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Mitt Romney will become one of the richest ever occupants of the White House if he wins the presidential election, after his campaign confirmed he was worth up to $250 million.
The Republican candidate disclosed his net worth, around £163 million, in a financial declaration to the Federal Election Commission which provided new details of his personal fortune.
A campaign spokesman said the former Massachusetts Governor and his wife Ann had assets of between $190 million and $250 million. Experts claimed analysis of his holdings suggested his wealth was closer to the upper figure.
The family has another $100 million (£65 million) in a separate trust for Mr Romney's five sons.
The candidate's exact net worth had been unclear until now, although it had been estimated in the $200 million to $250 million range after he disclosed that in 2010 he had paid taxes of $3 million (£1.9 million) on income of $21.7 million (£14 million). Because most of his wealth derived from capital gains, he was able to pay tax at a far lower rate than most Americans.
The records also show that Mr Romney sold off much of his overseas investments in the last year, including controversial holdings in the Chinese-owned companies Hang Lung and Komatsu, which have been criticised for doing business with Iran, and British Sky Broadcasting.
© Getty ImagesThe records also show that Mitt Romney sold off much of his overseas investments in the last year, including controversial holdings in the Chinese-owned companies Hang Lung and Komatsu
A campaign spokesman said the former Massachusetts Governor and his wife Ann had assets of between $190 million and $250 million. Experts claimed analysis of his holdings suggested his wealth was closer to the upper figure.
The family has another $100 million (£65 million) in a separate trust for Mr Romney's five sons.
The candidate's exact net worth had been unclear until now, although it had been estimated in the $200 million to $250 million range after he disclosed that in 2010 he had paid taxes of $3 million (£1.9 million) on income of $21.7 million (£14 million). Because most of his wealth derived from capital gains, he was able to pay tax at a far lower rate than most Americans.
The records also show that Mr Romney sold off much of his overseas investments in the last year, including controversial holdings in the Chinese-owned companies Hang Lung and Komatsu, which have been criticised for doing business with Iran, and British Sky Broadcasting.
© Jalopnik.com
Egyptian protesters gather at Cairo's Tahrir Square to demand a tougher verdict on former dictator Hosni Mubarak, June 2, 2012.
Chanting slogans during the Sunday morning protests, the demonstrators demanded the execution of the former ruler for his complicity in the killings of at least 900 anti-regime protesters during the country's historic revolution in February 2011.
In a final verdict by a Cairo court on Saturday, a life term was handed down to Mubarak and his Interior Minister Habib al-Adli.
However, six top police commanders were acquitted of the same charge due to what the judge described as 'lack of concrete evidence.'
Demonstrators march to protest planned tuition hikes and an anti-protest law in Montreal, June 2, 2012.
The mass rally, organized by the CLASSE student association, was held on Saturday as thousands of student protesters and their supporters convened at the base of Mount Royal near McGill University in Montreal.
The protest was the first since the latest tuition negotiations with Quebec Premier Jean Charest's government broke down Thursday.
CLASSE said some 10,000 people were marching by Saturday late afternoon in the biggest protest since the start of the tuition crisis in February.
© Press TVIsraelis chant slogans during a protest calling for social justice (for themselves, not Palestinians), in Jerusalem on June 2, 2012.
About 5,000 people gathered in Tel Aviv on Saturday night to express their anger against the policies of the Israeli regime that prompt social inequalities.
Hundreds of people also protested in al-Quds (Jerusalem) and Haifa, renewing their calls for social justice.
The protesters demanded the improvement of social services and infrastructure, a decrease in the costs of living and an increase in the taxation on those with high incomes.
The organizers said in a statement that "our renewed call stems from grief and anger -- we've been fighting for a whole year, with the complete support of most of the Israelis."
© Christian Thompson/APThe wreckage of a Boeing 727 cargo plane which hit a bus full of passengers while trying to land at the airport in Accra, Ghana.
Bill Anaglate said the number of dead could rise. Anaglate said all the dead were in cars that the plane crushed when it failed to take off from Kotoka International airport on Saturday night.
The crash happened just outside the airport, which is near newly built high-rise buildings, hotels and the country's defence ministry. Witnesses said the plane first smashed through the fence that runs around the airport before hitting a bus and cars.
Police and soldiers quickly cordoned off the neighbourhood where the plane crashed. The area is near to El-Wak sports stadium and Hajj Village, where Muslims in the country stay before they journey to Mecca.
© Petros Giannakouris/APGreece's neo-Nazi Golden Dawn party, led by the fuhr-ious Nikos Michaloliakos, won 21 seats in last month’s election.
Ilias Panagiotaros and Ioannis Vouldis were briefly held alongside the daughter of Nikos Michaloliakos, Golden Dawn's leader, but were later released.
According to police, the attack took place late on Friday when a group involved in a protest turned on a 31-year-old Pakistani bypasser.
Golden Dawn confirmed two of its MPs had been held, but denied they took part in the attack. "[They] could not have been involved because they were miles away," it said in a statement.
© Mark Blinch/ReutersPolice cordon off the Eaton Centre in Toronto, Canada, after a deadly shooting spree.
Police said two people were in a critical condition. They included a 13-year old boy, while the man killed was 25. Several people were trampled and pushed in the panic, including a pregnant woman who went into labour.
Witnesses said multiple shots were fired in the mall's food court and hundreds of panicked shoppers sprinted for the exits. The mall, which is popular with tourists, was evacuated. People watched from outside as an injured man with visible bullet wounds was wheeled out on a stretcher.
The Toronto Blue Jays baseball player Brett Lawrie tweeted that he sprinted out of the mall after hearing the shots. "People sprinting up the stairs right from where we just were."
Psychopathy alert! Montreal sadistic killer search continues amid report he was spotted at Paris bar
© MySpaceLuka Magnotta in front of the Eiffel Tower in 2010. French police appear convinced that Magnotta is in their midst.
MONTREAL - A Paris hotel manager told the Montreal Gazette on Saturday that his neighbour, the manager of a bar and restaurant, confirmed to police that Montreal fugitive and suspected killer Luka Rocco Magnotta had a drink at his bar on Thursday.
Sbyibi el Bachir, manager of Hotel Studio des Batignolles in the 17th arrondissement in Paris, said in an interview that Dominique Massonneau, manager of Le Petit Batignolles, told him on Saturday that Magnotta stopped by his moderately-priced cafe - and that Massonneau had reported it to police.
The information could not be independently verified immediately.
