Washington: Republican Mitt Romney is not the wealthiest American to run for president, but he is undoubtedly a member of the mega-rich, according to disclosure forms he filed with US authorities. (Agencies)
The Romney campaign pegged his net worth at between USD190 million and USD250 million -- not quite the billionaire status of Ross Perot, who sought the White House in the 1990s, but mighty wealthy nonetheless.
The Federal Election Commission released Romney's public financial disclosure report, stamped as received at 0200 IST, presumably timed for minimal news exposure heading into the weekend.
The FEC filing showed a wide range, between USD83 million and USD255 million, because candidates are allowed to characterize their assets in very broad terms.
Romney listed deposits in Goldman Sachs, for example, as between USD5 million and USD25 million. Several other assets were listed at between USD1 million and USD5 million.
The campaign said a more accurate range was between USD190 and USD250 million, adding that a trust for Mitt and Ann Romney's five children was valued at "roughly USD100 million."
Forbes magazine published an extensive analysis of Romney's fortune last month, concluding the unofficial Republican presidential nominee was worth some USD230 million.
His biggest piece of the pie, USD91 million, is in debt securities, according to Forbes.
Next come Romney's USD52 million in stakes in dozens of funds belonging to Bain Capital, the private equity firm he founded and then headed for several years, the magazine said on its website.
Romney revealed in January that he had reported income of USD 21.7 million in 2010 from investments and USD 20.9 million in 2011, and in 2010 paid just over USD 3 million in taxes, or 13.9 percent, a much lower rate than many Americans.
President Barack Obama, whom Romney is challenging in November's election, released his tax returns in April, showing he earned nearly USD 800,000 last year, and paid a federal tax rate of about 20.5 percent.
Salaried US workers can fork over as much as 35 percent of their earnings in federal taxes.
Washington: Republican Mitt Romney is not the wealthiest American to run for president, but he is undoubtedly a member of the mega-rich, according to disclosure forms he filed with US authorities.