Mitt Romney Net Worth is$250 Million
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Mitt Romney Net Worth

Mitt Romney Net Worth is $250 Million. Mitt Romney is the former Governor of Massachusetts, a former Mormon missionary, and businessman, with an estimated net worth of $250 millio...[read more]

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Profession: Politician, Businessperson
Date of Birth: Mar 12, 1947
Nicknames: Willard Mitt Romney
Country: United States of America

What is Mitt Romney Net Worth?

How much is Mitt Romney Net Worth?

How much is Mitt Romney Salary?

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!

Flash News about Mitt Romney

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A story in The Hill on Friday had identified the trio as Sens. Lisa Murkowski of Alaska, Susan Collins of Maine and Mitt Romney of Utah -- lawmakers who’ve each opposed Trump from time to time from ...
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Sen. Mitt Romney questions administration official about withholding aid to Lebanon

SALT LAKE CITY — Members of a Senate panel, including Sen. Mitt Romney, wanted to know Wednesday why the White House only last week released military aid to Lebanon that had languished for months ...
Posted: December 7, 2019, 7:07 am

Can Arizona trade one (or both) of our U.S. senators for Mitt Romney?

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Posted: December 6, 2019, 11:45 am

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