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Why do we know so little about Mitt Romney’s personal finances?
Financial disclosures filed by Republican presidential contender Mitt Romney reveal an investment portfolio that’s sophisticated, well-diversified, and complex to the point of opaqueness, as you might expect with a multimillionaire who made his fortune working at an investment firm.
In fact, an analysis of Romney’s personal finances … is virtually impossible given how much isn’t known about his fortune. For one thing, Romney has numerous investments that don’t disclose their holdings. For another, federal disclosure requirements use vast income ranges as wealth increases, making any substantive assessment meaningless.
This much is clear: With a portfolio worth somewhere between $83 million and $264 million Romney has a finger in virtually every pie.
Read more. Photo by Austen Hufford on Flickr.
