(TCPALM) — The month before he took office, U.S. Rep. Patrick Murphy boosted his personal wealth with $1 million to $5 million in family company stock from his construction executive father, according to federal financial disclosures.
Murphy, D-Jupiter, said that in December he received the shares of his family’s privately owned company in Miami, Coastal Construction Group. The gift at least tripled Murphy’s 2011 net worth as a Congressional District 18 candidate, when he listed no shares in the family business.
U.S. House candidates and congressional members have to disclose a range of values for their assets and liabilities. Murphy’s 2011 form puts his net worth between $136,000 and $320,700. With the stock, Murphy’s 2012 worth registered between about $1.1 million and $5.4 million.
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