Jeb Bush Quits Firm That Profited From Obamacare

WASHINGTON (Tribune Washington Bureau/TNS) -
In this Dec. 2  photo, former Florida Gov. Jeb Bush speaks to the U.S. Cuba Democracy PAC’s 11th Annual Luncheon in Coral Gables, Fla.  (AP Photo/J Pat Carter)
In this Dec. 2 photo, former Florida Gov. Jeb Bush speaks to the U.S. Cuba Democracy PAC’s 11th Annual Luncheon in Coral Gables, Fla. (AP Photo/J Pat Carter)

When Jeb Bush completed two terms as governor of Florida in 2007, he reported his net worth was $1.3 million, about $700,000 less than when he took office.

Today, nearly eight years later, he is a wealthy man. He has plunged into business and entrepreneurial ventures involving consulting, the paid lecture circuit and energy development. He has developed real estate, advised international investment banks and joined high-paying corporate boards.

But as he considers running for president in 2016, Bush has begun to unwind some of his financial affairs, apparently to avoid the kind of criticism that hobbled fellow Republican Mitt Romney’s unsuccessful candidacy for the White House in 2012.

Bush is quitting Tenet Healthcare Corp., a company that has profited from Obamacare, and is ending a consulting contract with Barclays Bank to focus on his political future. Aides say he also has stopped giving highly-paid speeches to focus on traveling the nation, meeting with potential donors and testing what a friend calls a “visionary” brand of campaigning.