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Romney net worth remains near $250 million

June 1, 2012 RSS Feed Print

Romney's stock sales unloaded dozens of investments that had been managed under his blind trust by several investment management companies. The campaign did not explain the rationale behind the stock sales, but tax forms released by the Romney campaign earlier this year showed that both the blind trust overseeing his and his wife's investments began shedding many stocks in 2010, just before he geared up his presidential campaign.

Among the stocks that Romney sold, according to Friday's disclosure, included Wal-Mart's Mexican operation, which has been roiled by payoff allegations, and British Sky Broadcasting, the television operation sought by media magnate Rupert Murdoch.

Other sold stocks included Komatsu and Schlumberger, firms that have been targeted in the past for doing business in Iran. The blind trust also shed an investment in Fresenius Medical Care, a German company that has done work in stem cell research, which Romney has said he opposes.

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