Tags: romney | net | worth | forbes

Forbes: Mitt Romney Worth $230 Million

Wednesday, 16 May 2012 02:33 PM

By David Alliot

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

US Hikes Fees for Renouncing Citizenship

Sunday, 31 Aug 2014 22:22 PM

The United States has more than quadrupled the fee to renounce citizenship as record numbers of citizens file to become  . . .

Rabbi Boteach: New York Times Censored Our Anti-Radical Islam Ad

Sunday, 31 Aug 2014 22:13 PM

The New York Times has censored an advertisement taken out by the pro-Jewish group This World: The Values Network, its e . . .

Report: Doctors Bringing Joan Rivers Out of Medical Coma

Saturday, 30 Aug 2014 18:19 PM

Comedian Joan Rivers, who went into cardiac arrest at a doctor's office, was being brought out of her medically induced  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved