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Mitt Romney Net Worth, Political Career, Biography, Personal Life & More

American politician and businessman Mitt Romney has a $300 million fortune. In addition to serving as the 2012 Republican nominee for president, Mitt Romney is a former governor of Massachusetts, a former Mormon missionary, and, as of 2019, a senator from Utah.

One of the wealthiest politicians in the United States, according to Mitt Romney’s net worth. Romney’s total net worth was estimated to be between $80 and $255 million during his 2012 presidential campaign; at the time, the value of his IRA account alone was $102 million. According to the financial disclosure for his 2018 Senate campaign, he was worth between $190 and $250 million.

Millions of dollars have been given by Mitt over the course of his life to The Church of Jesus Christ of Latter-day Saints as well as a number of nonprofit organisations, such as the Tyler Foundation (which the Romneys run), MS Cure, and the Best Friends Foundation. In 2004 and 2010, respectively, Romney released two books that became best-sellers: “Turnaround: Crisis, Leadership, and the Olympic Games” and “No Apology: The Case for American Greatness.”

Mitt Romney Age: 75 years

Mitt Romney Height: 1.87 m

Mitt Romney Net Worth: $300 million

Mitt Romney Wife: Ann Romney (m. 1969)

Mitt Romney Children: Tagg Romney, Ben Romney, Matt Romney, Craig Romney, Josh Romney

Mitt Romney Early Life and Education

On March 12, 1947, in Detroit, Michigan, Willard Mitt Romney was given the name Mitt Romney. Lenore, his mother, was a stay-at-home mom, and George, his father (who was born in a Mormon colony in Mexico), was a top executive in the auto industry. Margo and Jane were Mitt’s two older sisters, and Scott was his older brother. The family moved to Bloomfield Hills in 1953 when George was appointed CEO of American Motors. Romney attended public schools up until the seventh grade before transferring to Cranbook School, a private boys’ prep school, where he oversaw the hockey team and participated in the cross-country running team and pep squad.

Mitt participated in George’s Michigan gubernatorial campaign while still in high school. George was Michigan’s governor from 1963 to 1969 and unsuccessfully ran for president of the United States in 1968.

After graduating from high school, Mitt attended Stanford University before embarking on a missionary trip to France in July 1966. When a car struck the car he was driving in southern France in June 1968, the mission president’s wife was killed and he suffered serious injuries. After his mission trip, Romney enrolled in Brigham Young University in Utah and graduated with a Bachelor of Arts in English in 1971. He later enrolled in Harvard’s dual-degree programme for a law degree and a master’s in business administration, from which he eventually graduated in 1975. He earned a cum laude from Harvard’s law school and placed in the top 5% of his business school class.

Mitt Romney Business Career

Romney began his career as a management consultant with the Boston Consulting Group in 1975. He later transferred to Bain & Company in 1977 and was named a vice president of the organisation the following year. In 1984, he broke away from Bain & Company to found Bain Capital, a spinoff private equity company. Leveraged buyouts helped Bain Capital make a fortune over the following 25 years. After 25 years of employment, Romney left Bain Capital with the company managing more than $4 billion and having amassed hundreds of millions of dollars in personal wealth.

Mitt Romney Political Career

Ted Kennedy, who had served in the Senate since 1962, defeated Mitt in his unsuccessful 1994 bid for the Massachusetts Senate seat. He was elected Governor of Massachusetts the same year he served as Chairman of the 2002 Salt Lake City Olympic Games Committee; he held office from 2003 to 2007 and declined to accept the $130,000 annual salary. In the 2008 election, Romney sought the Republican nomination but was defeated by John McCain. Obama won reelection in 2012 with 332 electoral votes to Romney’s 206, and Romney ran again with Paul Ryan as his running mate. In 2018, Mitt ran for the Senate once more, this time in Utah, where he received 62.6% of the vote.

Romney has been vocal in his criticism of Donald Trump, and he claims to have voted for his cherished wife Ann as a write-in candidate in 2016. Romney has declared that he won’t back Trump’s re-election, and he was the only Republican senator to vote in favour of Trump’s conviction during his impeachment trial, earning praise from Democrats. Trump made fun of Romney in June 2020 for taking part in a Black Lives Matter demonstration; Mitt was carrying on the legacy of his father, who had marched in civil rights demonstrations in the late 1960s while he was governor.

Mitt Romney Real Estate Portfolio

A valuable personal real estate portfolio is owned by Mitt and his wife. They have at least six properties spread out across the nation. They purchased a beachfront mansion in La Jolla, California, for $12 million in 2008. On the plot, they demolished the house and constructed an 8,000 square foot mansion. They sold this house for $23.5 million in July 2021. In addition, they have a $9 million mansion in Park City, Utah, an 11-acre New Hampshire estate worth $10 million, and a townhouse in Boston, Massachusetts.

Mitt Romney Personal Life

During his senior year of high school in June 1965, Romney became engaged to Ann Davies. A civil ceremony was held at Ann’s home on March 21, 1969, a few months after Mitt returned from a 2 1/2-year missionary assignment in France. The following day, they flew to Utah for a wedding ceremony at the Salt Lake Temple. Taggart was born in 1970, Matthew in 1971, Joshua in 1975, Benjamin in 1978, and Craig in 1990. (1981). Ann was given a multiple sclerosis diagnosis in 1998, and Mitt received a prostate cancer diagnosis in 2017 that was successfully treated at the Californian UC Irvine Hospital.

Mitt has served in a variety of capacities within The Church of Jesus Christ of Latter-day Saints, including as a seminary instructor, ward bishop, and Boston Stake president. While Mitt was on his mission trip in 1966, Ann converted to Mormonism and was baptised by his father.

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