Former Governor Romney Reports Assets of Up to $250 Million
Former Massachusetts Governor Mitt Romney, seeking the 2012 Republican presidential nomination, is worth as much as $250 million, about the same as the last time he ran for president.
Romney, 64, founder of the Boston-based venture capital firm Bain Capital LLC, has assets of between $190 million and $250 million, his campaign said today as he filed his personal financial disclosure form with the U.S. Federal Election Commission. His assets are in a blind trust, said Gail Gitcho, a campaign spokeswoman.
Four years ago, Romney disclosed assets of up to $247 million as he spent $45 million of his own money on his unsuccessful bid for the Republican presidential nomination. He hasn’t used any of his own money for his current race. He raised $18.3 million through June 30, more than any other Republican candidate.
Romney reported taking in close to $375,000 in speaking fees, including $42,500 from London-based Barclays Plc. (BARC) A Barclays lobbyist, Patrick Durkin, raised $167,800 for Romney’s 2012 campaign, FEC records show. He also received more than $115,000 as a board member of Bethesda, Maryland-based Marriott International Inc.; he reported resigning that position in January.
Romney donated royalties from his book, “No Apologies,” to charity, the campaign said.
Federal disclosure forms list assets and holdings within ranges and don’t provide precise figures.
To contact the reporter on this story: Jonathan D. Salant in Washington at email@example.com.
To contact the editor responsible for this story: Mark Silva at firstname.lastname@example.org.
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.