Beaucoup bucks for Rudy & Romney
Rudy Giuliani was nearly destitute as a public servant, so much so that regularly bunked with friends in midtown while his ex-wife took Gracie Mansion. He has managed to build a net worth of up to $70 million since leaving office, with the Wall Street conference circuit accounting for some of the cash.
But Mitt Romney could buy and sell him…
Republican presidential candidate Mitt Romney reported that he is worth as much as $247 million, which may make him the wealthiest of the 2008 contenders.
Romney, 60, founder of the Boston-based venture capital firm Bain Capital LLC, today disclosed his assets to the Federal Election Commission. The former Massachusetts governor reported that most of his wealth is in a blind trust and a retirement account. When the assets of his wife, Ann, are included, the Romneys have holdings of between $190 million and $250 million, according to national campaign counsel Ben Ginsberg.
The financial disclosure documents show that Romney, who has already loaned his campaign $8.9 million, has the resources to continue funneling funds into a presidential race that may become the most expensive in U.S. history.
``Using some of his personal funds is going to be an ongoing part of his financial strategy,’’ said Anthony Corrado, a professor of government at Colby College in Waterville, Maine. ``More than any candidate in the Republican race, he has a safety net he can rely on in terms of his personal wealth.’’
All that, and no subprime exposure either. It is good to be Mitt.
Romney Reports He Is Worth as Much as $247 Million
Bloomberg
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