Getting your player ready...
After a barrage of pressure to release his tax forms, former Massachusetts governor , confirming what most already knew: He’s the wealthiest of the GOP candidates, over the past two years.
While much of Romney’s assets comes from his tenure at Bain & Company and investment firm Bain Capital, the presidential contender grew up in relative wealth as the son of American Motor Corporation CEO and former Michigan governor George W. Romney. As such, Romney is also no stranger to high-end , having owned properties in Massachusetts, Utah, New Hampshire, and most recently La Jolla, CA.
In 1999, the Romneys picked up another vacation home. This time, the family decided on a mountain ski home in Park City, Utah. At the time, Romney was working as CEO and President of the 2002 Winter Olympics in Salt Lake City, where he is credited with establishing critical credibility for the scandal-plagued organizing committee. Romney’s leadership in the Olympics was , leading him to write “Turnaround: Crisis, Leadership and the Olympic Games” about his experience.
More chalet than cabin, sits at the end of a cul-de-sac on nearly 11 acres. A premier destination for snow sport enthusiasts, doesn’t come cheap. Romney’s home was no exception; the for a little under the $5.25 million asking price.
When Romney purchased in 2008, he told the media that he wanted to be somewhere where he could “.” Apparently a home on the high-priced California coast, ( hit $1,067,600), was the right location.
It may be the ideal location, but it isn’t quite the ideal home, at least not yet. In August 2011, with the city to bulldoze the single-story beachfront home and replace it with a larger, two-story home.
A spokesperson for the politician explained:
Romney’s recent real estate purchase is the most modest on the list. In June 2010, he and Ann bought a . According to property listing information, the Romneys paid $895,000 for the 2,100-square-foot home in the .
Since selling their Belmont mansion, this is the first property they’ve owned in the Boston area in two years. Previously, the Romneys as their legal Massachusetts address.
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Childhood Home– Detroit, MI
Mitt Romney spent the first five years of his life in (above) in the upscale Detroit Palmer Woods neighborhood before moving to Detroit’s . Although has been hard hit in the past few years, remained steady as a high-end neighborhood. However, even an upscale location couldn’t save from foreclosure or the wrecking ball. After falling into disrepair in 2009, in the .Belmont, MA Mansion
According to property records, Romney and his family purchased the 7-bedroom, 6.5-bath home in Belmont in 1989 – five years after Romney founded investment firm Bain Capital. The sold for $3.5 million in 2009 – 293 percent more than the 1989 purchase price of $890,000. Situated on 2.44 acres and within 25 minute drive from downtown Boston, the 6,434-square-foot Colonial was an ideal home base for Romney, his wife Ann and their five sons for 20 years.Wolfeboro, NH Compound
In 1997, the Romneys plunked down $3 million for a summer home situated on 11 acres of lakefront in New Hampshire. The sits along Lake Winnipesaukee in Wolfeboro, “the oldest summer resort in America.” With a 5,400-square-foot main house and additional guest house, the estate is worth an estimated $10 million. Home to the Romney crew – children and grandchildren – each summer, some wonder if the GOP helped him clinch the New Hampshire primary.Park City, UT Ski Home
La Jolla, CA Beachfront Property
When Romney purchased in 2008, he told the media that he wanted to be somewhere where he could “.” Apparently a home on the high-priced California coast, ( hit $1,067,600), was the right location.
It may be the ideal location, but it isn’t quite the ideal home, at least not yet. In August 2011, with the city to bulldoze the single-story beachfront home and replace it with a larger, two-story home.
A spokesperson for the politician explained:
The spokesperson added that the renovation wouldn’t begin until after the campaign has wrapped up.They [the Romneys] want to enlarge their two-bedroom home because with five married sons and 16 grandchildren it is inadequate for their needs.”
Boston. MA Townhouse
Romney’s recent real estate purchase is the most modest on the list. In June 2010, he and Ann bought a . According to property listing information, the Romneys paid $895,000 for the 2,100-square-foot home in the .
Since selling their Belmont mansion, this is the first property they’ve owned in the Boston area in two years. Previously, the Romneys as their legal Massachusetts address.
> See
