GOP presidential candidate-apparent Mitt Romney is worth $230 million, according to Forbes, which pegs the figure in an article slated to appear in the June 4, 2012, issue of
Forbes magazine.
Forbes relied on U.S. government ethics disclosure forms from 2007 and 2011 and “high-level Romney officials” to arrive at the figure, which Forbes says would be even higher had Romney not set aside a trust for his five sons valued at $100 million.
Forbes focused on assigning a value to blind trusts, IRAs, and various holdings and — with a nod toward price fluctuations in any given category — arrived at the $230 million.
The breakdown? His debt securities, consisting of $36 million worth of Federal Home Loan Banks consolidated obligations and about $10 million worth of structured notes from Goldman Sachs and BNP Paribas, accounted for an eye-widening $91 million.
Next in line is about $52 million from a retirement package garnered from Bain Capital. Here are the rest of Romney’s assets in descending order of value, according to Forbes:
- “Alternative investments” worth $29 million
- Mutual funds and ETFs valued at $23 million
- Real estate holdings pegged at $18 million
- $16 million in cash
- Individual equities — $600,000
- Transportation — defined as horses and vehicles — $425,000
- Gold: $260,000
Forbes analyzed 184 assets in total for the net worth figure. Benchmark indexes were used for nonmarketable assets. And real estate values were based on current market values.
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