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Mitt Romney is an American businessman and politician who served as the 70th Governor of Massachusetts from 2003 to 2007 and was the Republican Party’s nominee for President of the United States in the 2012 election. Romney announced his run for Senate on February 15, 2018.
Mitt Romney Net Worth 2018: $250 Million
Romney has a reported estimated net worth of $250 million in addition to a retirement account that is worth between $20 and $100 million. Most of Romney’s wealth has been held in blind trusts since 2003. In 2010, Romney and his wife received about $22 million in income, almost all of it from investments such as dividends, capital gains, and carried interest.
1975-1990
-In 1977, he was hired by Bain & Company, a management consulting firm in Boston.
-In 1984, Romney left Bain & Company to co-found the spin-off private equity investment firm, Bain Capital. Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss.
-In 1990, Romney was asked to return to Bain & Company, which was facing financial collapse.
1990-2002
-Romney defeated John Lakian in the Massachusetts Republican Party September 1994 primary with more than 80 percent of the vote.
-Romney took a paid leave of absence from Bain Capital in February 1999 when he became the head of the Salt Lake Organizing Committee for the 2002 Winter Olympics. On February 11, 1999, the Salt Lake Organizing Committee for the Olympic and Paralympic Winter Games of 2002 hired Romney as its president and CEO.
-Romney made his crossover to politics permanent with an announcement in August 2001.
-Romney ran for Governor of Massachusettes in 2002.
2003-2012
-Romney was Governor of Massachusettes from 2003 to 2007.
-Romney formally announced his candidacy for the 2008 Republican nomination for president on February 13, 2007.
-On June 2, 2011, Romney formally announced his candidacy for President of the United States.
2013-Present
-In 2013, he joined the board of Marriott International for a third stint as a director