Thread: How rich are the candidates

Look here to find out.

http://money.cnn.com/galleries/2012/...lth/index.html

It's not just the Presidential candidates who are wealthy but Congress too. Not a value judgment, just stating the obvious: wealth, income and power are inseparable in an oligarchy.

How rich are the candidates?

Very

Originally Posted by hutash

How rich are the candidates?

Very

Perry at $1.2m net worth isn't worth that much.

Why would Ron Paul carry a personal loan? Do they mean a line of credit or is he holding $500k in personal debt?

Originally Posted by 4matic

Why would Ron Paul carry a personal loan? Do they mean a line of credit or is he holding $500k in personal debt?

Not an insight into the loan but Ron Paul's portfolio is interesting and valued somewhere between $2.44 million and $5.46 million:

But Ron Paul’s portfolio isn’t merely different. It’s shockingly different.

Yes, about 21% of Rep. Paul’s holdings are in real estate and roughly 14% in cash. But he owns no bonds or bond funds and has only 0.1% in stock funds. Furthermore, the stock funds that Rep. Paul does own are all “short,” or make bets against, U.S. stocks. One is a “double inverse” fund that, on a daily basis, goes up twice as much as its stock benchmark goes down.

The remainder of Rep. Paul’s portfolio – fully 64% of his assets – is entirely in gold and silver mining stocks..

Originally Posted by Triage

Furthermore, the stock funds that Rep. Paul does own are all “short,” or make bets against, U.S. stocks. One is a “double inverse” fund that, on a daily basis, goes up twice as much as its stock benchmark goes down.

The remainder of Rep. Paul’s portfolio – fully 64% of his assets – is entirely in gold and silver mining stocks..[/INDENT]

Leveraged ETF's are a wasting asset. A bit like options. I doubt he holds that long term and probably has an advisor trading it.

I have no problem with someone holding gold. It's just another asset; pick your poison.

What I find more interesting is how much is a politician worth before heading to Washington, and how much are they worth in the immediate years after leaving Washington.