Play Live Radio
Next Up:
Available On Air Stations
First Coast

Mayor Curry Sells Part Of Ownership In Former Company, Net Worth Drops

Bob Self
The Florida Times-Union
Jacksonville Mayor Lenny Curry

Jacksonville Mayor Lenny Curry’s net worth declined in 2017 by more than $700,000, according to his latest financial disclosure, a year during which he also sold part of his ownership interest in a private staffing company he co-founded before becoming mayor.

Our Florida Times-Union news partner took a look at the mayor’s latest financial disclosure form.

Curry reported income from his yearly salary as mayor, $168,095, as well as $251,000in income from a stock sale in ICX Group Inc., the professional services company he founded with business partner Todd Froats in 2002. He also reported $30,000 in income from ICX Managed Services, a company focused on information technology where state records show Curry is still listed as a director.

Curry’s net worth fell from about $2.6 million at the end of 2016 to $1.8 million by the end of 2017.

Curry’s financial disclosure form, which the Florida Commission on Ethics received July 2, did not initially show any income aside from his mayoral salary. After the Times-Union asked a city spokeswoman Tuesday about a discrepancy in the numbers, his office provided an amended version of the disclosure form showing income from ICX Group and ICX Managed Services.

The ethics commission website still showed the old disclosure form Thursday.

In his campaign for mayor, Curry relied heavily on his background as an accountant and business owner to win over voters.

For the past three years, Curry’s only reported liability is a $408,264 Wells Fargo mortgage on his San Marco home, which is valued at $825,000.

After the stock sale, his ownership stake in ICX Group fell from a value of $1.2 million in 2016 to $250,000 last year. ICX Managed Services is listed as a $500,000 asset on his disclosure, the same value it has held since 2015.

A longer version of this story that includes a look at Curry's Wells Fargo account and the rising value of his household goods is on