Posted on 02/09/2012 1:28:23 PM PST by Hojczyk
Mitt Romney's five sons -- Matt, Tagg, Craig, Ben and Josh -- are sitting pretty with a trust fund worth $100 million.
To get to $100 million, the account would have needed a 26% average annual compound rate of return, said Jonathan Bergman, chief investment officer at Palisades Hudson Asset Management. Stocks over that same time have gained about 10%.
Plus, there are probably many investments we don't know about. "Romney probably invested the trust in the same kinds of things he invested in himself, like startups and private equities -- investments with high growth," said Tim Gagnon, assistant academic specialist of Accounting at Northeastern University.
"You've got people who are paid $1 million a year to work 3,000 hours just to figure out ways to transfer money from older generations to younger generations, and Romney has the money to hire the best of the best," said Bergman.
(Excerpt) Read more at money.cnn.com ...
Good for Milt. I would do the same thing if I were him. This money has already been taxed once or twice already. This article is dripping in class warfare BS. Big surprise it is from CNN.
and some day, one of them will run for POTUS and tell us that he earned his money working in the private sector just like his dad.
Wow, that’s not even half of what the Kennedy’s have.
Wow, that’s not even half of what the Kennedy’s have.
Mitt Romney was/is a great capitalist. He was self-made.
Good for them.
I wonder how much the Soros kids, Kerry kids, Pelosi kids or Kennedy kids have?
Oh, they’re Dems, we don’t speak of them.
Yep, the Clinton News Network trying to make somethin’ outta nothin’. Just building on more of the Anointed One’s class warfare gig.
Yeah, only $20 million each! Small beer indeed...pfft!;)
So what?
Exactly. That group of clowns has sheltered the Joe’s bootlegging and Nazi collaborating windfalls for 10+ generations of slackers and ne’er do wells. Where are the articles on that?
Proving “it takes money to make money [or it makes it easier]”
Per child, that’s just “rounding up” money to Obama’s big backers.
Does that mean he didn't inherit anything form father George Romney, former CEO of American Motors?
In Mitt Romney's case, his father was the relative.
I would too......
I wonder how large the trust fund is for Obama's kids?
3,000 hours works out to 57 hours a week for 52 weeks. 60 hours with a two week vacation. They’ll need it.
Mitt gave away his inheritance.
I suggest we all email the article writer and ask to see his analysis of the Kennedy, Kerry, Soros, Buffett children’s wealth.....
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