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Mitt Romney, the $250-million man

August 12, 2011|By Kim Geiger
(Chip Somodevilla / Getty…)

Republican presidential candidate Mitt Romney is worth between $190 million and $250 million, his campaign announced Friday after filing personal financial reports with the Federal Election Commission.

He is by far the richest of all current presidential candidates who have filed the required reports, which ask candidates to disclose a broad range of values for their assets, liabilities and income.

The report paints a picture of financial health for the former Massachusetts governor, suggesting that Romney has the funds available to help finance his campaign, should he choose to do so.

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Romney personally invested about $35 million into his 2008 presidential run.

Romney drew fire recently for remarking that he is "unemployed," but his financial reports show that he drew nearly $375,000 in speaking fees and about $114,000 for serving on the board at Marriott International during the roughly 18-month period covered by the report.  

Romney and his wife, Ann, have an extensive investment portfolio, which is managed through a blind trust and draws millions in income from dividends and interest.

"They do not control the investment of these assets," said Gail Gitcho, the campaign's communications director. "The assets are under the control and overall management of a trustee."

In addition to investment income and speaking fees, Romney made between $100,001 and $1 million in royalties from the sale of his book, "No Apology: The Case for American Greatness."  

The book income was distributed evenly to six charities, the campaign said in a statement.

Ann Romney owns two horses valued at between $250,001 and $500,000. The couple owns between $250,001 and $500,000 in gold.

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