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McAuliffe's Wealth Comes Into Focus (Sort of)

Tim Craig

Terry McAuliffe, a Democratic candidate for governor, has filed a financial disclosure form, according to the Virginia Public Access Project.

The documents show McAuliffe has a net worth of at least $5.8 million. But McAuliffe is likely worth considerably more because candidates in Virginia do not have to report the exact value of an investment that tops $250,000.

McAuliffe reports 21 investments of at least $250,000. McAuliffe also has six investments whose value range from $50,001 to $250,000 and six whose value range from $10,001 to $50,000

According to published reports, McAuliffe is likely worth at least of tens of millions of dollars. As the campaign unfolds, how McAuliffe made his fortune will likely become a big part of the debate.

By comparison, Democratic candidate Brian J. Moran has only two investments whose value range from $50,001 to $250,000. Moran also reports one asset of between $10,000 and $50,000.

Sen. R. Creigh Deeds (D-Bath), also a candidate for the nomination, reports two investments whose value range from $10,001 to $50,000.

By Tim Craig  |  February 13, 2009; 11:19 AM ET
Categories:  2009 Governor's Race , Creigh Deeds , Terry McAuliffe , Tim Craig  
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Comments

What any of the candidates are worth isn't the point, what a waste of time! Who can create jobs in Virginia? That's the point. I believe that McAuliffe mad his $ creating jobs. That's a good reason to vote for him. duh

Posted by: Jasper5 | February 13, 2009 2:14 PM | Report abuse

Jasper5 - Are you kidding? Google "Global Crossing" for the real story. Terry McAuliffe made $18 MILLION dollars on a $100,000 investment while the company crashed and burned. Ask the former employees of Global Crossing if they think Terry McAuliffe creates jobs . . .

Posted by: pfallsgirl | February 13, 2009 2:27 PM | Report abuse

I keep thinking he'd make a great Commerce Secretary, and I'm not kidding. One big qualification is to have bonhomie and skill at glad-handing, as well as comfort with American and foreign business people and governments. The Commerce Secretary is selling Brand USA, and we could use a good salesman. It also doesn't hurt if the Commerce Secretary gets along well with the Secretary of State. This could really help the country and what helps the country, helps Virginia.

Posted by: fairfaxvoter | February 13, 2009 3:23 PM | Report abuse

McAuliffe has mismanaged what, three presidential campaigns. Yet, he thinks he can roll into Virginia with a wad of cash and political favors and buy votes. It won't work. McAuliffe is a jerk looking for a place to land, and he has tried this schtick before, with bad results. He wants to be somebody so badly, apparently his money isn't enough for him to enjoy life, and his banishment from the DNC has hurt his ego.

Posted by: jacksquat100 | February 13, 2009 4:24 PM | Report abuse

I agree on him being a good Commerce Secretary choice. Anything to keep him from being the VA governor.

Posted by: mateo_md | February 13, 2009 5:05 PM | Report abuse

Hmmmm, I do not like the idea of McAuliffe as Governor but I'm not so sure about the Commerce idea either, unless he's willing to relinquish his corporatist past. I share your utter disdain for the idea of McAuliffe as our Democratic nominee for Governor---what a travesty for our Party on the rise, and for Virginia, that would be.

Posted by: DouginMountVernon | February 13, 2009 5:38 PM | Report abuse

Commerce Secretary? Governor? The man fleeced investors with a little inside no no at Global Crossing. Are you guys insane or what. He just didn't get caught. That's how he made his tens of millions initially.

Posted by: zcxnissan | February 13, 2009 8:33 PM | Report abuse

All: how do you suggest, then, that our party win the gubernatorial race if the RNC is pumping all it is worth into McDonnell's campaign? No offense to anyone here, as you all make articulate points, but does it make sense that arguing that McAuliffe is "buying" the office is not only asinine but counterproductive?

Pfallsgirl: How does a personal investment account have anything to do with attracting out-of-state business? Try looking at his work with interstate and international business and see if he had any hand in expanding it. That would be a better litmus test.

Posted by: robsmithiii | February 15, 2009 4:39 PM | Report abuse

The other funny thing is that claims over McAuliffe committing any wrongdoing with respect to his shares are arbitrary at best. He sold well before signs of turmoil and claims of insider info are just hyped speculation; there literally is no proof of it and clearly no evidence proffered for a litigation or criminal claim. How do you assert your allegations?

Posted by: robertjsmithiii | February 16, 2009 12:55 PM | Report abuse

For a tested leader, one who has proven that he can do well again Bob McDonnell in a state wide race... Sen.(he didn't quit..) R. Creigh Deeds.

Posted by: rgshaw | February 17, 2009 8:59 AM | Report abuse

jacksquat100 - McAuliffe mismanaged three presidential campaigns? Which three would those be? You have no idea what you're talking about. All of the random accusations into Global Crossing are also without merit. Come on guys - get off the McAuliffe hate wagon and start looking into the policies of the candidates.

Posted by: UVANick | February 17, 2009 11:06 AM | Report abuse

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