Romney's Riches Finally Go Public
After two delays, the wealthiest candidate in the presidential race, Republican Mitt Romney, is finally disclosing the assets in the blind trust he formed when he became Massachusetts governor back in 2002. The Romney campaign is bracing for scrutiny of several investments in companies incorporated overseas, arranging for a lawyer to brief reporters prior to the release of documents this afternoon.
Presidential candidates were required to disclose their financial assets to the Federal Election Commission on May 15, but Romney sought two extensions to give his advisers more time to go through the assets of the blind trust. The campaign estimated in May that his net worth would fall between $190 million and $250 million, making him the richest candidate in the field. Romney would lose that distinction, however, if New York City Mayor Michael Bloomberg, a billionaire, jumps into the race as an independent.
The Romney campaign is set to note that Romney himself will learn about the investments in his blind trust for the first time when it is made public.
--John Solomon
Posted at 10:50 AM ET on Aug 13, 2007
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