The Turks and Caicos economy is based on tourism, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than three-quarters of the more than 1 million visitors that arrive annually.
Have you ever wondered who is the Richest Person in Turks and Caicos Islands. Forbesranks outlines the top 10 Richest Politicians in Turks and Caicos Islands in 2019.
10. John Patrick George Freeman-$ 7 million
John Patrick George Freeman CMG (born 25 March 1951) is a British diplomat who is Governor of the Turks and Caicos Islands.
Freeman was educated at King’s College London where he gained a PhD in 1986 with the thesis titled “Britain’s nuclear arms control policy in the context of Anglo-American relations 1957–68”, which later became a book published by Macmillan.
He subsequently joined the Foreign and Commonwealth Office (FCO) in 1986, serving at first as Head of the South Africa Section, 1986–1989. He has been Permanent Representative to the United Nations in Vienna 1997–2001 and Permanent Representative to the Conference on Disarmament 2004–2006, and was seconded as Deputy Director-General of the Organisation for the Prohibition of Chemical Weapons 2006–2011. He was Ambassador to the Argentine Republic 2012–2016. He has been a visiting professor at King’s College London.
Freeman was appointed Companion of the Order of St Michael and St George (CMG) in the 2016 New Year Honours.
9. Cynthia Astwood-$ 7.9 million
Cynthia Astwood (born 9 October 1946) served as the acting Governor of the Turks and Caicos from 26 November until 16 December 2002, when she retired and was succeeded by Jim Poston.
She was the first woman to act as Governor of the Turks and Caicos.
8. Michael Ashcroft-$ 11 million
Michael Ashcroft’s fortune comes from buying and selling a number of companies, most notably home security giant ADT.
He purchased ADT in 1987 then flipped it to Tyco International in 1997 for $6.7 billion; proceeds from the sale still form the bulk of his fortune.
A longtime Conservative Party supporter, he served as deputy chairman from 2005 to 2010, and stepped down from the House of Lords in March 2015.
Ashcroft is also a major investor in Belize and previously served as the Belizean Ambassador to the United Nations from 1998 to 2000.