Mitt Romney isn't the richest person to ever run for President—Ross Perot had him beat by a factor of ten. And if he’s elected, inflation adjustments might favour sprawling plantation owners like Washington and Jefferson, or Kennedy if family assets counted. But there’s no denying that in terms of total dollars a President Romney would be the wealthiest White House occupant ever. So just how rich is he?
Forbes spent the past month trying to answer that question definitively. The core basis for our valuation comes from Romney himself—specifically, the US Office of Government Ethics disclosure forms, which he filed in August 2007 and August 2011, plus discussions with high-level Romney officials familiar with specific changes to his holdings since that last report. Of course, those disclosures, taken at face value, are about as concrete as a campaign promise, with vague asset ranges (“$1 million to $5 million”) and definitions.Bain Alternative Investments
(This story appears in the 22 June, 2012 issue of Forbes India. To visit our Archives, click here.)
I thought elected officials conducted their investments through blind trusts. Are Romney's and Obama's equity related investments conducted or managed through blind trusts or not?
on Jun 20, 2012