October 4th, 2007
01:20 PM ET
7 years ago

Romney reports raising $10M, loans campaign $8.5M

Romney has loaned his campaign over $17 million this year.

WASHINGTON (CNN) – GOP candidate Mitt Romney raised $10 million in primary election funds for the third quarter and personally loaned $8.5 million of his own money to his campaign for president, his campaign announced Thursday.

The former governor of Massachusetts gained the support of 23,000 contributors for the quarter, bringing the total number of contributors for the year so far to 100,000.

As in the past two quarters, the Romney campaign opted not to raise general election funds in the third quarter which ended Sept. 30.

Romney has loaned his campaign a total of more than $17 million from his personal fortune – including the amount in the 3rd quarter. The Romney campaign said earlier this year that he and his wife have between $190 and $250 million in total assets.

His campaign has brought in a total of $62 million for 2007, to date, with $9 million of cash on hand reported for the third quarter, down $3 million from the second quarter.

The former Massachusetts governor trails Democrats Hillary Clinton and Barack Obama who earned $27 million and $20 million respectively in the third quarter.

Related: Giuliani edges Romney in fundraising

– CNN Assignment Editor Katy Byron


Filed under: Mitt Romney • Rudy Giuliani
soundoff (15 Responses)
  1. Loyda, DC

    Isn't it GREAT to have millions to spare in political campaigns!!!???

    October 4, 2007 02:12 pm at 2:12 pm |
  2. Scott, Cincinnati, OH

    Whow, I'm impressed over 8 million of his own money donated to his campaign. Now Mitt, I have a few additional questions; did you donate the money because your campaing wasn't able to get your strong 'lets rebuild the GOP and keep america down message', oh wait, or was it you just couldn't get anyone with money to buy your ideas. Still think you can buy an ellection, well good luck buddy cause all the money in the USA won't help you now........the blue wave that you see off in the distance it's me and the rest of America and we won't be fooled again.

    October 4, 2007 03:00 pm at 3:00 pm |
  3. Chris, Pensacola FL

    P.S. Did you really "opt" not to raise general funds or did you not have the "following" to raise them?

    October 4, 2007 03:22 pm at 3:22 pm |
  4. Robert, West Virginia

    He can spend the 100 million needed to be considered a viable candidate himself, but he might still not have a chance if he doesn't do a better job campaigning.

    October 4, 2007 03:27 pm at 3:27 pm |
  5. Lars

    Especially when you have the qualities our country needs in it's next president! Mitt Rocks!!

    October 4, 2007 03:52 pm at 3:52 pm |
  6. Travis

    There is one and only one reason why the democrats are out-raising the republicans by nearly 3 times...George W. Bush. Keep fighting the tough fight Romney! You are out working everyone on both sides of the isle.

    October 4, 2007 03:53 pm at 3:53 pm |
  7. KAREN, Cedar Grove,NJ

    All of my family is voting for Mitt.

    October 4, 2007 03:57 pm at 3:57 pm |
  8. Justino, Ada OK

    This man must really want to be a public servant:

    1. He did not accept any salary as Massachusetts governor
    2. He is willing to shunt millions of his personal, hard-earned money to support his campaign

    By contrast, democrats are willing to use millions of YOUR hard-earned money to support their socialist government programs.

    October 4, 2007 03:58 pm at 3:58 pm |
  9. Laura - Tulsa OK

    All this talk about the many millions being bandied about is distressing because it's almost become a contest to see which candidate can "buy" their way in

    October 4, 2007 04:22 pm at 4:22 pm |
  10. Jeff Richards Washington

    Romney is making a huge sacrafice!! Seriously, Wouldn't you keep the money and live out your life in peace and luxury and enjoy the spoils of your labors??? Instead he and Ann are spending their own Mulah believing they can help this country and make a better future for our children. I would take the money and run!! But props to Romney for sticking with it after all the crap that has been hurled his way.

    October 4, 2007 04:30 pm at 4:30 pm |
  11. ronnie - knoxville, tn.

    don't hate him because he's rich. you know you want to be like him.

    October 4, 2007 04:34 pm at 4:34 pm |
  12. Jamie, MA

    Keep buying that presidency Mitt.

    W/O his money he would have been bankrupt by now

    October 4, 2007 05:47 pm at 5:47 pm |
  13. anon, new york, NY

    Romney has a high burnt rate (amount apent) on $1 raised – 73% – of top presidential candidates. McCain 80%, Giuliani 50%, Obama 40%, John Edwards 40%, and Hillary 29%.

    Romney might have paid a lot of his raised funds to his 5 children helping him in this election.

    October 4, 2007 06:38 pm at 6:38 pm |
  14. Chris, Middletown, CT

    "Romney has loaned his campaign a total of more than $17 million from his personal fortune " – is this what we want??

    October 5, 2007 09:00 am at 9:00 am |
  15. lemare

    What's the matter with you people? So you're upset with him for parting with his assets? If he loaned his campaign NOTHING, you'd be saying that how dare a multi-millionaire ask the middle-class public to part with THEIR hard-earned money when he wouldn't part with any of his OWN fortune.

    I'd like to see some OTHER candidates make similar sacrifices.

    October 7, 2007 10:57 am at 10:57 am |