- Age: 64
- Claim to Fame: Former Governor of Massachusetts
- Economic Expertise: Harvard MBA and co-founder of Bain Capital
Romney proved his talents in the business world well before taking public office. Romney graduated in the top 5% of his business school class at Harvard, and was a young star of Boston’s management consulting scene after graduation. After a series of successes, he co-founded the private equity investment firm Bain Capital.
Bain Capital funded startups with venture capital, made deals between bigger shops and invested in companies that could grow. And thanks to Romney’s astute stewardship, Bain was a big success. One of its biggest buy-ins was into a little office supply company called Staples (NYSE:SPLS).
Bain Capital thrived under Romney, and he personally shared big-time in the success. A 2007 Washington Post report estimated his net worth at as much as $250 million.
A lot of lip service is paid by politicians to fostering small business growth and growing startups in America. In the private sector, Mitt Romney put his money where his mouth was and made it happen. He talks a lot about creating jobs and building businesses, and has the resume to back up those claims.