Who is Mitt Romney and how much is net worth of him? Willard Mitt Romney or Mitt Romney is an America-based businessman and politician who was born on March 12th, 1947 in Detroit, Michigan, U.S. He served as the 70th governor of Massachusetts from the year 2003 to 2007. He also served as the republic party’s nominee in the president’s election for the year 2012.Starting in 1996, he spent 2.5 years in France as a Mormon missionary.
He was married to Ann Davies in the year 1969 and they both have 5 sons. When he was 24 years old, he started to participate in political campaigns of his parents. In the year 1971, he earned a degree of BA at Brigham Young University and he joined JD-MBA in the year 1975 at Harvard University.
Later on, he entered the management consulting industry and secured a good position at Bain & Company in the year 1977. And being the CEO of the company, he saved the company from a financial crisis. He served as the bishop of his ward in LDS church and then also served as a stake president in Boston. He soon stepped down from his leadership works and from Bain company and stood as the candidate from Republic party in the 1994 Massachusetts election for U.S. senate.
He lost to Ted Kennedy and then again joined his role in Bain Capital. Later on in the year 2002, he was elected the governor of Massachusetts. He did not focus on the election in 2006 for the governor and rather took his concentration to the 2008 US presidential election.
He lost the nomination to the official nominee John McCain. However, the politician got the chance to represent Republic party in 2012 USA presidential election. Unfortunately, he lost and Barack Obama got the chance to serve the country. The businessman has bought several companies till now and even done many works for the noble cause. As he is quite famous among people, they want to know how much annual income does this businessman carries and not only that, many of them want to know about his actual net worth. So, let’s dive deep into his life and know more about him.
Mitt Romney Net Worth
As the politician has served many companies and has bought several business companies till now, he has managed to fetch a lot of money for his livings. He is doing business since last 40 years and in these 40 years, he has earned a lot of money. The net worth of this great politician is more than $320 million. And as the politician or you can say businessman hasn’t stopped yet, he would be able to make a lot of more money in the coming years and we are sure that like always, he will use his money for various noble causes.
Like all the other millionaires, this person also has some habits of spending money on luxurious things. Various millionaires have different likings in terms of buying luxurious items and this millionaire has a love for buying cars. According to reports, the businessman had many cars in his lifetime and most of them were very expensive and full of luxuries. Right now he is having a car named Cadillac Escalade, which is also a luxurious car and cannot be owned by all the people.
His love doesn’t stop on luxurious cars only. Recently he spent $55,000 for a car phantom car elevator with the use of which he could park his luxurious cars directly into his garage. Most of the people don’t show care for the luxurious cars they buy, but it is opposite in the case of Mitt, as you can see yourself that he spent a lot of money just to keep his cars at a safe location. With the cars that he has bought till now, this millionaire has shown his love for various properties as well. According to our reports, he owned 2 luxurious houses, here are the details.
• New Hampshire retreat –
He bought this house in 1997 and expanded the house by adding 6 more properties in it. He loves to stay with his family in this home during every summer vacations. He had spent around $3 million on this house and according to the reports, this house has an estimated value of $10 million now. The house is spread over 13 acres and it is a 3 story house with 6 luxurious bedrooms in it. The estate also contains a boathouse which is worth $630,000 and in addition to all this; the house contains every kind of luxurious amenities that a person can desire
• CA Beachfront Property –
He purchased this mansion in the year 2008 and spent a whopping $12 million for it. According to reports, the entire family lives in this house including five sons and 16 grandchildren. He has also filed an application in 2011 to authorities to allow him to expand his house as it was very difficult for him to accommodate his family. The mansion contained 3 bedrooms, 4 and a half bathrooms. It also has 4 cars garage and a car elevator.
Here are the complete details of his family.
• Ann Romney – Spouse
• Scott Romney – Brother
• Jane Romney – Sister
• Margo Lynn Romney – Sister
• George W Romney – Father
• Lenore Romney – Mother
• Tagg Romney – Son
• Matt Romney – Son
• Ben Romney – Son
• Josh Romney – Son
• Craig Romney – Son
So, this was everything about this great politician and businessman. Hope he continues his good work and makes more money for him.