Romney With Fortune Missed Private Equity Boom Worth Billions

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http://www.bloomberg.com/news/2012-09-20/romney-with-fortune-missed-private-equity-boom-worth-billions.html

Mitt Romney should be a billionaire.

While private-equity peers Stephen Schwarzman, Henry Kravis and David Bonderman have each accrued a 10-figure net worth, the Republican presidential nominee missed out on his industry’s most lucrative era, a decade when he managed the Winter Olympics, served as governor of Massachusetts and ran for president. Had he stayed at Bain Capital LLC, he’d be worth more than $1 billion, according to the Bloomberg Billionaires Index.

Romney’s $250 million net worth has made him a target of a populist campaign by President Barack Obama, and he was assailed as out of touch again this week by Democrats for comments Romney made about the 47 percent of people who don’t pay taxes.

The Republican candidate, while still reaping some profits from Bain as an investor, was far from the center of the action and negotiated his exit from Bain before private-equity firms started going public.

[HereSince1628]

1. Wow, now he's a hero for sacrificing his personal gains so he could do public service!

Amazing. I expect any day he'll ride into DC on a white salamander and save the country.

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2. I bet not a day goes by that Ann doesn't let him forget that. n/t

[nc4bo]

3. Mitt Romney, father of Romneycare, 1st cousin of vulture capitalism.

Oh dear.