Mitt Romney Net Worth is$250 Million
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Profession: Politician, Businessperson
Date of Birth: Mar 12, 1947
Nicknames: Willard Mitt Romney
Country: United States of America
Mitt Romney is the former Governor of Massachusetts, a former Mormon missionary, and businessman, with an estimated net worth of $250 million dollars. That net worth makes him one of the richest politicians in the United States and by far the richest 2012 Presidential candidate. Mitt Romney began his career as a consultant with the Boston based Bain & Company. He eventually left Bain & Company to form an offshoot private equity firm called Bain Capital. Bain Capital made a fortune through leveraged buyouts which is when a firm issues large amounts of debt in order to take over another corporation. The new owners in theory are able to run the company more efficiently and increase the value of the corporation to an amount that exceeds the original debt that was issued to buy it. Then the company is sold, the debt is paid off and the people behind the leveraged buyout keep whatever profits are leftover. In 25 years, by the time Romney left Bain Capital, they had over $4 billion under management and Romney himself had pocketed $250 million in personal wealth. On January 24, 2012 Mitt released his tax records for the years 2010 and 2011. In those disclosures, Romney revealed that he earned $42.7 during those two years and paid $6.2 million. More specifically he earned $21.7 million in 2010 and paid $3 million in federal taxes, and $21 million in 2011 and paid $3.2 million in taxes. These disclosures reveal Mitt's tax rate is 14%. His rate is so low because his income comes from capital gains on investments. Capital gains are typically taxed at 15% instead of 35% for regular earnings. Mitt also served as the Chairman of the 2002 Salt Lake City Olympic Games Committee. According to his campaign disclosures, in 2010 Romney earned an estimated $9.3 million through speaking engagements, investments, pensions, and other holdings. He also donated $4.3 million to the Mormon Church out of a total of $5.9 million in donations. Check out Mitt Romney's house - a $12 million beach front La Jolla mansion that he's planning to tear down and quadruple in size!
Willard Mitt Romney (born March 12, 1947) is an American businessman and politician. He was the 70th Governor of Massachusetts from 2003 to 2007 and is a candidate for the 2012 Republican Party presidential nomination.
The son of George W. Romney (the former Governor of Michigan) and Lenore Romney, Mitt Romney was raised in Bloomfield Hills, Michigan, and later served as a Mormon missionary in France. He married Ann Davies in 1969 and they have five children. He received his undergraduate degree from Brigham Young University, and then earned a joint JD and MBA from Harvard University. Romney entered the management consulting business, which led to a position at Bain & Company. Eventually serving as CEO, Romney brought the company out of crisis. He was co-founder and head of the spin-off company Bain Capital, a private equity investment firm that became highly profitable and one of the largest such firms in the nation. His wealth helped fund most of his future political campaigns. Active in his church, he served as ward bishop and later stake president in his area. He ran as the Republican candidate in the 1994 U.S. Senate election in Massachusetts, losing to long-time incumbent Ted Kennedy. Romney organized and steered the 2002 Winter Olympics as head of the Salt Lake Organizing Committee, and helped turn the troubled games into a financial success.
Romney was elected Governor of Massachusetts in 2002 but did not seek re-election in 2006. He presided over a series of spending cuts and increases in fees that eliminated an up to $1.5 billion deficit. He also signed into law the Massachusetts health care reform legislation, which provided near-universal health insurance access via subsidies and state-level mandates and was the first of its kind in the nation. During the course of his political career, his positions or rhetorical emphasis have shifted more towards American conservatism in several areas.
Romney ran for the Republican nomination in the 2008 U.S.

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Mitt Romney Latest News

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Posted: November 14, 2019, 8:43 am

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Do BYU, Utah agree with Mitt Romney on pay for college athletes?

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Posted: November 15, 2019, 8:39 pm

Will Deval Patrick face same scrutiny Mitt Romney did for ties to Bain Capital?

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Posted: November 15, 2019, 6:02 am

Donald Trump Jr. Names Mitt Romney His Favorite Democrat, Says He's 'Entitled' to Hit Back Against Critics

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Posted: November 5, 2019, 6:43 am
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