Shocker: Presidential Candidates Very Rich

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


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!

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate