Finance reports issued by Mitt Romney’s campaign reveal why he is the clear frontrunner within the current GOP field. According to finance reports issued by his campaign with the Federal Election Commission, his campaign could have up to $264 million.
That places him by far ahead of his competitors, the report issued on Friday reveals.
The office of the former Governor of Massachusetts indicated that he has assets valued at between $85 million – $264 million, but a more accurate measure was between $190 million – $250 million.
In addition, the financial reports revealed that he earned over $360,000 per speaking event over the past year-and-a-half, according to USA Today. He also earned between $100,000 – $1 million in royalties from his book, No Apology: The Case for American Greatness”. Romney noted that most of the money was donated to various charities, however.
As to where he comes in against his closest GOP competitors, the AP reports that Michele Bachmann, who is right behind or ahead of him in many key polls in the nation’s first caucuses in Iowa, has a net worth between $500,000 – $1 million.
Texas Governor Rick Perry, who announced he’s running Saturday in New Hampshire, is reportedly worth near $1 million.
According to a USA Today/Gallup poll between Aug. 4 – Aug. 7, Romney leads the field nationwide with 21%, just ahead of Rick Perry’s 13%, who didn’t formally announce he was running at the time the poll was conducted. Sarah Palin, undeclared at this point, is behind Perry at 8%, followed by Bachmann’s 7%, and the 6% held by Ron Paul and Newt Gingrich. Herman Cain drew 5%, while Huntsman, Pawlenty, and Santorum only had 2%.
A Rasmussen Reports poll from Aug. 4 in Iowa, however, paints a different picture with Michele Bachman having a one point advantage on Romney 22%-21%. Romney, however, isn’t actively campaigning in the state. The feeling is that if a presidential hopeful wins Iowa, that could give them momentum heading into the primaries in other states, such as New Hampshire and South Carolina.