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To: Borough Park

I’m curious where all that money comes from. He doesn’t work for a living. Did he inherit wealth? (I know George Romney was his father)


14 posted on 08/21/2011 2:30:11 PM PDT by RoadTest (Organized religion is no substitute for the relationship the living God wants with you.)
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To: RoadTest
I’m curious where all that money comes from. He doesn’t work for a living. Did he inherit wealth? (I know George Romney was his father)

. I detest Mitt Romney but he did not inherit the majority of his wealth. While George Romney was indeed his father, Mitt Romney was involved in Bain Capital which specialized in the streamlining (break-up) of companies into more profitable entities. He turned around Staples. That's where most of his wealth comes from.

He is easily confused with Donald Trump, because Donald Trump, who did inherit tens of millions, is also a liberal-turned-conservative politician.

21 posted on 08/21/2011 2:51:09 PM PDT by 10thAmendmentGuy
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To: RoadTest

He’s a highly accomplished businessman. “Indeed, during the 14 years Romney headed the company, Bain Capital’s average annual internal rate of return on realized investments was 113 percent.” Wikipedia.


22 posted on 08/21/2011 2:51:24 PM PDT by bigheadfred (The world needs wannabees)
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To: RoadTest
Romney is a principal in an investment firm. He makes money the old-fashioned way--use OPM and take the profits.
36 posted on 08/21/2011 3:39:26 PM PDT by hinckley buzzard
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