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Jon Huntsman Jr. reboots, reports net worth

Published: Saturday, Sept. 10 2011 10:00 a.m. MDT

Jon Huntsman

Associated Press

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Jon Huntsman Jr. is reallocating campaign resources from Florida to New Hampshire.

Politico reported Friday that "(a) source said Huntsman is 'running on fumes' and that the candidate had to put $500,000 of his money into the campaign recently to help make payroll. … In a sign that Huntsman is facing increasing urgency and a financial crunch, he's also moving some staffers from his Orlando campaign operation up to New Hampshire — a state he must show life in to go forward."

The Atlantic published an op-ed piece Friday by Mickey Edwards titled "The Case for Jon Huntsman."

"While (Mitt) Romney might meet the test of credibility as a potential president, Huntsman does, too, and has other advantages. For one thing, while every candidate will put forth a plan to stimulate hiring and strengthen the economy, Huntsman, alone among the announced Republican candidates, has a serious understanding of the lurking international challenges America faces."

Also Friday, the Federal Election Commission released a financial disclosure in which Huntsman reports his net worth as between $16 million and $105 million.

In combing through the document, Politico's Kenneth Vogel notes that Huntsman owns "at least $5 million in stock in his family's chemical company" and "owes between $1.1 million and $5.3 million, primarily in the form of an 'installment loan' to Zions First National Bank … from which Huntsman previously borrowed more than $500,000 to fund his two successful Utah gubernatorial campaigns."

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