Wednesday, June 23, 2010

Peter Schiff Assets Over $64 Million

When you run for Senate, you have to want the job pretty bad, because people get to dig deep into your personal affairs.

U.S Senate candidates are required to disclose, within a range, the value of their assets. Schiff, who is in the Republican primary for the Senate seat from Connecticut, has not filed a 2010 disclosure report, yet. (he got two extensions from the Senate ethics committee),according to the CT Mirror. But, he did file a disclosure form in 2009, according to the CTM:
That report, covering his 2008 holdings, shows assets worth at least $64.7 million and as much as $91.6 million. to check the "over $50 million" box when disclosing the value of his holdings in Euro Pacific Capital Inc., the brokerage firm Schiff started in 1996.
So unless he has gone on some crazed spending spree (he was probably hurt some by non-dollar denominated investments, since he has recommended these and they are down), Schiff is a pretty wealthy man. And, I might add, he achieved it all by his own sweat and toil and not a penny of Goldman Sachs-type government bail out money.

Schiff's opponent in the Republican primary race is Linda McMahon the former president of World Wrestling Entertainment Inc.

On her 2010 form she reported hundreds of investments, including one valued at between $25 million and $50 million at the end of last year, accordong to CTM. On her disclosure forms, McMahon's husband, Vince McMahon, got to check the "over $50 million" box-the highest value available, with no upper limit-when reporting one of his investments in WWE.

No comments:

Post a Comment