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Sunday, January 29, 2012

India: If elected, Romney will rank as the richest president

The Times of India

If elected, Romney will rank among richest US president ever

Just how rich is Mitt Romney? Add up the wealth of the last eight presidents , from Richard Nixon to Barack Obama. Then double that number. Now you're in Romney territory. He would be among richest presidents in American history if elected - probably in the top four.

He couldn't top George Washington who, with nearly 60,000 acres and more than 300 slaves, is considered the big daddy of presidential wealth. After that, it gets complicated, depending how you rate Thomas Jefferson's plantation, Herbert Hoover's millions from mining or John F Kennedy's share of the vast family fortune, and the finer points of factors like inflation adjustment. But it's safe to say the Roosevelts had nothing on Romney, and the Bushes are nowhere close.

Romney has disclosed only the broad outlines of his wealth, putting it somewhere from $190 million to $250 million. That easily could make him 50 times richer than Obama , who falls in the still-impressive-to-most-of-us range of $2.2 million to $7.5 million.

An unbelievable boatload of bucks is just one way to think of Romney's net worth, and 44 US presidents make up a pretty small pond for him to swim in.

http://timesofindia.indiatimes.com/world/us/If-elected-Romney-will-rank-among-richest-US-president-ever/articleshow/11669813.cms

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