Mitt Romney’s net worth is estimated at around 174 million. He is an American politician, businessman and lawyer. He served as the junior United States senator from Utah since 2019. He also served as the 70th governor of Massachusetts from 2003 to 2007. In 2012, Mitt contested as the Republican Party’s nominee for president of the United States in the 2012 election, losing to incumbent Barack Obama. Mitt Romney announced in September 2023 that he won’t seek reelection.
Mitt Romney Biography
Romney was born on 12 March 1947 at Harper University Hospital in Detroit, Michigan. He was one of four children born to his parents George W. Romney and former actress and homemaker Lenore Romney. His siblings include Margo, Jane and Scott.
He attended public elementary schools until seventh grade. He also completed Cranbrook School. He also attended Stanford University during the 1965–1966 academic year. His father became very well known in print and media and so he chose to work as an intern in the governor’s office after his father’s successful 1962 Michigan gubernatorial campaign.
Mitt Romney’s Political Career
Before becoming a politician, Mitt was a Mormon missionary. In his political career, he first registered as an Independent and voted in the 1992 presidential primaries for the Democratic former senator from Massachusetts, Paul Tsongas. In 1993, he decided to challenge incumbent Democratic U.S. Senator Ted Kennedy, who was seeking reelection to a sixth term. That same year in October 1993, he changed his political affiliation to Republican and also stepped down from his church leadership role in 1994.
On 2 January 2003, he was sworn in as the 70th governor of Massachusetts. He also declined a governor’s salary of $135,000 during his term. Romney announced his candidacy for the 2008 Republican nomination for president on February 13, 2007, in Dearborn, Michigan. His campaign speech was about his experiences in the private, public, and voluntary sectors that had brought him to this point. Unfortunately, he couldn’t win the race to become the Republican nominee. In 2012, he contested as the Republican Party’s nominee for president of the United States in the 2012 election, losing to incumbent Barack Obama.
In early 2014, Romney was tipped to run for the presidential position again for the third time. He refused at first but decided to give it a try. On January 30, 2015, Romney announced that he would not run for president in 2016, saying that while he thought he could win the nomination, “one of our next generation of Republican leaders” would be better positioned to win the general election
In 2023, Romney announced he would not run for re-election in 2024 and retire from the Senate when his term expires in 2025. In a video message released on his social media account, Romney outlined a range of what he described as critical issues, including rising national debt and the climate crisis, and said “Neither President Biden nor former President Trump is leading their party to confront those issues.”
Mitt Romney’s net worth: How much is he worth?
Mitt Romney’s net worth is estimated at around 174 million. He is an American politician, businessman and lawyer. Before becoming a politician, Mitt was a Mormon missionary. When he entered politics, he stepped down from his position.
In the business field, Mitt was recruited by several large companies but joined the Boston Consulting Group (BCG). In 1977, he was hired by Bain & Company, a management consulting firm in Boston formed a few years earlier by Bill Bain and several other ex-BCG employees.