In this article, we will discuss Mitt Romney’s age, marital status, family, and wealth. Continue reading the conclusion for additional information. As per Celebritynetworth, American businessman and politician Mitt Romney has a net worth of $300 million.
Who is Mitt Romney?
Willard Mitt Romney is an American politician, businessman, and attorney who, beginning of January 2019, succeeded Orrin Hatch as the junior United States senator from Utah. He was the 70th governor of Massachusetts from 2003 to 2007 and the Republican Party’s 2012 presidential contender, losing to Barack Obama.
|Birth||March 12, 1947|
|Net Worth||$300 million|
|Relationship With||Ann Davies|
Mitt Romney’s Early Life and Education
Mitt Romney was born Willard Mitt Romney in Detroit, Michigan on March 12, 1947. His mother, Lenore, was a housewife, but his father, George, was an auto executive. Mitt grew up with two elder sisters (Margo and Jane) and an older brother (Scott).
In 1953, when George became CEO of American Motors, the family relocated to Bloomfield Hills. Romney attended public schools through the eighth grade, after which he attended Cranbook School, a private boys’ preparatory school, where he managed the hockey team and participated in the pep squad and cross-country running.
Mitt assisted George’s Michigan gubernatorial campaign while in high school; George served as Michigan’s governor from 1963 to 1969 and waged an unsuccessful campaign to become the Republican Party’s 1968 presidential contender.
After graduating from high school, Mitt attended Stanford University before embarking on a missionary journey to France in July 1966. In June 1968, he was critically injured when a vehicle collided with the car he was driving in southern France; the mission president’s wife was killed in the collision.
Romney attended Utah’s Brigham Young University after returning from his mission journey and earned a Bachelor of Arts in English in 1971. Later, he participated in a Juris Doctor/Master of Business Administration program at Harvard and graduated in 1975.
Mitt Romney’s Business career
Romney joined the Boston Consulting Group in 1975 as a management consultant, then went to Bain & Company in 1977 and was promoted to vice president the following year. In 1984, he left Bain & Company to establish the private equity firm Bain Capital.
In the 25 years that followed, Bain Capital amassed a fortune through leveraged buyouts. Romney amassed tens of millions of dollars in personal wealth by the time he left Bain Capital after 25 years of service, when the firm had over $4 billion under management and Romney had amassed a fortune of over $4 billion.
Mitt Romney’s Political Profession
Mitt ran unsuccessfully for the Massachusetts Senate in 1994, losing to Ted Kennedy, who had served in the Senate since 1962. He served as the Chairman of the 2002 Salt Lake City Olympic Games Committee and was elected Governor of Massachusetts in the same year; he held the position from 2003 to 2007 and declined the $130,000 yearly pay.
John McCain defeated Mitt Romney for the Republican nomination in the 2008 election. Romney ran for president again in 2012, selecting Paul Ryan as his running partner and gaining the nomination.
However, Barack Obama was re-elected with 332 electoral votes to Romney’s 206. Mitt campaigned again for the Senate in 2018, this time in Utah, and he won with 62.6% of the vote.
Romney has been vocal in his opposition to Donald Trump, and instead of voting for him in 2016, Mitt claims he wrote to his loving wife Ann. Romney has stated that he will not support Trump’s reelection, and he was the only Republican senator to vote for Trump’s conviction during his impeachment trial, earning him accolades from Democrats.
In June 2020, Trump ridiculed Romney for participating in a Black Lives Matter rally; Mitt was following in the footsteps of his father, who had participated in civil rights marches as governor in the late 1960s.
What is Mitt Romney’s Net Worth?
American businessman and politician Mitt Romney has a net worth of $300 million. The net worth of Mitt Romney places him among the wealthiest politicians in the United States.
Romney’s 2012 presidential campaign financial disclosure forms estimated his entire net worth to be between $80 and $255 million, with his IRA account alone being worth $102 million. His 2018 Senate campaign report estimated his wealth to be between $190 and $250 million.
Mitt Romney has donated millions of dollars to The Church of Jesus Christ of Latter-day Saints and many philanthropic organizations, including the Romney-controlled Tyler Foundation, MS Cure, and the Best Friends Foundation.
Romney is also a best-selling book, with the 2004 publication of “Turnaround: Crisis, Leadership, and the Olympic Games” and the 2010 publication of “No Apology: The Case for American Greatness.”
Mitt Romney’s Real Estate Portfolio
Mitt and his wife hold a valuable portfolio of personal real estate. They possess at least six properties in the United States. In 2008, they purchased a seaside property in La Jolla, California for $12 million. They demolished the house and constructed an 8,000-square-foot mansion on the property. They sold this home for $23.5 million in July 2021. In addition, they possess a $9 million mansion in Park City, Utah, a $10 million 11-acre estate in New Hampshire, and a $1 million townhouse in Boston, Massachusetts.
Mitt Romney’s Personal Life
In June 1965, Romney became engaged to Ann Davies during his final year of high school. They wed on March 21, 1969, a few months after Mitt returned from a two-and-a-half-year mission in France; they had a civil ceremony at Ann’s home, then travelled to Utah the following day for a temple wedding.
Taggart (born in 1970), Matthew (1971), Joshua (1975), Benjamin (1978), and Craig are the Romneys’ five sons (1981). Ann was diagnosed with multiple sclerosis in 1998; Mitt was diagnosed with prostate cancer in 2017, and UC Irvine Hospital in California successfully treated it.
Mitt has served as a seminary instructor, bishop of the ward, and president of the Boston Stake for The Church of Jesus Christ of Latter-day Saints. Ann was baptised by Mitt’s father in 1966, when she converted to Mormonism during Mitt’s mission trip.
Mitt Romney’s Awards and Honors
In 2008, Romney received the Canterbury Medal from the Becket Fund for Religious Liberty and the Cranbrook School’s Distinguished Alumni Award.
In addition, he has received honorary doctorates from the University of Utah (business), Bentley College (law), Suffolk University Law School (public administration), Hillsdale College (public service), and Liberty University (humanities), among others. In 2012, “Time” magazine named Mitt on its list of the 100 most influential persons in the world.