Saturday, August 13, 2011

Romney's Financial Disclosure Report

Mitt Romney, the Republican frontrunner to challenge President Barack Obama in the 2012 election, reported a net worth up to $264 million Friday.

Romney's office said his financial disclosure report showed assets valued at between $85 million to $264 million, but added "a more accurate range is between $190 (million) to $250 million."
Romney, a former head of private equity firm Bain Capital and an ex-governor of Massachusetts, contributed tens of millions of dollars to his failed 2008 campaign for the Republican presidential nomination.

Romney's investments are in areas including consumer staples, energy, financial, health care, industrial companies, information technology and communications, his office said.
Romney raised more than $18 million in the second quarter for his presidential nomination bid. Still, Obama and the Democratic National Committee raised about $86 million in the same period.

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