From Deseret News archives:

Bennett's wealth levels after years of decline

Inn ownership burdened senator; it sold this month

Published: Tuesday, Aug. 16, 2005 8:58 p.m. MDT
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He also made between $231,500 and $1.2 million from dividends, capital gains and interest on various investments, and earned between $189,000 and $610,000 in sales of stock. It appears, however, that much of that money was reinvested in other stock, based on the $242,000 to $680,000 in stock purchases he made — many on the same days he sold stock.

Bennett came into the Senate in 1992 with an estimated personal wealth of more than $30 million, one of the highest among congressmen. Much of that money was because of his involvement with Franklin (now FranklinCovey), of which he was president, but he sold the stock and invested in companies that he had no day-to-day control over because of Senate ethics rules. Many of those companies were start-ups that failed to grow to their potential.

The disclosure forms do not reflect houses and cars owned by the senator, which includes a home in Washington, D.C., and the recently remodeled Bennett family house in the upper Avenues of Salt Lake City. The home was built by his father, the late U.S. Sen. Wallace Bennett.


E-mail: jloftin@desnews.com

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