Money Magazine has an eye-opening look inside the personal financial reports of the leading presidential candidates, including asset allocations and income sources. The article points out anything out of the ordinary with the candidates’ holdings and even offers money management suggestions from a financial adviser.
Hillary Clinton. Net worth: $34.9 million. 2006 income: $12.1 million. More than 85% of her asset allocation is in cash and bonds.
John Edwards. Net worth: $54.7 million. 2006 income: $3.7 million. As a former consultant for Fortress Investment Group, 43% of his assets are in hedge fund investments.
Rudolph Giuliani. Net worth: $52.2 million. 2006 income: $17 million. In 2006, Giuliani averaged one speech every three days for a total of $11.4 million of his $17 million income.
John McCain. Net worth: $40.4 million. 2006 income: $3.9 million. John McCain has donated all of his income from writing — and he has written several books — to charity. Everything except $50,000 is in his wife’s name or in a trust for his children.
Barack Obama. Net worth: $1.3 million. 2006 income: $991,000. $350,000 is split between a socially responsible index mutual fund and a managed fund with a 60/40 mix of bonds and equities.
Mitt Romney. Net worth: $202 million. 2006 income: $37.6 million. His high income is due to timely sales of stocks that might be deemed “politically sensitive,” like those of European oil companies that do business with Iran.
Fred Thompson. Net worth: $8.1 million. 2006 income: $9.4 million. Fred’s acting career has seen him playing POTUS as well as other political roles, including himself. He has $3.2 million in cash right now. If he doesn’t successfully run for president, that cash will help him pay for his retirement.
Updated January 16, 2010 and originally published December 10, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.