A new financial report from GOP presidential candidate Mitt Romney shows that his personal fortune remains near $250 million, about the same as last year even after a mass sell-off of stocks from his vast investment portfolio, reports the Associated Press.
Romney’s campaign said Friday that his assets ranged between $190 million and $250 million, and a tally by The Associated Press put the figure at the high end of that range.
The new financial report from Romney describes sales over the past year of a large amount of stocks that had been managed through his blind trust. The stocks sold included such familiar corporate entities as Boeing, Volkswagen and Pepsico.
The stock sales also included several notable firms whose interests had conflicted with Romney’s stances — among them China-based businesses Hang Lung and Komatsu. Romney has advocated toughened dealings with China’s government over its expanding economic interests.
Romney campaign spokeswoman Andrea Saul stressed Friday that the investment decisions for Romney and his wife, Ann, were made under a blind trust administered by a Boston-based lawyer who has long worked with Romney. “Governor and Mrs. Romney’s assets are managed on a blind basis,” Saul said. “They do not control the investment of these assets, which are under the control and overall management of a trustee.”