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Doug MacGinnitie, Secretary of State candidate: $24,547
Doug MacGinnitie reported income of less than $25,000 last year, but that was still enough to buy a $2.2 million home in Sandy Springs.
A former Sandy Springs city councilman, MacGinnitie co-founded the commercial insurance brokerage Beecher Carlson. He previously served as chief counsel for Georgia Pacific and general counsel for the Hobbs Group.
MacGinnitie earned $12,000 in salary and $12,547 in dividends and interest in 2009, according to his financial disclosure filed with the State Ethics Commission. Figuring in $28,000 in expenses, he reported a net loss of $3,453 for the year.
MacGinnitie paid $2,262,500 for his home last September. The home was appraised for tax purposes last year at just half that amount — $1,140,800.
He disclosed net assets of $10.4 million, primarily the house and nearly $7.4 million in equity in Beecher Carlson.