By Andy Kroll
Mitt says he's "not a Wall Street guy." But in one key way, he's pure Wall Street.
"I am not a Wall Street guy, classically defined," said Mitt Romney in a December interview with the Huffington Post. Private equity firm Bain Capital, Romney's longtime employer and the company that made him rich, he seemed to say, was a different breed from JPMorgan Chase, Goldman Sachs, and the other Wall Street financial titans. It was as if he was distancing himself from the unpopular Wall Streeters who helped cause the 2008 economic collapse.
But in one key way, Romney is pure Wall Street. A review of his personal financial disclosure records shows that a chunk of Romney's wealth—he's worth an estimated $190 million to $250 million—comes from investments in an array of Wall Street banks and investment houses, none more so than Goldman Sachs.
Romney and his wife, Ann, have investments in nearly three-dozen various Goldman funds together valued at between $17.7 million to $50.5 million, according to a financial disclosure form (PDF) filed in August 2011. Those investments appear in the blind trusts and individual retirement accounts belonging to the Romneys. Romney's been a loyal Goldman Sachs client. His 2007 disclosure, filed before his first presidential run, showed Goldman investments valued at between $18.2 million and $51.5 million.