Political Portfolios
By Bob Frick, Senior Editor
From Kiplinger's Personal Finance magazine, January 2008
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MITT ROMNEY
NET WORTH: $190 million to $250 million
PORTFOLIO: Stocks, real estate, mutual funds.
The richest of all the candidates, Mitt Romney is worth between $190 million and $250 million. Like the Clintons, he has investments in a blind trust that don't match his political philosophy.
Romney, a former governor of Massachusetts, made his millions mostly with a venture-capital company he co-founded in 1984. Bain Capital, a spinoff of a management-consulting firm where Romney had worked since 1978, helped finance retailers Brookstone and Staples, plus Domino's Pizza and dozens of other companies. Since 2003, most of his fortune has been in blind trusts, which include blue-chip stocks, domestic and international real estate, and mutual funds.
Unlike Clinton, Romney isn't liquidating his portfolio to prove he's politically correct. Instead, he's said that the blind trusts' trustee "will endeavor to make my investments conform to my positions." The trustee, R. Bradford Malt, has said he's sold shares of stock in French and Italian energy companies that had business ties to Iran.
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