William D. Cohan: Speculation Surrounds Romney's Net Worth
In his opinion piece in the Washington Post, writer William D. Cohan speculates about the exact size of Governor Mitt Romney's nest egg. The author states that the Presidential candidate's estimate that his net worth is $250 million is an understatement. This piece compares Governor Romney's income and assets to those of other private equity magnates such as Henry Kravis and Steve Shwarzman, and then tries to explain some of the distinctions. Factors such as fees generated by Bain Capital, charitable giving, efficient estate planning, and the timing of Governor Romney's departure from Bain Capital are discussed.
William D. Cohan, "Mitt Romney is worth $250 million. Why so little?", Washington Post, Opinion (October 5, 2012).
Posted by Richard D. Lamb III, Associate Editor, Wealth Strategies Journal
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