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Romney wealthiest among U.S. presidential candidates
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07:49, August 15, 2007

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U.S. Republican presidential candidate Mitt Romney reported that he is worth as much as 247 million U.S. dollars, which may make him the wealthiest of the 2008 contenders, U.S. media reported on Tuesday.

The former Massachusetts governor reported to the Federal Election Commission (FEC) that most of his wealth is in a blind trust and a retirement account.

The disclosure shows that Romney, who has already loaned his campaign 8.9 million dollars, has the resources to continue funneling funds into a presidential race that may become the most expensive in U.S. history.

Presidential candidates were required to file with the FEC by May 15, though Romney received two extensions. The candidates are required to value their holdings in broad categories.

Romney's financial holdings may be greater than the other major Democratic and Republican contenders combined.

Former New York Mayor Rudy Giuliani, the leading GOP contender right now, reported assets of as much as 70 million dollars.

Arizona Senator John McCain, ranks in the second in the GOP field, reported personal assets of up to 80,000 dollars, though his wife had millions of dollars in holdings.

On the Democratic side, Senator Hillary Rodham Clinton of New York reported that she was worth up to 51 million dollars.

Former North Carolina Senator John Edwards reported assets of 30 million dollars, while Illinois Senator Barack Obama said he was worth up to 1.1 million dollars.

Source: Xinhua



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