Mitt Romney Net Worth 2022: Is He The Fifth Wealthiest Member Of Congress?
Mitt Romney Net Worth: Willard Mitt Romney is an American politician, businessman, and lawyer born on March 12, 1947. He has served as the junior senator for Utah in the United States Senate since January 2019, succeeding Orrin Hatch in that position. He was elected as the 70th governor of Massachusetts in 2003 and served until 2007.
In 2012, he ran as the nominee of the Republican Party for president of the United States but came in second place to Barack Obama, who was serving as president at the time. He was born in Bloomfield Hills, Michigan, to parents George and Lenore Romney, and he served as a Mormon missionary in France for more than two years.
Mitt Romney Early Life
Willard Mitt Romney was born in Detroit, Michigan, on March 12, 1947. This is where Mitt Romney grew up. His mother, Lenore, was a housewife, and his father, George, was an auto executive. George was born in a Mormon colony in Mexico. Mitt grew up with two older sisters, Margo and Jane, and an older brother, Scott.
In 1953, when George became CEO of American Motors, the family moved to Bloomfield Hills. Romney went to public schools until the seventh grade. After that, he went to Cranbook School, a private boys’ prep school, where he managed the hockey team and ran cross-country and the pep squad.
Mitt helped George with his campaign for governor of Michigan when he was in high school. George was governor of Michigan from 1963 to 1969 and ran unsuccessfully for president as the Republican Party’s nominee in 1968. Mitt went to college at Stanford after high school.
In July 1966, he went to France on a missionary trip. In June 1968, a car crashed into the car he was driving in southern France. The mission president’s wife was killed in the accident. After his mission trip, Romney returned to the U.S. and went to college at Brigham Young University in Utah, where he got a B.A. in English in 1971.
Later, he went to Harvard to earn a Juris Doctor and a Master of Business Administration. He graduated in 1975 with honours from Harvard’s law school and was in the top 5% of his business school class.
Mitt Romney’s Personal Life
During his senior year of high school, Romney got engaged to Ann Davies in June 1965. They married on March 21, 1969, a few months after Mitt returned from a two 1/2-year mission trip in France. They had a civil ceremony at Ann’s house and flew to Utah the next day for a religious ceremony at the Salt Lake Temple.
Taggart was born in 1970. Matthew, who was born in 1971; Joshua, who was born in 1975, Benjamin, who was born in 1978. And Craig (1981). Ann was diagnosed with multiple sclerosis in 1998, and Mitt was treated successfully for prostate cancer at UC Irvine Hospital in California in 2017.
Mitt has had many jobs in The Church of Jesus Christ of Latter-day Saints, such as teaching in the seminary, being the bishop of the ward, and being the president of the Boston Stake. Mitt went on a mission trip in 1966, and Ann became a Mormon and was baptized by Mitt’s father.
Mitt Romney Career
Romney started working as a management consultant for the Boston Consulting Group in 1975. He then moved to Bain & Company in 1977 and became a vice president the following year. In 1984, he left Bain & Company to start a new company called Bain Capital.
Over the next 25 years, leveraged buyouts made Bain Capital a lot of money. Romney worked at Bain Capital for 25 years. When he left, the company managed more than $4 billion, and Romney had made hundreds of millions of dollars for himself.
Mitt ran for the Senate in Massachusetts in 1994, but Ted Kennedy, who had been in the Senate since 1962, beat him. He was the Chairman of the Salt Lake City Olympic Games Committee in 2002. That same year, he was elected Governor of Massachusetts. He was in office from 2003 to 2007 but didn’t take the $130,000 salary.
Romney ran for the Republican president in 2008, but John McCain beat him. Romney ran again in 2012 with Paul Ryan as his running mate. He won the nomination, but Barack Obama was re-elected with 332 electoral votes to Romney’s 206. Mitt ran for the Senate again in 2018, this time in Utah. He won with 62.6% of the vote.
Romney has spoken against Donald Trump, and Mitt says he didn’t vote for Trump in 2016. Instead, he wrote to his beloved wife, Ann. Romney has said that he won’t vote for Trump’s re-election, and he was the only Republican senator to vote to convict Trump during his impeachment trial, which earned him praise from Democrats.
In June 2020, Trump made fun of Romney for participating in a Black Lives Matter protest. Mitt was like his father, who was governor in the late 1960s and participated in civil rights marches.
Mitt Romney’s Net Worth
American businessman and politician Mitt Romney has a net worth of $300 million. Mitt Romney was the governor of Massachusetts, a Mormon missionary, and the Republican nominee for president in 2012. As of 2019, he is also a senator from Utah.
According to his net worth, Mitt Romney is one of the wealthiest politicians in the United States. During his 2012 presidential campaign, Romney’s financial disclosure forms said his total net worth was between $80 million and $255 million. At that time, the value of his IRA account was $102 million. His 2018 Senate campaign said his wealth was between $190 and $250 million.
Mitt Romney Awards and Achievements
Romney earned a Distinguished Alumni Award from Cranbrook School and a Canterbury Medal from Becket Fund for Religious Liberty in 2008.
Additionally, he has received honorary doctorates from the University of Utah (business), Bentley College, Suffolk University Law School, Hillsdale College, Liberty University, and other universities in law, public administration, and humanities. In 2012, “Time” magazine listed Mitt among the world’s top 100 most influential individuals.