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!

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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