Please verify

Blaze Media
Watch LIVE

It must be nice to be Romney's son


There's a lot of money sitting somewhere for Mitt Romney's kids.

The New York Times is reporting on the relationship between Romney and Bain Capital, the company that made him rich(er). A retirement deal Romney struck with Bain in 1999 has put millions of dollars in his wallet ever since and millions of those dollars are stashed for his lucky offspring.

Mr. Romney is among the wealthiest candidates ever to run for president, with a family fortune that his campaign has estimated at $190 million to $250 million. In the years since he left Bain, much of his wealth has migrated into investments outside the company or into family trusts, including an additional $100 million set aside for his five sons.

Bain Capital is a private equity firm that buys smaller companies, restructures them and sells them usually at a profit. Companies Bain bought in the past include Clear Channel Communications (radio), Sealy mattresses company, Domino's Pizza (worst pizza ever) and KB Toys (worst toy store ever).

Most recent

'PSYOPS Officer': Canadian government lists job for psychological operations

37-year-old ABC News executive producer dies 'suddenly' of heart attack

All Articles