Mitt Romney, the former governor of Massachusetts, is in the news these days for being the wealthiest senator in America. He recently changed his location on Twitter from Massachusetts to Holladay, Utah which caught a lot of media attention. Wondering why?
Well, the former governor might run for the Senate elections from that seat after it gets vacated by Orrin Hatch. Mitt was the 70th governor of Massachusetts, and his tenure started in 2003 and ended in 2007. Let’s have a close look at the net worth of Mitt Romney in the year 2019.
Early Life & Biography:
Willard Mitt Romney is an American politician and businessman. He was born in Detroit, Michigan on March 12, 1947. Mitt Romney ran for the United States presidency two times (2008 and 2012) but lost both times. As his name indexes, he hails from the famous Romney family of the U. S. His successful stint as the president of the Salt Lake Olympics committee made him enter politics again after losing to Tedd Kennedy in the Massachusetts Senate elections. In early 2000, he came back to active politics and eventually went on to become the governor of Massachusetts in 2003. This former governor did his bachelor’s from Brigham University and later on did his JD-MBA from Harvard University.
Mitt Romney belongs to a royal family. He married Ann Davies in 1969. Mitt has five children, and his son Tagg Romney is a famous venture capitalist and political advisor. Apart from politics and business, Mitt was quite active in the Church of Jesus Christ of Latter-day Saints, and surprisingly even served as the Bishop of his ward for a while.
Career, Awards, & Nominations:
After doing his MBA, Mitt Romney started his career as a Management Consultant at Bain & Company. Later, during his stint as the CEO (chief executive officer) at Bain, he ushered the company out of financial crisis and proved his entrepreneurial acumen in the business world. Mitt stepped down from this role and tried to enter politics in 1994 but lost to Ted Kennedy in the Massachusetts elections for the US Senate.
He also contested as the Republican candidate against Barak Obama in 2012 but lost to the incumbent President by 332-206 in the United States general election.
As for his business and political prowess, Time magazine included him in the list of 100 most influential people of the world in 2012.
In the year 1984, Mitt Romney abdicated as the CEO of Bain and Company and co-founded a private equity investment firm, with the name Bain Capitals. This move turned out to be the best in his business career, and Bain Capitals went on to become one of the best venture capitalist firms.
Net Worth & Earnings:
Although Mitt Romney joined Bain and Company as a management consultant, he soon reached the post of CEO because of his astute business sense. His net worth is said to be over $280 million, and he is one of the wealthiest politicians in the US. Mitt earned his fortune majorly from being the head of the venture capitalist firm, Bain Capital.
He also earns through his speeches at banks and elsewhere. Mitt Romney is said to be making 5 to 6 digits amounts from these speeches at banks of US and various other countries. This net worth of over $280 million also includes the value of apartments he owns in Kansas, Maryland and various other places.
This former governor had a very successful stint as the CEO of Bain & Company, but that has not been the case with his political career. It’s good to see such a successful businessman abandon his business and come forward for public service. Mitt Romney has done an excellent service to the nation by leading the Salt Lake Olympics Organizing Committee.