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Mitt Romney's wealth raises new questions

Published: Monday, Aug. 15 2011 8:41 a.m. MDT

Republican presidential candidate Mitt Romney filed his mandatory financial disclosure Friday with the Federal Election Commission. The 28-page document estimates the value of his assets as between $85 and $264 million, but Romney's campaign clarified for the Boston Globe shortly before filing the report that the candidate's actual net worth is between $190 and $250 million — a range that Politico subsequently confirmed, and that is identical to what Team Romney released during the 2008 presidential campaign.

The Wall Street Journal analyzed why Romney's personal wealth — which exceeds that of Pres. Barack Obama and all other Republican presidential candidates — may morph into a campaign issue in the coming months.

"While Mr. Romney's latest report hasn't caused the same stir his first did four years ago, his personal wealth has the potential to become a focus in the campaign. Democrats are trying to paint him as an out-of-touch millionaire. Tim Pawlenty, a fellow Republican, also took a dig at Mr. Romney's wealth in the debate Thursday night when he joked that he would only mow the first acre of his rival's lawn."

Because Romney is now reporting his net wealth in the same broad range as four years ago, it's impossible to know precisely how much Romney's fortune has fluctuated during that time. An ABC News analysis of the financial disclosure, though, gleaned the following details about the candidate's holdings:

The long list of companies in which Romney invests between $50,000 and $100,000 include Apple and rival Microsoft, General Electric, Google and sports giant Nike.

The former Massachusetts governor earned $113,000 in a director's fee for his spot on the board at Marriott International.

A total of eight speaking engagements — speeches were delivered to bankers and students, primarily — garnered Romney more than $370,000.

The filing also shows that Romney has somewhere between $250,000 and $500,000 in a Bank of America account and has the same amount in gold.

He earned between $100,000 and $1 million from his book "No Apology," earnings that were all donated to charity.

Romney owns between $250,000 and $500,000 in horses.

In addition, the Romneys still have a trust for their children and grandchildren valued at roughly $100 million, the Romney campaign said. Mitt and Ann Romney are not beneficiaries and, therefore, not required to disclose this. But it exists in addition to the other money.

EMAIL: jaskar@desnews.com twitter: askargo

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