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Huntsman's Approval Rating May Be Low But Not His Bank Account Huntsman's Approval Rating May Be Low But Not His Bank Account

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Politics / CAMPAIGN 2012

Huntsman's Approval Rating May Be Low But Not His Bank Account

Newly released financial disclosure forms detail GOP presidential contender's personal fortune

Jon Huntsman.(Spencer Platt/GETTY IMAGES)

photo of Alex  Roarty
September 9, 2011

His presidential campaign might be struggling, but Jon Huntsman still has one thing going for him: money.

Financial disclosure forms released Friday show the former Utah governor's assets to be worth anywhere from $16 million to $71 million, the kind of personal fortune that, among the GOP White House contenders, can only be matched by rival Republican presidential candidate Mitt Romney, himself the scion of a wealthy family. The financial disclosure forms that members of the executive branch and candidates for the presidency are required to file asks them to list their assets in broad ranges of value, rather than exact amounts.

Much of Huntsman’s money -- between $5 million and $25 million -- comes from stock he owns in the chemicals company his family built, Huntsman Corp. He also has between $5 million and $25 million in what his spokesman Tim Miller described as a mutual fund run by financial advisers.

 

The ex-U.S. ambassador to China owns a home in California worth between $1 million and $5 million, and government bonds valued as high as $500,000.

Huntsman does carry some liabilities, including a property tax bill of $15,000 to $50,000, owed on the Washington home he bought last year. He also took out a loan valued at $1 million to $5 million from Salt Lake City-based Zions First National Bank.

After initially signaling he wouldn’t spend any of his personal fortune on the campaign, Huntsman later acknowledged he donated some money to help “prime the pump” early on in his effort. It does not appear to have helped much: the campaign recently replaced its national finance director amid indications that the campaign is spending money faster than it can raise funds. And Huntsman, which has registered a bare one percent in many national polls, announced Friday that he's not participating in a much-watched Florida straw poll, set for later this month.

 

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