Saturday 13 August 2011

Mitt Romney owns $$$$$$$$$ in horses

Republican presidential candidate and front-runner Mitt Romney is worth as much $264 million, according to a filing with the Federal Election Commission. All presidential candidates are required to file a financial disclosure form. The FEC report released on Friday suggests Romney's net worth is between $85 million and $264 million.


Romney's campaign offered a slightly less estimate of $190 million to $250 million.


Last year, Romney made at least $9.3 million - mostly from stock and bond options, dividends, interests and sales. Romney and his wife do not manage their money. The family's account is held in a blind trust under the management of Boston legal office Ropes & Gary, said a campaign spokesperson.


In his 2008 run, the former Massachusetts governor invested much of his own money in his campaign. According to the Boston Globe, he spent "at least $42.3 million of his own money" in 2008, or roughly half of the campaign costs.


He has occasionally received compensation for speeches, and those have been disclosed in accordance with the law,’’ said Gail Gitcho, the Romney campaign’s communications director.


The only other Republican presidential candidate who might exceed Mr, Romney in personal wealth is former Utah governor Jon Huntsman, who has yet to file a disclosure.


The Associated Press reports Minnesota Rep. Michele Bachmann, who won the Ames Republican Presidential Straw Poll late Saturday, has a net worth between $500,000 and $1 million.


Texas Governor Rick Perry, who announced he’s running Saturday in South Carolina, is reportedly worth near $1 million.


The former Massachusetts governor has never released his tax returns, which would offer a fuller picture of his fortune, and has declined requests to do so this year.



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