Shocker: Presidential Candidates Very Rich

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If you’re interested, the FEC released the financial disclosure forms filed by the presidential candidates yesterday. (With some exceptions. Romney, McCain, and Clinton were granted extensions.)

You can read about it here and here, but there are only a couple things of note.

First, everyone is rich. Edwards has $30 million in assets (he gave $350,000 away in charity). Giuliani has made $16.1 million in the last sixteen months, mostly in speaking fees. Romney is expected to disclose a new net worth in the hundreds of millions of dollars. And so on.

Second, Obama and Republican candidate Sam Brownback divested — they sold all mutual funds that are invested in companies operating in Sudan.

Third, Rudy Giuliani told a divorce court he had only $7,000 in assets just six years ago, but has now amassed a net worth of more than $30 million. (It’s those speaking appearances — Rudy can charge $100,000-$200,000 per speech in a post-9/11 world.) Giuliani also made $496 in “theatrical royalties” in 2006. Perhaps for this?

Fourth, Bill Richardson, who like all Democrats has called for the reduction in the use of fossil fuels, has hundreds of thousands of dollars in stock of the Valero Energy Corp. He served on Valero’s board of directors for little over a year, and was formerly Secretary of Energy under Clinton.

Fifth, Obama has made $572,490 off his two books, “Dreams of My Father” and “The Audacity of Hope.” Enough to make any writer jealous.

We’ll have another post when Romney, Clinton, and McCain release their numbers. Just 18 months until the election!

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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