Mitt Romney Net Worth: What Is The Net Worth of American Politician And Businessman Mitt Romney?
Mitt Romney Net Worth
American politician and businessman Mitt Romney has a fortune estimated at $300 million. Former Massachusetts Governor Mitt Romney was a Mormon missionary, the 2012 Republican contender for President, and a Senator from Utah as of 2019.
Mitt Romney’s fortune places him among the country’s wealthiest elected officials. His net worth was estimated to be between $80 million and $255 million by Romney’s financial disclosure papers during the 2012 presidential campaign; his IRA account alone was worth $102 million at the time. At the end of 2018, he had an estimated fortune of between $190 and $250 million.
As a member of the Church of Jesus Christ Of Latter-day Saints, Mitt Romney has given millions of dollars to a number of charities, including the Tyler Foundation (owned by the Romney family), MS Cure, and the Best Friends Foundation.
President Mitt Romney is also a best-selling book, having published “Turnaround,” “No Apology,” and “The Case for American Greatness” between 2004 and 2010.
Mitt Romney Early Life And Education
Willard Mitt Romney was born in Detroit, Michigan, on March 12, 1947, and became Mitt Romney after he graduated from high school. George (who was born in a Mormon colony in Mexico) was an automobile executive and his mother, Lenore, was a housewife.
Since his father, George, was CEO of American Motors, the family relocated to Bloomfield Hills in 1953, where Mitt grew up with two elder sisters (Margo and Jane) and an older brother (Scott). Romney attended Cranbook School, a private boys’ preparatory school, where he was a member of the cheer squad and the cross-country running team in addition to managing the hockey team.
Mitt worked assisted with George’s Michigan gubernatorial campaign while he was in high school; George served as Michigan’s governor from 1963 to 1969 and unsuccessfully competed for the Republican Party’s presidential nomination in 1968.
After graduating from high school, Mitt went to Stanford University before embarking on a missionary tour to France in July 1966. During an automobile accident in southern France, the mission president’s wife was murdered, and he was left with critical injuries.
In 1971, Romney graduated from Brigham Young University with a Bachelor of Arts in English after returning from a mission journey to the United States.
He then went on to Harvard Law School and the Graduate School of Business Administration, where he earned his Juris Doctor and Master of Business Administration degrees, respectively, in 1975. He was in the top five percent of his class in both schools.
Mitt Romney Business Career
In 1975, Romney began working as a management consultant for the Boston Consulting Group. Three years later, in 1977, he went on to Bain & Business and was promoted to the position of vice president of the company the following year.
In 1984, he parted ways with Bain & Company to launch an offshoot private equity business that would later be known as Bain Capital. Leveraged buyouts were the key to Bain Capital’s success during the subsequent quarter of a century.
When Romney finally decided to walk away from Bain Capital after 25 years of service, the company managed more than $4 billion in assets, and Romney had amassed personal fortune in the hundreds of millions of dollars.
Mitt Romney Political Career
In 1994, Mitt made a failed bid for the Senate seat in his home state of Massachusetts. He faced up against Ted Kennedy, who had served in the Senate continuously since 1962. In the same year that he was elected Governor of Massachusetts, he also served as the Chairman of the Olympic Games Committee for Salt Lake City in 2002.
He was in office from 2003 to 2007, although he turned down the $130,000 yearly salary that came with the position. John McCain was able to secure the Republican nomination for president in 2008, while Mitt Romney came in second place.
Romney ran for president once more in 2012, this time selecting Paul Ryan to be his running mate and successfully earning the nomination. However, Barack Obama was re-elected with 332 electoral votes to Romney’s 206 votes. In 2018, Mitt ran for the Senate once again, this time in Utah, and he was successful, receiving 62.6 percent of the vote.
Romney has been quite vocal in his hatred of Donald Trump, and the former presidential candidate claims that rather than voting for Trump in 2016, he placed a write-in ballot for his cherished wife Ann. Romney has stated that he will not vote for Trump to be re-elected, and during Trump’s impeachment trial, he was the only Republican senator who voted to convict Trump, which earned him accolades from Democrats.
Romney has stated that he will not support Trump’s re-election. Mitt Romney was following in the footsteps of his father, who had participated in civil rights marches in the late 1960s when he was governor, and Trump made fun of Romney for attending a Black Lives Matter rally in June of 2020. Mitt was doing what his father had done in the late 1960s when he was governor.
Mitt Romney Real Estate
Mitt and his wife have amassed a significant personal real estate holdings over the years. At least six of their properties are located in different parts of the country.
They purchased a seaside property in La Jolla, California for the price of $12 million in the year 2008. They demolished the house and constructed a palatial residence with 8,000 square feet of living space on the land. They sold the home in July of 2021 for a price of $23.5 million.
They also possess a home in Boston, Massachusetts, a mansion in Park City, Utah, which is valued at $9 million, an 11-acre property in New Hampshire, which is valued at $10 million, and
Mitt Romney Personal Life
During the summer of Romney’s senior year in high school (1965), he proposed to his girlfriend Ann Davies.
They wed on March 21, 1969, a few months after Mitt returned from a mission trip in France that lasted for two and a half years; the couple wed in a civil ceremony at Ann’s home, then flew to Utah the next day for a wedding ceremony at the Salt Lake Temple. They had been together for nearly three years.
Taggart Romney was born in 1970, Matthew Romney was born in 1971, Joshua Romney was born in 1975, Benjamin Romney was born in 1978, and Craig Romney was born in 1978. (1981). In 1998, Ann was given a diagnosis of multiple sclerosis; in 2017, Mitt was given a diagnosis of prostate cancer, which was successfully treated at UC Irvine Hospital in California.
Mitt has served the Church of Jesus Christ of Latter-day Saints in a number of capacities, including as a teacher at the seminary, bishop of the ward, and president of the Boston Stake. In 1966, when Mitt was serving a mission, Ann underwent a conversion experience that led her to become a Mormon, and her baptism was performed by Mitt’s father.
Mitt Romney Awards And Honours
In 2008, Romney was honoured with two awards: the Canterbury Medal, which was given to him by the Becket Fund for Religious Liberty; and the Distinguished Alumni Award, which he got from the Cranbrook School.
In addition, he holds honorary doctorates in business from the University of Utah, law from Bentley College, public administration from Suffolk University Law School, public service from Hillsdale College, and humanities from Liberty University, as well as from a number of other universities. In 2012, the magazine “Time” named Mitt Romney one of the world’s 100 most important people and placed him on their list.