Latest Update: Mitt Romney & Career Highlights Net Worth 2026: Career Earnings & Assets

As one of the most talked-about figures, Mitt Romney has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.

What is Mitt Romney's Net Worth?

Mitt Romney is an American businessman and politician who has a net worth of $300 million. Mitt Romney is the former Governor of Massachusetts, a former Mormon missionary, the 2012 Republican Presidential nominee, and, as of 2019, a Senator from Utah. Mitt Romney's net worth makes him one of the richest politicians in the United States.

Mitt unsuccessfully ran for Senate in 1994 in Massachusetts, losing toTed Kennedy, who had been in the Senate since 1962. He served as the Chairman of the 2002 Salt Lake City Olympic Games Committee and was elected Governor of Massachusetts that same year; he served from 2003 to 2007 and declined to take the $130,000 annual salary. Romney ran for the Republican nomination in the 2008 election but lost out toJohn McCain. Romney ran again in 2012, choosingPaul Ryanas his running mate and securing the nomination, butBarack Obamawas re-elected with 332 electoral votes to Romney's 206. Mitt ran for Senate again in 2018, this time in Utah, and won with 62.6% of the vote.

After high school, Mitt attended Stanford University before going to France in July 1966 for a missionary trip. In June 1968, he was seriously injured in southern France when a vehicle hit the car he was driving; the mission president's wife was killed in the crash. When he returned to the U.S. after his mission trip, Romney enrolled in college at Utah's Brigham Young University, earning a Bachelor of Arts in English in 1971. He later enrolled in a Juris Doctor/Master of Business Administration program at Harvard, graduating in 1975; he graduated cum laude from their law school and was in the top 5% of his business school class.

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During his 2012 Presidential campaign, Romney's financial disclosure forms estimated his total net worth to be $80 – $255 million. At that time, the value of his IRA account alone was $102 million. His 2018 Senate campaign financial disclosure pegged his fortune at $190 – $250 million.

Mitt Romney was born Willard Mitt Romney on March 12, 1947, in Detroit, Michigan. His mother, Lenore, was a homemaker, and his father, George (who was born in a Mormon colony in Mexico), was an automobile executive. Mitt grew up with two older sisters (Margo and Jane) and an older brother (Scott), and the family moved to Bloomfield Hills in 1953 when George became the CEO of American Motors. Romney studied at public schools until seventh grade, then attended Cranbrook School, a private boys' prep school, where he managed the hockey team and was a member of the pep squad and cross-country running team. While attending high school, Mitt helped out with George's Michigan gubernatorial campaign; George served as Michigan's governor from 1963 to 1969 and ran an unsuccessful campaign to become the Republican Party's presidential nominee in 1968.

Romney joined the Boston Consulting Group as a management consultant in 1975, then moved on to Bain & Company in 1977, becoming a vice president of the company the following year. He left Bain & Company in 1984 to form an offshoot private equity firm called Bain Capital. Over the next 25 years, Bain Capital made a fortune through leveraged buyouts. By the time Romney left Bain Capital after 25 years of work, the firm had over $4 billion under management, and Romney had pocketed hundreds of millions in personal wealth.

During his lifetime, Mitt has donated millions of dollars to The Church of Jesus Christ Of Latter-day Saints as well as several charitable organizations, including the Tyler Foundation (which is controlled by the Romneys), MS Cure, and the Best Friends Foundation. Romney is also a best-selling author, publishing "Turnaround: Crisis, Leadership, and the Olympic Games" in 2004 and "No Apology: The Case for American Greatness" in 2010.

Ultimately, Mitt Romney's financial journey is a testament to their success.

Disclaimer: All net worth figures are estimates based on public data.