Republican presidential candidate Rudolph W. Giuliani earned $16 million last year -- including $11.4 million in speaking fees -- and Democratic contender John Edwards' income topped $7 million, the candidates' financial disclosure statements released Wednesday show.
Sen. Barack Obama (D-Ill.) disclosed that he received $572,000 in advances for two nonfiction books and one children's book, and had a total income that approached $1 million in 2006.
All presidential candidates are required to file personal public financial disclosure reports by mid-May showing their earnings, investments and speaking honoraria. Obama filed his disclosure statement and took the extra step of releasing his 2006 income tax returns.
Three top-tier candidates -- Sen. Hillary Rodham Clinton (D-N.Y.), Sen. John McCain (R-Ariz.) and former Massachusetts Gov. Mitt Romney -- missed the filing deadline and were granted 45-day extensions by the Federal Election Commission.
Romney is the wealthiest candidate, having made his fortune as a venture capitalist.
Edwards, who has campaigned on the need to help poor people and keep jobs from going overseas, earned $480,000 working as a part-time senior advisor to Fortress Investment Group, a New York-based hedge fund that caters to select high-income investors and invests globally.
In addition, Edwards sold millions of dollars worth of such blue-chip stocks as General Electric, Intel, Apple Computer, Microsoft, Citigroup and Schlumberger Ltd., and transferred his gains to various Fortress funds.
According to its annual financial statement filed this year, Fortress manages $35.1 billion in other people's money, and has grown from $1.2 billion in five years. The funds invest in the U.S., Europe and various emerging markets.
The reports do not disclose the exact value of the candidates' investments or earnings but a range of worth.
However, Edwards campaign spokesman Eric Schultz disclosed that John and Elizabeth Edwards had $29 million in investment assets, not counting their home.
They earned $5.9 million from their investments, and an additional $1.27 million mostly from Fortress and from Edwards' speeches, primarily at universities. Edwards' speaking fees ranged from $12,000 for an appearance at Gonzaga University School of Law to $44,000 for appearing at UC Davis.
Edwards earned $333,000 in royalties for a book, but donated it to charity, according to his campaign aides.
