Mitt Romney Net Worth – How Much Is He Worth?

Mitt Romney Net Worth

Want to know how much net worth Mitt Romney has amassed over the years? If yes, you have stumbled upon the right webpage.

Mitt Romney, an American politician, attorney, and businessman, has represented Utah in the Senate as a junior senator. In addition to serving as a stake president for a region that included Boston and several of its suburbs, Mitt Romney co-founded and oversaw the spin-off company Bain Capital in 1984.

This article covers detailed information about Mitt Romney net worth, biography, career, and more.

Mitt Romney Net Worth 2022

Mitt Romney Net Worth

Mitt Romney has a $450 million net worth.

With annual revenues in the millions of dollars, Mitt Romney is one of the wealthiest senators in the United States.

Recently, Mitt Romney spent $370,000 on a Mercedes-Benz G-Class. Additionally, Mitt Romney owns a Porsche 911 worth $280,000.

Below is a list of a few additional cars that Mitt Romney owns –

  • Land Rover Defender
  • Alfa Romeo Giulia
  • Land Rover Discovery

Mitt Romney resides in an opulent 11,200-square-foot home in Spanish Fork, Utah, a house worth $40 million.

Mitt Romney Biography and Career

Mitt Romney Biography and Career

Romney, the youngest of four children, was born into one of the most illustrious families in the Mormon community. His father, George Romney, was a successful businessman who turned around American Motors from the verge of insolvency to record profits.

Romney later served in the Nixon administration as secretary of housing and urban planning (1969–1972) and as governor of Michigan (1963–69).

The younger Romney attended Stanford University in California, but he took a year off to launch a 30-month missionary campaign for the Mormon church in France in 1966.

He suffered major injuries in a car accident while there, and a few months later, he came back to the United States. Romney received a BA in English with honors from Brigham Young University in 1971. In 1975, he graduated from Harvard University with a JD and an MBA.

After that, Romney worked as an investment consultant in the private sector. He co-founded Boston-based consulting company Bain & Company and its investment-focused spin-off, Bain Capital, in 1984 with Coleman Andrews and Eric Kriss.

Mitt Romney Running for President

Mitt Romney Running for President

Romney ultimately decided to run for president in 2008 under the Republican banner. His political platform emphasized both his corporate background and accomplishments as governor, and it made the case that his success at the state level could be replicated at the federal level.

In August 2007, when the Iowa straw poll results were announced, he won first place, and his campaign received a boost. But in January 2008, Romney finished a disappointing second in the New Hampshire primary and the Iowa caucuses, falling behind John McCain and Mike Huckabee, respectively.

He won the mostly uncontested Wyoming primary and finished second to front-runner John McCain on Super Tuesday (February 5, 2008). A few days later, Romney announced the end of his candidature after seeing the disparity in delegates each candidate could win.

In addition to his continued involvement in politics, Romney also wrote the book No Apology: The Case for American Greatness (2010). He declared his intention to run for president a second time in June 2011. Romney was widely seen as the favorite to win the Republican nomination before the campaign started.

However, in the following months, he found it difficult to gain the support of social conservatives who still saw him as a moderate. Nevertheless, he was successful in uniting the majority of Republicans behind his campaign and accumulating enough delegates after the Texas primary in May 2012 to win the nomination.

Romney selected Wisconsin’s Paul Ryan, a US Representative, as his running mate in August. In contrast to his “severely conservative” self-description during the primaries, Romney’s stance was more centrist during the presidential campaign.

Romney worked to persuade undecided voters throughout the campaign that he could achieve what Democratic incumbent President Barack Obama had so far been unable to do – complete recovery from the Great Recession of 2007-09.

He threatened to repeal the Patient Protection and Affordable Care Act (PPACA), Obama’s 2010 health care reform bill, calling it a “Job killer,” and to pursue business-friendly policies to generate 12 million new jobs within his first term.

Romney touted his own accomplishments as a governor and businessman as proof of his ability to guide the nation toward economic development and recovery. Romney had a solid campaign, but his attempt to win the presidency fell short, and Obama was re-elected.


What does Mitt Romney do now?

In January 2019, Mitt Romney took the oath of office as Utah’s newest senator. He now participates in the Budget, Homeland Security & Government Affairs, Health, Education, Labor & Pensions, and Foreign Relations committees. Senator Romney is the chairman of the Foreign Relations Committee’s Subcommittee on East Asia, the Pacific, and International Cybersecurity Policy.

How old is Mitt Romney?

Mitt Romney is 75 years old. He was born on March 12, 1947.

How tall is Mitt Romney?

The height of Mitt Romney is 6′2″ ft.

Who did Romney run against for president?

He was the Republican Party’s choice but fell short of Barack Obama.

About the author

Alex Jones

Alex Jones is a tech-savvy editor at World-Wire, renowned for his expertise in writing detailed technical articles and user-friendly how-to guides. With a background in Information Technology, he excels in demystifying complex tech topics. His work is highly valued for its accuracy and practicality, earning him awards like "Innovator in Tech Journalism" in 2023. Alex's role at World-Wire is pivotal in making technology accessible to a broad audience.

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