership, Phil Scott’s Auto Sales. He started with just a few vehicles and a small team, but his dedication, hard work, and customer-focused approach quickly earned him a reputation in the local community. As his business grew, so did his fame, with customers traveling from across the state to purchase vehicles from his dealership.
Phil Scott’s Current Net Worth (2025)
As of 2025, Phil Scott’s net worth is estimated to be around $50 million. This is a significant increase from previous years, largely due to his successful political career and various business ventures.
Career
Phil Scott, born in 1959, is a Vermont businessman and politician. He served as the 82nd Governor of Vermont from 2017 to 2021. Before his governorship, Scott was the Lieutenant Governor of Vermont from 2011 to 2017. He also served in the Vermont House of Representatives from 1994 to 2000 and again from 2001 to 2011. Scott’s political career has significantly contributed to his net worth.
Other Ventures
Scott is the co-owner of R.J. Scott, Inc., a construction company based in Vermont. He also co-owns Scott Equipment Company, a business that sells and services heavy equipment. These ventures, along with his political career, have been the primary sources of his wealth.
Assets
Phil Scott’s assets include several properties in Vermont, including his primary residence in Berlin. He also owns a vacation home in the Lake Champlain region. Scott’s business ventures, including his construction and equipment companies, are also significant assets.
Annual Income
As a businessman and politician, Phil Scott’s annual income varies. As Governor of Vermont, he earned an annual salary of $173,275. However, his income from his business ventures is not publicly disclosed. Therefore, his total annual income is not precisely known.
Frequently Asked Questions about Phil Scott
**Frequently Asked Questions: Phil Scott Net Worth**
1. What is Phil Scott’s net worth?
Phil Scott’s net worth is estimated to be around $100 million.
2. How did Phil Scott make his fortune?
Phil Scott made his fortune through his successful career as a businessman and investor. He is the co-founder and former CEO of the software company, BlackBerry.
3. What is Phil Scott’s background?
Phil Scott was born in Ontario, Canada. He studied engineering at the University of Waterloo and later earned an MBA from the University of Western Ontario.
4. When did Phil Scott start BlackBerry?
Phil Scott and his partner, Mike Lazaridis, founded Research In Motion (later renamed BlackBerry) in 1984.
5. What is Phil Scott’s role at BlackBerry now?
Phil Scott stepped down as the CEO of BlackBerry in 2013. He currently serves as the Vice Chair and Chair of the company’s Board of Directors.
6. What other businesses has Phil Scott been involved in?
After leaving BlackBerry, Phil Scott has invested in and advised several tech startups. He also co-founded the venture capital firm, Venture Partners.
7. Does Phil Scott have any philanthropic endeavors?
Yes, Phil Scott is involved in various philanthropic efforts. He and his wife, Linda, have established the Scott Family Foundation, which supports education, health, and community initiatives in Canada.
8. What is Phil Scott’s political affiliation?
Phil Scott is not known to have any political affiliations. He has not held any political offices and is not actively involved in politics.
9. How old is Phil Scott?
Phil Scott was born on November 30, 1953. As of 2021, he is 67 years old.
10. What is Phil Scott’s height?
Phil Scott is 6 feet 2 inches (1.88 meters) tall.
