Dr. Oz’s Senate Bid Reveals His Wealth – The New York Times
Television made Dr. Oz rich, but now we have a better idea just how rich.
The celebrity doctor Mehmet Oz, whose TV career was given liftoff by Oprah Winfrey and who left it behind to run for the Senate in Pennsylvania, has a personal fortune of $76 million to $300 million, he disclosed Wednesday night in a government filing.
The assets, which Oz owns solely or jointly with his wife, include a large private investment in the iconic Pennsylvania gas and convenience chain Wawa, as well as far-flung properties in New Jersey, Pennsylvania, New Hampshire, Florida and Turkey, from which his parents emigrated before he was born.
Last year, Oz bought a cattle farm in Okeechobee, Fla., whose cows are worth up to $500,000. A home he owns in Palm Beach, Fla. is valued between $5 million and $25 million. Precise figures can’t be determined because the financial disclosure, required under federal law, asks for asset values in a broad range.
But this much is clear: If elected, Oz would be one of the wealthiest members of the Senate. Building on his celebrity, he has used his fortune to propel himself toward the top of the Republican field in one of the country’s most expensive primary races. He put in $5.3 million of his own money last year, and he may well report adding more in a new campaign filing later this month.
Oz, 61, is vying for the G.O.P. nomination in what is widely viewed as one of the nation’s most pivotal Senate races, to fill the seat of a retiring Republican, Pat Toomey. Republicans view it as a must-win race for control of the Senate. Democrats regard Pennsylvania, which President Biden narrowly won in 2020, as a chance to offset potential losses by the party’s most vulnerable incumbents in states like Georgia and Arizona.
To reach the general election, Oz will have to emerge victorious from a nasty slugfest with another superrich first-time candidate, David McCormick, the former chief executive of Bridgewater Associates, the world’s largest hedge fund. McCormick, who has not yet filed a financial disclosure, must do so at least 30 days before the May 17 primary.
Together, Oz, McCormick and several super PACs funded by their wealthy supporters have juiced the rivalry with more than $37 million in advertising, largely on television, according to Ad Impact. Pro-McCormick super PACs have gone after Oz as a closet liberal. A super PAC backing Oz has denounced McCormick as soft on China.